STELLAR Price Analysis – May 18
In case the bears are able to push the price below the support level of $0.13 and the daily candle closes below it, then, Stellar price may reduce to the previous low of $0.11 levels and may extend to $0.08. When the buyers defend the support level of $0.13, price may commence its bullish trend towards the resistance levels of $0.16, $0.20, and $0.23.
XLM/USD Market
Key Levels:
Resistance levels: $0.16, $0.20, $0.23
Support levels: $0.13, $0.11, $0.08
XLM/USD Long-term Trend: Bearish
Stellar is bearish on the daily chart. Two weeks ago, the buyers lost momentum at the resistance level of $0.23. The bears took over the market with the formation of big daily bearish candle which engulfs the previous candles. The price declines and broke down the support levels of $0.20 and $0.16. It moved down and tested the support level of $0.11. Increase in the bulls’ pressure is pulling back the price.
Stellar has broken down the dynamic support levels. Stellar is trading below the 9 periods EMA and 21 periods EMA at close contact. In case the bears are able to push the price below the support level of $0.13 and the daily candle closes below it, then, Stellar price may reduce to the previous low of $0.11 levels and may extend to $0.08. When the buyers defend the support level of $0.13, price may commence its bullish trend towards the resistance levels of $0.16, $0.20, and $0.23.
XLM/USD Medium-term Trend: Bearish
Stellar is on the bearish movement in the 4-hour chart. The crypto is on the ranging movement at the moment. It declined under the force of the sellers to the support level of $0.11. A pin bar candle pattern formed at the level triggered bullish trend. The price is consolidating within $0.16 and $0.13 levels.
Stellar is currently struggling to cross above 9 periods EMA and 21 periods EMA as a sign of bullish market. The Relative Strength Index periods 14 is at 49 levels and the signal line displaying no specific direction.
You can purchase Lucky Block here: Buy LBlock
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
