And so, the Stellar trend was the least affected by Bitcoin dominance, and continue the upward trend while other coins were in a free fall. This uptrend is not very fast as we want but there are all chances to reach ATH in the near future.
So what we have at the card?
The MACD: Maybe it can be the Bull Trap, or May be it can be the bullish crossover. In the second case we will see continue rising in the price slowly without spices, if it's the bull trap we'll have a long downtrend ahead.
The RSI > 50, nothing to say more.
The EMA lines. The 7EMA support line is continue its uptrend, then the next support line is 30EMA @3.3k and the 100EMA @2.2k.
Conclusion: Anyway, the trend is definitely bullish, so if the next week shows the signs of weakness we must give serious thought about near future of the XLM price.
ENTER: No Idea.
PT: No Idea.
GL Traders.
So what we have at the card?
The MACD: Maybe it can be the Bull Trap, or May be it can be the bullish crossover. In the second case we will see continue rising in the price slowly without spices, if it's the bull trap we'll have a long downtrend ahead.
The RSI > 50, nothing to say more.
The EMA lines. The 7EMA support line is continue its uptrend, then the next support line is 30EMA @3.3k and the 100EMA @2.2k.
Conclusion: Anyway, the trend is definitely bullish, so if the next week shows the signs of weakness we must give serious thought about near future of the XLM price.
ENTER: No Idea.
PT: No Idea.
GL Traders.