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Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: sneakyboi on November 16, 2020, 07:22:02 PM

Title: Stellar Lumens Price Analysis: 16 November
Post by: sneakyboi on November 16, 2020, 07:22:02 PM

Stellar Lumens Price Analysis: 16 November

Stellar Lumens saw traders take-profit upon a push past the resistance level.

Stellar Lumens formed a symmetrical triangle pattern (white), broke out strongly to the upside, and pushed past its resistance level at $0.082.

However, XLM was unable to flip the level of resistance to support and the price was pushed back towards the support at $0.079.

The RSI also fell under 50 to denote a switch to bearish momentum on the charts. In fact, the past few weeks have seen XLM post sudden surges, then retrace most of the move, before surging north again.

(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/11/16111813/PA-1-XLMUSD.png)
Source: XLM/USD on TradingView

Learn more about the analysis here. (https://eng.ambcrypto.com/stellar-lumens-bitcoin-gold-ftx-token-price-analysis-16-november/)

Title: Re: Stellar Lumens Price Analysis: 16 November
Post by: trendcoin on November 16, 2020, 11:15:16 PM

markets are in a critical place. I think bitcoin is tired now. There will be a decline in price movements, exactly at these levels... However, there is an important issue to be considered here; Where will bitcoin dominance move? that's what will untie the whole knot! where the dominance will move; to usdt or altcoins?? If a movement towards altcoins starts, the stellar gets its share. thank you for sharing.