Cryptocurrency

Stellar Lumens, MATIC, and Tezos Price Analysis: 18 May

Bitcoin has traded between the $30.6k and the $28.8k for the higher a part of the previous week, and its sideways value motion was imitated throughout a lot of the altcoin market. Stellar Lumens and MATIC struggled to interrupt previous robust zones of resistance overhead. Tezos didn’t see massive shopping for strain in current days both.

Stellar Lumens (XLM)

Source: XLM/USDT on TradingView

Based on the drop from $0.15 to $0.104, Fibonacci retracement ranges (yellow) had been drawn for Stellar Lumens. The 61.8%-78.6% space has provided vital resistance up to now few days. The longer timeframe bias stays bearish, and on the shorter timeframes, the momentum seemed to be impartial.

The RSI hovered in regards to the impartial 50 line and didn’t present a pattern in both course to be in progress. The A/D indicator has climbed up to now week, to type increased lows, which is proof of some shopping for strain. However, a pattern reversal won’t be on the playing cards but.

Polygon (MATIC)

Stellar Lumens, MATIC, Tezos Price Analysis: 18 May

Source: MATIC/USDT on TradingView

MATIC had fairly related value motion to XLM up to now few days, as they each shaped increased lows however had been unable to interrupt out previous resistance ranges. For MATIC, the $0.75-$0.79 space has not been flipped from a provide to a requirement zone but.

The Awesome Oscillator was simply barely above the zero line, to sign weak bullish momentum at press time. The CMF had been above the +0.05 mark the day prior to this however was unable to remain above it. Hence, there had been vital capital movement into the market, however this has modified up to now few hours, and sellers had the higher hand.

Tezos (XTZ)

Stellar Lumens, MATIC, Tezos Price Analysis: 18 May

Source: XTZ/USDT on TradingView

The Visible Range Volume Profile device confirmed the Point of Control to lie at $1.78. This stage is the place the most important quantity of buying and selling by quantity has occurred over the seen vary on the chart, and subsequently it’s a vital stage for each bulls and the bears.

The MACD shaped a bearish crossover and was on the verge of diving under the zero line, whereas the OBV has been fairly flat up to now few days. Hence, there was no actual pattern behind XTZ on the decrease timeframes.

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