Lumen might be on a possible wave 2.BITTREX:XLMUSD
After the dramatic bull run we had a couple days ago, Lumen is suffering a correction. So, maybe we're falling in for wave 2, handing the opportunity to other buyers to get in. Let's see how it moves in the couple hours... Wave 2 should be completed around .34 (previous resistance, meaning a possible entry zone for short term.
Not a trading advice.
Lumen
Stellar - test of upper level?Since beginning of 2018 the token from Stellar - Lumen - is captured within a negative trend channel.
And since feb 2018 it is near to its upper limit - but didn´t manage it to break through this resistance.
It has rebounded each time and has fallen back to the middle of the trend channel.
It seems that XLM is now on the way to test the limit another time.
Short behind we find strong resistances: a) fib retracement 61.8% (upgoing) and fib retracement 23.6% (downgoing)
IF - if - XLM breaks through these strong resistances and resists to fall back, then the negative trend channel is clearly left and XLM would be in a positive move.
Indicators:
Volume very very low. One can say there is not much left in trading volumen.
RSI has just broken the trend line from bottom to up (positive).
MACD is neutral - not much momentum at all.
STELLER LUMEN DROP BEFORE THE MOON ! Traders,
This little monster will be on the stages soon.
Here we have (XLM)(STR)/USD 4H chart.
The perfect time repeating can be formed on this chart and after reaching those point we will have our entertainment by watching bullish trend creating. XABCD pattern will be optimistic I'm optimistic too seeing this happening after few days.
The bear trend is getting so tight for awhile and after breaking down a few days ago (brown area) I see it's the time or never and prepare Fibonacci to be broken till Golden one
Regards,
Mohsen
XLM will test resistance again in .618 levelKRAKEN:XLMUSD is preparing for another bullrun. After the last impulse wave failing to break the 0.618 level (for the second time), it is clear where Lumen has it's resistance. It will be oscillating at the 0.236 level waiting for another try to break that ceiling. If in the next run it achieves to break the resistance, the next objective will be around .50
Not a financial advice.
Stellar is close to the February lowsDespite the breakthrough of Global Angle Resistance, which supposed to mean the end of the downward tendency and a starting point of the bullish movement, STRUSD drew the Head And Shoulders figure in the resistance zone (probably caused by the fixation of profits by Traders who invested on the 0.26 levels) and went down.
Judging by the fact that the pair stopped falling in the support zone, above the 0.333 support, these levels are still attractive for buyers.
Nonetheless, the situation looks bearish and to consider further grows I would like to see how the price crosses new Angle resistances, corrected by the recent breakthrough of the Global Angle Resistance. Otherwise, the bias stays bearish and too close to the February low, the breakthrough of which borders with the collapse of the coin.
XLM stuck between a btc rock and hard placeEverything is tied to bitcoin, so after we consider the two options, we will consider the likely scenario of how these could play out.
Option 1: EW preserved, we never close a daily candle below 3000 satoshi.
wave 5 can take off when FA gives it a boost. (Fairx ?)
Now, the 3 likely BTC scenarios
1) btc crashes to make LL that $6k.
risk assessment: moderate/high
xlm will likely crash as well, probably finding support with 100 MA (currently 2700 sats). Could very easily close a candlestick in danger area
2) btc surges bigtime
risk assessment: high
xlm will likely dump in btc price. if we blast off from here right back to ATH, xlm will dip down to 3000 sats easy. EW failed, also your xlmUSD price will probably be fine if not better than now.
3) btc goes into equilibrium pattern on daily (higher low, lower high, higher low, etc)
risk assessment: low
best case scenario.
btc goes to 14k, then 11k, then 13k, 12k, then POP! in-between that time, xlm can better set up supports above the danger zone and prepare for launch.
$XLM bullish hidden divergence on 1D chartWell, Lumen has many positive bullish signs, but the strongest sign to go long is a major BULLISH HIDDEN DIVERGENCE on RSI's daily chart. While price was gaining bullish momentum, RSI created more LL's for a whole month. As of now we see our first HH and HL to confirm trend reversal in oscillator. Bullish wedge will pop very soon. See ya at the moon.
Stellar (Lumen) outbreak out of triangle?One can see two patterns: an inverted s - h - s formation (red) and also a quasi symmetrical triangle.
The price seems to break the upper limit of this triangle which would be the neckline of the shs-formation.
As the momentum for XLM is currently strong an upside movement is probable; more than a rebound to the bottom of the triangle.
Even after this breakout XLM hasn´t left the existing descending parallel channel (red). But with enough momentum - and indicators are giving positive signs - it could break to the top and aiming the swing trend line at 0.52$.
