XLM hit major support line, correction towards new ATH?

$XLM recently surged through earlier major resistance line, which according to polarity is now major support line.

Bitcoins recent drop caused $XLM to hit its major support line. There is a possibility of Head and Shoulder form, which would predict a breakthrough of the current major resistance line leading to new ATH.

Share your thoughts in comments.

Kommentera:

Currently, XLM is still in a clear downward channel in 30 mins candle, which it needs to break to confirm the new bullish trend. The major support area is keeping clean, which is a strong overall bullish signal.