XLM - UPDATE - Different Charts\Waves Still Looking For That LowThis is Mike and welcome to your daily briefing on XLM.
Here we go through the current move and what it means for each chart.
We cover all of the usual suspects: XLMUSD - XLMBTC (BITTREX & BINANCE)
Once I resolve my TradingView to Youtube issue hopefully I can start pumping out more material.
See related ideas below to see how we managed to get to where we are now.
AriasWave technicians aren't moved by suddenly jolts in the market, this gives you peace of mind.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
STELLAR
STELLAR- Closest to support (from major coins)Technically speaking, STELLAR is the one crypto closer to support.
If Bitcoin drops they will all drop most likely, yes but we don't know if Bitcoin will drop now. We never know!
What we do know is that it's best to buy over support!
the FXPROFESSOR
Stellar (XLM) - June 3Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(XLMUSD 1W Chart)
If the price holds above the 0.29261600 point, it is expected that the uptrend will continue.
(1D chart)
It remains to be seen if it can move above the 0.44829110 point and turn into an uptrend.
If it falls from the 0.40581141 point, Stop Loss is required to preserve profit and loss.
However, careful trading is required as it can touch the 0.29261600 point and rise.
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(XLMBTC 1W chart)
(1D chart)
It remains to be seen if it can rise above the 1130 Satoshi point.
If it goes down, we should see if there is support in the 963 satoshi-1024 satoshi range.
If it falls from the 963 Satoshi point, Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
XLM UPDATE - Don't You Just Love The Waves? No New Low YetIn this video I once again bring you the daily update on XLM.
So far we have not seen the Wave 5 low completed but we are getting there slowly.
I love patterns and the latest pattern I can see is trolls in the comment section flocking together like birds of a feather ROFL
You come here because you love to be updated on the AriasWave interpretation.
Even trolls are followers, yes they actually are. Look up the public available list of my followers. Quite amusing.
Bring it on I love it because in the end they will evaporate just like their egos when they wake up to themselves, no guarantees there LOL.
I appreciate all of the true followers that just want to know what is happening.
Stay true to yourself and stay safe.
See related ideas below in the related ideas section.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLM UPDATE - Prolonged Wave 4 OF Wave C Almost CompleteThe ONLY reason I didn't post yesterday was due to technical difficulties so I did a live-stream on YT instead.
In this video I got through the main points I made in that stream and what we are seeing now.
The evidence presented here helps us understand what is going on.
AriasWave is NOT Elliott Wave , so any comments made using that perspective have no clue what it is unless of course you are a member.
Wave 4 is almost complete and I am going to keep tracking it to keep you updated in case anything changes.
See previous related ideas below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
STELLAR ANALYSISStellar ended corrective wave after forming 5 Elliot waves
Price rebounded from 61.8% Fibonacci level at 0.3495
Price is based above key level at 0.3660
Price broke upper edge of price channel with strong bullish movement
Above SMA 100
It's expected to target first HVN at level 0.4250
then finally target resistance level at 0.4700
XRP - 100% move incoming? Will the SEC lawsuit end already?XRP - 100% move incoming? Will the SEC lawsuit end already? XRP(Institutional) and XLM(retail/consumer) are much faster to transfer than Bitcoin. XLM and XRP can actually be used to buy goods in realtime not just for cross border payments. You have to think that if you walk into a store to buy something with Bitcoin, you are going to stand there and wait 10-30minutes for the transfer confirmations to complete? With XRP and XLM this transaction will settle in seconds. Don't sleep on XRP or XLM!
XLMUSD UPDATE - Wave 4 Almost Over - Expect One More LowHello this is Mike and welcome to you daily XLM update.
I had to wait for a few more waves to occur before I could make this type of judgement so here we are.
We are in Wave E of Wave 4 of Wave C.
Still holding USDT until we see that low and then I will convert back to XLM.
