Analysis of Star Trade Technical Indicators (XLM)
Star (XLM) is a decentralized, open source blockchain network that allows fast and cheap cross -border payments. As one of the largest players in the digital asset market, the price of Stellar has recently been volatile. This article will analyze technical indicators to help traders make conscious decisions by buying or selling a star (XLM).
Overview
Star is a peer blockchain network that allows you to make quick and cheap cross -border payments. The network is based on the XLM cryptocurrency, and unlike the mechanism of use of many other major cryptocurrencies, which are used by many other important cryptocurrencies, the mechanism of evidence of unanimity is used. Star price is influenced by a variety of factors, including market mood, economic performance and regulatory changes.
Technical indicators
The following technical indicators were analyzed to give an insight into XLM in the future:
1
Relative Strength Index (RSI) : RSI measures recent price changes to determine excessively combat or selling conditions. RSI value above 70 indicates exceeding the state, while the value below 30 indicates an excessive condition.
- Bollinger Stranes : Bollinger Strip Fever Visual and provides trend strength assessment. The upper bar denotes the variable average with a longer period (20), while the lower lane denotes the average period with a shorter period (50).
3
Variable average convergence deviation (MacD)
: MacD measures the difference between two variable average, giving an insight into the price and impulse.
- Stochastic oscillator : Stochastic oscillator measures the percentage of time when the closure price is above or below the 20 -day variable average, providing an idea of excessive or excessive conditions.
Analysis
The RSI chart showed that XLM has recently been sold to the sold area (50), pointing to possible buying options. However, the 14 -period RSI was still above 70, indicating a certain resistance in the short term.
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RSI: 46
Bollinger Strips: 10-20 and 50
MacD: -2.5
Stochastic oscillator: 80%
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Bollinger bands showed a strong bullish trend pointing out that XLM’s price is ready for further benefits. The upper lane (20) was 1021 and the lower lane (50) was 970.
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Bollinger Groups:
Top bar: 10-20 and 50
Lower Bar: 100
MacD: -2.5
Stochastic oscillator: 80%
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The MacD chart showed the bullish signal, stating that the XLM price is likely to continue up. However, the MacD line of 26 was still below zero, indicating some sales pressure in the short term.
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MacD:
Signal Line (s): -2
Crossover: False
Stochastic oscillator: 80%
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Conclusion
Based on these technical indicators, traders can expect the XLM to continue. The RSI diagram showed that XLM was sold and the Bollinger bands pointed to a strong bullish trend. However, in the short term there may be some sales pressure.
Traders can use this analysis to inform about their trade decisions, including the purchase or sale of XLM. As always, it is important to conduct careful research and consult a financial advisor before making any investment decision.
suggestions
Based on these technical indicators, merchants may consider the following:
- Buy XLM when 14-Period RSI is below 70
- Sell XLM when MacD Crossovers indicate price increase
- Hold XLM (RSI Value below 30) during Rovers.
Before making any investment decisions, remember to always determine careful research and consult with the financial consultant.
