XLM Potential trend reversal.It's possible that this is just setting up for another leg down, however with Bitcoin being weird, it's not impossible for alts to Start another uptrend. Weird news from Tesla, Elon, JPM, and other institutions, plus with the Federal Government (US) potentially implementing massive Capital Gains taxes, it wouldn't be a surprise that people (holders/whales) make a move to make money before those taxes are implemented. Ironically, several other alts look nearly identical to this chart. ANKR being one I'm keeping a very close eye on. It was up to .17 today, and looks primed for a move higher. Keep a look out and happy trading.
STELLAR
Cup This XLM/BTC #Stellar $XLM #XLMHere we see our XLM weekly chart from Binance. Today we pushed up over 900 sats again and are coming right to the bottom edge of the weekly Ichimoku cloud . Before long we should break through and into that cloud.But I still feel this is developing into a Cup and Handle pattern also, just as a few other charts also have . It won't be long ,once we are inside the cloud , that we will run up to the .236 fib at 1926 sats. Target above that is a strong resistance near the .382 fib near 2862 . After that we should run up to that blue line which is basically the lip of the cup ( as well as our .5 fib ) near 3619 . Once we can actually break above that area the target of the Cup and Handle pattern should be near 6790 . Now that is like 7 and a half times up from where we are now and that could take awhile . I can't guarantee how long that might take but XLM does seem to be on the way up .
XLM - Something Good Will Happen Soon Hi, this is my update for XLM, in the last 3 days XLM is up around 25% after a big fall from $0.60 to $0.38. XLM has tested both the support level $0.40 and SMA100, also it held very well. Good news is that we are again above the SMA50 and the support level $0.455. I expect we are going to test the resistance level between $0.53-0.56 (Green Box) and after that we are going to see a normal pullback all the way to backtest the support level $0.455 to make a beautiful bottom head and shoulders, then we are ready to takeoff. + We have already made a double bottom in RSI and MACD is ready to turn green. So be patient and don't PANIC ;)
STELLARStellar currently occupies the 17th rank on CoinMarketCap’s list with a trading price of $0.45 and a market capitalization of over $10 billion. In the past 24-hours alone, XLM saw its price surge by over 6 percent and is now close to breaching immediate resistance at $0.46. However, if the trend were to see yet another reversal, XLM may have to rely on the $0.41 price range for support.
Bollinger Bands are now starting to diverge once again, indicating increased volatility in the market in the coming 12 hours. The RSI indicator looks promising as it heads out of the oversold zone and moves towards the overbought zone.
XLM - Updated Price Target Based On Better Chart DataThis is an update to the previous XLM video idea linked below in related ideas.
I went back and re-checked the chart data and found some issues so I am here to correct these.
Yes, this does increase the upside target.
Check it out.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Amazing buy opportunity for Stellar. Don't miss it!$XLMBTC Has been in an accumulation zone for almost 2 years and is going to break out soon. The momentum indicator shows that its currently building tons of pressure. MA on the MONTHLY chart just turned green and people honestly have been real quiet about Stellar lately. Those are the coins you want to get into before they make huge moves. GOOD BUY.
XLM Chart , Resistance and SupportThis currency, like the rest of the market, has lost its support in the last two days and is facing a new resistance, which if it is not successful in taking it back, there is a possibility of correction up to 11% (maximum).
Note: This is just a personal opinion and check yourself before any transaction.
Stellar (XLM) - April 24Hello?
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(XLMUSD 1W chart)
(1D chart)
We need to see if we can get support at the 0.44829110-0.50032101 section and climb along the uptrend line.
If it falls at the point of 0.34423129, a Stop Loss is needed to preserve profit and loss.
In order to turn to an uptrend, it must rise above 0.51582250 and gain support.
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(XLMBTC 1W chart)
You should watch for any movement that deviates from the 566 Satoshi-1029 Satoshi section, which is the box section.
(1D chart)
We must watch for any movement that deviates from the 851 Satoshi-908 Satoshi section.
In particular, it remains to be seen if it can rise along the uptrend line.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately represents the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
RE-UPDATED - XLM for LONG - As I see the trendlines.I know this seems like a lot of trend lines at first, but I still think it makes sense to draw so many trend channels.
Divided by colors, purple is the steepest, which was quite well followed by the chart last week.
Yellow is a lower angle, longer-term trend, green is an even longer one, and red is a fairly comprehensive trend line that can even be seen as framing the entire exchange rate in the event of a serious exchange rate shift.
I think that the intersections of these short-medium-long-term trend lines can be considered quite good support / resistance points for more volatile fluctuations. (for example, a candle on February 15 at 00:00 has also been fallen only till that pont)
Obviously, I could complicate the analysis for example with different indicators, but in this case, I’m testing exactly what I can get if I rely only on the most basic technical elements.
What do you think?
Stellar XLM - hold or REBUY! Cypher Pattern on the way?I think XLM is on the way to reach the next high. If it falls to 0.455 in case of a short consolidation, its completing a cypher pattern on 1H chart, which gives us a new opportunity for some rebuy in my opinion. We'll see.
All feedbacks are appreciated.
6x gains possible soon!The way I count it and see the patterns, we may be in an extended wave 3 of 3, which is one of the most bullish in the cycle typically.
Pretty sure we just finished wave 2 with a running flat correction, so we should see the price start to move up from here.
This count holds up as long as we stay above $0.35
If we for some reason dip again, I will certainly be buying.
Not financial advice.
XLM - Target $13 - Some Nice Gains Ahead For Stellar LumensThis analysis is based on the latest wave analysis done on Bitcoin and Litecoin.
The identification of the expanded correction on these Crypto's has shed some light on what is on the horizon.
If this analysis is correct we are looking at a 2,500% gain on XLM.
I will be tracking this move closely as I believe we are on the verge of major move up across the board for most Crypto's.
If you want to check out all the latest AriasWave analysis, see related ideas below.
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.