Stellar Lumen vs Dollar | Targets, Support Levels + Analysis

19. Sept. 2019

Let's take a look at Stellar Lumen once more but this time vs the US Dolar (USD), namely the XLMUSD pair.

Recently we looked at XLMBTC for the daily and weekly time frames, you can find these articles below... Now, our readers are asking for USD... Let's take a look:

• We can see a new All-Time Low (ATL) being hit for XLMUSD on the 14-Sept. A strong bounce followed...
  
• By the 18-Sept., XLMUSD had grown by as much as 57%.
  
• This bounce took out EMA10, EMA50, and EMA100 with the biggest volume bar printed since Mid July 2018, confirming that this is a very strong move and additional growth can easily follow.
  
• Massively bullish RSI, now above 70.
  
• The MACD allows for plenty of room for additional growth.
  

Stellar Lumen (XLMUSD) broke out of a falling wedge and produced a strong bounce and is signaling an upcoming change of trend. It will take time for the new trend to be confirmed but the signals are really strong and clear... It is time for Stellar to grow.

Below you can find the mean targets (resistance) and support levels for XLMUSD.

Targets:

(1) 0.0946
(2) 0.1035
(3) 0.1099
(4) 0.1179
(5) 0.1412

Support:

(1) 0.0752
(2) 0.0713
(3) 0.0658

And the BTC pair charts as promised:

Stellar Lumens Long-term | Weekly Chart Analysis | Over 800%

Stellar Lumens Full Chart Analysis | Daily Time-fame

Thanks a lot for the support.

Namaste.

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All the information shared by Alan Masters is for learning and entertainment purposes only.