XLM SHORT MOVEMENTHello there. This is my second entry. As we can see XLM is moving sideways building some good support.
Expect to fight hard at 0.45 and since we are really close next 2 days will be crucial in my opinion.
If it gets rejected at first it will gather some more momentum and will bump afterwards probably next week or two.
The BTC spikes though really hurt XLM a lot and we should monitor closely the situation.
Remember to use stop loss.
This is only my opinion and not a financial advice.
Stellarlumens
XLMUSDT (stellar) XLMUSDT (4H CHART) Technical Analysis Update
XLM/USDT currently trading at $0.430
Buy-level: Above 0.45 (only enter long if 4h candle closes above 0.450)
Stop loss: below $0.390
Target 1: $0.530
Target 2: $0.600
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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In our honest opinion, Stellar is very much behind right nowWarning: our thoughts are ours; not financial advice.
In our honest opinion, we think stellar lumen is very much behind. We are near taking more profits on other assets and this asset is literarily dancing on the line.
We'll be moving part of our profits from other assets here.
Our prediction for stellar by the end of next week would be 70+ cents.
Let's hope this works out well.
Good luck.
STELLAR IDEARecent price action from January shows that after an impulsive wave, prices drop.
This impulsive wave then acts as support for prices to push up to the next impulsive wave.
Currently, we are at the support level with signs of a bullish push through some bounces.
The next target will be the high of the last bullish impulse.
XLMUSDT (stellar) Look Bearish!XLMUSD (4H CHART) Technical Analysis
Support Breakout
XLM/USDT currently trading at 0.385
Short Entry-level: Below 0.385 (only enter if 4h candle closes below the support line )
Stop loss: above $0.425
Target 1: $0.353
Target 2: $0.310
Target 3: $0.235
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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XLM is on to a new uptrendAfter a healthy phase of distribution for XLM the next levels are in reachable sight. The accumulation phase seems to end pretty likey and after reaching 0,466$, testing of 0,50$ we can experience further movements into the higher price zones. Trading volume was increasing in the past days and 0,40$ has functioned as a strong support.
Also, according to the Wyckoff Method this seems to be the trading range before claiming higher highs.
This is no financial advise and trade with care!
XLM to 0.75$So, we are in some goods Momentums again to bet on XLM, but like always you have to follow the King movements BTC because only him is the master of the crypto dance!
if you follow the trend you will notice that XLM got rejected around 0.60$ and start his downtrend (Orange Line) while BTC was falling, XLM tried multiple times to break it (Red Circles) but failed.
That said the good news is XLM got supported 2 times on his yellow trend around 0.35$-0.36$ (Green Circles).
So how to play it ?
Buy Zones :
- Buy Zone 1 : 0.43 ( 30% max of what u want to invest in XLM )
- Buy Zone 2 : 0.40 ( 70% more invest )
- Take Profits :
-TP1 : 0.6990
-TP2 : 0.7490
if you wanna set a Stop Loss it should be just under 0.35
Stay Safe and Play Wisely !!!
Happy Tr4Ding !
Bullish divergence for XLM. Big push in 24-48 hoursUpdate on my earlier analysis.
Confirmation of consolidation over prior week with bullish divergence on RSI, supported by lower lows on price.
Next 24 hours will be critical as we need the edges of a support channel that has been established for months. Expect a drawn down on BTC profits and rotation into top 10 crypto assets (first).
Rotation will also move into Defi, but risk-reward there doesn't make much sense with most projects in the space already over valued with 10x pricing over the last few months. Liquid high market caps likely to have the initial sprint (just my POV).
XLM Buy a break setup.XLMUSDT - Intraday - We look to Buy a break of 0.5405 (stop at 0.5284)
Daily signals are bullish.
We look for gains to be extended today.
The previous swing high is located at 0.5400.
A break of bespoke resistance at 0.5400, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 0.5747 and 0.5962
Resistance: 0.5200 / 0.5400 / 0.5800
Support: 0.5000 / 0.4850 / 0.4700
XLM 2 scenarios for next week, might be a good time to wait Here I am working with support & resistances of the last days only.
