XLM/USD Medium-term Trend: Bearish
Supply zone: $0.3000, $0.3500, $0.4000
Demand zone: $0.1500, $0.1000, $0.0500
XLM is in a bearish trend in its medium-term outlook. The bears continue to dominate the market after lost in bullish momentum at $0.2381 in the supply area on 28th October. The railroad formation set the bears up and it was confirmed by the inverted hammer at $0.2336 on 29th as the candle closed below the 10-EMA.
Increased bearish momentum led to the formation of marubozu candle at $0.2325 as the cryptocurrency went further down to $0.2223 in the demand area as the session ended with the bulls’ gradual returned indicated by the bullish hammer formation.
The 4-hour opening candle at $0.2234 sustained the bulls upward price movement as with XLMUSD at $0.2276 in the supply area.
The bullish pullback is still within the 23.6 fib level, a trend continuation zone. The bears’ strong comeback may occur at the 23.6 or 38.2 in the and this will lead to a further downward movement in price in the medium-term.
XLM/USD Short-term Trend: Bearish
Công Phượng lập công, HAGL tiếp tục thua đậm trước Hà Nội FC
Wednesday September 19, 2018
Tình huống nổi bật 18:56 ngày 19/09/2018 Kết quả các trận đấu V-League ngày 19/9: HAGL 3-5 Hà Nội FC FLC Thanh Hóa 5-0 Quảng Nam Hải Phòng 1-1 Nam Định B.Bình Dương 1-0 Cần Thơ 14:57 ngày 19/09/2018 Đón tiếp Hà Nội FC trên sân Pleiku, HAGL đã nhập cuộc khá tệ hại. Hàng … "Công Phượng lập công, HAGL tiếp tục thua đậm trước Hà Nội FC"
The post Công Phượng lập công, HAGL tiếp tục thua đậm trước Hà Nội FC appeared first on Soi keo.
The cryptocurrency is in bearish trend in its short-term outlook. After dropping price to $0.2216 in the demand area before the end of yesterday session, the bears lost momentum. The bullish railroad formation led to the cryptocurrency up at $0.2276 in the supply area earlier today.
Price is above the 10-EMAs and the stochastic oscillator is at 52% and its signal points up which implies an upward movement in price may occur to the downward trendline. This will create a scenario for the bears’ return.
Each touch on the trendline results in a breakdown as seen on 28th October. A breakdown after a touch may occur in the short-term which will take the cryptocurrency initially to $.2200 in the demand area.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research