In this XLM/USDT technical analysis, we'll explore the key factors supporting a potential bullish bounce for Stellar Lumens (XLM) against the US Dollar (USDT).
Buying/Support Area - 0.1300:
The XLM/USDT pair has established a robust buying/support area at the 0.1300 level. This level has historically acted as a foundation, limiting downside movement and...
Technical analysis:
. STELLAR/BITCOIN is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000064 to 0.000005). if so, traders can set orders based on Price...
Technical analysis:
. STELLAR/BITCOIN is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000064 to 0.000005). if so, traders can set orders based on Price...
Technical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
Technical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of...
STELLAR/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (0.000037), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price...
