Lumens
Bitcoin in a Wedgie, Altcoins could BoomSummary: Hold cash in your trading funds for a breakout to the upside and hold your investment positions.
Trading on margin is a fools game in this market it's screaming short squeeze.
We have been in a Bulkowski's Descending Broadening Wedge formation for the last 8 days or so. According to the rules for a long term bull market we have touched the bottom of the wedge for the 3rd time at March 30th and that should have been a buy.
However I did not buy, since the volume was not supportive of a buy in my opinion. I am also considering Bitcoin to be in a short to mid term bear market with a long term bull market still in place. If you take a look at the ellipse on my chart it highlights what I consider to be a very dangerous area. A cross of the price at the intersection of the line labeled previous downtrend support, the bottom of the descending wedge, and the descending red dotted line of the long term decent would be very bad. If the price were to cross the 4560 area in any case it would be likely that prices could decent to the 3627 quickly and then lower.
The RSI wants to go up as well as the MACD. Watch for a breakout over the upper yellow line of the descending wedge. That will be a sign to go on alert for a possible trade. If we should get a breakout above the 7250 range, then the current downtrend should be over and a new trade can be opened. If a trade opens then be watchful of the 60 Period EMA in Red above which is currently around 7557 for strong resistance and a possible pullback. A close above the EMA would be very postitive.
When the market breaks to the upside on Bitcoin, I will also add to my alts, top of my list currently are Verge XVG, Lumens XLM, OmiseGo OMG, Dash, Waves, and Golem. All of these are solid projects with good teams and have the ability to quickly rebound by 300% to 500% in price.
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac `
Stellar Lumens XLM STR Dual Chart Anaylsis [BTFD]most of the volume for Stellar Lumens is on Binance now...
1 Binance XLM/BTC 1,973 BTC 0.00002681 BTC 30.86% Recently
2 Upbit XLM/KRW 1,216 BTC 0.00002769 BTC 19.01% Recently
3 Poloniex STR/BTC 450.95 BTC 0.00002674 BTC 7.05% Recently
4 Bittrex XLM/BTC 403.92 BTC 0.00002676 BTC 6.32% Recently
5 Kraken XLM/EUR 286.54 BTC 0.00002658 BTC 4.48% Recently
but not much history so using good ole poloniex
quick summery
Volume has been decreasing since the new year but plenty of good setups allowed us to profit really well from STR/XLM in the last years
looking to do this again and guided by the Gann fan and the trend we can see its been in consildation and could be a good time to get in and take a very sound fundamentally coin to the next level, its what XRP wishes it could have been, i see many people flipping over since Stellar crew are solid, progressive and the coin works!
so if looking to enter wait for the BTC dips which will bring it down in USD price (under 0.20c would be ideal hodl price) and keep an eye on the BTC price and align the buy accordingly, i think 300 sat STR again, is out of the question but you never do know min crypto.....
confirmation of bullishness will be a MA golden cross on the daily or the 4hr and a clear break up outside of the red traingles; alerts have been set and making money has never been so easy really!!!!
IF stellar breaks downwards of the red areas of the fans then we can consider a bearish take and look for lower entries, i dont think it will but i cannot see into the future, only take good guesses
my target for EOY (end of year) is above $2 (although this could be very conservative) and swing trades might want to target $1 first and be plenty of room for buy ins with the 2018 crypto bubble as it expands.
good trades all and plz come join us on our very active and friendly chat channel or the feed for updates and no smack
23rd March Lumens (XLM) Bear market cycle end point1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term.
2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle.
3. However there is still the final down move to go before the bears go and hibernate.
4. Looking at the potential down move of Bitcoin, I am extrapolating where the altcoins will go because if bitcoin crashes, alts will follow.
5. I am looking at $4000-$5000 area for Bitcoin to end the bear market move.
6. That spells disaster for most altcoins.
7. This will be the final update for altcoin until the bottom is found or by some miracle the bull move starts without crashing to my theoretical target.
8. You don't have to believe me, I am just another analyst, ridicule me as you like, but that is where my chart points to.
9. I don't know what kind of FUD news will bring us there, but news always follow the charts.
10. Finally Lumens (XLM) end of bear market cycle point is below 5 cents.
$XLM Lumen looking bearishClear downtrend channel goes hand in hand with the RSI.
