Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here




Stellar Price Analysis: XLM/USD Trends of December 6–12, 2018
  • 1 Vote(s) - 1 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
[Image: stellar-xlm-price-analysis-prediction-1.jpg]
The strong demand level of $0.13 was broken downside last week and Stellar price may have its low at the demand level of $0.10 as more strong bearish candles are forming which indicates that bears’ pressure is increasing.

Key Highlights:
  • Stellar price continue its downtrend;
  • the bears were in control of the XLM market;
  • XLM price pulling back is inevitable.

XLM/USD price Long-term Trend: Bearish


Supply levels: $0.13, $0.17, $0.20
Demand levels: $0.10, $0.06 $0.04


[Image: XLM-DAILY-CHART-DEC.6.png]

Stellar is in a bearish trend on the long-term outlook. Stellar price has been on a bearish trend for more than two weeks. It fell from $0.23 price level to $0.13 last week demand level. The crypto consolidated within the range of $0.17 and $0.13 supply level; there was not much significant movement outside this range until December 5, when the bearish Japanese candle formed was strong enough to penetrate the strong demand level of $0.13 and closed below it.

The Stellar price is currently facing another strong demand level of $0.10. There is a tendency for the coin to continue in its bearish movement as XLM price still trading below the 21-day EMA and 50-day EMA. The Stochastic Oscillator period 14 is below 20 level with signal lines well separated facing south indicates that falling of XLM price may continue.


XLM/USD Price Medium-term Trend: Bearish

[Image: XLM-MEDIUM-TERM-DEC.-6.png]

XLM continue in its bearish trend on the medium-term outlook. On the 4-Hour chart, XLM price is in a strong bearish trend as it is falling with little interruption from the bulls. The strong demand level of $0.13 was broken downside last week and Stellar price may have its low at the demand level of $0.10 as more strong bearish candles are forming which indicates that bears’ pressure is increasing.

XLM price is under 21-day EMA and 50-day EMA, the two EMAs are fanned apart with Stochastic Oscillator period 14 below 20 levels pointing down, connotes further selling of XLM price. The trader should be aware that as the Stochastic Oscillator is at the oversold region, a pullback is inevitable.


source coinspeaker.com
by Azeez Musthapa
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Stellar Lumens (XLM) Beats Tron (TRX) Amid Big Announcements By Bitbond And IBM crytocure 1 33 Yesterday, 12:45 PM
Last Post: Mockingbird
  Crypto Market Targets Fresh Highs: Bitcoin Cash, EOS, XLM, TRX Price Analysis crytocure 1 22 Yesterday, 12:43 PM
Last Post: Mockingbird
  XRP and Stellar (XLM) Not Left Behind by ETH and EOS, Gain 8% in 24 Hours crytocure 1 28 Yesterday, 12:41 PM
Last Post: Mockingbird
  IBM Exec Lets Slip Big Partnership Announcement With Stellar crytocure 0 22 Yesterday, 03:16 AM
Last Post: crytocure
  $1 Million: IBM Crypto Chief Sets Massive Bitcoin Price Target crytocure 0 33 22-02-2019, 07:48 AM
Last Post: crytocure
  Stellar (XLM) Price Analysis: More Buyers Ready to Join on Pullback crytocure 0 31 21-02-2019, 04:08 AM
Last Post: crytocure
  Binance Coin [BNB] biggest gainer in the top 10 as Stellar Lumens [XLM] overtakes Tro crytocure 0 29 20-02-2019, 09:06 AM
Last Post: crytocure
  IBM Blockchain Lead Hints at “Special Announcement” Involving Stellar Blockchain crytocure 0 31 19-02-2019, 09:25 AM
Last Post: crytocure
  3 reasons why you should keep Stellar lumens (XLM) on your radar crytocure 0 26 19-02-2019, 09:20 AM
Last Post: crytocure
  Iran’s National Cryptocurrency Could be Based on the Stellar Lumens (XLM) Network crytocure 0 28 19-02-2019, 01:45 AM
Last Post: crytocure



Users browsing this thread: 1 Guest(s)