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#XLMUSD - Drop to Recent Support, or Further?After a very healthy 15% gains from a recent #Lumen Long trade with Crypto Tipster v2 we've now been shown a Sell signal after testing and getting rejected by strong descending resistance. We do have a reasonably close level of support with #XLM, how strong this support turns out to be is the question (isn't it always!) We'd set a TP1 level on this support with TP2 at the obviously strong level underneath this. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:XLMUSDShort
by theCrypster
4
Lumen (XLM), Stellar’s native token $XLMUSD entry PT .342 PT .6921Shares Launches Stellar (XLM) & Cardano (ADA) ETPs, A Global First For Both Stellar, is a purpose-built blockchain enabling the transfer of any kind of assets and currencies; for example Bitcoin, dollars and euros, and allowing developers to build low-cost financial services on the platform. Lumen (XLM), Stellar’s native token is a utility token for the platform to pay transaction fees. Stellar was founded in 2014 by Jeb McCaleb, co-founder of Ripple, and since then the network has processed more than 450 million operations made by over 4 million users. Both AXLM and AADA ETPs will allow clients to diversify and gain exposure to cross-border transitions between any pair of currencies whilst Cardano will help running smart contracts using proof of stakes on a level previously not possible executing using your bank or broker. The ETP structure is 100% physically collateralised, segregated and replicates 1:1 the tracking of both crypto assets. Coinbase will assume custody for XLM and Kingdom Trust for ADA. Physical replication for AXLM and AADA aims to track the performance of stellar (XLM) and Cardano (ADA) with each unit of the ETP backed by approx. 40 XLM and 16 ADA respectively at launch. Both products have a base fee of 2.5% p.a and will also be available on the Stuttgart and Dusseldorf MTFs. The entire suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Exchange, BX Swiss and some on Börse Stuttgart in CHF, USD, GBP and EUR respectively. Founded in 2018, 21Shares is led by a team of talented serial entrepreneurs and experienced banking professionals from the technology and financial world. Incorporated in Zug, with offices in Zurich and New York, the company has launched several world firsts, including the first listed crypto basket index (HODL) ETP in November 2018. 21Shares has 12 crypto ETPs listed today and has over $1.55 Bn in AuM in total listed products.
COINBASE:XLMUSDLong
by UnknownUnicorn19246015
2
XLMUSD | An opened alligator mouth is expected for bullish rallyHi friends hope you are well and welcome to the new update on Stellar. Today in this article we will see how the XLM is turning more and more bullish to achieve the highest price ever in its history. But this time the Lumens is also giving some bearish signals on the short-term let's watch the bearish signals first. Formation of bearish Shark: On the weekly chart the price action of XLM has completed the formation of bearish Shark pattern. Even though it is difficult to identify that the initial leg is separate or the continuation of the previous movement because the upward movement up to X point Is not as that much long as we can easily declare it as a separate leg. However if we forget the previous movement of the price action and take it from the X point then a complete Shark has been formed. And price action has already visited the potential reversal zone of this Shark. Therefore there is possibility that the priceline will be dropped from here. Movement in up channel with synchronization with indicators: On the daily chart the price action of XLM is moving within an up channel. And after hitting the resistance of channel it is likely to drop down again. And the movement within this channel is very much synchronized with the combination of indicators: 1.momentum 2.stochastic 3.directional movement. If we take a closer look at the chart then it can be easily observed whenever the price action reaches at the support of this channel and momentum turns bullish and stochastic also gives bull cross and finally when the positive directional indicator forms a bull cross with the negative directional indicator then the price action turns bullish and reaches up to the resistance of channel. It can be seen in April and also in May 2020. At this time the positive directional indicator is above the negative direction indicator that is the bullish sign. And the ADX is also up that is showing the power of bulls. But now the positive directional indicator is moving down to form bear cross with the negative directional indicator. If this bear cross will be formed then the same ADX will be assigned to the bears and it will be showing the power bearish trend. Support and resistance levels and moon phases: After the mid of March 2020 the price action of XLM turned very strong bullish and it broke $0.045 and then $0.06 resistance levels At this time the price action of Lumens has reached at the resistance of $0.08. This resistance level is very strong as on the chart it can be seen that since September 2019 the price action has made several attempts to breakout but so far it is not able to breakout this resistance level. I have also placed the moon phases indicator on this chart. This is very useful indicator to identify the bullish and bearish trends. On the chart we can see there are some full moons and some dark moons. The distance between one moon to another moon is called synodic cycle that is 29.5 days long. The recent dark moon is appeared at the support level of $0.06. That is an indication that it will be difficult for the priceline to break down this support. And the recent full moon it appeared at the resistance level of $0.08. That is showing that the maximum reach of the price action is up to this level. Therefore we need the next dark moon to be appeared above the $0.06 level and the full moon should be appeared more up in order to have break out from $0.08 resistance. The Stellar is breaking out the falling wedge: On the weekly chart since January 2019 the price action of Stellar is