THELOGICALINDIAN - The contempo bearish blemish doesnt advice an already aloof trend subjecting the brace to alike added pressure
XLM / USD Short-term amount analysis
Stellar Lumen has a bearish concise trading bias, with the cryptocurrency now trading beneath its key 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy is assuming that amount is bound abutting the neckline of a arch and amateur pattern, with the bearish arrangement captivation a abundant downside projection.
Technical indicators are bearish on the four-hour time anatomy and highlight that downside affairs burden is accretion over the short-term.
XLM / USD H4 Chart by TradingView
Pattern Watch
Traders should agenda that a abundant beyond arch and amateur arrangement could booty appearance if the XLM / USD brace continues to decline.
Relative Strength Index
The RSI indicator is bearish on the four-hour time frame, although it is abutting oversold territory.
MACD Indicator
The MACD indicator is bearish on the four-hour time anatomy and is currently breeding a able advertise signal.
XLM / USD Medium-term amount analysis
Stellar Lumen has a aloof trading bent over the boilerplate time frame, with the XLM / USD brace still clumsy to move aloft its 200-day affective average.
The early-month assemblage has created a ample astern arch and amateur arrangement on the circadian time frame, with the bullish arrangement still accurate admitting the XLM / USD pair’s contempo decline.
Technical indicators on the circadian time anatomy are axis lower and additionally appearance ambit for added downside.
XLM / USD Daily Chart by TradingView
Pattern Watch
Traders should agenda that the November 22nd swing-high is the all-embracing ambition of the bullish astern arch and amateur arrangement on the circadian time frame.
Relative Strength Index
The RSI indicator has angry bearish on the circadian time anatomy and shows ambit for added losses.
MACD Indicator
The MACD indicator is bearish on the circadian time anatomy and is currently breeding a advertise signal.
Conclusion
Stellar Lumen is adverse a able abstruse analysis in the short-term, with the bearish arch and amateur arrangement on the four-hour time creating abundant abstruse affairs pressure.
The XLM / USD brace faces added medium-term losses, unless buyers booty aback ascendancy of amount activity and burn the bullish astern arch and amateur arrangement on the circadian time frame.
Check out our coin guide for XLM.
Our analyst team covered Stellar, alms a abysmal attending into the project.
