$XLM, Disaster Or Moon…
Daily
Looking at our trigger timeframe we see Lumens is currently testing a critical support level at 3000. Stochastic RSI showing momentum is looking to set a higher low, a close below 3000 indicates a drop to 1500. However if price decided to close above 3100 we should see a run towards the upside.
4Hour
Shifting over to our pattern timeframe we see price currently stuck in a minor descending wedge, as we broke out of our major wedge. A 4hour close above 3100 and we should see XLM take off towards the upside, however if we fail to break above our wedge expect price to make a radical sell off.
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