XLM being forced in Support/Resistance Wedge

7 Apr 2018

We have yet to have a 4-hour candle close above the .50 Fib retracement line (2950). Every time we manage to get above it, it comes back down prior to close. We are also being pushed up by the channel support. Fairly quickly here, XLM is going to get forced to make a decision. I am not trading XLM until we have clarity and more confirmation from a 4-hour close of the direction it is going to take.