Stellar (XLM) Price Near $0.09 After Going Down $0.00 in Past Hour
Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 14 and 30 day timeframes.
Stellar
(Last Updated October 21, 2020)
Welcome to the news page for Stellar (XLM). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
A trend/countertrend situation exists on XLM, in which an uptrend exists on shorter timeframes but a downtrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.
XLM Moving Averages
XLM’s moving averages tell a multi-facted story about its trend. The 20 and 200 day averages suggest a bullish trend, as they are pointing upwards, while the 50 and 100 day averages are pointing downward, suggesting a bearish trend on those timeframes.
The chart below illustrates.
The View From the Weekly Timeframe
At the time of this writing, XLM’s price is down $0 (-0.91%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. 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 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows XLM’s price action over the past year.
Stellar (XLM) Closes Last Hour Up $0.00, Now Sits at $0.08
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Stellar (XLM) Closes Last Hour Down $0.00, Now Sits at $0.08
As for how volume fared, yesterday’s volume was up 148.33% from the previous day (sunday), and up 279.59% from monday of the week before.
Stellar (XLM) Price Near $0.08; 2 Day Up Streak Snapped
The change in price came along side change in volume that was down 64.42% from previous day, but up 92.38% from the sunday of last week.
Stellar (XLM) Price Near $0.08; in an Uptrend Over Past 14 Days
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Stellar (XLM) Closes Prior Hour Down -0.48%; 2 Day Up Streak Snapped, But Still in an Uptrend Over Past 14 Days
The change in price came along side change in volume that was down 64.42% from previous day, but up 92.38% from the sunday of last week.
Stellar (XLM) Closes Last Hour Up $0.00; Moves Up For the 2nd Consecutive Day, But Still in a Downtrend Over Past 90 Days
It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe.
Stellar (XLM) Closes Last Hour Up $0.00; Heads Up For the 2nd Consecutive Day
Price action traders may also wish to note that we see a doji candlestick pattern on xlm.
Stellar (XLM) Price Near $0.08; Makes Big Move Relative to Two Week Trend, 3 Day Down Streak Broken, Crosses 50 and 200 Day Moving Averages
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up.
Stellar (XLM) Price Near $0.07; Heads Down For the 3rd Consecutive Day, in a Downtrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart
The change in price came along side change in volume that was up 22.74% from previous day, but down 2% from the thursday of last week.