Stellar (XLM) formed another triangle
SMA and price level support:
On the weekly time frame priceline of XLM is above the 200 SMA and $0.18 support levels.
Down channel:
On a daily time frame, XLM has formed a down channel and bounced by the support. Stellar has also broken down simple moving averages with the time period of 25, 50, 100, and 200 on this daily time frame.
Descending triangle:
On an hourly chart, XLM has formed a descending triangle and it can break it soon. In case of breaking out the resistance it can reach the resistance of down channel on daily.
On the weekly time frame priceline of XLM is above the 200 SMA and $0.18 support levels.
Down channel:
On a daily time frame, XLM has formed a down channel and bounced by the support. Stellar has also broken down simple moving averages with the time period of 25, 50, 100, and 200 on this daily time frame.
Descending triangle:
On an hourly chart, XLM has formed a descending triangle and it can break it soon. In case of breaking out the resistance it can reach the resistance of down channel on daily.
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