This week we analyze XLM for you. XLM has two nice weeks behind it in which three resistances have been broken and gains of 196% could have been achieved. Is it time to catch your breath or shoot the course through the roof. We're going to check it out on several timeframes.

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And we switch directly to the 6h graph because on the 1d and 12h there is too little information. At the top of the candles you can see a very nice trend line that functions as a resistor. At the same time we do not see a deep low which could indicate that compression is currently being built up for a move. From the peak of the price we see that the volume has also dropped drastically. This may correspond to the possible compression that is being built up. In a triangle, the decrease in volume is a good sign, unfortunately it is not an obvious triangle.

If we look at the rsi and lbr they are both at a point that when a crossover is going to take place it will happen at a beautiful point and the course may well pump further up. On the macd the bearish momentum slowly decreases.

Here we see a sideways movement in which the ema100 has provided constant support. The ema55 against this caused resistance and at the moment it is declining. On the indicators we also see a sideways movement in which all three of them are moving below the middle, the bears here have a very small advantage over the indicators. This sideways range is the range which we are going to have to keep an eye on today / tomorrow.

Conclusion:
It seems that XLM wants to go higher but personally I find it hard to say at the moment. To go higher, the price on the lower timeframes (1h - 4h) should close above the range and preferably above the highs circled in red. However, it is possible that on the higer timeframes a bull flag will form and the price may drop to the 12h golden pocket between 0.11615 - 012474.

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