Technical Analysis for XLM/USDT – Time Frame 4 Hours
Frame: 4 Hours
Current Price: 0.4086 USDT
General Trend:
The trend is bearish in the short term after a clear break of support at 0.4215 with continued selling pressure.
Technical Indicators:
Moving Averages:
The price is below all EMAs EMA(7) = 0.4131, EMA(25) = 0.4237, EMA(99) = 0.4215 ➜ Negative signal.
The averages are trending downwards, reinforcing the bearish trend.
Relative Strength Index RSI(6) = 34.05:
Close to the oversold area (<30), indicating a potential temporary bounce or incoming liquidity.
Stochastic RSI = 26.04 and 20.68:
Near the oversold area ➜ possibility of a bullish crossover, giving a short-term buy signal.
MACD Indicator:
MACD value = -0.0014 and the price is below the signal line ➜ Negative signal and weakness in upward momentum.
🔹 Support and Resistance:
Level Value (USDT) Note
Strong Support 0.3927 Recently touched, potential bounce if it holds.
First Resistance 0.4215 Crossover with EMA99, breaking it is important to change the trend.
Second Resistance 0.4350 Previous short-term peak.
✅ Positive Scenario (in case of a bounce):
Safe Entry: After closing a 4-hour candle above 0.4215.
Targets: 0.4350 ➜ 0.4470.
📌 Recommendation:
Currently, there is no clear entry signal.
It is better to wait until:
Confirmation of breaking resistance at 0.4215 to buy.
Or breaking 0.3920 to drop.
Advice: Capital management is crucial now, especially given the current market volatility.
