Stellar XLM/USD is trading at the level of 0.2575. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Stellar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.2520 level, from which it is expected to rebound and try to continue the growth of the cryptocurrency with the target near the level of 0.3000.
Stellar forecast & analysis XLM/USD October 1, 2018
An additional signal in favor of the growth of the XLM/USD cryptocurrency quotes will be a support level test, as well as a rebound from the lower bound of the «Triangle» model. Earlier, a signal of average strength was obtained for buy of Stellar cryptocurrency, due to the crossing of signal lines at the level of 0.2550.
Cancellation of the variant of growth of quotations Stellar will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 0.2400, which indicates the change of the lateral trend in favor of a downward trend and the continuation of the fall. Expect to see the growth of XLM/USD quotations standing with the breakdown of the upper limit of the «Triangle» model and closing above the level of 0.2650.
Stellar forecast & analysis XLM/USD October 1, 2018 suggests an attempt to develop correction of the crypto currency and the test level of 0.2520, from which it is expected to continue the growth of the Stellar exchange rate with a potential target near the level of 0.3000, the abolition of the growth option will come down and the breakdown of the area of 0.2400.
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