Stellar Lumens (XLM) POWERFUL Channel of Profit!

XLM update..

Looking like XLM wants to prove itself here. Created a much higher low from the breakout out of lower level consolidation the other day which signifies relative strength in the market (compare to XRP or ADA's movement and lower level consolidation.
A 4hour close over this upper resistance trend line around about 4730 sat technically puts XLM in a more aggressive breakout although experience tells me there is heavy resistance around the prior high as there is clear distribution at the prior high.

Doesn't mean XLM can't break though but I'd expect some bouncing around that area. Other than that, XLM is starting to give early signs that smart money is done accumulating and ready to roll

1. MACD tightening up and ready for reversal to the upside as a lagging confirmation
2. Histogram heavy oversold last day and now curling back up into upside terriorty
3. OBV moving sideways as price declines on consolidation is usually a hidden sign of bullish divergence
4. Stoch RSI oscillator beginning to curl up confirming early movement in my eyes
5. RSI (not pictured) trending up

Overall I really like this move, if XLM can get confirmation to the next level it can run all the way to 5800 sat area on a measured move however these are never exact but gives us a good ballpark area to keep in mind

Now if XLM can get a true blue sky breakout with a close above my estimated new local high around about 6k sat on good vol then the real confirmation begins as here's a potentially extremely profitable channel traders can take advantage of I have charted here..

Top of this channel is well deep into the 7000s range and possibly above 8000 in the right environment. Now I can't give a time analysis on that as I don't really believe in that but keep in mind these are longer term charts so it's highly unlikely it will happen in the short term and more like a month or two down the line if I had to use prior experience as a reference point but again there's really no way to know when it will happen, but it is a very good idea to keep this in the back on your mind.

Of course my post is not complete without a way of knowing this is incorrect analysis..
**FAILURE - 2 hour close below 4350 sat area would likely signal a trend reversal and maybe it might try to catch the longer term trendline around 3850sat. Below that is free fall area.

Not financial advice.