On 4 days chart priceline of Stellar / US Dollar cryptocurrency has formed a bullish CRAB pattern and entered in potential reversal zone.
RSI is oversold.
MACD is turned weak bearish from strong bearish.
Volume profile of complete pattern is showing less interest cryptocurrency trading at this area.
I have defined targets using Fibonacci sequence:
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Trade Risk: High
EMAs : Bearish
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We are looking at a possible standard triple structure correction which would mean that the correction is likely to be over and we can expect a reversal pattern to the upside very soon.
However, if a WXYXZ pattern starts to form then we will most likely only get a small up move to be rejected at/or slightly below the yellow trend line and then fall...
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First of all, I am not an XLM shill, but I am a fan. Yes, I also have significant (for me anyway) bag. Most of that bag was bought over the last month or so.
The blue box is my already published buy zone - which has been overshot by about 6-7%. This post is just to note the bullish RSI divergence unfolding. Price made a lower low and the RSI...
Our chart last Monday on XLMUSD discussed a weekly trend that is very negative looking:
Regardless of Bitcoins action, XLMUSD will continue to selloff as BTCUSD dominance increases.
In this weeks chart we highlight three key support and resistance prices. Should price decline below $0.072 support it...
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This is my view for XLM - a very promising and undervalued project with several real use cases e.g. as a very quick, and developer friendly ICO platform and as a platform for ultra low-transaction fee (effectively free) international remittances.
My buy-zone is between 0.076 and 0.70 with XLM not dipping below (or much below) the 2019 low set...
Stellar (XLM) is expected to sell off over the coming weeks to new lows.
Stellar is sitting above support at $0.0797 and $0.077 at the bottom edge of the high volume node. Should price fall below there, XLM may trade as low as $0.055.
Should Stellar push to the upside, price will have to cross resistance at $0.083 and $0.0875 before a major move.