The stars (XLM) turns into a climb with the key to the “Buy” key index – here’s the next goal
Ali, an encryption analyst, shared an important update about Stellar (XLM). according to onand “$ XLM can prepare for apostasy, because the TD sequence index, a purchase signal on the hourly chart. One to watch closely!”
The candle scheme appears every hour for Stellar against Tether some interesting developments. At the time of the graph, XLM was trading at a price of about $ 0.27818, with a 1.13 % increase over the previous candle.
The TD Sequential “9” display on the graph, which is usually considered a purchase signal. This technical indicator is designed to determine the exhaustion of the potential trend and reflection points. When we see such a number 9, it often indicates that the declining trend may lose momentum, and we can see a bounce or the opposite soon.
Looking at the candles patterns, the previous trend was clearly down with successive black candles. However, the latest activity shows signs of a possible reflection. We can see a large black candle, which is likely to represent a final boost down, followed by a white emerging candle indicating that buyers enter.
For traders who monitor support and resistance levels, the last minimum can be about $ 0.2739 as support. The following resistance levels, which must be monitored, are approaching $ 0.2800 and above, about 0.2830-0.2850 dollars based on the previous price procedure.
The daily chart provides a wider context
When we minimize the daily scheme, we can see XLM in a more interesting position. There is clear The direction is going down Delivery of its highest levels since the November 2024 summit, when XLM reached about $ 0.63. This trend was a resistance several times.
At the same time, there is a strong horizontal support zone between about $ 0.26 and $ 0.275, which has been tested several times since January. Currently, the price hovers over this support area at about $ 0.277, trying to form a base.
This position shows that XLM is integrated within the tightening range. It is pressed from the top by the descending trend line while it is supported from the bottom by the horizontal demand area. If the price turns strongly, the main goal is the descending trend line.
Also read: Can Ripple Ethereum really go beyond? The analyst weighs the XRP path to $ 100
However, traders should realize that the collapse of less than $ 0.26 will nullify this support and may lead to a declining scenario. If the price fails to apostasy and collapse from the support area, we may see a sharp decrease, perhaps about $ 0.24 or less, which is the next non -laboratory support from November 2024.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
