XLM : BREAKOUT VIEWXLM shows the possibility to able to break out in the coming time.
We will follow this trend to see if it's able to get confirmed.
Lummens
XLM BIG BULLISH: $.50 soonIs a triangle is bullish or bearish at this point? I don't care. We are a few hours to assist (on this 4h chart) a breakout and might see the moon at $.50.
As you can see in all the big last moments of Stellar/XLM (p.e.: last +130% = Ukrainian Government Announcement) are connected with their own press releases. I've found out that they are announcing in January (we are on the last week ;-) ) the roadmap of 2021. This might be the trigger for XLM buyers and at the moment we have already ETH's buyers that got the new ATH. Maybe already tomorrow morning.
SO these are only my thoughts, not trading advice.
Infos:
04.01.2021 the Ukrainian Government announcement (stellar.org).
09.12.2020 Bitbond and bankhaus von der heydt use stellar press release (stellar.org)
XLMBTC 1D, Stellar finally warming up before surging to ATH?If you have ever wondered is stellar lumens, sleeping giant finally waking up ? The answer would be yes without any doubts! When we zoom out and witness the bigger picture, we have a more broader view on current STR/BTC (XLM/BTC) situation. After 1.5 yearly bear market we witnessing the signs of reversal, Stellar holder well the 422 satoshi area, which was multiyear support zone, Structure remained bullish, no new violent lows acquired.
Currently trading above 200MA daily , which is very important, and haven't been seen for a long time since BTC pair struggle. Would important to add that currently we are facing one of the diagonal and horizontal resistance claster, right in 900-960 Satoshi zone, those resistance are important to pass and they include both Gann and liquidity supply clasters. If stellar keeps the momentum and successesfully passes through that resistance zone, 1100 -1200 satoshi area is the next to pay attention too. Once Stellar reclaims second claster, it gets very strong 0.618 gann diagonal support and leaves the toughest resistance claster since the downtrend below, aiming to test higher liquidity supplies, leading the price straight to 0.5 zone into 2300-2500 Satoshi, beyond those targets we highly likely will witness ATH. Time wise if we get second coaster conquered till 20 June, odds on fast parabolic advance increases greatly.
Thank you for reading, trade safe, keep stops in place!
Stellar(XLM) Look to buy on dipsThis is a daily chart for the XLMUSD showing 3 months of performance. This chart is also excellent at defining the long-term trends for the market.
The bear market began when the price fell through the 20-Day exponential moving average and touched the 100-Day EMA. Also, the RSI tested the 50 level, another important indicator of bear markets and turned back down. The MACD crossing down through centerline is another sign of bear market.
The price bottom forms when each of these indicators reverses and crosses through their signal lines. When the MACD climbing through its 9-Day moving average is another. The RSI above 50 is another signal to follow for an end to a bear market. Finally, when the price crosses up through the 20-Day moving average, we have another signal of end of the bear market.
The RSI is testing the 50 level, a sign of indecision. The MACD is trending up but have the centerline resistance above. It looks like the price paused to consolidate its gains before continuing up. We need to look at the shorter-term charts and the market indicators before making a decision.
Stellar looks good Stellar draw a rebound pattern close to the 61.8% Fibo from the January uptrend and 38.2% Fibo from the global uptrend. The fact that fall of the Stellar did not even reach the latest lows, talks in favor of the bullish mood among traders.
Also, the volumes grew significantly, as soon as the pair got close to the 0.000004 support.
All these factors make positive impression about the Stellar uptrend scenario.
Nonetheless, there is a strong resistance zone on the way up. The resistance angle in pair with the 0.000048 - 0.00005 zone should be pierced to confirm the start of the uptrend movement.
