Stellar XLM/USD is trading at 0.1211. XLM/USD quotes are trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates a bullish trend on Stellar. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.1185. Where should we expect a rebound and an attempt to continue the fall of cryptocurrency with a goal near the level of 0.1450.
Stellar Forecast and Analysis XLM/USD April 6, 2019
An additional signal in favor of the growth of quotes of the XLM/USD cryptocurrency will be the test of the support level. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for BUY of the Stellar. The signal was formed due to the intersection of signal lines at the level of 0.1030. The nearest resistance area is at 0.1365. The area of support for Stellar is located at 0.1165.
Cancellation of the growth option of quotes Stellar will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.1105. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. Expect to accelerate the growth of quotes XLM/USD stands with the breakdown of the upper boundary of the upward channel and closing above the level of 0.1460.
Stellar Forecast and Analysis XLM/USD April 6, 2019 suggests an attempt to develop a cryptocurrency correction and a test level of 0.1185. Where can we expect to continue the growth rate of Stellar with a potential target near the level of 0.1450. Cancellation option lift will fall and the breakdown of the area of 0.1105. This option will indicate the development of a downward trend with a potential goal at the level of 0.1015.