Technical Signs Suggest XLM’s Uptrend May Be Stalling

The Daily View for Stellar

  • Currently, XLM’s price is up $0 (0.08%) from the day prior.
  • Stellar has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • 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 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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 moment, XLM’s price is up $0.01 (1.96%) from the day prior.
  • The daily chart shows that Stellar has seen 2 straight up days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • 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 alert: Trend in XLM’s price and its RSI are diverging. XLM’s price is rising faster than its RSI.

Below is a daily price chart of Stellar.

XLM

Featured Stellar Idea From TradingView

Below is a trading comment entitled XLM the sweetest option you may find interesting:

XLMSo if we are doing this mid October 17 fractal area idea and move it over to XLM it looks like this. And funnily enough it looks pretty bloody similar overall.If ol Jed pulls this one off. Sheesh. I wouldnt underestimate …

Crypto-Quantum-Fox