Stellar Came Into Today Up 0.08%

The Daily View for Stellar

  • At the moment, XLM’s price is up $0 (0.08%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Stellar has now gone up 4 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Stellar. Given that we see an uptrend on the 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 20 daily candle timeframe, so the meaning of the candles may require further exploration.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Stellar’s hourly price chart is shown below.

XLM

The Daily View for Stellar

  • At the time of this writing, XLM’s price is up $0 (0.08%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Of note is that the 20 day changed directions on XLM; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between XLM’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in XLM’s price.

Below is a daily price chart of Stellar.

XLM

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