Stellar Came Into Today Down -0.28%

The Daily View for Stellar

• At the time of this writing, XLM’s price is down $0 (-0.28%) from the day prior.
• This move is a reversal from the day prior, which saw price move up.
• If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
• Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them so that price is now turning below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Stellar’s hourly price chart is shown below.

The Daily View for Stellar

• At the time of this writing, XLM’s price is down $0 (-0.28%) from the day prior.
• This is a reversal of the price action on the previous day, in which price moved up.
• If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
• The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
• Divergence between XLM’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in XLM’s price.

Below is a daily price chart of Stellar.

Featured Stellar Idea From TradingView

Below is a trading comment entitled XLM 20% pump incoming, double bottom, hidden bullish divergence you may find interesting:

XLM/USD current price $0.1467 cents, Short term bullish, Possible long trade.Bullish divergence on RSI Daily chart. Dates Jan 22, 2022, May 12, 2022 XLM holding $0.12 cents with double bottom on the daily confirmed.Next possible support price is $0.14 cents.Stop loss at $0.1390 centsLong trade possibility, buy zone $0.14 cents to $0.15 cents.Sell target (1)$0.1595Sell target (2)$0.1670Sell target (3)$0.1738 COINBASE:XLMUSD

— ezent651