Last level of support is at 2500 sats. If that breaks it should hit the bottom of the channel. From there it might bounce back up and 2500 sats support becomes resistance.
With the way the market is at the moment i doubt it will find support at 2500, it seems to be going down that line, hit the red box in the channel, try to break resistance at 2500 again and fail if the market is not ready by that time.
EMA 55, Ichimoku, RSI, Trendlines, market sentiment and low volume all together seem to confirm the bearish trend with no sign of reversal.
XLM Lumen updateSeems my previous idea worked out, it hit the bottom of the channel and went up to my target.
A reversal might be in play here if it bounces of the 2500 sats level which is critical. If it does, it will break the channel en an uptrend might be possible with a target between 3200 and 3500.
It will then touch the ichi cloud which makes things interesting. If it does indeed break 3500 our next target should be 4000 sats at the top of the cloud.
RSI also looking for reversal, a bit early to tell of course but sentiment in the market is bullish and some alts are taking off already so it would not surprise me if this is the moment for XLM to take off.
Bottoming pattern on Stellar. Are we aiming upwards already?Coin of the day is Stellar (Lumen).
Bitcoin recovered after it's weekend fall and now trading above the 8000.0 support. The Bitcoin growth ahead of G20 summit returned demand on big cryptocurrencies. And many of them appear to be at the lowest prices, attractive for buyers. Stellar is one of these coins, already showing a 15% growth from the recent bottom.
Traders are watching this week’s G-20 meeting for any signs of a coordinated clampdown by regulators, who have been stepping up scrutiny of digital assets in recent months amid concerns ranging from money laundering to tax evasion and fraud.
G-20 speeches will touch mostly ICO and coins that provide anonymity, so it is too risky to look at such coins as Dash, Monero or Zcash, this week will be a test for them.
Stellar, in its turn, is a technology for the banking sector, which can easily survive the limitations of anonymity.
XLMBTC bounced off from the 0.0000237 low accompanied by the strong growth of volumes. This upward movement restored all weekend losses and broke through above the first bearish trend line resistance.
Now the coin fluctuates around the 0.0000275 resistance level if it will be able to break above this level - the next target will be 0.00003 resistance, Global Trend Line resistance, and 100-days EMA.
Lumen brilliant risk/reward ratio, shown with hypothetical $1500According to the Elliott count, Lumen is in a wave 4 correction. If this is true we should expect a move up to about $2 (which I see as a very modest target when you look at the log scale). Buying now, at $0.2 and $0.1 and not selling until it reaches $2 gives more than a 10x risk reward ratio. So a hypothetical $1,500 investment allows for a possible $16,000 profit. I don't want to be too optimistic about the win/loss probability of this trade but I am estimating about 50/50, so anyone needs to be prepared to loose what they put in.
17th March XLM Very near reversal zoneXLM has reached a strong support area, it may go down abit more, but unlikely too much. The Daily RSI has finally reached oversold conditions, ripe for a bounce. Price is very very near reversal zone.
This bearish market is nearing the end, but we may go sideways abit more before the next bull market starts.
$Stellar Lumens Ascending Triangle?I remember back in July when the alts made their first market cycles, and after breakout of the previous ATH they go into ascending triangles before the big 1,2,3 Elliott Wave sequence.
We have Bullish Divergence on the MACD, along with a strong oversold bounce on the daily RSI.
I noticed a lot of traders are calling stellar bearish due to the previous market cycle, however, I still see Bullish continuation still to come!
If prices hold this trend line we very may see this ascending triangle play out nicely.
Stellar TA Stellar BINANCE:XLMBTC is one of my favorite cryptos and I have been following it for sometime. I am still pretty new to the TA game and still working on my skills. I zoomed out this week to the weekly chart and saw an interesting potential triangle pattern forming. So I drew some lines and tried to see if I could make it work.
This is what I came up with for the weekly. Then I zoomed into the daily chart to see how the pattern looked day to day.
I also saw that trend also works going from the previous weeks candle which makes things slightly more interesting.
And after zooming into the daily you can see the trend lines lining up a little better to the price action that has been occurring.
