• Cryptocurrencies: 2118
  • Markets: 16489
  • Market Cap: $139173204609.87
  • 24h Vol: $34838409650.334

XLM: Fundamental News will see a 90% Return

News is constantly being released on the wire that XLM or Stellar has released 500 Million XLM tokens to holders of the BlockChain Wallet. The potential of a Coinbase listing next Thursday and on the 1st of December 2018, the Lightning Network launch. Nouvive & Nouvive Research anticipates this will cause a 90% Spike

What does the Technical Analysis show?

  • On the higher time frames, XLM was rejected at the $0.272 line, aiming to fall just above the 15MA and resting on the 0.618 Fibonacci line which is $0.24.
  • Accumulation has spiked since the beginning of November with Volume increasing to match this.
  • Over the past several days, it appears that Volume has gradually decreasing indicating that a large move will occur shortly. Nouvive anticipates that this will be for a large move upwards – potentially to the $0.30 line.
  • On the lower time frames, XLM appears to be refusing to dip below the 15MA line – indicating that perhaps we will not see $0.24.
  • Accumulation over the past several hours have increasingly spiked up, indicating that more individuals are aiming to get into the trade.
  • RSI Stochastic on the higher time frames are OVERSOLD and in the process of crossing over illustrating a BUY Signal 

What Levels should I look for? 

  • To Buy: $0.24
  • Realistically $0.24 will not hit as a result of the bullish behaviour on the lower time frames, the current price at $0.25 looks like a perfect level to enter.
  • First Resistance is $0.272
  • Second resistance is $0.30
  • Third resistance is $0.46

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

Show Your Views:
  •  (1)
  •  (0)
  •  (1)
  •  (0)

ViFeed Indicators

Bitcoin (BTC)
73.00 RSI
Ethereum (ETH)
59.00 RSI
53.00 RSI
Litecoin (LTC)
60.00 RSI
41.00 RSI
Bitcoin Cash (BCH)
59.00 RSI
Binance Coin (BNB)
51.00 RSI
Stellar (XLM)
54.00 RSI
Tether (USDT)
7.00 RSI
46.00 RSI
Whats Your Bias this Week?