STELLAR - XLM/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	XLMUSD
ISIN:

STELLAR - XLM/USD - Weekly - Technical analysis published on 11/07/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

61%

11%

28%

My opinion

Bullish above 0.092152 USD

My targets

0.154006 USD (+23.36%)

0.211171 USD (+69.15%)

My analysis

The current short-term bullish acceleration on STELLAR - XLM/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.092152 USD. Short-term buyers will use the resistance located at 0.154006 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.211171 USD. Crossing this resistance would then open the door for buyers to target 0.423764 USD. Caution, if there is a return to under 0.092152 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

STELLAR - XLM/USD rating 0.124845 USD. The price is up +1.89% over 5 days and has been traded over the last 5 days between 0.116241 USD and 0.130975 USD. This implies that the 5 day price is +7.40% from its lowest point and -4.68% from its highest point.

0.116241

0.130975

0.124845

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Weekly of this STELLAR - XLM/USD chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Weekly

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.074046	0.124845	0.211171	0.423764	0.655374
Change (%)	-40.69%	-	+69.15%	+239.43%	+424.95%
Change	-0.050799	-	+0.086326	+0.298919	+0.530529
Level	Major	-	Minor	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.116579	0.121017	0.125993	0.130431	0.135407	0.139845	0.144821
Camarilla	0.128380	0.129243	0.130106	0.130969	0.131832	0.132695	0.133558
Woodie	0.116848	0.121152	0.126262	0.130566	0.135676	0.139980	0.145090
Fibonacci	0.121017	0.124613	0.126835	0.130431	0.134027	0.136249	0.139845

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.103531	0.108045	0.115786	0.120300	0.128041	0.132555	0.140296
Camarilla	0.120156	0.121279	0.122403	0.123526	0.124649	0.125773	0.126896
Woodie	0.105144	0.108852	0.117399	0.121107	0.129654	0.133362	0.141909
Fibonacci	0.108045	0.112727	0.115619	0.120300	0.124982	0.127874	0.132555

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.083119	0.092152	0.106748	0.115781	0.130377	0.139410	0.154006
Camarilla	0.114845	0.117011	0.119177	0.121343	0.123509	0.125675	0.127841
Woodie	0.085900	0.093543	0.109529	0.117172	0.133158	0.140801	0.156787
Fibonacci	0.092152	0.101179	0.106755	0.115781	0.124808	0.130384	0.139410

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.29
MACD (12,26,9):	0.0031
Directional Movement:	10.083475
AROON (14):	-14.285714
DEMA (21):	0.121408
Parabolic SAR (0,02-0,02-0,2):	0.167968
Elder Ray (13):	0.010908
Super Trend (3,10):	0.084369
Zig ZAG (10):	0.124569
VORTEX (21):	1.1067
Stochastique (14,3,5):	39.18
TEMA (21):	0.122179
Williams %R (14):	-46.18
Chande Momentum Oscillator (20):	-0.004872
Repulse (5,40,3):	3.5446
ROCnROLL:	1
TRIX (15,9):	0.6807
Courbe Coppock:	14.14

MA7:	0.124241
MA20:	0.117295
MA50:	0.113179
MA100:	0.120585
MAexp7:	0.118583
MAexp20:	0.116438
MAexp50:	0.116503
MAexp100:	0.135862
Price / MA7:	+0.49%
Price / MA20:	+6.44%
Price / MA50:	+10.31%
Price / MA100:	+3.53%
Price / MAexp7:	+5.28%
Price / MAexp20:	+7.22%
Price / MAexp50:	+7.16%
Price / MAexp100:	-8.11%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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