XLM TA of previous breakouts and consolidation prior to them

The last few XLM breakouts have occurred after an extended length of consolidation prior to the run, similar consolidation is occurring again along the length of the channel support so this continued development is something to watch. See the charts highlighting the consolidation zones just prior to the previous breakouts in comparison to the current consolidation happening where XLM is currently. Take note however of heavy sell wall containment of runs past .00004500 satoshis, a potential breakout would require increased volume to breakthrough sell wall containment.

Commento:

Be advised BTC hitting highs will likely cause fomo buyers to dump XLM to jump into BTC to ride it up