XLM has shown a lot of strength recently; however the previous 4H candle close is showing a stack of 10 bearish divergences, which is quite a lot! Be weary of this and take profits as you see fit. If this is a top for the current time being, we may start to form some form of a formation in the likes of a broadening wedge that could be a good setup for bullish continuation in the coming days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.