Stellar Lumens Strong Growth ContinuesStellar Lumens found the bottom on the 29th of June, when it hit the $0.17 low. Then price has consolidated for nearly two weeks and since 12th of July price started to move up sharply. In less than a week Stellar gained over 60% against the USD and currently trading at $0.3.
XLM/USD already broke the 23.6% and 38.2% Fibonacci resistance levels, along with the 200 Moving Average and the extended ascending channel. So far all the facts are in favor of the uptrend continuation and Stellar could go up to $0.4 resistance.
Although short term trend is upwards, price still could retrace back to one of the Fibonacci support levels. But, when/if the upside target is reached, it would be important to watch price action near that level. Break above should confirm the trend reversal, where the long term uptrend might start. On the other hand, rejection could result in a continuation of the already established downtrend.
Lumens
XLM about to break to the downsideDisclaimers first: I have a large bag of XLM - some bought at the price higher than present - and some that I bought a lot cheaper. I decided to offload my XLM that was in profit based on my reading of the chart. I am not a professional etc etc and this is posted to further my own education.
Am I bullish long-term on XLM? yes. Am I impressed with their recent progress with peer to peer money transfer? Absolutely. I am definitely not a hater of XLM. Saying that I have offloaded the in-profit XLM I hold for fiat based on;
1. Five waves are seemingly present and the wave measurements stack up,
2. There is a clear corrective pattern currently that has has a significant rally,
3. There are some clear signs of weakness,
4. I start to get worried when I see a rising wedge at the end (or seemily at the end) of a large rally.
The best explanation is that this isn't a 5th wave ending diagonal, but rather a large wedge formed in the B of the corrective ABC move. This would strongly suggest that the C wave is about to break downwards (and with decisively) shortly. Because I cannot easily count 5 waves in the larger wave (A) which I named (a), (b), (c), I would expect (C) to travel further than (A) - since wave C always has 5 waves.
I could be wrong, but seeing as I was in profit (not a common experience in the past 6 months) and the current situation looked uncertain so I chose to take profits. Happy trading.
XLM (Stellar Lumens) - Shot out of the Coinbase CannonCoinbase Rumors/Tweet should provide a nice sustained run for XLM over the next couple of weeks. All the USD pairs that were named (i.e. ZEC, ETC, ADA, XLM, BAT, ZRX, etc.) should be looked at for opportunity as they should be bouyed by the rumors.
Wait for XLM to retrace and then enter in by step buying starting at the noted buy zone.
XLMBTC daily chart as you all know, XLM received a siginificant fundamental news to bump up the price action over the weekend (Coinbase Announcement)
aside from the coinbase announcement it is also one of the top 10 altcoins and lots of projects lined up before the end of the year.
on the technical aspect, it is nearing the completion of the symmetrical triangle formation.
riding above the 20 EMA on the 4 hr and daily, it is showing clear sign of strong trend reversal and leading the altcoin market in doing so. it also had a double bottom and showed strong support at 2900 - 3000 sats range.
the critical overhead resistance of the formation is at 4200 sats and if we reach that level, you are looking at 5000 sats as your next stop to take profits.
if it goes down south, and invalidate the pattern by turning bearish again, im looking to enter a position around 2150 - 2200 sats range.
DYOR and practice risk management. happy trading!
$XLM, Disaster Or Moon…
Daily
Looking at our trigger timeframe we see Lumens is currently testing a critical support level at 3000. Stochastic RSI showing momentum is looking to set a higher low, a close below 3000 indicates a drop to 1500. However if price decided to close above 3100 we should see a run towards the upside.
4Hour
Shifting over to our pattern timeframe we see price currently stuck in a minor descending wedge, as we broke out of our major wedge. A 4hour close above 3100 and we should see XLM take off towards the upside, however if we fail to break above our wedge expect price to make a radical sell off.
XLMBTC Binance 1D up to 06JUL18 Crypto Trading Analysis (TA)BINANCE:XLMBTC
1D Chart, also works in 4H, at this time Stellar Lumen (XLM) is moving up from the SUPPORT ZONE (0.00002900 BTC), gaining strength to increase its price. The 50, 100, 200 MA 100/200 days signals are moving into a divergence crossing descending stage, but the MACD Indicator signals already pierced below the Histogram (BLUE ARROWS), and the RSI Index is in Bullish after crossing the 40 mark (GREEN ARROW), we could spect the XLM price to move UPwards in the next days. But remember, this is our optimistic approach, keep in mind that is plenty of possibilities to witness a reverse from any point at any time. At this time the Market Cap is in the 260 Billions Band and the BTC is traying to push over $6.5K. Good Luck!
