Stellar Lumens (XLM) Price Analysis: Bullish Pattern Forms on the 1D Chart

Stellar Lumens (XLM) Price Analysis: Bullish Pattern Forms on the 1D Chart
фото показано с : bitcoinist.com

2019-5-15 23:00

Stellar Lumens (XLM) has finally broken back above the psychological $0.12 mark today, with a surging 7.39% gain. Trading volume is also showing significant promise, with a $212 Million rise in the last 24hrs – but the promising bull signals don’t stop there.

Stellar Lumens (XLM) Technical Analysis

The #9 cryptocurrency has finally joined in with the bull market after a particularly bearish start to Q2. Over the last 5 days, XLM buyers have made a triumphant return behind the asset and helped to lift Stellar Lumens off the bottom at $0.086, to its new peak at $0.125.
Right now, the price action has met with some minor selling pressure at the 0.236 Fibonacci level ($0.122) which is creating some friction during the intraday uptrend. Bullish signals on the 1D MACD and RSI however, suggest that this is just a temporary pullback.

MACD: The 12-MA has now bullishly passed through the signal line for the first time since March, with increasing buying volume appearing on the histogram.

RSI: The indicator line has spiked dramatically over the last 24hrs – with the asset now looming dangerously close to the overbought region after surging from 46% to the 67% mark. For now, there appears to be no deviation in the rising RSI trend which suggests bullish momentum is continuing to build behind the asset.

Further bullish confirmations can also be seen on the Chaikin Money Flow (CMF), where the indicator line is now holding above the zero line as buying pressure behind the asset increases.

Stellar Lumens Daily Chart

On the 1D XLM/USD 00 we can see a bullish inverse Head and Shoulders (H&S) pattern has almost completely formed.

Over the past 4 weeks, the final part of the pattern – the right shoulder – has started to take shape, with the price action now heading towards the neckline level at $0.013337. Once the asset break above this price point, we should expect a strong bullish rally to ensue.

Looking at the Fibonacci levels above, the breakout targets for the bull-run are likely to be around the 0.5 ($0.179), the 0.618 ($0.204) and the 0.786 (0.241) Fibonacci levels, which have all been major S/R levels during the past 6 months.

Also read: XRP Surges as Coinbase Adds Full Support for New York Residents. 

Images via Shutterstock, Tradingview.com

The post Stellar Lumens (XLM) Price Analysis: Bullish Pattern Forms on the 1D Chart appeared first on Bitcoinist.com.

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Stellar (XLM) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1107
Капитализация $0 Rank 99999
Цена в час новости $ 0.1224 (-100%)

xlm lumens stellar analysis price pattern finally

xlm lumens → Результатов: 126


На Coinbase Pro добавили поддержку XLM

Ориентированная на профессиональную торговлю криптовалютами платформа Coinbase Pro добавила поддержку операций со Stellar Lumens (XLM) в парах с биткоинами, долларами и евро. Новая возможность будет доступна клиентам площадки во всех странах ее присутствия, кроме резидентов штата Нью-Йорк.

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Биржа Coinbase Pro добавила поддержку криптовалюты Stellar

Ведущая криптовалютная биржа США Coinbase Pro объявила в среду, 13 марта, о начале поддержке Stellar Lumens (XLM). Торги XLM будут вестись в парах с долларом США, евро и биткоином. Inbound transfers for XLM are now available in the regions where trading is supported.

2019-3-14 00:54


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Binance Coin (BNB) Dethrones Stellar Lumens (XLM) in less than 24hrs, USDT is Next in Line

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Huobi добавила в листинг XLM, XMR и STEEM

Оператор американской криптовалютной биржи Huobi, компания HBUS, объявила о добавлении в листинг трех новых токенов — Stellar Lumens (XLM), Monero (XMR) и Steem (STEEM). В результате листинга новых токенов число цифровых активов, торгующихся на бирже, выросло до 15.

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Stellar сдает позиции

В прошлом году Stellar Lumens были практически золотым ребёнком криптосферы. Он являлся главным конкурентом Риппла в блокчейн-транзакциях и подавал большие надежды. Лозунг проекта «отправка денег как электронной почты» сейчас пришёлся бы на руку обществу.

2019-1-31 18:07


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As reported by an independent cryptocurrency watcher, Whale Alert (Twitter handle), over $13 million USD worth of Stellar (XLM) was sent to unknown addresses raising questions. The Stellar Development Foundation have not offered any statement of such a transaction which has left investors tense of the huge move. The report noted that the amount of […]

2019-1-30 19:49


Криптобиржа BitBay добавляет пары с Stellar Lumens (XLM) на свою платформу

Звездные пары с Stellar Lumens (XLM) будут теперь представлены на польской бирже криптовалют BitBay. Польская криптовалютная биржа BitBay объявила о введении торговли Stellar (XLM) с четырьмя валютными парами, а именно: USD, евро, польскими злотыми и Биткоинами.

2019-1-30 11:46


Altcoins Daily Preview: Jan 10 Losses Weighing Heavily on Stellar Lumens (XLM) and Cardano (ADA)

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2019-1-21 15:45


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Stellar Lumens Trust дает клиентам возможность взаимодействия XLM с помощью тривиальных систем, не прибегая к покупке и хранению монеты. Траст Stellar Lumens стал девятым по счету трастом компании Grayscale с привязкой к криптовалютам.

2019-1-19 22:13


Bitcoin Giant Grayscale Bolster Institutional Offerings, Launches Stellar Lumens Trust

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2019-1-18 23:00


Grayscale Investments запустила инвестиционный фонд на основе Stellar Lumens

Инвестиционная компания Grayscale Investments Барри Сильберта официально объявила о запуске Grayscale Stellar Lumens Trust — фонда, ориентированного исключительно на криптовалюту XML. 1/ We are excited to announce two big developments! First, today marks the launch of Grayscale Stellar Lumens Trust! Investors can now gain exposure to the price movement of XLM through a traditional investment […]

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