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/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
Support 1: $0.1062
Support 2: $0.1050
Resistance 1: $0.1100
Resistance 2: $0.1120
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