XLM USD - Bulls update - New Alt HighHello traders and analysts.
Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
See our tracking of XLM or Stellar Lumens
The original idea is here for 2021:
Current position:
Original idea
XLM 4 hour perspective
What has been happening with XLM?
The chart shows us:
Maxed out upon a weekly level to our -0.27 Fibonacci zone at $0.42, where a price engineering upon an important zone was necessary to tail off in order to keep the bulls in the market.
The Fibonacci low of $0.23
upon this price retraced back to our 61.8% zone and continued to reject higher at the 0.382% as the market is creating higher lows.
Zones to watch on weekly:
$0.28 or 0.34 - a new extension has been made here so price and return to find a strong zone of support.
Where is price heading now?
Looking to match or break the all time high. From here the extension targets are set for profit taking or holding further.
It looks like we will be holding further for an over extension with a new buy imbalance where our weekly zone is the new imbalance (see below).
The bullish scenario of the path using this new imbalance may be a possibility. Where a good probability of another additional trade will be looked for.
Bearish scenario:
Where our imbalance wick as the previous all time high will need filling. The route can be shown here utilising the previous price action on the daily retracing back to two key zones (one being the 50% Fibonacci) which has a strong demand for price to create a new bullish positional move. Or the second option between $0.40 and lows of $0.35 shows a good retracement for a loading for the bulls.
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Stellarlumens
XLM USD - Bulls are comingHello traders and analysts.
Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
See our tracking of XLM or Stellar Lumens
The original idea is here for 2021:
XLM
4 hour perspective
What is happening with XLM?
The chart shows us:
Maxed out upon a weekly level to our -0.27 Fibonacci zone at $0.42, where a price engineering upon an important zone was necessary to tail off in order to keep the bulls in the market.
The Fibonacci low of $0.23
upon this price retraced back to our 61.8% zone and continued to reject higher at the 0.382% as the market is creating higher lows.
Zones to watch:
$0.28 or 0.34 - a new extension has been made here so price and return to find a strong zone of support.
Where is price going now?
Looking to match or break the all time high . From here the extension targets are set for profit taking or holding further.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
XLM (Stellar- about to blow up - Fractal comparing ADA Cardano -This shows a comparison between XLM and Cardano. These coins have printed very similar patterns over the last three years and in my opinion XLM is about to blow up in the same way ADA just did. The best entry was at 30-40 cents but there is still massive room to grow.
If you like my ideas please follow, like and if you're feeling generous donate me a coffee on Ko-Fi
Do your own research and remember this is not financial advise.
XLM Buy a break setup.XLMUSDT - Intraday - We look to Buy a break of 0.4414 or market (stop at 0.4238)
Daily signals are bullish.
We look for gains to be extended today.
A break of bespoke resistance at 0.4400, and the move higher is already underway.
Trading close to the psychological 0.50 level.
Our profit targets will be 0.4948 and 0.5248
Resistance: 0.4400 / 0.4500 / 0.5000
Support: 0.4200 / 0.4000 / 0.3800
STELLAR - Best Performing Today (from our picks)Allow us to name the main cryptos as 'Tier 1'.
Stellar is one of our favorite as we have mentioned before , as it has strong fundamnetals that matter to us.
We even bragged a bit later on that we picked the right one together with Cardano.
I will be honest with you, we were mostly focused on Cardano until yesterday and then we went a bit heavier on Stellar, which made us VERY happy today...
XLM daily update (Very Nice!)Not touching it.
It looks great.
Performing as expected.
XLM is on course, still looking to take profit and enter a short once we break above $.40 on a daily candle.
Continuing to DCA, and pack my bags.
If XLM continues to climb, we will re-enter at $.44 (5% stop loss) and continue our climb... I wouldn't be against throwing a few more thousand $ once we break above $.44.
Very pleased on this call.
The short will probably occur tomorrow and beat our current vertical line for Feb 14.
