Stellar (XLM) technical analysis:
Trade setup: After getting rejected 2x at $0.10 resistance, price has finally broken above it, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend with upside potential to $0.13.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
Trade setup: After getting rejected 2x at $0.10 resistance, price has finally broken above it, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend with upside potential to $0.13.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.