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      Stellar reversed from resistance zone

      Stellar cryptocurrency recently reversed down from the resistance zone lying between the key resistance level 0.1400 (former minor support from the start of May, acting as resistance after it was broken previously) and the 50% Fibonacci correction of the earlier downward price impulse from the start of May. The downward reversal from this resistance zone continued the active downward impulse wave (3) from the end of March.

      Given the clear daily downtrend - Stellar Lumen (XLM/USD) prices can be expected to fall further toward the next support level 0.1000 (which stopped the price earlier this month).

      XLMUSD - Primary Analysis - May-19 1435 PM (1 day)

       
      Last Updated: 19/05/2022

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