Lumens
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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#XLM follow up Falling below the support level from the previously formed wedge means that the direction will be down and looking towards the next monthly support level of 720 satoshis. This is a very strong support level and one of the lowest prices in a long time for #XLM. In my opinion it will go and test that support level before recovering to the previous monthly support of 2130 satoshis. Current prices seems to be a good entering point for long term trading. Keep looking at the descending wedge that has been pretty much the driving force of the current move, wait for the next move and break of it before getting aboard.