Bollinger Bands for DummiesA quick look at bollinger bands on the STRUSD chart (Stellar on Poloniex).
Hope you find this helpful.
Lumens
XLM Huge Pennant UpdateXLM doing very well so far after it's breakout of the pennant formation, i expect the bullish momentum to continue, the fibonacci fan can be used for selling targets if we see a huge rally as a consequence of the breakout.
In the short term, the 4000 satoshi level should act as a good support for accumulation, but it is possible that we may see a correction down to the 3500 levels if the market conditions worsen.
The target is pretty speculative, i dont expect the price to head straight there but I beleive it is very possible.
Biffy
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Stellar (XLM): A look at basic TA on a daily timeframeXLM on the daily looks a little bearish now.
RSI starting to drop, MACD momentum is evening out and I expect a crossing over in the few days. The first red candle has appeared since October 1st.
Unless we see a big rally I can see us slipping further down as outlined in my last analysis.
XLMUSD, My buy area is from .195-.210As I've mentioned in my last TA, my buy area is in the .20-.21. I actually already have buys set at .195 in case they are triggered but I'm not sure if we'll dip below .20.
RSI is oversold on the hourly. BTC continues to fall which is bringing the XLM price down with it. A strong performance by Stellar means that XLMBTC continues to impress although there has been a selloff at 4700.
If you have your money in fiat I would watch this space closely.
As always this is what I will be doing personally but it's not trading advice. Have fun out there.
XLM, wait on better positionBased on RSI and MACD, plus BTC recent movements I will be waiting until a drop into the 4000-4200 range before entering a long with Stellar.
I will be looking to buy back in at 0.20-0.21 USD which would mean a fall within this range (unless BTC breaks upwards which I consider unlikely).
I will update this chart regularly.
This is not trading advice, just my own personal idea and thoughts. Safe trading out there.
Idea on XLM/USDTBased on the daily chart, Stochastic RSI is on oversold area, which could potentially reverse on these 2-3 days.
Also, we see that there is a bullish divergence on the Stochastic RSI (daily chart)
On the 4hr chart however, the Stochastic RSI is in a overbought area, which probably would stop the rise of XLM/USDT for a while. and continuing its upward momentum.
There are 3 scenarios that would probably take place.
1. it breaks the 0.382 fib level and go upwards.
2. reverse on the 0.382 fib level, bounce of the 20 EMA, and break the 0.382 fib level.
3. go down to the 50 EMA and 0.5 fib level, and reverse to break the 0.382 fib level.
On the fundamentals side, it is rumoured that XLM will conduct airdrop, giving the current XLM holders XLA (Stellar Activity) with the ratio of 1:2
The momentum/sentiment towards Stellar Lumens (XLM) have been so positive.
Disclaimer: this is not a financial/trading advice.
Good luck to you all!
XLMUSD: Ascending Triangle on 1D.XLMUSD has been one of the strongest performers of the past 2 months. Proof of that are the Higher Lows printed on 1D since Sept 11, that have created an Ascending Triangle (RSI = 55.984, MACD = 0.007, Highs/Lows = 0.000) with 0.3053 as its Resistance. If the price rebounds on a new Higher Low near 0.2325, then it will most likely test the 0.3053 Resistance. Otherwise it may test the 0.18020 Low again. Note that this is a medium/ short term pattern. In order for XLM to restore a longer term buying sentiment, the 0.3523 Lower High on 1W needs to break.
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Factors affecting Stellar (XLM/USD) priceThe news
There are many interesting news surrounding the Stellar, that in combination, should affect the price. It is just the matter of interpretation, and understanding the market reaction to all that is happening. Let's get into it and see what is really going on.
1. Recently, Coinbase has accounted the listing of several coins. Which are ADA, BAT, ZEC, 0X and Stellar.
2. Stellar Development Foundation is getting ready for the biggest airdrop in the history of cryptocurrency. The amount to be released for the airdrop is simply huge to say the least, in total $125 will be given away. It emphasizes marketing intentions of Stellar, which are likely to show positive result by the end of this or beginning of next year.
3. On the 28 September 2018, Stellar has launched the zero-fee cryptocurrency exchange StellarX, which was announced by StellarX co-founder Christian in his Medium post. We talked about these news here: ()
Market reaction
Analyzing above mentioned news, they all are very positive in nature, although market takes time to digest and really understand as to what is happening behind the scenes. Nonetheless, Stellar already showing a steady rise since the beginning of the month. Market reaction is clearly positive, but the question is whether this tendency will continue?
Resistance holding
Technically, price has been trading within the triangle pattern. Although, in November, XLM/USD has increased by 33%, it failed to break above the $0.29 resistance. It's the level that many investors are watching right now as it could be the trigger for the upside breakout. Why this level is so important? - Not only this is where downtrend trendline has been rejected, less than a month ago, Stellar already bounced off the very same level (38.2% Fibonacci). And finally, the RSI is in overbought condition, trading within the triangle pattern and rejecting the downtrend trendline.
