#XLM is Changing Trend

We’re seeing a fairly typical setup on the 4-hour timeframe. Stellar’s price is breaking out of a correction in a way that's been standard over the past few years.

The price has broken above the upper boundary of a bullish wedge pattern. It has reached the mirror level around ~$0.29, which serves as the only strong resistance nearby.

Locally, a bullish squeeze pattern is also forming in the shape of an inverse head and shoulders. To complete it, the right shoulder still needs to be fully developed.

The combination of the wedge + inverse head and shoulders is a classic setup for trend reversals after a correction. Most likely, we’ll see the trend continue from here