1D Chart, también funciona en 4H, en este momento Stellar Lumen (XLM) se está moviendo hacia arriba desde la ZONA DE APOYO (0.00002900 BTC), ganando fuerza para aumentar su precio. Las señales de 50, 100, 200 MA 100/200 días se mueven hacia una etapa descendente luego de cruzar divergentemente, pero las señales indicadoras MACD ya cruzaron debajo del histograma (FLECHAS AZULES), y el índice RSI está en Bullish después de cruzar la marca 40 (FLECHA VERDE), podríamos observar el precio XLM moverse hacia ARRIBA en los próximos días. Pero recuerde, este es nuestro enfoque optimista, tenga en cuenta que hay muchas posibilidades de presenciar un retroceso desde cualquier punto en cualquier momento. En este momento, Market Cap está en la Banda de los 260 mil millones y el BTC está tratando de superar los $6.5K. ¡Buena suerte!
“Only Bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin,” — Steve Wozniak, co-founder of Apple
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
Unless there is big news coming up, not looking good for StellarWe know that there's a lot happening behind the scene for Stellar. I'm super bullish XLM in the long term, but the charts show a short in the coming few days.
As you can see, there is a descending triangle forming on the daily. Will see a clear break up or break down in the next couple days. Chart points towards a break down.
Disclaimer: Not financial advice. Charting what I see.
Falling wedge breakout for LumensWe have broken out of the long term falling wedge and broken above the 20MA as well. The descending triangle the RSI was trading in has also been convincingly broken.
One thing I find interesting is that the 20MA seems to be forming a double bottom at the exact same position. If past performance is an indicator, we should be seeing significant movement upwards in the next few days.
Disclaimer: I am not an expert, and this is not trading advice. Charting what I see.
The Price Of XLM Is Stellar!I almost bought XLM at 3k sats today but ended up buying it for tad more I have been taking positions the whole way down and am proud to say I think the worst is over.
We should be moving up to the 3600 sat mark within the next day or two. In order for this to happen - BTC has to continue its slow recovery as well (which it appears to be doing).
This is one of my favorite crypto's- not just because I like the project - but because it can quickly pack on the pounds.
We are in a double bottom reversal situation and should continue this pattern until at least 3600 sats before we re-evaluate.
XLM at these prices is a bargain - I've already gained about 100 sats from a well placed trade - the full recovery will be much bigger!
The only play right now is to buy and hold - there may be a short opportunity at 3600 sats if we take another dip before moving higher. The safest bet is to buy and hold until we are absolutely certain we are entering a bull situation of any significant length. The only debate should be whether or not you think XLM will recover faster than some of your other coins. I am personally re-evaluating my LTC situation before the recovery.
** I don't usually chart XLM. Please LIKE or FOLLOW to let me know others are interested in this pairing.**
Downtrend intact. Short.The price is surprisingly very well supported on our established first support line at 0.21539646 (yellow line), creating a Rectangle on 4H (STOCH = 47.872, MACD = -0.002) fuelled by the high 1H volatility (ATR = 0.0026). That discontinued our projected Channel Down continuation but the underlying trend on 1D remains heavily bearish (RSI = 34.263) as seen on the blue dotted lines. We expect 0.21539646 (yellow line) to break soon and hit our TP = 0.18000.
XLM/BTC 4hr...Was That A Front Run? ;-)...Hello fellow traders. Posting this trade as an alarm did hit. Good trading is more about money management and risk control--not being right like every other trader on TV ;-). When I see particular setups I DO NOT hesitate. I know when I am in and when I am out. So for this post, I won't bore you with the technicals. They are there; take my word. This chart should be self-explanatory. But most of my followers are more-so interested in the general direction. And please be advised, I do have private charts as well. This is here for others to learn. So, in the meantime, longmoney is long ;-)
Trade safe everyone.
--longmoney
Stellar Lumens VS Bitcoin Upside TargetSince March Stellar Lumens went up from 2100 up to 4900 satoshis, while breaking above the descending channel and the 200 Moving Average. Price has found a strong support at 3500 satoshis area. This is 50% Fibonacci retracement level, which has been rejected for the 3 consecutive times.
It looks like XLM/BTC accumulation phase is getting to an end which should result in a strong move shortly. Considering the the bullish momentum remains strong and price stays above the support, price is very likely to start rising and could reach the upside target at 9k satoshis resistance. The resistance is confirmed by 161.8% Fibs, applied through the all time high, and the 361.8% Fibs applied to the current corrective wave down.
Break and close below 3450 satoshis level might invalidate bullish outlook, but only for the short term, and could send price lower or perhaps just extend the consolidation phase.
STELLAR MADE EASYIf it break the dotted orange line, the best entry point would than be 7cts 1 Stellar.
7 cts is the conjunction of the bottom blue line of the rising wedge, and the bottom line of the black falling wedge. Moreover another important most of the time supportive line intersecate also with the two lines at 7 cts.
7 cts gravitational point for stellar
Becky on XLM - Lots of PotentialHey lovers! A new one today, XLM.
XLM is one of the only coin I'm optimistic about right now. Fundamentally speaking this coin is probably the most promising in crypto. TA wise it doesnt have anything to deal with down there BUT I am almost certain that BTC will drop again and theres no way XLM can fight it off, BTC is simply too strong. For that reason I am gonna wait before I go in but logically speaking my entry should be at 3400sat ish (as of now but things can evolved into something completely different and that is why I am being patient and not putting my money into it right now).