XLM USD - Stellar to break above 0.4 key level.Stellar has been building momentum and squeezing against the 0.40 cents key level. If it breaks the resistance we could see fast movement up toward 0.5. At this point I would expect some profit taking and a temporary retracement, but it really depends on market sentiment. With bitcoin pumping it may just take straight off, like Cardano and rip up towards 0.7 and beyond.
This is my first publication and I'd love you to hit like, cheer, comment and follow me.
I'm not a trader with 20 years experience, I'm just a guy whose poured a lot of time into learning about trading crypto's and has had some really good success in the last 6 months. This is not financial advise please do your own research.
XLM buy the uptrend.Stellar - Intraday - We look to Buy at 0.3322 (stop at 0.3182)
Trading within a Bullish Channel formation.
Trend line support is located at 0.3300.
20 4 hour EMA is at 0.3320.
We look to buy dips.
The trend of lower highs is located at 0.3750.
Our profit targets will be 0.3742 and 0.3988
Resistance: 0.3500 / 0.3700 / 0.3800
Support: 0.3300 / 0.3100 / 0.3000
STELLAR - I guess we picked the right onesSTELLAR XLX proving to be the right choice as one of the 2 favorite alternatives (with Cardano, same category).
Allow me to repeat the fundamentals one more time :
The chart is beautiful. Still far away from it's all time highs but showing a less volatile uptrend movement.
Fundamentally, what my research has revealed is that STELLAR is very close to the 'Big boys'. Both the IMF (International Monetary Fund) and the Federal Reserve are close to Stellar and keep inviting it in their CBDC ( Central Bank Digital Currency) discussion panels.
Could this non-profit organization become the pillar of Central Bank Digital Currencies? Possibly yes, so keep a close eye on it.
Stellar is now definitely in my radar and I have already invested in it, recently.
ps. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created. Nearly 20 billion lumens are out in the open market, and the Stellar Development Foundation retains the other 30 billion or so to develop and promote Stellar , per its mandate. Fundamentally, this is another 'plus'
XLM/USDT▶️ Stellar - 2 patterns formed within one global 🔸XLM/USDT ▶️ There are 2 patterns formed within one global
We see the reaction of the buyer. The asset price is moving towards the resistance level. I expect impulse growth in the near future. ❗️ Look for entry points according to your trading system. ❗️ 📈 Friends to all profits. 📊
Also for the given coin, a lot of good news, where Circle - launches USDC - on the Stellar network.
I expect Good growth not only on the news background, but also on cluster analysis - a large volume is collected in this triangle.
The first target is the percentage between the levels of the triangle - after reaching this mark - just move the stop gradually up.
$XLMUSD - Breakout from triangle & Circle integration confirmedHi guys! 👋🏻
🔔 Stellar and Circle have completed the minting of USDC on Stellar, making USDC stablecoin integration into Stellar blockchain. The USDC (US Dollar Coin) a stablecoin developed by Circle Internet Financial and backed by Coinbase, has $6 billion coins in circulation.
🔔 The circulation of the USDC has doubled since December after a global payment provider Visa has announced that it will add USDC for its 60 million merchants. Circle CEO and founder Jeremy Allaire praised Stellar and said that Stellar is designed for payments.
🔔 Migrating USDC from Ethereum network to Stellar will significantly improve transaction speed and decrease fees.
🔔 Stellar-native token Lumens has reacted to the news and with this major partnership and update, Lumens now looks as one of the most promising altcoins.
🔔 Lumens against the USD is one of the altcoins that occasionally forms large triangles and most of the time, these triangles signal the upcoming uptrend of the pair. The all-time-high of XLM/USD was sealed on January 7 at $0.41194 and to reach this level XLM has to close above the current resistance of $0.36000.
🔔 Currently the pair is testing the upper edge of the triangle as support, and is a good sign of the uptrend continuation, however to firm this, one should wait for a breakout of the weekly high. If the breakout is confirmed, XLM will continue the uptrend to test $0.37897 and $0.39600.
🔔 Lumens tested the dynamic resistance as support, tested the 0.35000 resistance as support and is about to break 0.36000 to go higher.
✊🏻 Good luck with your trades! ✊🏻
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