Stellar Lumens $XLM Price Outlook: Neutral to Bullish

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January 04 2019 06:45 UTC

 

Stellar Lumens has lost -1.61% or -0.00184 USDT in twenty-four hours. In this Friday Edition find $XLM price action, trend, technicals and more. Or jump right to the Stellar Lumens $XLM Price Outlook.

 

Price Action

The price of $XLM has fallen over twenty-four hours. The last price at press time is .11241 USDT. In Binance light volume trading the daily change is -1.61%, or -0.00184 USDT:
$XLM Price Change
period % USDT
24 hours -1.61 -0.00184
7 days -5.39 -0.0064
1 month -24.55 -0.03658

News

Trend

trend is DOWN

The Stellar Lumens weekly trend is down.

[Trend is "down" when the weekly price movement is predominantly downwards.]

Real Time Market Depth

The real time market depth is bullish.

 

[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]

Chart

Tap / click to zoom:

xlm-usdt-binance-one-hour-candles-2019-01-03

 

Remarks

Stellar Lumens picked up the Christmas Rally as many altcoins did. It ran with this up to the 23rd December, peaking at a high of $00.14208 on that day. On the 24th $XLM turned back down, gradually sliding until reaching today’s last price.

The volume is light compared to daily Binance $XLM volume over the last month.

 

Technicals

Moving Average Convergence Divergence (MACD)

The MACD on the one hour chart is bullish. The last four consecutive 1 hour sessions have been bullish.

[MACD is a trend-following momentum indicator]

 

Exponential Moving Averages (EMA)

period average
7 day .11191
25 day .11232
99 day .11319

The short term EMA(7) on the one hour chart is positioned below both the medium and long term EMA. The angle is sloping upwards. This is a bullish state.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

 

Relative Strength Index (RSI)

The Relative Strength Index on the one day chart is 43.3. This is a neutral state.

All of the one, two, four, six, twelve hour and one day RSI are neutral.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

 

Bitcoin $BTC Price Modifier

The 24 hour Bitcoin $BTC change is -1.16%. This may exert a neutral influence on Stellar Lumens today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

 

Stellar Lumens $XLM Price Outlook

neutral to bullish

  • the Stellar Lumens $XLM price outlook is neutral to bullish
  • if the price finds acceptance at higher levels the major resistance prints at .14208 (December 24)
  • if the price finds acceptance at lower levels the major support prints at .10856 (December 31)
Resistance levels: .14208 (December 24) .116 .119

Support levels: .10856 (December 31) .110 .109

 

Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis duration.

 

Analysis Duration: six hours

This report is for a short term duration of six hours. Analysis is time sensitive.

[Analysis duration yields a “best before date”, calculated from report generation at January 04 2019 06:45 UTC.]

 

Disclosure

The author does not hold Stellar Lumens $XLM at the time of writing.

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