Stellar XLM/USD is trading at 0.46. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Stellar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 0.54, from which we should expect a rebound and an attempt to continue the fall with a target near 0.30. An additional signal in favor of the fall of the cryptocurrency will be the formation of the reversal model «Head and Shoulders».
Stellar forecast & analysis XLM/USD on February 2, 2018
Earlier, we received a weak signal for sell of Stellar, due to the crossing of signal lines at 0.58. 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 quotes above the area of 0.60, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XLM/USD is with the breakdown of the «Neckline» and closing below the level of 0.40.
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