Stellar XLM/USD is trading at the level of 0.19. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Stellar. The test is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 0.20, from which we should expect a rebound and an attempt to continue the fall with a target near 0.15.
Stellar forecast & analysis XLM/USD April 7, 2018
In favor of falling quotations of cryptocurrency, a resistance level test will perform. Earlier, we received a weak signal for sell of Stellar, due to the crossing of signal lines at 0.21.
Cancellation of the variant of falling of quotations Stellar will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 0.22, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes XLM/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 0.16.
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