STELLAR (XLM) Daily Price Forecast – February 19

2019-2-19 18:38

 

The bulls are in charge of both the medium and short-term outlook $0.1000 in the supply area remains the bulls target. XLM/USD Medium-term Trend: Bullish

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

XLM is in a bullish trend market in its medium-term outlook. The strong bullish broke the upper supply area at $0.08400 yesterday but closed within the range as it dropped to $0.08356 at the close of the session.

The 4-hour opening candle at $0.08550 made another break out at the upper supply area and rose to $0.08755 in the supply area. Increased bullish momentum led to the cryptocurrency initially up at $0.09112 and later to $0.09480 in the supply area.

The two EMAs are fanned apart which connotes strength in the context of the trend and in this case the bullish trend. The stochastic oscillator signal points up at 82% in the overbought region an indication of upward momentum in price in the medium-term.

XLM/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. After yesterday opening at $0.08100, the cryptocurrency has been creating higher highs and higher lows. $0.08626 was the highest high of yesterday session.

Today 1-hour opening candle at $0.08442 was bullish. Hence the repeat of higher highs and higher lows scenario is playing out. $0.09480 in the supply area has been attained in the short-term with room for upward price movement.

Price is above the two EMAs crossover and the stochastic oscillator signal points up at 86% in the overbought region an indication of upward momentum.

 

 

 

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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xlm bullish supply outlook trend zone medium-term

Источник: bitcoinexchangeguide.com

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