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 …
For the graphic in the frame H4
- 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
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
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.