XLM: Pullback in UptrendStellar (XLM) technical analysis:
Trade setup : Following a breakout from a Falling Wedge pattern, price spiked up to $0.19 where it got very overbought (RSI > 75) and traders took profits (selling pressure). Now it’s pulled back to support of $0.12 and is oversold (RSI ~ 30), which could be a swing entry level.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.130, which it broke, then $0.120, and $0.100. The nearest Resistance Zone is $0.190.
Stellartether
💡Don't miss the great buy opportunity in XLMUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.26000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Stellar/TetherUS is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 0.33100
TP2= @ 0.37600
TP3= @ 0.41000
TP4= @ 0.44600
TP5= @ 0.49660
TP6= @ 0.56070
SL= Break below S2
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💡Don't miss the great buy opportunity in XLMUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.26000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Stellar/TetherUS is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 0.33100
TP2= @ 0.37600
TP3= @ 0.41000
TP4= @ 0.44600
TP5= @ 0.49660
TP6= @ 0.56070
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Stellar [XLM/USDT] on July 9 (#XLM #XLMUSDT)XLM is no longer in a good position to buy anymore and has reached resistance level at 0.085-0.089$. We expect it to return to the lower zone of 0.058-0.063$, even further than 0.045-0.05$ and will consider buying.
In case the price doesn't return, we will wait for it to break the 0.09$ resistance level, the target is 0.15-0.16$