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XLMUSD Likely Hourly Kumo Breakout Setup

Panjang
Stellar Lumens (BITTREX:XLMUSD)  
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BITTREX:XLMUSD   Stellar Lumens
Trend Analysis Chart Patterns Technical Indicators ichimokukinkohyo kumobreakout kijun-sen breakout re-test
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trendanalysis chartpattern indicator ichimokukinkohyo kumobreakout kijun-sen breakout re-test
XLMUSD is setting up for a strong follow-through breakout following a healthy pullback. The hourly chart shows a bullish double bottom candlestick pattern during accumulation phase. The Ichimoku cloud system shows price broke through the white Kijun-Sen (along with a T/K cross) and has now re-tested the line without a close below. The cloud top will act as resistance, but the bullish cloud twist and Chikou-Span line being supported by the cloud suggests a breakout is eminent. Likely to see higher prices in the next 6-36 hours.
Komen:
snapshot

We are experiencing continued consolidation with some failed signals to both sides.
A move in either direction on high volume will indicate which direction is next.
Penafian

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