Xlmusdtechnicalanalysis
STELLAR (XLM) the only COIN with real POTENTIAL ?XLM is looking very different compared to the other coins. While BTC and Co. have dropped by an average of over 5% per day in the past few weeks, XLM is one of the only that is positive.
XLMUSD to test Resistance from May-2018 (Medium Risk) >300 pipsStellar has tested successfully the Support from May 2018 and bounced back up. Give the downwards trend of all Cryptos including BTC, it is likely to see another test of the line and maybe a breakthrough. However, Cryptos are very dependent on news, therefore any good news may take over the normal course of the Trend Analysis and bounce up again.
Moreover, the two semicircles colored in yellow show an interesting pattern evolving with periodical touches of the line. However, this pattern is coming to an end soon and we will se in which direction it will boom, but its for sure that when it comes out of it it will set a direction for some weeks.
Let me know if you like the idea and maybe have some comments too.
Medium term projection: short, then bounce to 0.5 FiboThe price is on a crystal clear 4H Channel Down which is now pricing a Lower High (RSI = 45.400, Highs/Lows = 0, B/BP = -0.0080). Based on the Fibonacci retracement levels of the previous Channel Down, XLM should make a Lower Low on this Channel near 0.21539646 (which is our TP). After that it should rebound to the 0.50 Fibonacci (0.29077738), before possibly a new Channel Down.
(Sell Stellar Lumens) XLMUSD Technical Analysis for May 7, 2018Hello Traders,
Clear rejection of higher highs at 50 cents. Because of that stochastic sell signal and a break below the middle BB, we might see prices going lower and as such 30 cents is our ideal bear target before prices recover and edge towards 70 cents.
(Buy) Stellar Lumens (XLMUSD) Technical Analysis for April 19Hello Traders,
The daily chart provides a perfect glimpse of Stellar Lumens price action and as you can see, XLM buyers are on top.
Regardless of this strong Stellar buy pressure, proponents are yet to cash out and as long as stochastics remain bullish, that target-$0.40-might be tested today. After $0.40, early buyers can look move their stops to break even and wait for $0.5 if need be.
I originally published this article at NewsBTC under Dalmas Ngetich
