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XLM WEEKLY - It made it!
XLM took me by surprise this week with a surge to its ending diagonal trend line . Any further upside this week to the 0.764 will likely be a bull trap wick, looking for the final leg down to complete the ending diagonal and then trend reversal.
XLM was one of the few major Cryptos to show Bullish divergence on the Weekly before this latest uptrend but is now showing hidden Bearish divergence.
Analysis will be blown if we surge to new higher highs from here but 360 view shows global equities and crypto running out of steam in bull trap regions.
XLM was one of the few major Cryptos to show Bullish divergence on the Weekly before this latest uptrend but is now showing hidden Bearish divergence.
Analysis will be blown if we surge to new higher highs from here but 360 view shows global equities and crypto running out of steam in bull trap regions.
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