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Manchester
July 18, 2019
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stellar

Stellar: Price Analysis, Nov. 28

XLM/USD

Stellar is trying to bounce off $0.13427050. It might face stiff resistance in the $0.1547188–$0.184 zone.




XLM/USD




A failure to climb above the overhead resistance zone will attract selling that can push the XLM/USD pair to the Nov. 25 lows. If the support breaks, the drop can reach $0.08.

On the other hand, if the bulls scale to the $0.184 level, it will indicate that the current fall was a bear trap. Currently, we do not see any bullish patterns, so we are not suggesting a trade in it.

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