Stellar Lumens (XLM) Forum with if you love Stellar Lumens please takeover this forum email =cs@frasindo.com




Stellar (XLM) Price Analysis (February 16)
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
[Image: Binance-Discontinues-XLM-Staking-Support...ol-v12.jpg]
Stellar (XLM) Price Analysis (February 16)

• The price of Stellar is likely to encounter a price breakout soon.
• Buyers are in the dominance of the market.



XLM/USD Medium-term Trend: Bullish

• Resistance levels : $0.090000, $0.090500, $0.090800
• Support levels: $0.040000, $0.035000 $0.033000


[Image: XLM-MED-TERM-CHRT.png]

The cryptocurrency is in a bullish trend zone in its medium-term outlook.

The bears sustain pressure at $0.078821 coupled with a doji candle in the support area that opens today’s session.

XLMUSD drops initially to $0.076618 in the support area. The crypto’s price is above the two EMAs trading at $0.076618 price level, which indicates that price is in the bullish trend zone.

Hence, the stochastic oscillator signal pointing down at around level 72% implies the momentum in price of the coin is likely to encounter a change in the medium-term.


XLM/USD Short-term Trend: Bullish

[Image: XLM-SHORT-TERM-CHRT.png]

The bullish 4-hour opening candle today $0.078821 at the resistance area sustains the bullish momentum with price up at $0.081543 in the resistance area but closes with a wick indicating exhaustion, hence the drop in price to $0.079034 in the support area by the brief bears' pressure.

XLMUSD further drops to $0.077466 in the support area. Price above the two EMAs which are fanned apart. This suggests strength in the context of the trend and in this case the uptrend.

The stochastic oscillator is in the oversold region with a signal pointing down at 29%, an indication of a likely change in the trend of the crypto in the days ahead in the short-term.





source https://bitcoinexchangeguide.com/stellar...bruary-16/
by Ben Jordan
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Stellar (XLM) Releases Horizon 1.0. What makes it a Major Release? Details crytocure 0 313 25-02-2020, 12:13 PM
Last Post: crytocure
  Stellar-Based Ecosystem BRIDGE Releases All-In-One Trading Solution crytocure 0 297 25-02-2020, 12:08 PM
Last Post: crytocure
  Stellar(XLM) Price Rally Toward $3 Predicted by 'Five-Year Ascending Channel': Trader crytocure 0 319 24-02-2020, 02:15 PM
Last Post: crytocure
  Stellar (XLM) Exhibits Bearish Crossover on the Hourly Chart crytocure 0 306 24-02-2020, 11:25 AM
Last Post: crytocure
  Stellar Lumens (XLM) Will work with the United States to make Blockchain Thrive in crytocure 0 280 21-02-2020, 08:10 AM
Last Post: crytocure
  Stellar (XLM) Corrects Down Below $0.070 mark in 7-days crytocure 0 283 20-02-2020, 02:23 PM
Last Post: crytocure
  Stellar Awaits “Golden Crossover” on a Daily Chart; Gains Over 9% crytocure 0 314 19-02-2020, 11:21 AM
Last Post: crytocure
  Stellar joins Blockchain Association for mainstream adoption crytocure 0 300 19-02-2020, 11:03 AM
Last Post: crytocure
  Stellar’s Jed McCaleb Says His XRP Sell-Off Won’t Disrupt Crypto Market crytocure 0 262 19-02-2020, 10:56 AM
Last Post: crytocure
  Stellar (XLM) Registers 17% Hike in the Last 30 Days crytocure 0 339 18-02-2020, 01:58 PM
Last Post: crytocure



Users browsing this thread: 1 Guest(s)