Stellar XLM/USD is trading at the level of 0.62. 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 0.63, from which we should expect a rebound and an attempt to continue the fall with a target near 0.55.
Stellar forecast & analysis XLM/USD on January 15, 2018
Earlier, a strong signal was received for buy of Stellar cryptocurrency, due to the crossing of signal lines at 0.55. Cancellation of the variant of falling of quotations Stellar will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 0.72, 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 a breakdown of 0.40.
Near the 0.50 area, you should expect the completion of the «Head and Shoulders» reversal pattern. Where can we expect a rebound and an attempt to continue growth with a target above 1.00. Canceling the formation of the reversal model will be a breakdown of vigilance 0.40.