Stellar Lumens $XLM Price Outlook: Bullish
|$XLM Price Change|
The Stellar Lumens weekly trend is mixed. We saw a strong weekly downtrend terminated by the last two days of a bullish bitcoin market. This precipitated the reversal of the short term fortunes of most altcoins. Instead of a downtrend, we’re now looking at a ‘mixed’ trend.
[Trend is "mixed" when the weekly contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.]
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Moving Average Convergence Divergence (MACD)
The MACD on the thirty minute chart is strongly bullish.
Exponential Moving Averages (EMA)
The short term EMA (one hour chart) has crossed above the medium term EMA and is now poised to also cross the long term EMA, headed north. This is a highly bullish state.
Relative Strength Index (RSI)
The Relative Strength Index on the one hour chart is 53.2. This is a neutral state.
[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]
Bitcoin Price Modifier
The 24 hour Bitcoin change is 5.78%. This may exert a bullish influence on Stellar Lumens today.
Stellar Lumens $XLM Price Outlook
- the Stellar Lumens $XLM price outlook is bullish
- if the price finds acceptance at higher levels the immediate resistance prints at 0.12600
- if the price finds acceptance at lower levels the immediate support prints at 0.12291
The author does not hold Stellar Lumens $XLM at the time of writing.
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