Stellar forecast & analysis XLM/USD on January 15, 2018


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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.

Stellar forecast & analysis XLM/USD on January 15, 2018

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.


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