Stellar XLM Price Prediction | Watch Closely! 👀

Hey guys what’s up it’s frank here from Altcoin buzz good morning good afternoon Or good evening wherever in the world You find yourself so today we are seeing Yet more blood we have minus 17.6 in the Last 24 hours for bitcoin in the video i Made yesterday it was minus 17 for the Past week so really we are seeing an Explosive dump here and of course the s P 500 has also seen a new lower low on The daily time frame so a lot of the International markets are correlated Right now But of course today we are looking at Stellar And stellar is seeing very similar Numbers although in the past 24 hours Actually it has not dropped as much as Bitcoin but certainly over the past Weeks and months it has been very Similar to many many other altcoins So we’re gonna start by looking at the Monthly taking it all the way down to The four hour there is some potential For support with this pattern that’s Playing out so stick around till the end Of the video to find out what that is as Well as the resistance levels which we Need to break to see new highs Now for those of you who don’t know Altquin buzz is first and foremost a Crypto investment research company and We have been providing you numerous 100x Returns since

2017. so if you want to get in on that Action join our altcoinbuzz access group Where we document up-to-date research Covering undervalued altcoin gems nft Minting opportunities and our portfolio Strategies So if you want to take part in the Action click the link up above or in the Pin comment section down below Also please don’t forget to like Subscribe and click the notification Bell so that you don’t miss any future Updates And finally please note that none of This is financial advice [Music] Okay so starting here on the weekly time Frame you can see that we are in a very Clear downtrend the rsi is currently at The 30 level the lowest it’s ever been By the way so the bears definitely do Seem a little over extended at this Point and also we are at the very crux Of this descending wedge so we are very Likely to see Some action some more volatility over The coming days and potentially find Support at the bottom of this diagonal Line but let’s have a look at the daily Time frame to see what we are seeing Here So here we are seeing also the rsi just Below 30 again the bears seem a little Overextended at this point but here you

Can see even more closely how we are Approaching this diagonal line now of Course diagonal resistance lines are not Nearly as reliable or as meaningful as Horizontal resistance lines but The Confluence that we are seeing for Potential support at this diagonal line Is of course the good old volume profile Which is available on the professional Version of trading view here it’s the Yellow and blue bar on the right and What this means is that in the past There’s been a lot of trading activity Around this price range Specifically on this chart if we zoom Out it’s between the 0.06 dollar level and the 0.09 dollar level So i suspect that we will very likely See a bounce If we reach this level so this is Actually a zone but i will give you Specific levels if you wait around until The end of the video but first of all Let me know down in the comments section Below do you think we will break bullish Out of this descending wedge you think We will have a bullish breakout going to The upside or do you think we will Actually see further downside and have Several candle closes on the daily time Frame below this wedge type bullish or Bearish down in the comments section

Below all right now going to the four Hour time frame Here we are seeing that we actually had The potential for a Double bottom here on the four hour but Now really this previous potential Support of the 0.1043 Level has more or less been broken There’s still an hour left on this Candle if this candle closes above the 0.103 three dollar level this might Actually find some temporary support but I personally wouldn’t bet on it We are in a very clear downtrend Increasing bearish volume here so really Nothing to stop us from reaching the Next support and in order to look at the Next support let’s go back to the daily Time frame So the first support is actually the Price level at which we are currently This is just above the psychological 0.1 dollar level there is some Possibility that we find support here in Fact it’s quite possible that Xlm isn’t falling as hard as bitcoin Because of this psychological support However if we break that my estimate for The next support would be approximately The 0.095 dollar level Again this would take us to the support Of this potential diagonal line at the Bottom of this descending wedge and also

Would be the top of the volume profile However if we don’t find support there Then i think we would have to zoom out And really we would be looking at the Absolute middle point of this high Volume profile so really around the 0.075 Level and of course what’s very possible Is that we actually have a wick of a Candle taking us down all the way to This level and then bringing us right Back up and that would of course be a Very very bullish sign So in conclusion This is a no trade zone for me Personally i would be waiting for These levels that i mentioned And of course When it comes to resistance we have Plenty of that in this downtrend The first resistance Is at the previous four hour high Which is marked by the 0.147 Level the next resistance is marked by This Structural support that we found which Will probably act as resistance on the Way up that’s the 0.0118 And then if we break those two then i Would say the next likely resistance is At this more or less triple top here At the 0.1505 dollar level Okay guys that’s been it from me for

Today if you enjoyed the video feel free To subscribe to the channel and again Comment down below do you think we will Break bearish from this descending wedge Or do you think we will break bullish But if you enjoyed this video feel free To check out my other videos i make Videos about trading technical analysis Trying to keep it as simple as possible And with that being said guys I’ll see you the next one [Music]