Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: XLM/USD breaks below 50-DMA, hits 3-weeks low (0.0645), bias bearish

Tue, 19 Nov 2019, 11:00 am UTC

XLM/USD chart - Trading View

Exchange - Bitfinex

Support: 0.06149 (Cloud base); Resistance: 0.06674 (50-DMA)

Technical Analysis: Bias Bearish

XLM/USD extends previous session's weakness, slips further into daily cloud, bias bearish.

The pair was trading 4.32% lower at 0.06453 around 10:50 GMT, after closing 6.41% lower in the previous session.

Technical studies are bearish, more weakness on charts. Stochs and RSI are sharply lower and RSI is well below 50 mark.

Bearish MACD crossover on signal line, bearish 5-DMA crossover on 20-DMA and rising ADX with -ve DMI dominance support bearish bias.

Price action is on track to test cloud base (currently at 0.06149). Break below cloud to see further downside.

50-DMA has turned immediate resistance at 0.06674. Retrace above 20-DMA (0.07332) negates near-term bearish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,237.41 (+0.19%)
  • Ethereum (ETH) $238.32 (-0.48%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $234.68 (-0.64%)
  • Bitcoin SV (BSV) $184.02 (+1.25%)
  • Bitcoin (BTC) $9,237.41 (+0.19%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft