XLM try to break out long term resistance#XLM/USDT
$XLM is trading exactly below weekly and daily descending resistance lines.
if price break out from this descending resistance, it will increase to resistance zone between $0.36 and $0.39.
but if price reject from current descending lines, it will drop to support zone around $0.2 and then maybe try to break out from resistance.
STELLAR
XLM - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
XLM is approaching a strong support in green so we will be looking for buy setups.
on H4: XLM is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Another scenario would be if the bulls take over from here by breaking above the current high. (projection in blue)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XLM would be overall bearish can still trade lower till the lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
STELLAR - Bearish Pennant Shorts!Our last analysis was a higher timeframe analysis of Stellar and we found that we were in an ABC correction with 2 possible areas of interest, with one being unlikely. See below:
Currently we appear to be in a bearish pennant for one last move down.
Trade Idea:
- Watch for strong bearish candles on lower timeframe or a correction
- Enter on break of correction with stops above the pennant
- Target the 0.20 where we will be looking for a reversal
Goodluck!
XLM CUP(date) ON THE HANDLE - THE NEW(est) ANGLEXLM CUP(date) ON THE HANDLE - THE NEW(est) ANGLE
An update to my CUP & HANDLE ideas for XLM
These are just my angles on the pattern...
By no means the final survey
Sorry to spam the idea so much, i mess up alot before posting... i think i handle arc right now..jeesh
Stellar (XLM) Buy ZoneStellar (XLM) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
On 4 hours timeframe Stellar have formed the bullish pattern where the price has touched down the its potential reversal zone which is at the low entry zone.
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$XLM/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 0.275 - 0.2875
TP 1 : 0.2925
TP 2 : 0.3
TP 3 : 0.308
TP 4 : 0.32
TP 5 : 0.3333
TP 6 : 0.3425
TP 7 : 0.3575
TP 8 : 0.378
Stop Loss : 0.2565
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Stellar $XLM is bullish $STELLAR broke through the local resistance level which is now turned into support S1 and broke the descending trendline. Bullish movement is expected to continue and reach the resistance level R1, after the breakout through the R1, movement to R2 is expected to happen. In case of R2 level also broken, bullish movementum will likely reach the final target R3 at 0,44$
Stop loss should be located under the support level S1
Stellar Long TermMy view about cryptocurrency Stellar. We are in uptrend, once it will break Resistance , price will go up . Once it will break Support , price will go down .
STELLAR - BUY HERE 🚀Stellar is fast approaching a critical level where its very likely we'll bounce from. The 0.20 level is where we bounced off from once before and it looks like we may be bouncing from there again - highly likely.
The unlikely scenario is that we visit the -0.27 fibonacci, which is practically 0 therefore making it unlikely.
Trade Idea:
- Watch for bullish price action at the 0.20 level where we have the completion of the ABC correction
- Enter with stops below price rejection
- Targets: 0.420 - 0.800 - actively manage the rest
Let us know your thoughts!
XLM Backtesting Handle of GIANT C&H?!XLM Has been building this potential cup and handle since the '17 top. Has Bitcoin topped and we are starting a new bear market without coins like $XLM $DASH $EOS $XRP etc not hitting previous ATH's?
In my opinion this could just be backtesting the handle (Last shakeout) before really something special here.
#NotFinancialAdvice