Stellar (XLM) Cryptocurrency Price Prediction, Forecast, and Technical Analysis — Sept 2nd, 2021

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Sell stop idea from August 30th remains open and active, as well as 1/4th of the remain long position from July 26th. If you’re wondering why Stellar seems to have some difficulty moving higher, I take a look at the 3-week chart. Holy cow it is a metric crap-ton of resistance. Between the $.40 and $.50 zone is the 3-week Tenkan-Sen, Kijun-Sen, Senkou Span B along with the 2021 VPOC. Once Stellar does break above this resistance, new all-time highs won’t be an issue.
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Trade-Ideas
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Sell Stop @ 3-box Reversal
($0.30 at time of recording)
Stop Loss @ 3-box Reversal
Profit Target @ $0.10
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Dollar-Cost Average
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Buy Limit @ $0.2454
Buy Limit @ $0.1676

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Jonathan Morgan

Jonathan Morgan

33 Followers

Technical analyst, investor, trader, social distancing since before it was cool