Stellar Lumens ’ The charts pointed to a downtrend in the short term after it failed to scale a resistance level. In fact, XLM has been forming lower highs for more than a month, also highlighting a downtrend on the longer time frame. STEEM it also formed a bearish pattern on the charts and was about to drop to a support level. SCRIPT it worked under bearish pressure and could be set for more losses.
Stellar lumens [XLM]
the RSI It showed a value of 49, at press time, and closed a trading session below its previous low at $ 0.073. This indicated waning upward pressure and a failed attempt at resistance.
The price is likely to head towards the next support level, which is at $ 0.07.
The RSI value also highlighted the neutral momentum. However, in the past few days, the RSI has risen to the bullish territory. XLM’s inability to maintain its recent optimism suggests that further downs are likely.
STEEM was trading at $ 0.164, at press time. A descending triangle pattern had formed in the first week of September and it broke down to test support around the $ 0.15 region.
More recently, it formed a rising wedge on the charts, another bearish pattern. The price can be expected to reach the base of the pattern, which would again be the support level at $ 0.151.
the Stochastic RSI posted a bearish crossover after entering oversold territory, reinforcing the notion of a short-term downtrend for the crypto asset.
DASH faced resistance at $ 69.8, a level that it was unable to overcome. While the long-term trend has been bearish, DASH was able to see some brief periods of relief.
The most recent bounce from the support at $ 65 is probably over, and the price is likely to drop again. the MACD it was just above the zero line and had formed a bullish crossover a few days ago.
Further losses against DASH could drive the MACD back below the zero line, while observing a bearish crossover. This would send a strong sell signal to the market.
This is a machine translation of our English version.
Your opinion is important to us!