STELLAR (XLM) Daily Price Forecast – December 25

2018-12-25 17:59

 

XLM/USD Medium-term Trend: Bearish

Supply zone: $0.2000, $0.2500, $0.3000
Demand zone: $0.0800, $0.0600, $0.0400

XLM is in a bearish trend in its medium-term outlook. The failure of the bulls to continue to push further up north after the formation of higher highs at $0.1467 in the supply area yesterday 24th December resulted in the bears return.

$0.1308 in the demand area was the low before the end of yesterday session. Today’s 4-hour opening candle was a large bearish candle as XLMUSD dropped to $0.1210 and further down to $0.1205 in the demand area breaking the key area at $0.1242.

The retest of the key area at $0.1242 was an indication that downtrend continuation is confirmed and more the bears' journey to the south may have begun.

Price is below the two EMAs and the stochastic oscillator is in the oversold region and its signal is pointing down which suggest downward momentum in price in the medium-term.

XLM/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bearish marubozu 1-hour opening candle at $0.1382 was a signal to bears continuation. XLMUSD dropped to $0.13246 closing below the two EMAs crossover. XLMUSD further dropped to $0.1204 after a brief retest at the 10-EMA as the bears continue its journey down.

Price is below the two EMAs and the stochastic oscillator in the oversold region at 19%. These suggest a downward movement in price of the cryptocurrency in the short-term.

 

 

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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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 $ 0.1211 (-100%)

xlm bearish supply zone trend medium-term december

Источник: bitcoinexchangeguide.com

xlm bearish → Результатов: 48


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