On long term weekly chart the priceline is still at the support of and every candle stick is appearing smaller than previous candle, that is clear indication that the sellers are getting weaker. The 50 is also working as strong support below the candle sticks and the support of .
The price action of Stellar has broken down all SMAs with the time period of 25, 50, 100 and 200 and now likely to consolidate with 200 . The 50 has formed bear cross with 100 and moving more down to form death cross with 200 .
The priceline of XLM is likely to complete the handle of the pattern. The resistance of the Cup is at $0.067. During the completion of handle we can expect an upward move but after completion a rally to the down side can be started. The price action of XLM also has price level resistance at $0.115.
On the price action is moving in . In indicator new dark moon is appeared above support of channel and new is at the resistance. The is showing less interest of traders from resistance to support of channel and the point of control of is also at a big distance from resistance of channel.
The priceline is having the very strong support of and 50 . The formation of the inverse is also a signal. But we should use the 50 on the weekly chart as a stop-loss because if this will be broken down then another rally to the downside can be started. Even though there is an expected death cross between 50 and 200 SMAs on but the support of 50 may work as stronger support than this signal of death cross.