* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
Although XLM is trading at such lucrative price, it finds it difficult to move up. $0.30 level should be watched carefully. Since if it's broken down, XLM may fall to $0.25 or even lower.
On the way up, Stellar has many hurdles to go through. Firstly, the 20-day EMA then the downtrend. Lastly, the 50-day SMA. We believe that traders will face resistance from these zones.
We will be bullish only when XLM succeed to clear all these hurdles.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
Although XLM is trading at such lucrative price, it finds it difficult to move up. $0.30 level should be watched carefully. Since if it's broken down, XLM may fall to $0.25 or even lower.
On the way up, Stellar has many hurdles to go through. Firstly, the 20-day EMA then the downtrend. Lastly, the 50-day SMA. We believe that traders will face resistance from these zones.
We will be bullish only when XLM succeed to clear all these hurdles.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
