📈 XLM/USDT [4H] Technical analysis for networks
The price is testing the upper boundary of the descending channel 🔼. A "wedge breakout" pattern is forming — a possible signal for a trend reversal 🔁.
The price has broken through MA(25) and is approaching the Ichimoku cloud ☁️, with a resistance zone at 0.3992–0.4106.
🟢 Bullish signals:
• Breakout of the inclined resistance of the channel 📏
• Support from MA(7) and Parabolic SAR from below 💥
• Volume above average — confirms demand 🔊
🔴 Bearish factors:
• Price at the cloud — potential pullback zone 🛑
• MA(99) at 0.43 — long-term resistance 💣
🎯 Consolidation above 0.4100 + entry into the cloud = 🚀 signal for continuation towards the 0.45–0.47 area.
⛓️ Now — decision-making zone: rise or return inside the channel.
📡 We are monitoring the volumes and response from the 0.40 level!