Price Analysis: XLM / USD (Bitfinex)

XLM Price Analysis

Summary:

Stellar (XLM), comes in a strong price drop since the end of July more than 40%, during the month of August it managed to stabilize between the supports indicated in the graph (Support “A” and “B”) and the resistances indicated ( Resistence “A” and “B”), marks an accumulation of prices as indicated in the Dow theory, where we have high probabilities of recovering good prices once these resistances are overcome, however, I have several purchase recommendations …

Investment:

For the graphic in the frame H4

Scalping

  • 1.- BUY to the rebound of the Trend Lines July 2018
  • 2.- BUY Support “A”
  • 3.- BUY Support “B”

All purchases are likely to give a 3% Profit

 

Short-Term

1.- Wait Rupture of the inner Trend lines “A” and Bounce on the Trend Lines July 2018 looking for the Profit ..

  • Target 1 = $ 0.2310
  • Target 2 = $ 0.2400

Medium term

1.- Wait Rupture of the resistence “B” $ 0.2400

  • Target 1 = $ 0.2700

Stop Limit = Calculate at 3% or 4% as Maximum from the point of BUY

The MACD and RSI indicators are stable confirming the accumulation of prices, there is no divergence.

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.