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  • 24h Vol: $182814289665.08

XLM Daily Analysis: Trading Dangerously

XLM, Stellar Lumens, the World’s Fourth Largest Alt-coin is currently trading in a dangerous position.

What do the charts show us? 

Bullish

  • A re-test of $0.124 with a breakout from that area would see XLM re-test the previous trading range of last week at $0.129 – seeing 10% gains during the course of the week.

Bearish

  • A fall from $0.11966 would see a XLM wipe 10% from the value during the course of the week as it falls back to the bottom at $0.10 seeking to find a double bottom.
  • Indicators on the higher time frames illustrate that XLM is going to see a dump and following its brief pump at the end of last week it is OVERSOLD by all accounts.
  • Market sentiment is decreasing hour on hour.
  • Accumulation has been decreasing hour on hour.

Nouvive Says: During the course of the week, XLM is more than likely to go back to $0.10 to find a double bottom there before deciding on what next to do.

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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.

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