Ongoing consolidation
All-in-all, there is not enough bull strength at the moment to break higher, and XSM remains in a consolidation phase. While the resistance is holding, range trading between $0.29 resistance and $0.22 support will continue.
Breakout probability
However, considering all the positive news around Stellar lately, the probability of the upside breakout remains higher. The $0.3 psychological resistance could be the number to watch this month. Break above could invite buyers and/or trigger the buy limit orders, thus pumping the price as high as $0.4 - next key physiological resistance.
Downside risk remains
On a downside, range trading is still ongoing. As long as resistance is holding, it is reasonable to expect price drop, either to the 200 Moving Average or down to the $0.24 or even $0.2 psychological support (88.6% Fibs).
Important levels to watch
Support: $0.238, $0.227, $0.207, $0.194, $0.174
Resistance: $0.289, $0.318, $0.353, $0.400
Short Term Forecast not good for XLM (Stellar)RSI suggests XLM was overbought. I have entered a shirt at 4400 and I expect to close at the 4100 mark where we may see a short revival.
Targets are as follows:
1: 4100
2: 4000
3: 3800
From 3800-3900 I will be entering a long again.
Disclaimer: This is not trading advice, just what I plan on doing.
Stellar XLM inverse H&S, Part 3 TriangleXLM' has been on of the strongest Altcoins of 2018, it's maybe the only that never got below the April low, not even Bitcoin' was able to do this. The past few days have been a confirmation of this (hidden) strength. Why? Just look at the movement of the past few days, the whole market broke the bullish patterns and dropped while XLM' simply made a big bull flag while the rest has been dropping. This shows there is a lot of interest in this alt coin and i assume there is a lot of smart money in this one. Volume picture is good as well, not great but good. So only Bitcoin' could throw this idea in the toilet.
Short term, we should ideally stay above that green support zone from now on. Whatever happens, we should not break that neckline anymore of that ugly inverse H&S, the former red resistance zone. That still gives us a target in that green circle. The yellow circle is the target of that triangle, assuming it is not a bull flag. So that could mean a turn around level if volume on XLM' drops AND Bitcoin' starts to drop. The red resistance zone on the left is the level to break for the mid/long term.
We have moved the stops towards the entry zone around the neckline, so we still have a free trade on this one. Planning to expand this if Bitcoin' starts breaks real levels like 6800/7000.
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Previous analysis: If you want to be more up to date, read the previous ones as well.
XLM trianglesIf you think I will say that XLM will pump soon you are wrong. I have nothing to say about that coin. But it has several triangles that look really nice and I want to show them to you. First look at weekly chart.
Than go closer to day chart. Another triangle and trendlines prices is listenning to.
And finally 4 gour chart. Look how the red trendline plays all the way till the corner of our small triangle. That is not a coincidence. It will play its role either for the dump or pump of the price. And it will be seen very clear as it happens.
XLM is not a pumping coin but as you see the channels on my chart you can trade between them and be very happy with guaranteed results.
Good luck with your trades! Push like if you like my work. It will help me.
Follow up on the XLMBTC price, and strategies of hodling and selYesterday after this post:
The price of XLM increases abit
From 0.00004071 (at the time of the post), to 0.00004231 (now)
Reasons to hodl?:
1. Stochastic still K>>D
2. Bullish divergence at all indicators as shown (RSI, stochastic, MACD)
When to sell? (when it does not reach last highest price):
1. Not being able to get through the last highest price (around 0.000045) and goes back
2. And then from the RSI / Stochastic / MACD it shows bearish divergence
3. And the stochastic indicator reversed (i.e. K<D)
And if it breaks 0.000045 we will have to analyse again.
Potential inv h&s breakout to consider on xlm.If this inverted head and shoulder pattern is valid, price action should climb to this price target seen here. However with the confluence of xlm haviong a golden cross on both the 1 day and 4hr charts it would probably reach this target even without a valid inverted head and shoulder pattern. just my hypotheticsl thoughts could be wrong so no financial advice.
Stellar XLM inverse H&S, Part 2 TriangleSame as OMG, the trade never got active, so once again better safe than sorry. The inverse H&S has turned in to a possible triangle now. Again i will wait patiently for this one for a break of that resistance level, just like the previous analysis. Just everything else in crypto, we want to see some volume getting in during that break out. The target of that triangle can be seen on the right. The bigger picture on the daily, shows much more potential, but i don't expect it to go in a straight line. Think those days are over, so my goal is a decent wave and NOT hoping for more.
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Previous analysis:
XLM - Flirting With A Major Trendline Break - OutThe TA for XLM is just a thing of beauty. The 20MA on the daily should show strong support now. If we start to see daily closes outside of this wedge (above $0.30) we could see a fast and furious re-evaluation back to the $0.50 psych level.
I think $0.25 will be a solid bid if you can get it. set your alerts, this could get interesting.
Best of luck, hit thumbs up.