Stellar (XLM) Price Analysis (February 22)

2020-2-22 18:26

• The cryptocurrency is in a bullish trend in the medium-term and ranging in the short-term outlook respectively.
• Patience is required at this period.

XLM/USD Medium-term Trend: Bullish
• Resistance Levels : $0.08, $0.09, $0.010
• Support Levels: $0.04, $0.03 $0.02

The coin is in a bullish trend zone in its medium-term outlook. The bulls lost momentum after an impulsive movement to $0.071 in the resistance area during yesterday's session.

A bearish spinning top hammer at $0.071 opens today’s daily session in the support area within the range.

XLMUSD further drops to $0.069 in the support area. Price revolves around the two EMAs.

The stochastic oscillator signal is pointing down at level 16% in the oversold region an indication of downward momentum in the price of the crypto also the price may encounter a trend reversal in the nearby days in the medium-term perspective.

XLM/USD Short-term Trend: Ranging


The coin is in a range-bound market in its short-term outlook. The drop to $0.069 in the support area pushes the cryptocurrency into a range bound-market during yesterday's session.

The 4-hourly session today opens with a formation of bullish doji candle at $0.07 in the resistance area.

The bears return gradually with an initial decrease to $0.069 in the support area. The bulls stage a return and increase price further to $0.071 in the resistance area within the range.

Price hovers around the two EMAs an indication of the undefined trend in the short- term.

However, the stochastic signal pointing up at around level 45% suggests that the price of Stellar may likely encounter a change in trend in the days ahead in the short-term.

XLMUSD is in consolidation and trading between $0.07 in the resistance area and $0.03 in the support area within the range. A breakout at the upper resistance area or a breakdown at the lower support area may occur hence patience is required to allow this to happen before a position is taken.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Stellar (XLM) на Currencies.ru

$ 0.1127 (-0.21%)
Объем 24H $76.617m
Изменеия 24h: 6.84 %, 7d: 8.83 %
Cегодня L: $0.1102 - H: $0.1129
Капитализация $3.263b Rank 36
Цена в час новости $ 0.0704916 (59.88%)

bullish trend medium-term xlm required patience period

Источник: bitcoinexchangeguide.com

bullish trend → Результатов: 126


BITCOIN CASH Price Prediction Today: Daily (BCH) Value Forecast – June 25

The short and medium-term outlook is in the bullish trend. Traders may consider buying at the key areas with bullish reversal candlesticks. BCH/USD Medium-term Trend: Bullish Supply zones: $500, $600, $700 Demand zones: $100, $50, $30 BCHUSD outlook in the medium-term is in a bullish trend. The strong pressure mounted by the bulls broke the […]

2019-6-25 19:32


Фото:

Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: Figure 1: BTC-USD, Daily Candles, New Market LowOn Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $6,000s.

2018-7-1 19:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Stellar (XLM) Price Could Crash 50% If This Happen

The Stellar (XLM) price readings from long- and short-term time frames are in alignment and indicate that another final drop is expected prior to a bullish trend reversal. The post Stellar (XLM) Price Could Crash 50% If This Happen appeared first on BeInCrypto.

Why CHZ, RVN, LDO, XLM And ATOM Are Dropping Like Flies

Be[in]Crypto takes a look at the five cryptocurrencies that dumped the most last week, more specifically, from Sept. 23 to Sept. 30. The post Why CHZ, RVN, LDO, XLM And ATOM Are Dropping Like Flies appeared first on BeInCrypto.

MoneyGram Partners With Circle And Stellar to Launch Cash In And Cash Out Links to USDC

Cross-border payments giant MoneyGram is now working with the Stellar network for instant money transfers using the USDC stablecoin. The companies announced on Monday that they would start the pilot in the fourth quarter of this year, and a gradual rollout of enabling USDC fiat on and off-ramp across MoneyGram’s retail platform will happen early […] The post MoneyGram Partners With Circle And Stellar to Launch Cash In And Cash Out Links to USDC first appeared on BitcoinExchangeGuide.