Looks like we are coming to the end of a descending wedge that may see XLM/USD break up or break down between now and 1/12.... Could a cup be forming for the next leg up?
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Initially looked like this was breaking down, but today it seemed to break above the resistance point. The bottom *may* be in. I expect the curve line drawn to be more elongated, meaning it will take longer for it to peak and hit next level than depicted.
Thanks for this view! Would be nice to see some Fibonnacci retracement on it. Also, if you would draw a line for the bottoms of 12:00 and 9, you can see that they actually predict the rebound at 11 (x-axis) and that we are in a smaller downward trend channel that still remains to be broken of course.