Stellar XLM/USD is trading at 0.2492. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend on Stellar. A test of the Ichimoku Kinko Hyo signal lines is expected near the level of 0.2420. Where can we expect a rebound and an attempt to continue the growth of cryptocurrency with a goal near the level of 0.2650.
Stellar forecast & analysis XLM/USD November 5, 2018
An additional signal in favor of the growth of quotes of the cryptocurrency XLM/USD will be a test of the support level, as well as a rebound from the upper limit of the downward channel. Previously, a strong signal was received for BUY the Stellar cryptocurrency, due to the intersection of signal lines at the level of 0.2550.
Cancellation of the growth option of Stellar quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with quotes closing below 0.2280, which will indicate a change in the upward trend in favor of the upward trend and a further decline. Expect to accelerate the growth of quotes XLM/USD stands with the breakdown of the resistance area and closing above 0.2550.
Stellar forecast & analysis XLM/USD November 5, 2018 suggests an attempt to develop a correction of the cryptocurrency and the test level of 0.2420, from which one can expect the growth of the Stellar rate to continue with a potential target near the level of 0.2650. Cancellation of the growth option will be the fall and the breakdown of the 0.2280 area.