Price Analysis
Right now the price of stellar is $.131. Currently, the price is trading at the resistance of $ .136. XLM is trading above the trend line. Prices are consolidating near the resistance of $.136. XLM market is showing the indecision in the market. The chart is forming a reverse head and shoulder pattern. Prices failed to cross-resistance successfully. Trends seems to join the downtrend in the near future. Global X change.
RSI is going towards the oversold zone. Currently, RSI is at 54.7161. Stochastic is also going toward overbought zone. Ichimoku cloud is indicating a weak bullish trend in the market. Conversion Line is slightly above the baseline. MACD is not showing momentum in the trend. Globalxchange.
Strategy
Global X change. Price is trading at $.131. If bulls break the near resistance then the price level of $.17 can be seen. Stellar is having support at $.095. Chances are prices can go downside.
To take the position for trade, wait for the breakout of the near resistance. globalexchange. The first target will be $.17 and the second target will be $.218. On the other hand, if the price goes down then the price level of $.09 can be seen
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