Lumens
XLMUSD formed bullish BAT | Upto 46% bullish movePriceline of XLM / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.060290 to 0.056511
Sell between: 0.069304 to 0.082804
Regards,
Atif Akbar (moon333)
XLMUSD Has Formed Crab Within BAT And Competed The Bullish SetupIn my previous post I elaborated that how the price action of Stellar has formed a very big bullish BAT pattern on month chart and completed the bullish setup for upto 596% gains.
But the recent bearish move of price line that was started since Nov 2019 to Dec 2019 and leaded the price action more than 53% down.
The above bearish move pushed the forced the price action to hit the support of potential reversal zone of this big bullish BAT pattern even now the price action is hitting the spike beyond this PRZ support.
But now the price action of Stellar has shown another positive move that it doesn’t move down straight even it is moved down in another Fibonacci sequence which can be clearly seen on 2 day chart with Heikinashi candle sticks setup and it has formed bullish Crab pattern within this potential reversal zone of bigger bullish BAT pattern. For last leg the price action was required to retrace between 1.27 upto 1.618 Fibonacci sequence and if we measure its move then it has retraced upto 1.283 and full filled the requirement and confirmed that it is a bullish Crab:
The above harmonic move of Crab pattern has confirmed that the price action is ready to move up again and the next candle on month chart will be moved again within the potential reversal zone of big Bullish BAT pattern or sideways with the current candle and the fear of breaking down the support of this PRZ level is decreased even finished.
Now the targets can be two:
For mid term trade on 2 day bullish Crab pattern:
Buy between: $0.048953 to $0.038544
Sell between: $0.057035 to $0.076600
This trade setup has potential to give upto 98% profit.
For Long term trade on month chart bullish BAT pattern:
Buy between: $0.110241 to $0.059381
Sell between: $0.231517 to $0.413568
This trade setup has potential to give upto 596% profit.
But if the candle stick closes above the 0.786 Fibonacci projection of A to D leg of bullish BAT which is at $0.413568 then the price action may achieve the highest price ever in the history of xlm or atleast it will hit the final resistance of 0.41 dollar.
In both trades we can use the support of potential reversal zone as stop loss in case of complete candle stick closes below this PRZ level.
Regards,
Atif Akbar (moon333)
Wyckoff Porn: Sexy Stellar DistributesXlmusd possibly has begun Wyckoff Distribution. To confirm, price must close below bottom orange horizontal line.
Distribution can play out many ways. This chart depicts one such way by assuming an ABC type correction in descending parallel channel with indicated target price.
Distribution update Green falling wedge broke down. I think price will follow blue wedge formed with the blue dashed trend line and bottom line of parallel channel. Potential forecast indicated with pink arrows and trend line. Timeline not to scale and intended to be part of forecast.
See main idea for more context.
XLM building to make 200%+ movement soonWavetrend and Volume oscilator indicators seem to be lining up to retrace back to the Major resistance 2 line. This may happen once XLM breaks Major resistance 1 line.
This isn't trading advice, just documenting and learning ideas.
Any feedback is appreciated.
Stellar Lumens - $XLM - Let it play out... Allowing the wave (2) low is in place at 0.05140.
XLM has continued its decline. Wave ((2)) has a downside limit of 0.0620. A breach wouldn't necessarily rule out a bullish count, but we would have to rethink it.
Key Levels: 0.05140, 0.05693, 0.0620, 0.0890
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xlmusd attempting to breakout of a 4hr inv h&sThis could easily be a fakeout so I'm not picking a side just yet...however if it triggers XLM could be heading to 9.5 cents in the near future here. Price action is currently testing the neckline and throwing little wicks above it so it's still right in the fakeout zone but if we see 3-5 consecutive 4hr candle closes above the neckline and a surge in bullish volume that will be the signal that it is triggering the breakout. Not a fan of XLM, Jed McCaleb or the recent and very desperate burning of 50% of their total supply..however once thew upcoming bull market kicks in for alts I would not be surprised to see XLM gain 500% or so during that run despite its horrible fundamentals.
85%+ For Stellar Lumens? Getting Ready For Another Jump...Stellar Lumens (XLMBTC) retraced after a strong breakout and is getting ready for its next move... Here is our previous chart:
Right now the chart is looking really bullish. EMA10 and EMA50 have been fully conquered and the next barrier is sitting at 0.00000839 which is EMA100. This target will be easily hit and additional growth will follow.
Chart signals for Stellar Lumens (XLMBTC)
Increasing bull volume.
Trading above resistance.
Very strong RSI.
Bullish TD Sequential.
Altcoins market bullish sentiment.
Bitcoin bouncing and continues strong.
All the details are found on the chart.
You can see multiple targets as well as the main potential bullish scenario marked with green arrows.
The bearish scenario is also possible but not relevant at the moment as it is less likely to happen... This chart is super bullish.
Namaste.
Stellar Lumens Long-term | Weekly Chart Analysis | Over 800%Let's take a look at the Stellar Lumens (XLMBTC) chart long-term, on the weekly time frame...
Let's start with the chart pattern, we can see the classic bullish falling wedge.
XLMBTC is breaking pass the "major trendline" in red. Moving above this level would put XLMBTC above resistance and a new trend can start to take form.
So the market moves in cycles... First, we have a downtrend, the uptrend comes next... How long will it last?
RSI:
The RSI printed the same bullish pattern and hit its lowest point ever, oversold... After a strong bounce, it is showing plenty of room left available for growth (green arrow).
MACD:
The MACD also reached its lowest point ever and is now displaying a bullish cross... Plenty of room available for growth (green arrow).
This is the long-term chart for Stellar Lumens (XLMBTC).
You can see the indicators oversold and sending out strong reversal signals... There are over 800% profits potential to XLM ATH on Binance... Surely, this pair will generate so much more gains/growth in the weeks, months and years to come.
What's your take?
Share your thoughts in the comments section below.
Namaste.
Stellar Lumens Full Chart Analysis | Daily Time-fameWe just looked at Stellar Lumens (XLMBTC) on the weekly time-frame, the long-term chart, now we are going to take a closer look and see what is going on...
Let's start by zooming in on the chart above:
We can see XLMBTC on a very steep decline since November 2018... Stellar never did let go and has been going down since... Only now early reversal signals are starting to show up.
Here we can see a new low being hit (bottom dashed line).
Here can see the volume breakout... We can see volume decreasing and then a sudden jump to print higher volume bars as well as break pass resistance.
The RSI is super strong, over 66.85. This is the highest it has been since March 2019.
If we compare Stellar to other altcoins, we are likely to see some huge growth in the weeks to come... All the details are shared on the chart above.
All the targets are clearly marked... Stellar Lumens is now super bullish.
Thanks a lot for your continued support.
Namaste.
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Weekly analysis for Stellar Lumens (XLMBTC)
Stellar - XLM - A new cycle!Been a while since I watch the USD chart of $XLM and I was chocked. It gave back almost all it's yearly gains?!
A new cycle low is a possibility
Could be minor (<0.07093)
Big support at 0.0626
Break outside channel = first bullish warning
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