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Lumens

XLM Not Looking So StellarReal tight trading channel here, so I am watching it like a hawk. If it drops below the 2500 sat area I would expect this to sit at the most recent support in the 2100 range. If it can stay above 2500 and punch through the line of resistance drawn then I would expect to see a possible run to the 3300 range. Will be monitoring this one over the next week or so. Based on the current 1 day MACD I am thinking this will take a dump like its 3 am on Saturday and it just finished eating Taco Bell.
Short
by PowderCroyt
XLM Crawling Out of the Mud100-day CCI has turned positive, 50-day VWMA now has a positive slope, positive volume is dominating the past few trading days and price has finally crossed above the 50-VWMA. We have not seen these indicators positive in about five months, a sign that there is upside potential here in the medium to long term. Accumulation/Distribution thrown in for good measure. Sentiment is the driving force on all of these indicators changing direction. Since around the time the article included below was released we have seen large local spikes in buy volume. If it proves to be more than simply rumor, follow-through news can bring further positive sentiment to the table. People are looking for cryptocurrencies to deliver real-world value through implementation, so news like this naturally makes XLM stand out among its peers. Spikes in buy volume before this article released tells me that either this wasn't the primary source, or insiders got in before it hit the feed - or both. 40-50 Banks Expected to Use Stellar
BITFINEX:XLMUSDLong
by Derivati_Capital
Long XLM / BTCLike many coins right now XLM is in an intermediate-term downtrend (making lower highs and lower lows). However we've got a good R/R opportunity on a long here being so close to 2018 support levels (as well as being far from recent 2019 support near 3000 sats ). Our weekly slow stochastic cycle has just crossed up as well (this is the cyclical component of our model). Entry - 2220 sats Stop loss - 2060 sats (7% stop) TP 1 - 2800-3000 sats (30% profits) Risk/Reward ~ 1:4 I expect this trade to be invalidated if Bitcoin makes new lows.
Long
by BossCryptoAlex
1
Stellar LumensLong time XLMBTC falling in falling wedge - reversal pattern. Fundamental analisys IBM plans to further expand its Stellar-based cross-border payment system, covering ‘a substantial portion of the world’. IBM has big plans for Blockchain World Wire, its Stellar-powered payment system that was launched in September. Jesse Lund, Head of Blockchain Solutions at IBM, has recently revealed in an interview that a ‘a lot of announcements are coming soon’, but he already spilled the beans on some important details that might make the XLM price shoot through the roof u.today
Long
by EXCAVO
5
XLM Lumens - Last point of supportNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. An update to the previous analysis I did on XLM - Feel free to poke there and see what I previously mentioned. A couple basic and simple things to point out here using fibonacci retracement strategy: Measuring using Trend Based fibonacci (measure 4730-3580-4040) to get lower targets shows the following: Target 1 of the dive was sitting right at 2200 (actually 2208) which is the 161.8% extension. We've fallen below that point and retested it. It's now resistance. It would be surprising if we didn't see some kind of a bounce here. Right now I don't see it happening so the likelihood is we need to go a little lower to pick up some juice to get us to retrace but don't expect the moon quite yet. If this actually does happen, we're not going to go far. Similar to bitcoin, we've broken a major market structure. The question now remains, are we going to bounce here for a while? Likelihood is probably yes, we are. Why does volume disappear in patterns like this? For a couple main reasons: 1. Risk is high to buy this when it's bleeding to death. 2. We're in an obvious bearish pattern and with no way to short-sell this asset, there's no reason to own any of it. 3. The market structure broke. Any trade is risky right now. For these reasons alone, volume will start to fall off the cliff because "smart money" is not buying this and there's no reason for people to get into this asset only to get dumped on by disgruntled holders. I've laid out a potential path. First we'll see some more downside to gather some interest and that will create a bounce and cause retailers to buy in. I wouldn't do it, especially if gets anywhere close to 2750. I don't expect us to go any further than that as it will be major resistance. It's too early to tell but I'm expecting the next support levels after that death wave to be around 1500 or even *gasp* 1000. Hey. ADA did it. Why can't XLM? Trade safely friends! <3 -CE-
Short
by bitdoctor
XLM Stellar Lumens - What are you doing?Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. This is technically an update to an idea I posted several days ago. I thought I saw the bottom at 2225 and at the time most people told me there was no way it would go there but yet here we are, under 2200! This obviously just happened and looking at a 4 hour chart we need to see what kind of a reaction we get here. Technically we have reached the buy zone but before I take a position, I want to see a bounce here. I want to see divergence or something to validate this trade otherwise I am not taking it. Technically we're going to get some bullish divergence if we bounce here but right now the trend is still bearish. Bitcoin has a lot of influence here so I'm going to hold off and see how things develop in the next 8-12 hours. Trade safely friends!
by bitdoctor
XLM - Stellar Lumens Still Looking For Support - Is it here yet?Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Lumens has been looking for support since it broke major market structure around 2900. As many of you know, I placed a trade and got stopped out. When that happens either you walk away or continue to look for a place to get back in. That's exactly waht I am doing now. First I need to see why the structure broke and where it might be going from there based on algos. What I can see is a potential 5 wave bearish impulse in the works with some bullish divergence forming in this general area. Trend based fib from wave 1 takes our high probability target down to 2225ish. Further, a measure of wave 3 from about 4040 to 2884 takes our high probability target to 2169. I do expect some support here. Also, there's this little channel we're currently in. It's obvious that we're about to converge on a bunch of confluence in this particular zone. On, also, we're in a squeeze on the 4H timeframe. It doesn't look the greatest right now, but the squeeze hasn't really exited yet, either. I will be looking for a reaction there. A sign of strength. I am not placing a buy order in that area and nor should you. Wait for the market makers to do their thing and start consolidating. If we continue in this diagonal and don't start some linear bearish drive to zero, this will be a good sign. Trade safely my friends.
by bitdoctor
XLMBTC - Switch in sentiment?Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. I had mentioned previously that XLM was at a critical level and that has not changed. In the last couple days we are showing signs of bullish divergence so I felt like I had to take this trade setup. I've got a strict stop loss here in case I am wrong on this trade. I'm looking at an entry around 2962and targeting around 3500 to 3700. The reward value is pretty good so I am willing to take on the risk here. We're in a bear market as I keep reminding everyone so any time you try and go long on something, you've got to have a stop. Not trading with an area where you know you are wrong is just reckless. Know when you're wrong and cut your losses. It could rebound but I'm willing to bet some of the people that bought at 4400 to 4700 thought the same thing. Know when you are wrong. Trade safe friends!
