Lumens
#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.
Xlm/btc About to reverseStellar lumens forming a bottom with bull divergence on rsi, getting ready to reverse the trend. will also perform really good against dolar pair.
Mini alt season incoming!With the juicy marketcap BTC has brought in the markets, we should expect a big contribution towards the alts coins especially while BTC will cool off for a bit. XLM is definitely a great sleeper waiting to unleash some green dildos!. The hammer doji highlighted has a decent wick that will confirm atleast an upcoming 30%+ profit, our STOCH RSI and RSI indicators can show that there it is clearly oversold and there also is a bullish divergence in the RSI.
XLM-BTC Long Trade PlanCommodity : STELLAR LUMENS
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
4 Bullish Reasons For Stellar (XLM/BTC)I'll cut to the chase and say that I am bullish for Stellar in the short term.
Reason #1: It is my belief that Stellar found it's bottom and the recent bullish move that followed Bitcoin has only strengthened my opinion on this matter-
Reason #2: Looking at the charts we can see that this is a classic falling wedge formation. d.stockcharts.com
After a big move up not long ago we have stayed in this wedge formation and a move above the upper trend line would be very bullish.
Reason #3: Volume has increased in recent weeks and the volume is also showing a possibiliy of buying increasing in anticipation of a further leg up.
Reason #4: Bullish Divergence. On the MACD we can see that despite being in a falling trend we are showing bullish/positive divergence which is a key element to look out for when spotting a falling wedge formation.
Keep an eye on the top of that trend line, a break above could be very good for Stellar.
Happy Trading!
XLM at a HOT SPOT!What's up Traders!
After a long bearish sentiment, we have finally got our bullish impulse. Price reached a potential weekly inverse head and shoulders neck with price action supported by a huge volume. This simply shows that the big boys are interested in this level. Weekly Inverse head and shoulder pattern indicates the potential start of a bullish trend so our bias is bullish. Moreover, if we close above 0.1367 we also get weekly Higher High and a new weekly bullish trend confirmation.
If bears hold the level, we could see some correction to near-term support(0.11) that is also a round psychological number. This is where bulls could attack again causing market to test that weekly inverse head and shoulder neck.
What are your thoughts on the current market?
Enjoy the ride!
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XLM Stellar Lumens are you ready ?This is very long term prediction for XLM, i used Bittrex and not Binance simply because Binance is too young exchange to make this kind of trends.
i did for a friend always asking me why i don't do long predictions ??? :P
it's always difficult to predict the future but Fibonacci never lie right ??
So in graph u can see that XLM bottomed and will make a Hammer at the end of this month.
it's simply a reversal sign.
i didnt show indicators to keep graph clean but i can tell you that we are very low.
RSI is at 45, same level as 2017 Pre-rally.
StochRSI is Flat and down, can turn up at any moment.
MACD made 6 Down Columns, and this one should be be the last one.
XLM stayed strong in this bear market so now the time will come soon to show some power back.
First Target 7600 Satoshi.
Second Target 18000 Satoshi.
it's just the beginning of crypto world and future is bright !
Don't forget that this is analyse is not a recommendation to buy.
Happy Tr4Ding !
XLM (Stellar)(Binance) Bull Run is started = PUMPXLMUSD (Binance) Bull Run is started.
- Looks like this summer will be very hot!
- Trend lines from past interact well with current local Trend bottom.
- Next challenge to maximum price.
Someone said that Stellar coin (Like Phoenix future coin) of Rothschild and the future, but you can play on the price increase and Pump.
- BTC Dominance is down (we have long target)
Target 1 = $0.29 (+87.10%)
Target 2 = $0.41 (+164.52%)
Target 3 = $1.00 (+545.16%)
XLM Is Breaking Out of Major Channel (Elliott Wave Forecast)Stellar Lumens have broken out of two major channels, confirming wave-e and the first stage of wave-(c). If wave-(c) continues to get retraced faster than it was formed, we could likely be beginning another parabolic rise which would take us to all time highs next month. It's also possible that this moves a little slower and forms a wave-(d) or a wave-B of a higher degree. However, at the rate this has moved so far, it feels comparable to previous parabolic rises that I've traded, so I would not be extremely surprised if we continue moving at about the rate at which we have been which would lead to this going parabolic over the next month.
At the moment cryptocurrency seems to be stuck in this perfect positive feedback loop which could very likely lead to a market-wide parabolic move over the next month. We can be fairly certain wave-(c) has ended based on time, price, and channeling rules, structurally we can't be exactly sure if this is the end of the higher degree pattern but it doesn't matter right now because it's still bullish in either case. We've had price action that is stronger than any price action we've had since Jan 2018. The news is improving significantly and getting better every day. There's still plenty of time and bullish momentum left on the higher timeframes. We've retested the channel and harmonic resistance-turned-support and support seems to be holding. All things considered there's really not much reason to be bearish here and virtually every reason to be bullish. This feels very similar to early 2017 right before things went parabolic. Also we'll likely see more than one parabolic move if that is the route that this ends up taking again because that would be the beginning of a larger degree advance.
The Stellar OpportunityWith BITFINEX:BTCUSD screaming high above $8k, we've seen most alt coins lag quite a bit. Most performances have been pretty bismal, but I think things may be about to turn around if we can see Bitcoin cool off here.
One coin that grabbed my eye was BITFINEX:XLMUSD . I did some chart analysis and it seems to have reversed trend giving us a great set up with good potential upside of around $0.30 for my near term target.
I entered a trade at $0.11
Case for the Bulls:
Strong bounce off of supporting trendline
Clean break out from suppressing trendline
First bullish sign from Lazy Bear Indicator
Bitcoin showing upside
Case for the Bears:
General Altcoin market conditions may not yet be ready
Case for this to be a bull trap
Overall, as long as we hold the supporting trendline, we have an uptrend. All we must do is buy the higher lows and protect our capital in the event of a reversal.
Nothing fancy here, just good ole trend trading.
Cheers.
#XLM on the descending channelThe descending channel started back when the price hit the 4033 satoshis level in which I started to watch the price slowly loose its value. There was an attempt to break the pattern when it was above the 2795 satoshis monthly level but soon after loose the momentum and fall back to the 2130 satoshis monthly level. Now it can just think of it to hit the 700 satoshis level which I've previously seen but it will also seems that breaking the resistance and hopefully a new move will be started afterwards and a rebound and recovery will be on sight.