BITTREX:XLMUSD   Lumen / US Dollar (calculated by TradingView)

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

As we predicted in our last analysis, Stellar fell to $0.15 level yesterday and bounced back quickly to hit $0.25 level today. Now, it will face slight resistance from $0.25 level but the more important one is the trendline and the 20-day EMA . If the bulls succeed to clear these levels a move to 50-day SMA is expected.

On the other hand, we need a bottom confirmation for any buy set-up. This happens when $0.15 level holds any next fall.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

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