Trust the process and be patient. As I always say learning the waves gives you peace of mind.
See past XLM ideas linked below in related ideas.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLMUSD - UPDATE - Price Action Is The Best IndicatorIn this video I bring you the latest AriasWave interpretation of the price action in XLM.
In my last idea linked below, we saw how AriasWave gave us the signal to Sell.
I don't like to use the word sell because I just converted to USDT which is a stable coin.
Once we hit the low I will convert back to XLM which means I will own more XLM.
If you don't know AriasWave how can you trust the process?
Well I guess I will just have to wait until this happens in order to prove it to you.
So for now good afternoon, good evening and goodnight.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLM - Wave C Still In ProgressWe broke the red line from my previous video.
So I have decided to convert all my XLM to USDT and wait for the new low to occur and then rebuy XLM.
Using this strategy I should be able to increase how many XLM I own.
Wave C hasn't completed so I thought of just using this as an opportunity to short it indirectly by moving to USDT.
I will keep you posted on these moves just in case something changes.
See all related XLM ideas below.
Now you see why I just focus on one coin, I want to make sure we get this right.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLM - Support Remains Intact For NowIn this quick video update I give you my latest analysis on XLM.
Please see previous related XLM ideas below.
So far we are seeing this play out the way I thought it would.
We need to break to the upside without breaking support for this count to be valid.
As you know the counts are ongoing and I am trying to keep you informed every step of the way.
Stay tuned.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLM/USDT - potential 70%+ setupHello, Traders!
After the correction, XLM returned to the main trading range of $0.39 - $0.48.
Cumulative delta analysis shows buyers' interest in the asset.
Buy entry can be sought in the range of $0.372 - $0.392
Stop loss is to be set under $0.310 level.
Price Targets:
$0,480
$0,542
$0,652
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered financial advice
Stellar- new leg up underway? (update)Yesterday I said that 0.4 zone is a good place for bulls to buy XLMUSD, and after the coin reached that zone, reserved back up.
Not Stellar has broken above recent consolidation and a new leg up could be underway
If we have a daily close towards today's high we can expect 0.55-0.6 zone to be reached in the near future
PAY ATTENTIONYou will be doing yourself a favor if you Stop and agree to read this with a free mind and little bias. Just take a moment and forget what you know or think about this coin.
The fact that the daily closed below the highs of the last bull market in 2018 indicates that this is not wave 3. A rule of wave 3 is that it doesn't look back, it just goes off. That means we are in the larger correction and that this up-move is most likely the middle wave B or X of the correction.
Think about the sentiment. How do you feel about crypto?
Most the people I know that are investing in crypto right now
1) Know very little about blockchain or investing in general
2) Feel super smart for making stupid money with no knowledge.
3) Think crypto is unstoppable and say diamond hands.
The main thing that freaks me out is that crypto has been following the Nasdaq lately and rising interest rates will KILL CRYPTO.
Low interest rates support Growth Companies. That's what crypto is.
A company that is running off retail investment and loans.
Lots of headwinds, and most people have already put all their money in!!!
Again, Think about how you feel about crypto.
Do you feel like there's no way and that it HAS to go up?
Cause that usually means you're about to lose money.
This first selloff was the initial panic.
Now we're in the hope phase.
Next is the Fear phase......
Once people on the news talk about the death of crypto. BUY!!!
That will be the bottom. The problem is I always get caught up with other things and miss it!! So set alerts!!
You can see my targets.
The only way I'll be confident we can make a higher high is if we get some large buying volume and break $0.65
$0.65 is currently the big resistance.
I plan to take profit around those and wait and see what happens.
I think you'd be fine in the long run if you just dollar-cost-average, but you have to be prepared for 2 years of up and down and just keep buying the dips.
That being said, XLM IS MY FAVORITE!!! :) I love everything they're doing and plan to support them for as long as I can. So you be I'll be buying as much as I can if we hit $0.12 again!