Stellar Lumens $XLM Price Outlook: Neutral to Slightly Bullish
|$XLM Price Change|
I think $3200 is pretty cheap for a Bitcoin.
— The Crypto Dog📈 (@TheCryptoDog) December 16, 2018
The Stellar Lumens weekly trend is down. Twenty-three hours ago $XLM bottomed out at $0.09175. This is the daily and yearly low. Three hours ago Stellar Lumens reached today’s high of $0.10008 USDT. Since then its been seen cycling back down. This microscopic view is contained within the overall down trend in place since the week of November 18 2018, when $XLM crashed from its previous monthly to bi-monthly cyclical pattern – pulled down by bitcoin.
[Trend is "down" when the weekly price movement is predominantly downwards.]
Real Time Market Depth
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
Tap / click to zoom:
Moving Average Convergence Divergence (MACD)
The MACD on the one hour chart is bullish.
Exponential Moving Averages (EMA)
On the one hour chart the short term EMA is riding above the medium term EMA and has done so for over fourteen hours. Historically in the first half of November $XLM performed well above this line. This has not been the case since. The EMA data suggests the micro term price (within the day) will fall.
Relative Strength Index (RSI)
The Relative Strength Index on the chart is 51.9. This is a neutral state.
The one, two, four and six hour charts are all in neutral territory, having recently risen from the oversold state reflected on the twelve hour chart.
Bitcoin Price Modifier
The 24 hour Bitcoin change is 1.43%. This may exert a bullish influence on Stellar Lumens today.
Stellar Lumens $XLM Price Outlook
- the Stellar Lumens $XLM price outlook is neutral to slightly bullish
- if the price finds acceptance at higher levels the immediate resistance prints at .10088
- if the price finds acceptance at lower levels the immediate support prints at .09175
The author does not hold Stellar Lumens $XLM at the time of writing.
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