🪐 #XLM is changing trend
We are seeing a quite typical setup in the 4-hour time frame. The price of Stellar is coming out of a correction in a way that has been standard in recent years.
The price has surpassed the upper limit of a bullish wedge pattern 🐂. It has reached the mirror level around ~$0.29, which acts as the only strong nearby resistance.
Locally, a bullish squeeze pattern in the form of an inverted head and shoulders is also forming. The right shoulder still needs to develop fully to complete it.
The combination of the wedge + the inverted head and shoulders is a classic setup for trend changes after a correction. It is most likely that we will see the trend continue from here 📈