Yesterday a long-lasting uptrend (started January 27th) broke to the downside.
Still the doji-candles could mean that the bulls bought the dip at 0.463
Within the next 48-60 hrs we should be in the green elispse and see if bulls or bears are sitting on the table.
If the bulls can defend the shortterm uptrend (baby-blue line) XLM could test resistances at 0.537, 0.574 and retest the high at 0.606.
If the bears can break down (slim red lines) XLM could test support at 0.46, 0.44 and 0.42 in the next week(s).
Good luck.
STELLAR - Looking good for a BUYStellar is one of the good coins we prefer to buy when we see an opportunity.Check our previous ideas below and hope you like them.
One love,
the FXPROFESSOR
XLM 21.02 Big day but better is yet to come (after dump 22.02)First I really want to explain that, that at the beginning I couldn't understand why XLM pumped continuously last 13.02 /14.02.
With XLM you always have to check their newsletter to "justify" any price increase on the chart (Bitbound, Ukrainian Government). Because this last pump we didn't have "significant volume" (peak) we can say that might be an effect of their newsletter again:
News like:
..."Another development worth watching in 2021 is the U.S. Office of the Comptroller of the Currency’s January announcement that federally chartered banks can act as blockchain node validators and use stablecoins. With one bank-issued stablecoin already on the network and traditional financial institutions increasingly looking to catch up with the digital currency revolution..."
--> "German real estate giant issues debt via Stellar blockchain"
--> "COINQVEST Receives European Virtual Currency Service Provider License, Partners with nTokens to Bring Enterprise Cryptocurrency Payment Processing to Brazil"
Now matter the pump,dump or sideways I'm just bullish on Stellar Lummens because you just need to "'Shoot for the moon and even if you miss, you'll land among the stars.' (Norman Vincent Peale).
NOT TRADING ADVICE. DO YOUR OWN RESEARCH.
So about the chart:
Purple line - "fractal" from previous pump (07.01-13.02)
After 13-14.02 pump, we went to a descending triangle correction (red triangle). We so low to point "B" from big black ascending triangle (predicted by the previous pump) returned to the red triangle (fake breakout) but after we confirmed breakout recognizing a big diagonal resistance (red line) and a downward trend (also MA, RSI confirmations).
After this, we were searching for another higher low - "B point green triangle - ( and we found out next support diagonal - blue line). We started to construct a "green" ascending triangle (that we are still inside and gives us the next target (green vertical line)): 0.48394 (approx: 21.02).
This target is point "C" of the big black ascending triangle (calculate with the angles of current trend). At this point, it will be hard to do a breakout (to the north side) because it's only the 3rd attempt (green resistance line). So a correction to point D might occur. Pressure will be hard and we even might break the support of the "blue line" (if we follow the trend of the last pump and also because it's expected a retracement from BTC and ETH..... and Monday 22.02.2021 is the decision day from SEC - XRP), so Monday everything will be quite unstable). Maybe XRP holders will come to XLM, or in general market will get ready for the upcoming wave...
The blue box above the chart is a "copy" from the highest point of 07.01 until 13-14.02 highest point and placed on this last point. So $0,7472 is my target for the next pump (22.03.2021).
All the other targets (positive) are there. Please notice that this isn't trading advice.
It's very important to me, that if you read this long explanation until the end to give me some feedback.
Wish you all the best ;-)
🆓Stellar Lumens/USDT Analysis (20/2) #XLM $XLMAfter losing 0.5$ zone, the new buying force came back and push it up and now this 0.5$ zone is belong to XLM and will help it to make new rally up to 0.8$ and 1$ before March.
📅NEWS
👉Feb 28 : USDC on Stellar
📈BUY
-Buy: 0.49-0.51$. SL B
📉SELL
-Sell: 0.76-0.80$. SL A
-Sell: 1-1.05$. SL A
♻️BACK-UP
-Sell: 0.49-0.51$ if B. SL A
-Buy: 0.40-0.42$ if A. SL B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"