XLM / USD --- Consolidation Pattern (Decending Wedge & Cup)
Looks like we are coming to the end of a descending wedge that may see XLM/USD break up or break down between now and 1/12.... Could a cup be forming for the next leg up?
Kommentera:
Initially looked like this was breaking down, but today it seemed to break above the resistance point. The bottom *may* be in. I expect the curve line drawn to be more elongated, meaning it will take longer for it to peak and hit next level than depicted.
