XLM/USDT - A break before more uptrend

XLM is caught in a descending triangle in forming. It is unlikely we will push higher in the near term, therefore expect a range play within this triangle formed between the 50% fib level which was tested twice and the descending resistance.

Short term bias is bearish currently and one can short the resistance and long support for a nice range play. If we break resistance we will know XLM is due for higher levels, but that is still a few days ahead I would say.