Stellar (XLM) coin price is in an uptrend with a pullback from its healthy support level of $0.2315. The price is below 50 days, EMA and above 200 days, EMA. One can further expect a bullish trend if it sustains above the EMA; the price can move towards the resistance level of $0.2834.
Resistance: $0.2834
Support: $0.2315
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XLMUSD 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....
XLM Already broke out 900 sat on XLM/BTC on 4h timeframe , XLM/USD if closes above 0.07 on daily today , then it would break the descending rendline average signalling a fresh test of resistance $ 0.086 USD
Hi all
Good day! In my previous post , I described about Ripple Long Term Bull Run.
In this post, I will explain the short term price action on observing a famous chart pattern called "Inverse Head & Shoulders Pattern" which is a bullish pattern.
As you can see in the chart, the head and shoulders top is used to predict reversals in downtrends. This pattern is...