Stellar made a high of ~0.00006299 on Jan 3, 2018 after which it sold off. The price action from the ~0.00006299 to the current price (~~0.00003219 as at the time of this publication) can be described by a 3 wave (A-B-C) move that is a regular flat (3-3-5) Elliott wave structure. This structure implies either (1) The resumption of an impulsive move once the...
New idea about Stellar XLM technical analysis
Chart is speaking for itself :) I bought XLM at 0.47 and it headed down for a while but it looks like it found support for now. Huge pennant forming: It will take a while till we see a breakout but a good short-term entry- I keep you updated! Humble §JS
BINANCE:XLMBTC is an open-source payment distribution infrastructure and makes use of it's "leapfrog technology” to connect individuals, payment systems and banks throughout the world. StellarLumens has a primary focus on the developing nations. It facilitates transactions of multiple currencies and assets reliably and efficiently for just fractions of a penny,...
Well, everybody knows its practically impossible to predict long term Bitcoin charts but I still have fun doing it. I see a potential Double Bottom Formation forming which indicates a reversal of the current trend. Big rounded bottom shape could mean we see a move similar to Bitcoin before breaking ATH earlier this year. Will be really fun trading this coin over...
Buy at 0.00003300 or wait for bullish sign if you don't want to take the risk.
XLM broke up out of the triangle, breakout validated by the increase in volume. Next resistance is 0.00047 which is the 0.5 Fib level and previously identified support. Will definitely be a key level to watch within the next few days.
Bounce coming off support at 0.00004389 or 0.00004389 Buy off support if vol increases Target 1: 0.000045 Target 2: 0.000048
Bounce coming off support at 0.00004389 or 0.00004389 Buy off support if vol increases Target 1: 0.000045 Target 2: 0.000048
Chart shows bullish trend with ABCD pattern. Waves are converging which suggests a squeeze and reach both targets soon. Buy area is between 4,600 - 5,000. Targets should hit at least 20% and 32% respectively. RSI: Neutral MACD: Bullish Cross Over On Events: Before 15 February 2018 - FairX Exchange BETA This is not an investment advice, always do your own research.
On the graph you can see how the price is moving through the channel. Buy area is 0.00005000-0.00005100. Put the stop loss at 0.00004500 After the break out on 24th january, the resistance level at 0.00005 became a new support level. Stoch RSI shows us that XLM is oversold.
As major BTC correction is still ongoing, most cryptos are following this course and XLM is no exception. Stellar* formed well-established point 4 of the current Wolfe-wave which was backed by significant volume spike. If the price continues its present descend, it is likely that it will re-test the indicated support level and form point 5 before resumption of...