STELLAR LUMEN AND THE MAGIC WANDI still repeat I'm bullish on the longterm but it needs time. Foundmentals are too goods.
Stellar has all the caracteristics needed to succeed. Right product, done by the right hands.
So let look at this chart
Stellar is entering in a very hard zone. The violet area is a resistence area from ATH.
We are also entering in a supply zone represented by the orange dotted line. A third resistance will be represented by this black trendline.
To conclude there are a lot of resistances. too much
What next?
Stellar will grow in my opinion another 20% penetrating in the violet area and then will correct.
The next correction will find place inside the violet area. The support of the channel will form a lower high pushing stellar to a new ATH inside the Red Star of the magic wand.
BIO
Lumen
Stellar now Sheria-certifiedCoin of the day is Stellar
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation. At the time of launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked…
Latest news
Jul 17 - Stellar becomes Sharia-Certified
Recently Stellar(XLM or STR) has been showing a noticeable growth, breaking from the stagnation tendency of the first half of 2018. The main news that accompanies the growth is certification of Stellar blockchain by the Shariyah Review Bureau (SRB).
For the Stellar ecosystem, obtaining a certificate means being able to expand in markets that require compliance with Islamic principles: in the countries of the Cooperation Council of the Arab States of the Persian Gulf (Bahrain, Kuwait, Saudi Arabia, Qatar, United Arab Emirates and Oman) and some countries in South-East Asia.
From Twitter: “Stellar is the first distributed ledger protocol to receive Sharia compliance certification in the money transfer and asset tokenization space.” By StellarOrg@
Jul 18 - Stellar Partnership With IBM To Launch An FDIC Backed Crypto
A startup named Stronghold is making use of Stellar Blockchain technology to launch USD Anchor. This USD Anchor will make use of the Stellar Blockchain technology to verify transactions. Its token will be backed by Prime Trust, a Nevada trust company to the US dollars. This Trust company will in turn deposit money into all Federal Deposit Insurance Corps insured.
IBM reported that the New York City Based Signature Bank backed out from this collaboration as it was the first choice. IBM and Stronghold are partnering together to find out the various financial uses of the token. The head of IBMs blockchain services for financial institutions, Jesse Lund stated that the aim of the platform is for both Fiat money and digital money to be used as means for transactions on the blockchain platforms.
Stronghold is the security to the Stellar partnership network. The entire collaboration between Prime Trust bank and the FDIC with this IBM platform is a step in the right direction. Sewn Bennet, the co-founder of Stronghold stated that there is a need for growth in the management of digital and Fiat currency.
This project shows the various ways to make Fiat currency tokenized in order to perform fast transactions like cryptocurrency. IBM’s first use cases will center on across border transactions as well as small-scale foreign transactions. The coin is available to select institutional clients, but it will be available soon.
Technicals
XLMBTC is showing an active growth since Jul 13, reaching 100-days EMA on Jul 15, and taking-off from the EMA to break Global Bearish Trend Line and 0.00004 level. For now, the bullish rally has stopped at the 0.0000425 resistance and probably will transit into a correction for a while. The main requirement, to preserve bullish view, is to stay above the Global Bearish Trend Line. Nearest resistive level on the way up is 0.000045 level; after breaking 0.000045, the price will meet 26% Fibonacci zone - the last frontier before setting new highs.
XLMBTC BITTREXXLM is forming a big double bottom on the daily and 4 hr time frames at a strong level of support which has been respected previously. If BTC has some sideways movement we may see a decent bounce here back up to test the above resistance, trend line and then previous structure.
Waiting for some confirmation that this level of support is going to hold before entering.
XLMBTC BITTREXXLM is forming a symmetrical triangle just above a 4 hour support and weekly uptrend line. The current 4 hr candle has just closed above support and the new candle has opened above. Looking for a bullish engulfing candle off support for confirmation followed by a breakout from the triangle.
With BTC being very volatile at the moment it is risky to enter alt trades so be cautious if entering.
Watching the next 4 hour candle closely.
Stellar Lumen (XLM) Updated Trade (222% Earnings Potential)Our long term trade for Stellar Lumen (XLM) is still active. This is just an updated version so you can play again the targets.
Stellar Lumen (XLMBTC) LONG Trade by Alan Masters
TRADE INSTRUCTIONS
Buy in: Up to 0.0000335
XLM Targets by Alan Masters:
(1) 0.0000364
(2) 0.0000407
(3) 0.0000479
(4) 0.0000530
(5) 0.0000596
(6) 0.0000668
(7) 0.0000713
(8) 0.0000785
The Life of Light (16-April-2018)
Life as light. The life of light.
How does light lives?
Light lives life in its own light.
Shinning through the consciousness of the moment.
Shinning through brilliantly and nice.
Light will live life giving light through its own might.
Live your nice life bright...
Always open your heart...
Which is full of love, light & life!
Namaste.
Long term trend for XLMUSDWe can see that Lumens have been trading inside a bearish descending triangle in the long term since Jan 2018.
But looking at the somewhat short term (start of May) we have been trading inside a falling wedge, which is bullish.
We will be hitting a critical long term support level at 0.185 soon enough. If the current sentiment continues, I expect it to break that support and go a bit lower before bouncing back and recovering.
