Stellar (XLM) Technical Price Analysis, June 18, 2018

Stellar (XLM)

Stellar has held the $0.184 levels since mid-December of last year. Hence, we believe that the bulls will again aggressively defend the critical level.

A strong bounce will offer us an opportunity to recommend long positions because the next up move should carry the XLM/USD pair to $0.31, $0.385 and finally to the top of the range at $0.47766719.

As both moving averages are sloping down and the RSI is in negative territory, we shall wait for the price to break out and close (UTC) above the downtrend line before proposing any trade.