Market Update


Insights for the Asian Crypto trading session Wednesday 13/03/19

  • BTC/USD: Critical support at $3,800 holds again

  • ETH/USD: Ethereum remains contained within $125-$145 channel

  • XRP/USD: Price action at risk of a breakdown below $0.31 cents

  • LTC/USD:  Bulls must break through $60 supply area to continue rally

  • EOS/USD: EOS bears take charge, at risk of further declines towards $3.30

XLM/USD Technical Analysis: Stellar back above $0.10 cents amid growing bullish momentum

  • Stellar stays in the green as market continues sideways trading

  • Market cap at 6 week high, rises toward $2 billion

  • Bullish price rise attributed to news that a German media firm is buying stakes in SatoshiPay.

XLM/USD 4 Hour chart

XLM 130319.JPG

Our Forecast:

Our Forecast:

XLM/USD: Stellar is among the few coins that are in the green at the time of writing trading at $0.10849 cents. Over the past week, XLM/USD has crossed back above the $0.10 cent area and formed a high towards $0.1118. The trendline channel resistance turned support that has up until recently contained the price action is around $0.1065 and bulls will need to keep the price action above this area or risk price moving back to test the physiological important $0.10 cent level. Momentum is bullish and as such we recommend buying XLM at $0.105 cents with a take profit target at $0.155 cents and a stop loss at $0.0775 cents.

4 hour Technical Analysis Summary: Strong Buy

Moving Averages: Strong Buy

Oscillators: Buy 

Support 1:               $0.1062

Support 2:               $0.1050

Resistance 1:               $0.1100

Resistance 2:         $0.1120

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