STELLAR
XLM/USD - Another attempt at resistance. PAMP to follow? 🤗XLM is getting ready to try another break of the resistance at 42 cents.
If this is successful, XLM can enter a nice rally to take us much higher and hopefully back towards the all time high at $0.92.
The lower timeframe indicators are bullish and a retest is imminent, if that translates into bullishness on higher timeframes like daily, then XLM can run!
XLM has also formed a nice ascending triangle in blue which is a bullish formation most of the time, particularly in a bullish market. :)
Bias --- BULLISH. :D
We should break away from this triangle eventually. Stay tuned!
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Stellar- Ready for 0.6?After a short spike above resistance, Stellar reversed and now is consolidating in a tight range.
However, the price action since the beginning of October is very constructive and bullish and I expect a new and sustained leg up to at least 0.6 by year's end.
A drop under 0.3 would negate this bullish outlook
XLM- Cup and handle formation spotted.
*Please share your opinion on it, write in the comments.
Teşekkürler.
XLM: A Cryptocurrency in search of a bullish trendThe Stellar Lumen XLM is a very intriguing cryptocurrency. Last week, it announced a collaboration with flutterwave. In the last few weeks, it appears to be waking up; it is not currently in the limelight, but it is quickly approaching the resistance level at 0.40, which might lead to an upside breakout.
In my opinion, it has limitless potential owing to its high speed and low cost. XLM's price is significantly lower than that of other options with a much higher market capitalization.
XLM certainly suffered market jitters after the SEC's intervention on Ripple, but its fate is quite different.
XLM is a non-profit organization that has important partners such as IBM and will be utilized to facilitate micro payments between Europe and Africa at very low rates. That's why Flutterwave was chosen.
Flutterwave is a Bay Area-based fintech firm that develops a payment system for multinational businesses and payments providers on the continent. The headquarters are in San Francisco, California, with offices in Nigeria, Kenya, Ghana, South Africa, and Seven More African Nations among other nations.
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XLM/USD - Attempting to break above $0.40! Break it and it runs!Stellar had a protocol update in early November bringing Automated Market Makers and liquidity providers on the XLM ecosystem...
Have you heard of Uniswap and Sushiswap decentralized exchanges on ETH network? This is the same, only better.
XLM network is faster (almost instant) and much cheaper to swap/transact (almost free) which will attract a lot of liquidity providers... why swap ETH/BTC and other coins on Uniswap and pay $100-$200 to do so per swap when you can do it on XLM using StellarX decentralized exchange for 1 cent?
This is even better than BNB based decentralized exchanges...
In any event, this fundamental news is bullish for XLM because... any new liquidity/volume on XLM network will put buying pressure on Stellar. If it can capture market share from UNI, SUSHI and BNB/ETH decentralized exchanges... it's gonna rocket.
Plus, the technical indicators are very bullish. I totally see XLM hitting $1 once we break above $0.40 resistance.
Not a bad entry to get in during a breakout above the ascending triangle or to buy support.
Bias, mega bullish...
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Stellar (XLM) - November 10Hello?
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(XLMUSD 1W Chart) - Medium to Long-Term Perspective
Above 0.16420803 point: expected to continue uptrend
(1D chart)
First resistance section: 0.44131920-0.49247502
Second resistance section: near the 0.64594249 point
First support section: near point 0.33900755
Second support section: 0.18554008-0.23669590
To break above the first resistance level, we need to see if we can sustain the price above the 0.42952236 point.
If the price holds above the 0.51004846 point, the uptrend is expected to accelerate.
If it goes down, you should see support above the 0.37193428-0.40293161 zone.
It is expected that the trend will be created by moving out of the 0.27220347-0.42952236 section, so you need to think about countermeasures.
The next volatility period is around November 19th.
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(XLMBTC 1W chart)
Above 746 Satoshi Branch: Imagination Trend Reversal Expected
1103 Satoshi - 1288 Satoshi or more: Expected to create a new wave.
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Looking to 100x?Start stashing Stellar if you haven't already begun to do so. We've tested the resistance point at 0.7 and once we breakthrough that resistance, we will be flying up to the $35 zone to test the next resistance. Definitely a must have crypto for anyone looking forward to banking x100!