Stellar XLM/USD completes the trading week near the 0.60 area. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Stellar. Ichimoku Kinko Hyo is expected to test the area near the 0.58 level, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target at 0.85. An additional signal for the growth of the cryptocurrency is the formation of the reversal model, the inverted «Head and Shoulders».
Stellar (XLM/USD) forecast January 29 — February 2, 2018
Earlier, we received a weak signal for sell of Stellar, due to the crossing of signal lines at 0.55. Cancellation of the growth option Stellar will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 0.47, which indicates the change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations XLM/USD stands with a breakdown of 0.70.
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