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quantguy
Feb 16, 2018 12:41 PM

Stellar Lumens Pauses Long

Stellar Lumens / US DollarBittrex

Description

Stellar Lumens has briefly pulled back from relative highs of $0.47, currently facing resistance over the past few days at the central moving average of the KRI at $0.43. This appears to be a significant sticking point for XLM. If we retrace, we'll see support from $0.40, the upper bound of the range we saw several days ago, then from the lower bound at $0.35. If we can continue the breakout from the $0.43 level, then we will face resistance from congestion at $0.47, but after that there is a vacuum zone from above until $0.65.
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