XLM / BTC - life changing gains ahead

XLM / BTC - life changing gains ahead
Lumen / Bitcoin BITTREX:XLMBTC
without_worries

Per title. This 3-day chart reveals a lot of reasons to be excited. The conditions preceding late 2017 are almost a carbon copy. However, past events are no guarantee of future predictions, that's why we have technical indicators. So what are they saying? The falling wedge is the most obvious for me, except this one is a lot larger than the one created in 2017 and we've now broken out and confirmed support on the 50 day moving average with engulfing candle. Although not seen here, the Bollinger bands are very tight, indicating a big move is coming. For almost two years we've had an RSI trend line acting as resistance, not any more. Furthermore Stochastic RSI (momentum) is heading upward after making higher lows almost two months apart, perfect. Lastly, we've just left some very oversold conditions behind us, the perfect opportunity to take a position.

The weekly chart in case there's any doubt should always be studied. Confirmed, buy low... and here we go