XLM/USD Main trend. Timeframe 1 week. Channel. Radiant Star of 2218) One of the most “silent” cryptocurrencies. Unlike its fellow clone, pumped up by the community on the ears of pseudo-esoterics (although 589 is not going anywhere, which is, that is, it is not price))))....
Note that past secondary trend reversals are shrinking after significant dips. We are now in the lower zone of the channel, but not at the lowest potential values. Never “catch” the lows and highs, but work most of your position near those values, and you will be happy and relaxed.
I advise you to combine pyramiding (up) + martingale (down), and you won't care where the price goes, because you'll be happy with either direction. It is also rational to protect your profits with stops, but not near intraday volatility.
It is also natural for your peace of mind to forget about two things if you have a mind:
1) Forget margin trading. Work only on spot.
2) Forget the 1 “world's most reliable exchange” (diversification of trading and storage).
Coinmarket: XLM
About the enlightenment: .
1) Instant (less than 3 sec) transactions,
2) Conditionally free transactions $0.000001 (0.00001 XLM micro payments),
3) No network congestion (30 sec refund in case of failed transaction (not to be confused with exchange),
4) Smart contacts and NFT (2022),
5) "Transaction rollback" (this is an advantage, not a disadvantage for real use, not speculation),
6) Support for multi-currency transactions.
7) Interest in XLM blockchain by states.
And much more...
Roughly speaking, all the best worked out solutions from thousands of temporary “faith cryptocurrencies” over the last 10+ years.
Incidentally, many states will be making “transitional” fiat currencies on this blockchain. For example, the long-suffering Ukraine. But then when there will be “total sadness”. Creating a problem—presenting a ready-made solution.
Here's what this important zone looks like on the 1-day timeframe. Key reversal or trend continuation zone.
Breakout of the local symmetrical triangle +10% to the mirror resistance level of 0.2022.
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XLM / BTC Main trend. Channel. Accumulation 2.5 years.Coin with the longest accumulation of 2.5 years. I work in this accumulation from the moment of its formation. The step of this channel is 100% (previously 55%) At the moment the price is at its lower zone.
Coin in coenmarket: XLM
XLM/BTC The channel of the position set 2.5 years.
XLM/USD Secondary trend. Timeframe 1 week.Timeframe 1 week. Dragon pattern has formed. There are attempts to break through its resistance. Rollback after a breakdown of the downtrend (ridge of the Dragon). This Dragon (its first part) is a potential handle to the cup (pullback) on a large timeframe and scale (1 month).
Next month, protocol # 18 is triggered. 3 11 21 .
Coinmarket: XLM
Notice how technically and predictably a sequence of pummels by a rather large percentage (220% 300% 160% 100%) and the same pullback (complex %) moved the price in the spring pump.
All of these moves are in my trading ideas as I am an active bidder on this coin. Spring pumping +1000% from accumulation.
Here is my non-public trade idea posted 13 10 2020 at the beginning of the nucleation of this secondary uptrend (pumping sequence).
XLM/USD Secondary Trend Manipulation with Chart Distortion
This secondary trend zone is in the primary trend.
XLM/USDT Primary Trend. Channel. Cup. Timeframe 1 month
XLM/BTC The channel of the position set 2.5 years. Coin with the longest accumulation of 2.5 years. I work in this accumulation from the moment of its formation. The step of this channel is 100% (previously 55%) At the moment the price is at its lower zone.
Coin in coenmarket: XLM
XLM/BTC Main trend. Channel. Accumulation 2.5 years.