THELOGICALINDIAN - XLM could authorize a beginning alltime trading low
Stellar Lumen / USD Short-term amount analysis
Stellar Lumen has a bearish concise outlook, with the cryptocurrency bottomward afterpiece to its best trading low.
The four-hour time anatomy is assuming that XLM / USD brace has performed a bearish blemish from a triangle pattern. The mentioned time anatomy additionally highlights that amount is authoritative bearish lower highs and lower lows.
Technical indicators are bearish on the four-hour time anatomy and abide to affair a advertise signal.
Pattern Watch
Traders should agenda that the XLM / USD brace could abatement a added ten percent according to the downside bump of the triangle arrangement breakout.
Relative Strength Index
The RSI indicator is bearish on the four-hour time frame, although it has accomplished oversold territory.
MACD Indicator
The MACD indicator is bearish on the four-hour time anatomy and is currently breeding a able advertise signal.
Stellar Lumen / USD Medium-term amount analysis
Stellar Lumen has a bearish medium-time outlook, with the XLM / USD brace beneath astringent abstruse burden on the circadian time frame.
The circadian time anatomy shows that a bearish arch and amateur arrangement has been triggered, while the 50-day affective boilerplate has beyond beneath the 200-day affective average.
Technical indicators on the circadian time anatomy abide bearish and abide to affair advertise signals.
Pattern Watch
Traders should watch for an access in bearish drive now that the arch and amateur arrangement has been triggered.
Relative Strength Index
The RSI indicator is bearish on the circadian time anatomy and is now abutting oversold territory.
MACD Indicator
The MACD indicator is bearish on the circadian time anatomy and is currently arising a anemic advertise signal.
Conclusion
Stellar Lumen is advancing beneath accretion downside burden beyond both time anatomy as the technicals for the cryptocurrency abide to worsen.
The bearish patterns on the four-hour and circadian time frames highlight that the XLM / USD brace could eventually abatement to a beginning best trading low.
Check out our coin guide for XLM.
Our analyst aggregation also covered Stellar, alms a abysmal attending into the project.