Either way if it continues to follow the downtrend channel it will have resistance at the .5 fib retrancement and if it fails to find support I believe it will continue in the downtrend channel to the .618 fib line. If it bounces on the .5 fib line again I could see it trying to test .382 fib line but it would need to find support first with a lot more volume. I am looking forward to what I believe will be a very good year for Stellar and excited to go to the moon and beyond! If you have any TA tips or suggestions let me know as I want to continue to get better at TA.
STELLAR LUMENS/ USD 2018 PredictionI Believe we are just about to start the 5th wave of the Elliot count.
This is a LOG Scale dating back 1 year starting from the Pump that happened May 2017 to the present day.
We are closing in on the descending wedge which should hopefully signal a break out. I dont believe this will be as big as the last pump, but theres still plenty of blue sky left in this run.
Im seeing a Top around $2.00-$3.00 near end of April early May followed by a steep correction and long consolidation that should last the entire summer into late fall early winter.
Then 2019 should begin the next market cycle there after.
Just my humble opinion... I could be wrong, but this is how i see the stellar cycle playing out
Feel free to add comments and give your feedback.
Lumen - XLMBTC - Potential 100% Profit Trade coming upXLMUSD is playing a down channel for last few weeks. Now its time for reversal. BUY on Support Lines and Yellow Zone.
Expecting to breach Red Line Resistance on the TOP.
Profit Target Green Zone.
Potential 100% Profit Trafe in Medium Term : XLMUSD
We will close our SHORT Call now
XLM to 1800 Satoshis Then All Time HighHey Everyone, I have been calling this XLM move since mid January. We are most likely going to get to the 1800 Satoshis level and only then MOON to All Time High (Around 9000 satoshis). This is yet another good example of how Fundamental Analysis doesn't always work. We've only seen good news for XLM in the last month or so and yet it is still going doing. The reason behind it is simply because BTC is too strong and is dropping so everything else is.
Please follow, like and comment if you agree!
Not enough volume. Stellar going down to 3000 and below.I wish STRBTC would keep on going up but at the moment, there isn't enough volume to keep going up. The 3hr/2hr/1hr are all over bought. The 4hr/6hr Stoch RSI are becoming overbought.
Stellar returns from the bottomCoin of the day is Stellar (Lumens)
The pair pushed upwards denoting new bottom at 0.0000275 level. 100-days EMA also played a supporting role, albeit with a small penetration.
Now the pair established an uptrend direction and held it. Nonetheless, we can’t identify a complete turnaround pattern as long as the Global Trend Line Resistance will hold.
Hence, targets for the near-term is 0.000035 level and Global Trend Line Resistance.
From the downside 0.0000333 level and 100-days EMA will play as a support.
XLM Lumen about to breakout to the upsideIt appears that Lumen XLM is about to break out and move higher. I've set a target of $0.77 for mid to late April. This relies a bit on BTC price action to support the overall altcoin market as well. The price action is shown in the triangle formation to be squeezed into a narrow band of selling with declining volume. The chart would indicate that this selling pressure is about exhausted and the next move is up. Looking at the Elliot waves it seems that the move is confirmed. Also the Fibonacci numbers show an oversold state and provide an indication of the price movement into the future. My projection for the price is a combination of looking at the recent historical swings and the Fibonacci levels.
I have previously added XLM as a HODL (long term buy and hold) for my portfolio. From a fundamental investment viewpoint, XLM ticks all the boxes and is a solid project that is in production with a great team behind it. As always, I am using 10% or less of my holdings for trading and the rest are in long term hold. I do not use leverage/margin and I do not recommend it.
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All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment adviser before trading or investing. Trading crypto currencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Lumens...You've Come A Long Way And There Is Only One DecisionI'll be honest. That entire correction was/is weak. Anyone one who bought at the top, had no stop loss (hard or soft), or HODL'd got hurt. But the entire crypto market is setting up. Kinda hurts to put money in right now after such an abrupt and ripping take from the bears.
Long investment strategy, however, with the current analysis, I am seeing slightly lower prices (which is very good). Lumens is one of my favorites, my baby, my long--but I will drop in a second if it turns on me. But it has held a value I never imagined. I only do TA because the FA is above my pay grade and ability. But definitely a coin I and many others are watching.
Educational Analysis People.
--longmoney