XRP fork, Stellar has bottomed at $0.067 from where an uptrend has started, forming an uptrend line that is active to this day and I can see that confirmed by the trend of intradays higher lows and higher highs.
As the previous history suggest, the key resistance is located at $0.084 to $0.086 area with a daily pivot high of $0.088 which has to beaten in order to see a break to $0.10 per one XLM coin.
The price is starting to form an ascending triangle formation which has bias to break to the upside, a break of $0.086 will confirm this outlook. I expect this triangle break to reach 10 cents mark which would result in over 15% increase from the value that is going to confirm this outlook, $0.086.
Bear in mind that a daily candle has to break through that level.
Indicators
One thing I really like a lot are the Exponential moving averages which are currently support the price at level of $0.08 or 8 cent if you will, but I one thing I like even more is the fact that these 20 and 50 EMA’s are about to give XLM a uptrend signal that put XLM in at least 1 month uptrend rally as the fact that EMA’s are so close together at daily time frame is a sign of increased volume in the next days.
MACD buying wave has started just recently after a heavy correction, when the price didn’t manage to break the resistance area the first try.
RSI is trending higher with no negative technical aspects.
So overall XLM bulls are waiting for a break of $0.086 before a strong volume will be seen.
As the previous history suggest, the key resistance is located at $0.084 to $0.086 area with a daily pivot high of $0.088 which has to beaten in order to see a break to $0.10 per one XLM coin.
The price is starting to form an ascending triangle formation which has bias to break to the upside, a break of $0.086 will confirm this outlook. I expect this triangle break to reach 10 cents mark which would result in over 15% increase from the value that is going to confirm this outlook, $0.086.
Bear in mind that a daily candle has to break through that level.
Indicators
One thing I really like a lot are the Exponential moving averages which are currently support the price at level of $0.08 or 8 cent if you will, but I one thing I like even more is the fact that these 20 and 50 EMA’s are about to give XLM a uptrend signal that put XLM in at least 1 month uptrend rally as the fact that EMA’s are so close together at daily time frame is a sign of increased volume in the next days.
MACD buying wave has started just recently after a heavy correction, when the price didn’t manage to break the resistance area the first try.
RSI is trending higher with no negative technical aspects.
So overall XLM bulls are waiting for a break of $0.086 before a strong volume will be seen.
