XLM vs BTC possible Symmetrical Triangle breakout projection
Given recent activity of BTC and with XLM rising and holding stout possible upward breakout could happen should XLM stay within the parameters of the symmetrical wedge and BTC continue its bullish trajectory.
Buy indicators would be XLM breaking the upward resistance line of the wedge in the green zone indicated. Run could continue into the first gold box to take profits as major resistance would be met there because it is the ceiling to the upward channel XLM has formed. A breakout beyond that could send XLM into the second level of major resistance indicated by the second gold box. Resistance line was drawn from the peaks on the January 4th ATH and the second major peak on January 26th. Falling into the red zone would be a negative indicator to Symmetrical Triangle Projection.
Buy indicators would be XLM breaking the upward resistance line of the wedge in the green zone indicated. Run could continue into the first gold box to take profits as major resistance would be met there because it is the ceiling to the upward channel XLM has formed. A breakout beyond that could send XLM into the second level of major resistance indicated by the second gold box. Resistance line was drawn from the peaks on the January 4th ATH and the second major peak on January 26th. Falling into the red zone would be a negative indicator to Symmetrical Triangle Projection.