RSI is rising, MACD positive and trigger line above signal line, EMA 20 is below but rising. There is only a lag of volume relatively to older movements. Perhaps it´ll come back with good news.
buy: above swing trend line (orange) / outside triangle on the top
stop: below the current support (fib retracement 61.8% at 38.77$)
Stellar(XLM) possible breakoutSince stellar is mostly traded in KRW, so chances are, KRW decides the trend. Here, we see that stellar has tested the resistance line, and a big increase in volume. We have quite a big momentum, and I expect stellar to break out of the current trend, untill it hits strong resistance at 0.52. MACD has already crossed over, but is not positive yet. I wouldn't call Stellar bullish yet on the 24h/12h/6h charts, but if everything is going well this will change very soon.
On the 5min chart, we possibly have a fibonacci wave forming, if this is the case, expect stellar to explode within hours of this publishment.
XLM/BTC TA shows a strong resistance at 0.00005120, however I feel like the XLM/BTC graph is too random, and the BTC/USD graph is key to a TA about XLM.
Possible profit levels:
0.52 dollars
0.00005100 sat (but I expect it to rise higher based on XLM/USD chart)
Like this idea to follow updates about XLM
"POTENTIAL" Stellar Lumens 5K+pssst, hey you, want to make some "shady gains" off some top 10 coins?? look no further
Here are my reasons for why I am watching stellar currently for tomorrow.
Potential downhill channel break
~We look like we could be breaking the resistance of the downhill channel. This would mean a bit of upwards action if we do, and this will be the main thing I am looking for- a green candle tomorrow/or a strong one end of today.
FIB Retracement
~FIB retracement looks OK at best to be fair. We dropped more than we retraced in this current part of the move, so there is still potential for retracement out the channel and then a move to 5.1k (the 0.618).
Where to buy and sell?
~Buy on confirmation tonight tomorrow~ take some profits before the 5.1k, and rest at the 5.1k.
Shoutouts: Adam 4 shady gains
If you made money on my 3 winning calls I posted yesterday a follow would be appreciated!
I'm not a financial advisor and nothing I say is a fact, any losses made through these decisions do not hold me accountable.
If you liked this short post, be sure to follow and like.
~Xander
SHORT Lumen Breakout or Breakdown ! -Down trend-line is getting tight and let's see if it possible to let the up leads price -if we got a 4 HR -3.44% closed candle we will fly with lumen next few hours and vs is worse draw so I'll update it next few hours to see and activate a trade or not
GOOD TRADE GIANT PAIRS
XLMBTCXLMBTC has experienced extreme growth in the last 45 days, and I want to express my excitement and concern.
For the last week or so, my wife and I have been enjoying the second season of Planet Earth on Netflix. It ishilariously depressing to watch those 30 black rooster-looking birds jump up and down for hours just to get that one chicks attention. It's probably exactly what I looked like to my wife before we were married. Humans and animals alike are desperately continuing the past-time of fighting for food, mates, and power.
I mean, that's literally why we sit here for hours staring at multi-colored charts based on the prices of a technology that is relatively underutilized in the modern world. For the lambos.
Positives
XLM has experienced a similar growth-spurt as ETH did in Summer of 2017 and LTC in late 2017-early 2018. On December 29, XLMBTC opened at 1412 and on January 3, closed at 5860 with a high of 6190.
The MAs were severely lagging, so like an animal in hardship, XLM has formed a channel. A triangle as formed with heavy resistance at the top and strong support at the bottom.
The blue-dashed line that divides our main channel was created back in October of 2017 and has served a major role through this coins explosive growth.
Negatives
Volume has decreased significantly, and the 200D MA is far away, though rising.
A demoralizing rejection off the top of the triangle could force a close below Channel B, or break through the triangle and return to the Original Up Trend.
Conclusion
For the next few days, buy below Channel B and sell in Channel A. Stop loss below the bottom of the triangle if you're scared.
Let's wait for the MA to quicken it's ascent and revisit.
Disclaimer: That artic wolf that got absolutely burnt by a 1-day old caribou is still probably better at this than I am.
What's the Next Move for Lumen?This is a pretty short-term scenario, referring to the next week or so.
I see a lot of reputable analysts that I trust show bullishness for what we are seeing here. They believe that these are impulse waves, and we are awaiting another impulse wave to around that target line. I think its definitely possible. BUT, I'm bearish on this one. I think we're still correcting and all these are are ABC motive waves to complete the X in a WXYXZ formation. They just don't remind me of impulse waves, and don't necessarily match my criteria. If we fall back to the critical support line and find support there, with bullish indications, then I may enter in on the trade here. But if I don't see any confirmation of bullishness, then we are likely to fall back to the bottom support.
1) The green lines are the bull scenario
2) The orange lines are the bear scenario
3) We must hold this red support in order for the bull scenario to reign true.
Either way, this red line is where we will probably be consolidating at in 2 weeks or so.