The next day should tell us what we need to know and whether a reversal of the bearish trend will happen.
With BTC gaining a lot in the last few days it has made trading tough and a lot will depend on BTC performance but if we can break through that neckline and climb to 1500 sats then we may see a quick climb.
Keep your eyes on the charts as falling through the 1375 area would negate this trade and the H&S formation. As it is we are very close to the tip of the second shoulder if one is to form.
Good luck out there
Note
Bounced at the 1370 area. This COULD be a potential duble bottom depending on how strong that support is. Interestingly this is the same level XLM was at before the bullrun of December 2017.
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