moving within a falling wedge. I have also placed the volume profile on the complete protection moving within this wedge pattern that is showing the traders interest up to 10 cent. And if we take a closer look at the Bollinger bands then it is moved above the resistance of this wedge pattern. Therefore it was easy for the priceline to cross up the resistance level. Now finally the price action of XLM has crossed up the resistance of the falling wedge. And at this time the new candlestick is opened above this level but the breaking out from this wedge pattern depends where this candlestick will be closed. If it will be completely opened and closed above this level then we will have a successful break out from this pattern. And after breakout if the price action will retest the resistance of this wedge pattern as support then Stellar may drop up to 6 cents before the next rally. Simple moving averages can form an opened alligator’s mouth: If we watch the position of the different simple moving averages with the time period of 25, 50, 100 and 200 then we can notice that these SMAs are turning strong bullish. If we take a look back at 2017 chart then it can be observed when the 25 simple moving average crossed up all other simple moving averages and the 200 simple moving average move below on others simple moving averages then a complete opened alligator mouth was formed by these SMAs. That produced more than 4000% strong bullish rally. Same as like that the simple moving averages are forming an opened alligator mouth. At this time the 25 simple moving average is moved above all other simple moving averages then we have 50 SMA but so far the 200 simple moving average is moving above 100 SMA. And these two simple moving averages are moving sideways for the long time. Once the 100 SMA will cross up the 200 SMA then a complete opened alligator mouth will be formed that can produce more powerful bullish divergence. Repetitive harmonic move: At the end I would like to recall the repetitive move and that is the formation of bullish BAT pattern on the monthly chart. If you take a look back at 2017 chart then the price action of Stellar formed the same BAT on the weekly chart. And when the Stellar moved up from the potential reversal zone it produced more than 4000% massive gains. This time the BAT is formed on the bigger time period chart. Therefore there is possibility that the priceline will produce more profit than the previous rally. However as per Fibonacci sequence of BAT pattern we can set our buying in sell targets as below: Buy between: $0.11 to $0.059 Sell between: $0.23 to $0.41 So realistically as per above targets the Lumens can produce up to 600% rally. Conclusion: As recently the price action of XLM has reached at the resistance of the channel that is formed on the daily chart and on the weekly chart the new candlestick is just opened above the resistance of the wedge. Therefore there is a possibility that the price action will start a correction rally to retest the resistance of wedge as support of wedge and to hit the support of the channel as well. However after this correction rally a new bullish move is expected. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
KRAKEN:XLMUSDLong
by moon333
1
XLMUSD Has Formed Crab Within BAT And Competed The Bullish SetupIn my previous post I elaborated that how the price action of Stellar has formed a very big bullish BAT pattern on month chart and completed the bullish setup for upto 596% gains. But the recent bearish move of price line that was started since Nov 2019 to Dec 2019 and leaded the price action more than 53% down. The above bearish move pushed the forced the price action to hit the support of potential reversal zone of this big bullish BAT pattern even now the price action is hitting the spike beyond this PRZ support. But now the price action of Stellar has shown another positive move that it doesn’t move down straight even it is moved down in another Fibonacci sequence which can be clearly seen on 2 day chart with Heikinashi candle sticks setup and it has formed bullish Crab pattern within this potential reversal zone of bigger bullish BAT pattern. For last leg the price action was required to retrace between 1.27 upto 1.618 Fibonacci sequence and if we measure its move then it has retraced upto 1.283 and full filled the requirement and confirmed that it is a bullish Crab: The above harmonic move of Crab pattern has confirmed that the price action is ready to move up again and the next candle on month chart will be moved again within the potential reversal zone of big Bullish BAT pattern or sideways with the current candle and the fear of breaking down the support of this PRZ level is decreased even finished. Now the targets can be two: For mid term trade on 2 day bullish Crab pattern: Buy between: $0.048953 to $0.038544 Sell between: $0.057035 to $0.076600 This trade setup has potential to give upto 98% profit. For Long term trade on month chart bullish BAT pattern: Buy between: $0.110241 to $0.059381 Sell between: $0.231517 to $0.413568 This trade setup has potential to give upto 596% profit. But if the candle stick closes above the 0.786 Fibonacci projection of A to D leg of bullish BAT which is at $0.413568 then the price action may achieve the highest price ever in the history of xlm or atleast it will hit the final resistance of 0.41 dollar. In both trades we can use the support of potential reversal zone as stop loss in case of complete candle stick closes below this PRZ level. Regards, Atif Akbar (moon333)
KRAKEN:XLMUSDLong
by moon333
Long term trend for XLMUSDWe can see that Lumens have been trading inside a bearish descending triangle in the long term since Jan 2018. But looking at the somewhat short term (start of May) we have been trading inside a falling wedge, which is bullish. We will be hitting a critical long term support level at 0.185 soon enough. If the current sentiment continues, I expect it to break that support and go a bit lower before bouncing back and recovering. For a long term hold, wait for a clear break above the falling wedge. Disclaimer: Not financial advice. Charting what I see
BINANCE:XLMUSD
by lightmansam