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me on Tradingview/Telegram <3
XLM/BTC 4 hr Binance...Definitely On The Watchlist ;-)Hello my fellow traders to this long overdue update on XLM.
Whether you approached this trade based on the close double bottom or on the previous resistance offering the support, it has a been trending up and providing some real market movement clarity.
Longterm bull on XLM. It is easily in my top 5 coins. I'd like to point out my rough draft trade example to help other show how I trade. Keep in mind, I never reveal my true targets, not to be deceptive, but they continuously change on the fly. We are playing with house money, and your personal money management techniques are key to how those long, and short, approach these markets.
Please refer to the chart for my info, as it takes less time for to explain this way, rather than using words which many new traders do not understand. Hell, in my former life I invested, but now I trade. So I try to make these as simple as possible for everyone. Myself included. We had some other coins trade real nice, and I hope you have taken some profits. I know I did. We still have some ways to go to confirm the bullish trend with XLM, but I do like nonetheless.
Still waiting to break the 65 from the high of my previous swing to be certain with my proposed count. So if you're not already long, no reason to be now. Let the market show you its secrets. And take them retracements when your TA supports.
Use only for your education and training. Good luck everyone.
longmoney
Bull flag forming for Stellar LumensWe can see a bull flag forming for Lumens after the big push up we had yesterday.
You can enter a position now, or if you want to be safe, enter a position when there is a clear break from overhead resistance. Target is the breakpoint + 550 sats.
Please note that this is not financial advice. DYOR
Stellar could go UP soonCoin of the day is Stellar
During Bitcoin stagnations, traders look for alternative coins, big and backed by real usage, which could be in the future without Bitcoin.
Technology that uses blockchain to power payment systems sounds exactly like the one that will be useful in the future.
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation.
At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked. In the aftermath, Stellar co-founder Joyce Kim claimed this was a flaw in the Ripple protocol, but this statement was challenged in a blog post by Ripple Labs CTO, Stefan Thomas. The Stellar Development Foundation then created an updated version of the protocol with a new consensus algorithm. The code and whitepaper for this new algorithm were released in April 2015, and the upgraded network went live in November 2015.
Latest news:
23 May - Jed McCaleb, comments on SatoshiPay partnership with The Register and giveaway of 1000000 XLM to users as a free bonus: “This is an exciting moment for Stellar and the cryptocurrency community as a whole, as it represents one of the first mainstream uses of blockchain payments in reaching millions of consumers. We’re proud to be powering SatoshiPay, helping make micropayments faster and cheaper than ever and thereby bolstering the publishing industry in its quest to unlock additional revenue streams in the new digital age.”
15 May - IBM To Use Stellar For Its First Crypto-Token On A Public Blockchain. Developed in partnership with carbon credits startup Veridium Labs Ltd., the "verde” tokens will be issued on the Stellar blockchain, and are designed to give enterprises that pollute the environment a way to offset that damage by supporting a patch of Indonesian rainforest.
Technicals
XLMBTC chart shows a double bottom pattern at 0.000035 level, which coincides with 100-days EMA. Reversion in nearest term at this level fit into a continuation of the Aprils uptrend scenario. Bearish Trend Line, which bounds correction pattern from 2018.05.01 have to be pierced to approve reversion and beginning of the growing cycle. 100-days EMA and 0.000035 level should stay supportive for the take-off scenario. After piercing of Bearish Trend Line, the next target will l be 0.00004 level.
Stellar ... Lumens ... **** $STARS$ ****I guess there is nothing much to say.. chart speak by itself... Bulls are rounding Stellar for a while now... Bullish is in the Air.
C&H Completed: Bullish
Cypher Completed: Bullish
Shark Completed: Bullish
Volume supress: Bullish
MACD converging: Bullish
EMA 13 playing around with EMA 34.. seem will try to touch her again and maybe cross her too..
BUT.. There is this PINK line.. determined by:
(A): EMA 13 bouncing on EMA 34 on March 26, and
(B): EMA 13 crashing on EMA 34 on May 15.
++ 1:1 Target of Shark pattern..
ALL THIS AT .786 retrace fib level.
so Pink line is the first target... and if Stellar breakthrough it ... well.. do you have hot water ready for at least one coffe?
This is just Psychedelic Mad Painting .. in this Sunday's night TV Show Episode called "STARS .. STELLAR.. LUMENS"
GoodTrade
-CJ-
XLM Ascending ChannelOn a log scale, XLM continues to follow an ascending channel. Will expect XLM to follow this throughout the summer and into the fall as the overall cryptocurrency marked rebounds, more ICOs launch on the stellar platform, Stellar goes live with the Lightening Network, and, with any luck at all, Stellar is the platform on which the first Central Bank Digital currency is issued on.
Long XLM; Price target of $3-5 by EOY 2018.