- The trading volume of Stellar coin at the time of writing this article is +24%
- The price of XLM/BTC and XLM/ETH at the time of writing this article is 0.000006379 BTC and 0.00009988 ETH
- The price is above the resistance level, and 20MA is crossing the 50MA
LONG TERM VIEW:-
We can see in the daily time interval that the price is above the resistance level, and we can see the bears are pushing the price down as we can see the technical indicators are also showing a bullish trend. If we look at the MACD, we can see that the MACD Line is above the Signal line, meaning the MACD is showing a green histogram; with that being said, there is no sign that the line will change its direction anytime soon. In addition to that, we can see the RSI is in the neutral zone near 60, and with that, having said RSI line is pointing Sideways, which means the bulls and bears are giving a tough fight with each other. Lastly, we can see the 20MA is crossing the 50MA, which is a very bullish signal, and 20MA,50MA,100MA is below the 200MA.
SHORT TERM VIEW:-
In the 4hr time interval, the MACD shows a red histogram as the MACD line is below the signal line, and both lines are very close to each other, and they can intersect each other with a good movement from the bulls or bear. Moreover, we can see the RSI is in the neutral zone near the 59, and the RSI line is pointing towards the overbought area of 70, meaning the bulls are winning the fight against the bears. Lastly, we can see that the 20MA crosses the 50MA, and all the MA is below the 200MA.
CONCLUSION:-
Looking at both the long term and short term, we can see the trend is bullish as the indicators are showing in the daily and 4hr interval. The price is above the resistance and will go bullish as the RSI is in the Neutral zone and can go up with a reasonable volume.
RESISTANCE:-$0.3587,$0.3730
SUPPORT:- $0.3356,$0.3168