Long
by bitdoctor
XLM ~ Wave Trading ~ 25% Profit Going to keep this description brief as I think the chart speaks for itself. XLM BINANCE:XLMBTC has been trading in a range bound pattern for the majority of the past year. The 6th largest cryptocurrency by market cap is now primed to make another large move upwards. Price has tested the .00002900-.00003000 BTC level 5 times and has never closed below so buying at this level poses little risk if an adequate stop loss is set. DMI indicates that trend is reversing. The last few times that DMI has shown this reversal we saw serious upwards price action shortly after. In addition, MACD has also had a bullish cross and is now looking to pass above the histogram line. With all that said, here is how I plan to trade it...... Exposure/Targets: Entry: .00003003 BTC Stop: .00002821 BTC (-6%) Target 1 (30% equity): .00003425 BTC ~ (14% Profit) Target 2 (30% equity): .00003695 BTC ~ (23% Profit) Target 3 (30% equity): .00003930 BTC ~ (31% Profit) Target 4 (10% equity): .00004185 BTC ~ (40% Profit) Happy trading! If you like my content please like and comment and let me know your thoughts. Cheers! ________________________________________________ Credit @dennisd ________________________________________________ * Not financial advise *
Long
by smythca1
2
Stellar Lumens XLMBTC Looking for ConfluenceNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Oh where oh where is Lumens going? So much news coming from the Lumens team. Recently, Lumens calls Tron a scam (basically) and doing whatever they can to prop up the price at this CRITICAL LEVEL . Speaking of Critical Level... does this bounce, bounce, bounce look familiar? Because if you've been in this market for a while, the bounce should be very familiar. Bitcoin did it at $6000 all year long . Then... it broke. The moon boys were getting demolished and, well, it was sad to watch the destruction ensue. Let's try and get ahead of this one. As always, risk management is key and know when you're wrong. Here's my basis for this trade: 1. Break down below 2875/2900 for about 2 weeks then a heavy rebound. 2. 4 times a reattempt was made to break 2900. Eventually, probability has historically shown, this will break and become resistance. If we break 2900 with confidence... where are we heading? We look for confluence. Most important levels I can see here are around the 1750 level but quite honestly, there's a devastating 500 satoshi level that would be absolute worst case scenario. Let me qualify this a bit. I am bearish in this market. Heavily bearish. This does not mean that 500 will hit. In fact, it's unlikely, even though there's confluence at that level. I see 1750-2000 being much more likely. There is a chance this trade will be wrong. I am not saying to short XLM. I am simply saying to set a stop loss around 2875 if you are in it.It's on shaky ground right now and there's a good chance it will fall through this support (highlighted in magenta) and will stick around there for a while. I threw the volume profile there mostly to prove to you where the most agreed price lies. 468 satoshis. I do see the support at 1700 on the volume provile though. The fact that XLM flew through 1700-2500 last December tells me there will be a magnet to try and fill that trading zone a bit.
Short
by bitdoctor
XLM - don't you know pump it upIn the extension of my Bitcoin / Altcoin general view: Stellar looks to have finished its ABC correction. Will consolidate here for a while for some accumulation. The fib. time zone overlay + horizontal fib. indicate (just like on the other blue chips) that around 9/10th of jan a pump of at least 40% is to be expected. If the 'full' alt rally cycle will be unleashed is something I cannot tell from the charts (yet). What I do see is a potential uptrend (wave 1 of 5) on the Total alt market cap, which signals me a decent rally is to be expected beginning of 2019.
Long
by vip3rtje
2
XLM Bullish Wedge Pt. 2: Still looks good.BITFINEX:XLMUSD still looking strong after my last post where I PERFECTLY called the target of the bullish wedge. That one was pretty popular so this is the follow up. After a retracement, it's moved up back to the resistance. If it breaks above the support and confirms it on the H4, then we're good to move up again. Extra bullish bonus points: if this current candle becomes a bullish engulfing candle by surpassing the previous high. However, I think it would be more likely that we get some retracement first. Even the green fib level would be enough. If it bounces right off and starts moving down below the significant fib level within the next day, then it signals that it could be a red pizza slice double top kind of thing. If you don't know what this is, you can read my latest Chainlink analysis. Chainlink and XLM have a lot in common, and that is that they are my favourite alts and the ones I am most bullish on for the long term with great fundamentals. Highly recommended to look into it. Moving on, let's have a look at our indicators, volume is still very solid today, and the MACD hasn't even crossed over or turned down yet. Very nice. We'll wait for a 4 hour close and hopefully we can get a bull flag that takes the pair to $0.20 or more over the Christmas weekend, but that would need even more interest and maybe even a surprise holiday announcement ;). If we break down, then the target is back to the bottom of the wedge at around 9c-10c. We'll also be analysing Bitcoin's next move so be sure to follow for more updates to come if you are not already. Happy Christmas! -Etch. Previous analysis:
BINANCE:XLMUSD
by Etch1234