Stellar Price Analysis,28 April ../Cryptocurrency..

in #cryptocurrency • 6 years ago

XLM.png
Stellar dipped back below the range on April 25 but found strong buying support at the 20-day EMA, which has again propelled it back above the overhead resistance of $0.4..
xlm.png
The next target on the upside is a move to $0.45 and above that to $0.47 levels. The XLM/USD pair is forming a rounding bottom pattern, which will complete on a break out above $0.48. This has a pattern target of $0.78 with minor resistance at $0.63 and $0.66.

If prices fail to breakout above the overhead resistance, we may get a small dip, forming a cup and handle formation.

As these are only possibilities, we shall wait for a clear picture to emerge before proposing any new trades..
source:cointelegraph

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6 years ago in #cryptocurrency by
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