cryptocurrency-event-2018

XLM/USD Long-term Trend: Bullish

Supply zone: $0.5000, $0.5500, $0.6000
Demand zone: $0.1500, $0.1000, $0.0500

Stellar resumes in bullish trend in the long-term outlook. The bears' pressure was strong within last week as we saw the cryptocurrency making a fresh low of $0.1710 in the demand area. This was the lowest ever the cryptoasset has ever been.

The bears' pressure gradually fades and the momentum was lost in this area and the bulls stage a strong comeback. Price was pushed to $0.2021, breaking the downward trendline as you can see from the chart.

This week, Stellar opened bullish at $0.1984. This implies that more buyers may join the train to the moon as the week progresses. Hence we may see upward movement in price of the cryptocurrency in the long-term.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research

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