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Stellar "XLM" Technical Analysis | 2 August 2019

2019-08-02 10:26 am | Resource: Technical Analysis Section | No Views : 56

Stellar Stellar (XLM) (Stellar) failed to break through areas of resistance at 0.09127 $ due to poor bulls' weakness and weak demand, breaking $ 0.0842.
The digital currency continued to decline as far as $ 0.0807 from which it rebounded to fail to breach $ 0.0842 resistance zones and so far has failed to break through these areas.
 
The digital currency Stellar (XLM), our neutral view at the moment on the 240-minute interval due to weak trading around $ 0.0842 areas without taking a specific direction.

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

The index (adx) our neutral view of trading result below 20 points areas.
The simple moving average and the slow moving SMA are neutral because they are not traded in a specific direction.
The MACD indicator is neutral at the moment due to non-trading in a specific direction.

Outlook:

It is expected that, in the event of a Stellar (XLM) break of the area of $ 0.0893, digital currency may target levels of $ 0.1047.
While in the case of a digital currency break of levels of $ 0.0808, Stellar (XLM) might target the level of $ 0.0756.
Support: 0.0725- 0.07- 0.0650
Resistance: 0.0842- 0.0912 - 0.0959
Trend: neutral

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