Stellar Engulf Bear Market
Stellar Engulf Bear Market – XLM/USD trading at $0.06958 at the time of the analysis and moves to the bears at the rate of -3.13%. The cryptocurrency market seems to look uncertain since a couple of days. The sudden rise and dip is creating twilight in the minds of traders. Currently all the alt-coins move towards the bears indicating negative slope. XML/USD was enjoying its bull past 2 days making its way near to 0.07200. Unfortunately Stellar at present embraces the bears moving all the way down. The coin aim at testing its areas of support.
XLM/USD Price Analysis And Forecast For August 20th, 2019 – Bears engulfed.The couple pair is moving towards the bears at the rate of -3.66%. The moving averages 0.07054 indicates bearish zone. The orange and blue MACD’s showcase the bears engulfing the market with downward push. The RSI at 37.55 depicts the buyers influence to buy more to reach areas of support. The price may range from $0.06958 – $0.06900.
However, the cancellation of bearish move will attract the sellers to take over the market and supply. This will have an adverse effect on the buying habits of the buyers. Then price may vary from $0.06958 – $0.0700.