Stellar Lumens has had a stellar performance since October 2020 very much acting like the number 9 player by market cap (taken out USDT, BNB, USDC).
Next steps are to stay out of the Ichimoku cloud and regain the $0.19 resistance to make it a support and then aim for that next resistance at $0.245.
All very much in the realm of this star performer.
Next steps are to stay out of the Ichimoku cloud and regain the $0.19 resistance to make it a support and then aim for that next resistance at $0.245.
All very much in the realm of this star performer.
Note
XLM entered the Keltner channel forming a clear downward trend for now. It looks like it seeks support at 0.125. Apologies for referring to the Keltner Channel above as the Ichimoku cloud. I had both indicators on at the time of analysis and decided to stick on the to the Keltner for reference in the post.Right now XLM is clearly bearish. The current price range does provide some opportunity to average in on XLM. If the weekly close above $0.13 doesn't hold I would wait until there is a clear bounce back up.
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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.