Stellar (XLM) Price Analysis: Is That a Reversal Pattern?

Stellar could be in for a rally as it formed an inverted head and shoulders pattern on its 1-hour chart. Price is currently testing the neckline and a break higher could send it up by roughly the same height as the chart formation, which spans 0.2100 to 0.2500. Holding as resistance, on the other hand, could force a move back to the lows.

The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. In other words, the neckline resistance is more...

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