XLM/USD chart - Trading View
Exchange - Kraken
Support: 0.0862 (May 9 low); Resistance: 0.0991 (5-DMA)
Technical Analysis: Bias Bearish
XLM/USD has broken strong trendline support, bias is strongly bearish.
The pair has hit 9-week lows at 0.0876, and is currently trading at 0.0893 at 07:20 GMT.
Technical analysis shows further weakness in the pair. Price action extending weakness below 200-DMA.
Volatility is rising and RSI nicely converging with price action. ADX is rising in support of downside.
Markets look forward to Stellar's Meridian Conference event scheduled in Nov for cues to boost value.
For now, bears eye 0.08 (Mar 2019 low). Further weakness will see test of 0.0775 (88.6% Fib).
Immediate resistance is seen at 5-DMA at 0.0990. Break above 200-DMA required for upside continuation.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD eases after hot US CPI data
FxWirePro: EUR/NZD gaining momentum for a move towards 2.0100 level
Upbeat UK GDP Fails to Lift GBP/JPY as Bears Target 207
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD scales one-week peak after ECB rate hike
FxWirePro: USD/ZAR bearish again as upside bias reverses
FxWirePro: EUR/AUD dips below 1.6200 level ,vulnerable to more downside
FxWirePro: USD/CNY sees some bounce after yesterday's fall
Major Currency Pair Scores: USD/CHF Signals Strong Bullish Momentum as NZD/USD Turns Heavily Bearish
FxWirePro: GBP/AUD struggle to extend its recovery, good to sell on rally 



