STELLAR (XLM) Daily Price Forecast – January 29

2019-1-29 17:33

 

XLM/USD Medium-term Trend: Bearish

Supply zone: $0.2000, $0.2500, $0.3000
Demand zone: $0.0700, $0.0500, $0.0300

XLM continues in a bearish trend in its medium-term outlook. The strong bearish pressure was sustained at the beginning of the new week with the cryptocurrency down to $0.08500 in the demand area. Minor pullback occurred as price rose to $0.08874 as the session ended yesterday.

The 4-hour opening candle was bearish at $0.08740 which signaled the return of the bears to continue the downward movement. XLMUSD dropped to $0.08200 in the demand area.
Price is below the two EMAs and within the 23.6 fibs.

A pullback may occur which is necessary before the bears stage another comeback. This is confirmed by the stochastic oscillator in the oversold region at 10% in the medium-term.

XLM/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The cryptocurrency kept making lower lows and lower highs each day from 27th January. The low of yesterday session was $0.08500 in the demand area.

Todays 1-hour opening session is an inverted bearish doji an indication of strong bearish pressure in the short-term. XLMUSD was down to $0.08200 before the current flag formation.

The bearish momentum remains strong and may return after exhaustion of the upward momentum.

 

 

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Stellar (XLM) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1016
Капитализация $0 Rank 99999
Цена в час новости $ 0.0832628 (-100%)

bearish xlm trend demand medium-term zone price

Источник: bitcoinexchangeguide.com

bearish xlm → Результатов: 59


дальше еще 10 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Stellar (XLM) Price Could Crash 50% If This Happen

The Stellar (XLM) price readings from long- and short-term time frames are in alignment and indicate that another final drop is expected prior to a bullish trend reversal. The post Stellar (XLM) Price Could Crash 50% If This Happen appeared first on BeInCrypto.

Why CHZ, RVN, LDO, XLM And ATOM Are Dropping Like Flies

Be[in]Crypto takes a look at the five cryptocurrencies that dumped the most last week, more specifically, from Sept. 23 to Sept. 30. The post Why CHZ, RVN, LDO, XLM And ATOM Are Dropping Like Flies appeared first on BeInCrypto.

MoneyGram Partners With Circle And Stellar to Launch Cash In And Cash Out Links to USDC

Cross-border payments giant MoneyGram is now working with the Stellar network for instant money transfers using the USDC stablecoin. The companies announced on Monday that they would start the pilot in the fourth quarter of this year, and a gradual rollout of enabling USDC fiat on and off-ramp across MoneyGram’s retail platform will happen early […] The post MoneyGram Partners With Circle And Stellar to Launch Cash In And Cash Out Links to USDC first appeared on BitcoinExchangeGuide.