XLMUSD Long-term Update
Updated
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XLM is within a narrow orange falling wedge since May 2018. As we are reaching slowly its end, I see a higher probability for a double bottom at 0.0750-0.0677 where I recommend buying while keeping tight stoploss and waiting for the second rally to the top range at 0.136-0.165 by July/August 2019. Around that time the entire Crypto Market should have confirmed the trend change to bull. XLM would follow the green path gradually through 2020.
The worst possible scenario should Bitcoin drop back to $3,620-3,400 support would be the path I represented in red through an IH&S with a final bottom near the 0.0405-0.0358 support.
Note: I recommend buying XLM for the long-term near the designated low support levels. Best is to keep that stash untouched in a hardware wallet for the 2020-2022 Megabull
Buy/Support:
0.0280-0.0120 - Previous bottom in 2018 / unlikely to be reached unless Bitcoin revisits $3,620-3,400 support
0.0405-0.0358 - Optimal buy area for capitulation within falling wedge/ also head of the red IH&S bull reversal
0.0750-0.0677 - Buy area for green scenario / double bottom - keep tight stoploss as directed
Sell/Resistances:
0.109-0.119
0.133-0.140 - Top resistance of the red IH&S
0.160-0.164
0.196-0.210 - 61.8% previous Fib turned into resistance
0.240-0.260 - Potential final top / good take profit area
Dynamic Stoploss: 0.0635, exit on a bounce as we may see XLM sell down lower within the orange falling wedge towards 0.0405-0.0358 or even lower depending on Bitcoin and Ethereum
XLM is within a narrow orange falling wedge since May 2018. As we are reaching slowly its end, I see a higher probability for a double bottom at 0.0750-0.0677 where I recommend buying while keeping tight stoploss and waiting for the second rally to the top range at 0.136-0.165 by July/August 2019. Around that time the entire Crypto Market should have confirmed the trend change to bull. XLM would follow the green path gradually through 2020.
The worst possible scenario should Bitcoin drop back to $3,620-3,400 support would be the path I represented in red through an IH&S with a final bottom near the 0.0405-0.0358 support.
Note: I recommend buying XLM for the long-term near the designated low support levels. Best is to keep that stash untouched in a hardware wallet for the 2020-2022 Megabull
Buy/Support:
0.0280-0.0120 - Previous bottom in 2018 / unlikely to be reached unless Bitcoin revisits $3,620-3,400 support
0.0405-0.0358 - Optimal buy area for capitulation within falling wedge/ also head of the red IH&S bull reversal
0.0750-0.0677 - Buy area for green scenario / double bottom - keep tight stoploss as directed
Sell/Resistances:
0.109-0.119
0.133-0.140 - Top resistance of the red IH&S
0.160-0.164
0.196-0.210 - 61.8% previous Fib turned into resistance
0.240-0.260 - Potential final top / good take profit area
Dynamic Stoploss: 0.0635, exit on a bounce as we may see XLM sell down lower within the orange falling wedge towards 0.0405-0.0358 or even lower depending on Bitcoin and Ethereum
Note
Note
Still on track. Waiting for the last sell off. Note
Very likely we see the bearish red path play out with the renewed downtrend we have on ETHUSD and ETHBTC.Note
XLMUSD is heading towards our old double bottom target at 0.0800-0.0677 in the next few days. Note that with the Ethereum downtrend there is a high chance it goes lower following the red bearish scenario I have added to the earlier chart and we would see 0.0450-0.0380 hit (even 0.0250-0.0150 is possible): 
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