For a long term hold, wait for a clear break above the falling wedge.
Disclaimer: Not financial advice. Charting what I see
$XLM #STELLAR - bouncing of intermediate support - easy 10% grabHello Lads and Ladies,
This time I was requested to look into XLMBTC and I see a short term possibility here.
Basically it had a big push and taking this big initial push into consideration, you can perfectly apply the fibonacci retracement. The fibs lines have been respected all along and are functioning very well as support and resistance.
Right now, we just had a touch at the 61.8% fibs line and are starting the bounce to the 50% fibs line. This would be buying in at this moment an easy 10% grab.
Now, here comes the clue behind it. Should XLMBTC not break the 50% fibs, it will come back down to the 61.8% support, no we have seen 4 bounces off of it and as I had mentioned yesterday, with every bounce the support gets weaker, thats why we saw a break in support on the 4th bounce. SO, coming back down a 5th time, might not be able hold it and it has a higher chance of falling down to next support.
ANYHOW, as the markets seem to be moving up after the big pullback, we might also see XLMBTC continue the push through the 50% to the 38.2% fibs line, which would be entering right now around 35% gains.
I myself will enter it now and have a bigger chunk of around 75% set to sell at 4100 satoshi, then I will watch it closely and see what happens and if it has enough momentum and liquidity to continue the push.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Cheers, Tomas
Technical Analysis on Stellar (XLMBTX)Stellar may go up from the 50% Fib level which is acting as major immediate support. The immediate target will be the major resistance level which is shown in blue.
1)The major resistance will be at 0.0000485 BTC level which also coincides with 23.6% FIb retracement. If it breaks, a rally can be seen.
2)If the support of 50% FIb retracement breaks, the next support will be at 61.8% Fib retracement level which it seems to be following very well.
Stellar broke down - what next?6-12 cents is quite possible, but this should happen fast like last cycle (5-7 days).
Otherwise could be a slow death with 5-6 cents as bottom.
XLMBTCXLM has now broken out of its short term downtrend and has made its way back up above the overall uptrend and a 4 hr resistance. Currently retesting that support if it holds here we could see it continue up to retest a higher daily support and eventually the top of the mid term downtrend. Looking for a bullish engulfing candle off the support here for confirmation.
This will be a mid term trade.
XLMBTC BITTREXXLM lumen/stellar is getting squeezed in a corner between the short term downtrend and the overall long term up trend. It is currently finding some support on the 61.8 fibs from the last run, however I think that the pressure from that downtrend will force it to head back down and retest the daily support at around 3700 sats.
At this level we have the daily support and the overall up trend offering support so as long as BTC doesn't go crazy I believe it will hold.
Could be looking for a higher risk entry looking to take profit quickly off the support if it holds, or waiting for the break of the short term downtrend for a safer entry.
XLM is a good long term hold coin so it could be worthwhile stocking up while the price is low.
Lumen approaching point of volatility colapseLumen (Stellar native cryptocurrency) is appraching a triangular contraction point where most probable resolution will be a breakout higher. The team behind the coin is rock solid and the future prospects are so great that possible skyrocketing must not be excluded.
XLMBTC - Show me the light! 39% gain Risk/Reward: 1:7Here we have definitely one of my favorite projects, Lumen.
Lumen will probably conquer the world if Ethereum doesn’t get its sh!t together and have higher through-puts
As you can see, we’ve corrected nicely from the RSI divergence and have just bounced off the 200MA on the 4hr chart. We’ve completed the 4th wave (4) and now looking to have a 5 wave up to (5) at roughly 5800. As long as our supporting channel holds, we are solid.
Entry 4100
Stop 3875 or below 200 MA
Target top of parallel channel or 5500-5800, whichever comes first
R/R ratio: 1:8
Good luck and stay safe!
Kinashi San
Stellar (XLM-BTC) Bullish on the 4H Chart (Pattern + Signal)Looks like Stellar (XLM) is getting ready for some action.
Looking at the chart above, you can spot a few "buy" signals:
- Cypher Pattern
- Hovering around the lower end of the Bollinger Bands.
- MACD Curving up.
- Shorter time frames giving out early reversal signals.
This is an educational post.
If you want to trade Stellar (XLM), please visit my trade idea for it.
You can find it by visiting my profile.
Thanks a lot for your continued, amazing and incredible support that I always receive. Always.
Thanks again.
Namaste.
XLMBTCXLM has come back down and is now at a key support level. It also is about to touch the uptrend line it has been following for quite some time.
If BTC behaves there could be an entry here for a 9% gain up to previous structure.
We need a close above the support at 4344 and a bullish engulfing candle for confirmation.
Watching closely.
XLMUSD Reverse Head and Shoulders with 15% UpsideXLMUSD Lumen
A small reverse head and shoulders with about 15% of upside
to a minimum target at 508 once 445 is re-taken and held
with stops below the neck-line when broken. It should then
rally to the upper parallel where can look to take profits once
this triggers.
Until then this is still vulnerable to further sell offs - but
slowly resistance looks to be getting ground away and
eventually this is looking likely to pop to the upside again.
Should be worth following when it does. But not until, unless
it flips back down to the lower parallel first, which at this
point looks unlikely.