Stellar (XLM) - November 14

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We must see if we can ascend above the 0.097627 point.
If it falls at 0.07900742, it is a short-term Stop Loss.

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(Binance XLMUSDT 1D Chart)

We have to see if we can ascend above the critical point of 0.08886.
If it falls at 0.07825, it is a short-term Stop Loss.

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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)

Comment:

The Bittrex XLMUSD chart has lost its old data, so I will explain it with the Binance Exchange chart.

(1M chart)

The important points on the 1M chart are 0.07450, 0.10896, and 0.15973.

(1W chart)

It is rising while touching the 0.07450 point.

We need to see if it can rise along the uptrend line (2).
This is because the wRSI_SR indicator on the 1W chart is preparing to decline in the overbought period.

Selling volumes are starting to come out more than buys.
This can be simply confirmed by the downtrend displayed on the Volume indicator.

To change this short-term downtrend, you need to get support at the uptrend line (2)-0.08074.

If the selling volume increases and the price rises, I think it is better to defend the price because it can accelerate the price decline.

(1D chart)

It climbs while supporting the 0.07825 point and is testing the support at 0.08074.

Unlike the 1W chart, the wRSI_SR indicator on the 1D chart is attempting to break through the downtrend line in order to rise.
For this, it is important to get support at the 0.08074 point.

As the BTC price is currently declining, I think we are undergoing price adjustments together.

The volume is decreasing.
If the volume is in a decreasing trend like this, there is a limit to a higher rise even if the price rises.
This is because in August it rose and fell by more than 0.10896 points, so those who couldn't get out of the peak are waiting for the price to rise.

Accordingly, if BTC price subsides at its current location, XLM is likely to touch 0.08886 points.
The 0.08886 point is about the midpoint of the 0.07450 point and the 0.10896 point, which is an important point.

When the price rises above 0.08886 point, you should see the flow of the coin market, but other altcoins are expected to rise as well.
As a result, there is a possibility that those who did not get out of the highs will start selling to switch to other coins.

To prevent this, I think it is necessary to rise above 0.09678 point by breaking above 0.08886 point with a surge.
If this happens, the number of purchases is expected to increase as there will be expectations that even those who have not reached the peak will be able to sell with profits.

However, as mentioned above, the current volume is on the decline.

Therefore, the current XLM is expected to show a calm flow before very good news.

Comment:

(XLMUSD 1D chart)

You should watch for any movement that deviates from the 0.09762700-0.11862195 section.

(Binance XLMUSDT 1D Chart)

We must see if we can break above the volume profile point of 0.10896.
If it falls at 0.10085, it is a short-term Stop Loss.