Analysis of technical indicators for stellar trading (XLM)
Stellar (XLM) is a decentralized and open source blockchain network that allows rapid and cheap cross -border payments. As one of the major actors of the digital activities market, Stellar’s price has been volatile in recent times. This article will analyze the technical indicators to help operators to make an informed decision when buying or selling star (XLM).
Overview
Stellar is a Blockchain peer-to-peer network that allows rapid and cheap cross-border payments. The network is based on the XLM cryptocurrency and uses a mechanism of consent of the test, unlike the consent mechanism of the test tests used by many other main cryptocurrencies. Stellar’s price was influenced by various factors, including feelings, economic indicators and regulatory changes.
Technical indicators
The following technical indicators were analyzed to provide insights on the future management of XLM:
- Relative resistance index (RSI) : the RSI measures the magnigge of recent price variations to determine the conditions of supra composition or supervision. An RSI value greater than 70 indicates a hyper -fired condition, while a value less than 30 indicates a condition of hypercomposition.
- Bollinger bands
: Bollinger bands measure volatility and provide an indicator of the strength of a trend. The upper band represents the mobile average with a longer period (20), while the lower band represents the mobile average with a shorter period (50).
- The divergence of mobile media convergence (Macd) : Macd measures the difference between two furniture media, providing information on the price between price and momentum.
- Stocastic oscillator : the stochastic oscillator measures the percentage of time in which the closing price is higher than or less than a 20 -day mobile average, providing an idea of higher or higher Orsold conditions.
Analyses
The RSI graph showed that XLM has recently entered the Ipervento territory (50), indicating potential purchase opportunities. However, the RSI of 14 periods was even greater than 70, suggesting some short -term resistance.
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RSI: 46
Bollinger bands: 10-20 and 50
MacD: -2.5
Stocastic oscillator: 80%
Bollinger gangs showed a strong bullish trend, indicating that the XLM price is ready for further earnings. The upper band (20) was at 1021, while the lower band (50) was at 970.
Bollinger bands:
Superior band: 10-20 and 50
Lower band: 100
MacD: -2.5
Stocastic oscillator: 80%
The MacD graphic descent showed a bullish signal, indicating that the XLM price is likely to continue upwards. However, the 26 period MacD line was still below zero, suggesting some short -term sales pressure.
MacD:
Signal line: -2
Crossover: False
Stocastic oscillator: 80%
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Conclusion
Based on these technical indicators, traders may expect the XLM price to continue upwards. The RSI graph showed that XLM is hyper -time and Bollinger gangs indicated a strong bullish trend. However, a certain sales pressure can 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 essential to do in -depth research and consult a financial consultant before making any investment decision.
Advice
Based on these technical indicators, traders can consider the following:
- Buy XLM when the RSI of 14 periods is less than 70
- Sell xlm when the Macd crossover marks an increase in the price
- Keep XLM in hyper -fired conditions (lower than 30 value)
Remember to always give priority to in -depth research and to consult a financial consultant before making any investment decision.