Stellar Price Analysis

Stellar (XLM) Price Analysis: Another Reversal Pattern!

Stellar seems to be forming another reversal pattern, this time a head and shoulders formation on the 1-hour time frame. Price is currently testing the neckline of this formation and might be due for a break soon, confirming that a selloff is about to happen. The 100 SMA is above the longer-term 200 SMA, though, so the path of least resistance is to the upside. In other words, the uptrend is more…
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