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Stellar "XLM" Technical Analysis | 22 July 2019

2019-07-22 08:28 am | Resource: Technical Analysis Section | No Views : 78

Stellar Steller (XLM) last week failed to break through areas of resistance at $ 0.0959 and fell to break areas of $ 0.092 and continued to bleed to areas of $ 0.0755.
On Wednesday, the digital currency rebounded from $ 0.0755 and continued to rise as high as $ 0.0975.
Stellar "XLM" Technical Analysis | 22 July 2019
The Stellar (XLM) broke the bullish trend line which supports the bearishness on the 240-minute time frame. Currently, we do not recommend selling but recommend selling in case of a break of $ 0.0888.

Analysis of technical indicators for the digital currency Stellar (XLM):

The index (adx) is not currently relevant.
The simple moving average and the slow moving SMA are currently neutral at the moment due to overlapping price action.
From MACD with the regular setting, it is still bearish so far.

Outlook:

It is expected that, in the event of the Stellar (XLM) break of areas of $ 0.0933, it might target levels of $ 0.1131.
On the other hand, if thecrypto currency is broken the $ 0.0888 levels, It may target the $ 0.0798 level.
Support: 0.0912 - 0.0842- 0.0725
Resistance: 0.0959 - 0.1107 - 0.1228
Trend: Down

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