Stellar ( XLM ) SHORT Term Prediction

By skyislimit | CryptoCoin Predictions Series Short Term | 17 May 2020

Look at what we talked before about XLM last time
"There is definitely demand for XLM and volume is ok but $0.0725 is very strong resistance and always gets rejected at this level and in few days probably it will try again if it passes then upside otherwise $0.069 support area is strong, Wait and see the direction ."

XLM / USDT Daily Chart

ae5a4e32a4deebca26291ee0253148182685fa596c69eb31781211d52227e3c5.png

Sellers are trying to push XLM downside but buyers are defending XLM and trying to push higher. Definitely there is some strength on XLM but how long it will last nobody knows it. Looks like major resistance at the moment is $0.069 ad if it can passes then next resistance is $0.071 level. If price starts moving downside than $0.067 is major support and it may bounce back from this level right away.

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Resources

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skyislimit

Dentist since 1985, Oracle Developer DBA since 1998 and trader 2000 and up today. I try to give my best future price predictions on certain coins and I do trade same way.

CryptoCoin Predictions Series Short Term

I will give you my ideas about certain coins and my trading strategy about the future I just want you know that i am not a financial adviser and any information i give in here is my personnel opinion . If you follow me regularly i will post updates and future predictions about coins i hold and trade . My price predictions are short and not detail ( since i do not to bore anybody with long readings )

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Stellar ( XLM ) SHORT Term Prediction

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