Stellarovi [XLM] agresivni trgovci mogu iskoristiti probijanje ovog obrasca

Odricanje od odgovornosti: Nalazi sljedeće analize su isključivo mišljenje pisca i ne treba ih smatrati savjetima za investiranje.

Stellar [XLM], at press time, was consolidated while witnessing a fierce clash between the buyers and sellers near the Point of Control (POC, red). The recent drawdowns entailed a bearish pennant on XLM’s daily timeframe.

Any close below the pennant could pave a way for a decline in the coming sessions. The bulls needed to inflict an uptick in the buying volumes to invalidate the current bearish tendencies.

At the time of writing, XLM traded at $0.11233, down by 2.57% in the last 24 hours.

XLM dnevni grafikon

Izvor: TradingView, XLM/USD

Ovo medvjeđe povlačenje od 0.2 dolara označilo je tromjesečni otpor linije trenda (bijelo, isprekidano) na dnevnom grafikonu. Alt je izgubio preko 58% (u odnosu na maksimum u aprilu) i 19. juna dostigao najniži nivo od 18 mjeseci.

This trendline resistance has constricted most recovery over the last few months. Consequently, the recent up-channel breakdown transposed into a bearish pennant. As a result, XLM fell below the 20 EMA (red) and exhibited a bearish edge.

Should the bears continue to ramp up their pressure, they would aim to break below the pennant. A close below this level could expose XLM to a downside toward the $0.1019-zone.

Should the buyers find renewed pressure, the immediate trendline resistance could undermine the buying efforts. Also, with the near-term EMA’s looking south, the sellers have reiterated their edge in the current dynamics.

Obrazloženje

Izvor: TradingView, XLM/USD

The RSI has taken a bearish stance over the last few days. The 42-level resistance has bogged down the near-term buying efforts on the chart.

Furthermore, the OBV’s higher peaks over the last week marked a bearish divergence with the price action. This reading blended well with the ongoing bearish outlook.

zaključak

Considering the current bearish pennant setup approaching the south-looking 20 EMA, XLM could see a potential decline. A break below the pattern could expose the alt to a 9% downside risk.

Međutim, investitori/trgovci bi trebali uzeti u obzir šire raspoloženje tržišta i razvoj na lancu kako bi napravili profitabilan potez. Ova aktivnost bi bila imperativ kako bi se smanjio rizik od bilo kakvog medvjeđeg poništenja.