XLM broke the first leg of it's consolidation/downtrend earlier this morning, now working its way up. Not a huge post here as I've posted about the technical in previous posts but so far we are living above the former resistance trend line and have made a higher low which are simple ways to see we have begun a new trend.
All indicators are looking like we're gaining upside momentum 1. RSI trending upwards 2. MACD Crossing bullish on 4 hour timeframe 3. OBV bullish divergence 4. Volume distinct on upthrusts
Not much else to say here so I'll keep it simple, if you'd like a more detailed explanation of my thoughts overall check out my prior XLM posts.
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