Stellar XLM/USD is trading at 0.2426. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend on Stellar. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.2520, from where it is necessary to expect a rebound and an attempt to continue the fall of cryptocurrency with a target near the level of 0.2100.
Stellar forecast & analysis XLM/USD October 4, 2018
An additional signal in favor of the fall in quotes of the XLM/USD cryptocurrency will be a test of the resistance level, as well as a rebound from the lower border of the «Triangle» model. Earlier, a signal of average strength was obtained for sell of Stellar cryptocurrency, due to the crossing of signal lines at the level of 0.2550.
Canceling the option of falling quotes Stellar will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 0.2700 area, which will indicate a change in the downward trend in favor of an upward trend and continued growth. Expect to accelerate the decline in quotations XLM/USD stands with the breakdown of the support area and closing below 0.2350.
Stellar forecast & analysis XLM/USD October 4, 2018 suggests an attempt to develop a correction of cryptocurrency and test level 0.2520, from which we can expect further decline in Stellar with a potential target near the level of 0.2100, cancellation of the fall option will be a strong growth and a breakdown of 0.2700.
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