Analysis of technical indicators to trade star (XLM)
Stellar (XLM) is a decentralized blockchain open code network that enables fast and cheap cross -border payments. As one of the largest players on the digital property market, Stellar has been unstable lately. This article will analyze the technical indicators to help dealers make informed decisions when buying or selling star (XLM).
Review
Stellar is a hill with a peer that enables fast and cheap cross -border payments. The network is based on the XLM crypto currency and uses the mechanism of the consensus of the role evidence, unlike the mechanism of consensus of evidence of work that use many other main crypto currencies. Star prices were influenced by various factors, including market mood, economic indicators and regulatory changes.
Technical indicators
The following technical indicators are analyzed to provide an insight into the future XLM direction:
- Relative strength index (RSI)
: RSI measures the size of the recent prices changes to determine the overblown or exceeded conditions. The value of the RSI above 70 indicates a transparent state, while the value below 30 indicates an over -excessive condition.
- Bollinger Bands : Bollinger bands measure volatility and provide a trend power measurement. The upper belt is a movable average with a longer period (20), while the lower belt is a movable average with a shorter period (50).
- Moving average joinence of convergence (MacD) : MacD measures the difference between two moving average, providing insight into the price and momentum relationship.
- Storytelling Oscilator : The stocchy oscillator measures the percentage of time that the price of closure is above or below the 20-day moving average, providing the idea of overcrowded or overturned conditions.
Analysis
The RSI chart showed that XLM recently entered the transformation of the territory (50), indicating the potential options of the purchase. However, the 14-pearl RSI was still above 70, which suggests some resistance in the short term.
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RSI: 46
Bollinger bands: 10-20 and 50
MacD: -2.5
Storytelling oscillator: 80%
Bollinger bands showed a strong bull trend, indicating that the price of XLM is ready for further gains. The upper belt (20) was at 1021, while the lower band (50) was at 970.
Bollinger Bands:
Upper belt: 10-20 and 50
Lower band: 100
MacD: -2.5
Storytelling oscillator: 80%
The MacD chart showed a bull's signal, indicating that the XLM price is likely to continue upwards. However, the 26-Parioda MacD line was still below zero, suggesting some sales pressure in the short term.
MacD:
Signal line: -2
Crossover: False
Storytelling oscillator: 80%
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Conclusion
Based on these technical indicators, traders may expect the XLM price to continue upwards. The RSI rankings showed that XLM had overlooked, and Bollinger bands pointed to a strong bull trend. However, some sales pressure may be present in the short term.
Traders can use this analysis to inform their trading decisions, including the purchase or sale of XLM. As always, it is crucial to research and consult with a financial advisor before making any investment.
Recommendations
Based on these technical indicators, traders can consider the following:
- Buy xlm when 14-pearl RSI is below 70
- Sell XLM When MacD crossover signals the price increase
- Keep xlm during rollover (RSI value below 30)
Remember that always place the advantage of thorough research and consult a financial advisor before making any investment.