XLM: Pullback in Uptrend
Stellar (XLM) technical analysis:
Trade setup: Following a breakout from a Falling Wedge pattern, price spiked up to $0.19 where it got very overbought (RSI > 75) and traders took profits (selling pressure). Now it’s pulled back to support of $0.12, which could be a swing entry level. Fibonacci retracement levels are $0.12 (78.6%) and $0.13 (61.80%).
Trend: Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.12, then $0.10. The nearest Resistance Zone is $0.13, then $0.19.
Trade setup: Following a breakout from a Falling Wedge pattern, price spiked up to $0.19 where it got very overbought (RSI > 75) and traders took profits (selling pressure). Now it’s pulled back to support of $0.12, which could be a swing entry level. Fibonacci retracement levels are $0.12 (78.6%) and $0.13 (61.80%).
Trend: Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.12, then $0.10. The nearest Resistance Zone is $0.13, then $0.19.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.