This channel has fairly strong support shown in the chart by the solid and dashed green lines, suggests that this ascending line indicates the rising price floor for XLM vs BTC and the lowest prices within this channel to buy XLM at.
Looking upwards, the red dotted lines indicate light level 1 resistance where profit selling could be attained before buying back in once the price has receded back down below it. The dashed red line indicates the ceiling of the where heavy resistance would be met indicating levels to sell and take profits again. XLM breaking out above the could be possible but more development is necessary before making further predictions. The relative stability of the channel suggests that XLM could move up and down within this channel for at least the next few days to a week.