Stellar Snaps a 3 Day Down Streak

The Daily View for Stellar

  • Currently, XLM’s price is up $0 (0.18%) from the day prior.
  • Stellar has seen its price go up 9 out of the past 10 days, thus creating some compelling opportunities for bulls.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up 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 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Of note is that the 100 day changed directions on XLM; it is now pointing up. 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 $0.01 (2.31%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Of note is that the 20 day changed directions on XLM; it is now pointing up. 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