There is a downtrend on the XLM daily chart that has retested successfully and formed an inverse head & shoulder pattern. The RSI has also bounced off a support level as well as tested a resistance line both coordinate to the trend and pattern analysis. I predict a bullish swing that will fill up to the top of the downtrend. The volume is also indicated a bullish movement while decreasing with a decreasing price.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.