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Crypto Technicals: Hidden 'Bearish Divergence' to support more weakness in XLM/USD

XLM/USD chart - Trading View 

Exchange - Kraken

Support: 0.0665 (Feb 6 low); Resistance: 0.0808 (21-EMA)

Technical Analysis: Bias Bearish

Stellar Lumens set to extend weakness. Hidden 'Bearish Divergence' to support more downside.

XLM/USD trades extremely range-bound on the day with session highs at 0.0753 and lows at 0.0744.

Major trend in the pair is bearish as indicated by GMMA indicator.

Further, formation of 'Death Cross' (bearish 50-DMA crossover on 100-DMA) adds to the downside bias.

Recovery attempts lack traction. Price has failed to extend break above 200H SMA.

Scope for test of next major support at 0.0665 (Feb 6 low). Break above 21-EMA (0.0808) will see minor upside.
 

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 853862853862m

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2016 bln ARS

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January 31 00:00 UTC 853862853862m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 865682865682m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 853862853862m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 865682865682m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 853862853862m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853862853862m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853862853862m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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