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Crypto Technicals: Stellar Lumens holds 50-DMA support, 'Golden Cross' keeps scope for upside

Fri, 07 Jun 2019, 11:29 am UTC

XLM/USD chart - Trading View

Exchange - Binance

Support: 0.1169 (50-DMA); Resistance: 0.1475 (trendline)

Technical Analysis: Bias Slightly Bullish

Stellar Lumens bounces off 50-DMA support, extends gains for the 2nd straight session.

'Golden Cross' confirmed on the daily charts keeps scope for upside.

RSI is above 50 and biased higher, Stochs have approached oversold territory.

200-H SMA is immediate resistance at 1.1291. Break above could see further upside.

Next bull target lies at 0.1475 (trendline). Bullish invalidation likely below 200-DMA.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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