Stellar price blasts to the moon following a 78% upswing
Stellar rejected a new yearly high of around $0.44 after a remarkable bullish price action.
XLM/USD must hold above $0.32 to avoid correction to the next support targets at $0.25 and $0.20.
Stellar has in the last 24 hours soared to astronomical levels, perhaps becoming one of the most improved altcoins. The cross-border token is up 78% to exchange hands at $0.33. Meanwhile, it has also corrected from a new yearly high of $0.44.
Looking at the daily chart, XLM was trading in the confines of a descending parallel channel before the breakout came into the picture. Support slightly above the 100 Simple Moving Average came in handy. On the other hand, trading past the 50 SMA boosted the price upwards in a couple of successive bullish candlesticks.
The noteworthy price action has displayed a bullish outlook. However, it is essential to realize that the Relative Strength Index (RSI) shows Stellar is already oversold. In other words, it is essential to tread carefully because a reversal could well come into the picture.
Consequently, the 4-hour chart hints at a possible reversal, especially with the RSI retreating from the overbought region. Moreover, volatility is likely to swing to the bearish side in the coming sessions. The pessimistic outlook is confirmed by the 50 SMA closing the day under the longer-term 100 SMA.
On the other hand, a bullish outlook will come into the picture if Stellar closes the day above the immediate support at $0.30. Besides, gains past $0.35 may catapult XLM to higher levels, and even hit new yearly highs towards $0.5.
Stellar intraday levels
Spot rate: $0.325
Relative change: 0.132.
Percentage change: 78%
Trend: Bearish
Volatility: Low
Stellarlumens
XLM STR 12h Will Take XRP Place?Well, the vassal Stellar fell along with his master Ripple.
The low was fixed at $0.11 and the forecast of the previous idea was clearly fulfilled.
According to Stellar, there is no negative news same as according to Ripple. Therefore, the XLMUSDT fall over the past day amounted to -33% against -53% in XRPUSDT.
And the rebound from the low is much more lively than in XRP, probably because so far XLM is not threatened to be delisted from everywhere like XRP.
Considering that the projects are quite similar to each other and they have a lot in common in history, now it is difficult to write a positive forecast, but we will try.
If XRP continues to pull with its negative, then the maximum correction of XLMUSDT is possible to $0.162 and then down . Targets on the chart are $0.10 and $0.08
But a positive scenario can also be assumed.
Since XRP investors, for a reason we do not understand (either they believe in technology, or something else), can patiently wait for a pump for 2-3 years.
By the way, write in the comments, what is the point of holding XRP for years? And not trading regularly and taking 5-15% of the trades?
So, what if XRP holders, against the background of delists, abandon it and go into the project, almost a duplicate - Stellar ???
Then we will see the growth of Stellar first up to $0.17. And above $0.20 , we will need to think more thoroughly about this hypothesis.
Because then $0.26 and even $0.36 for STR XLM can wait for us.
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XLM Forming Very Strong Long Term Structure
Hi, friends hope you are well and welcome to the new update on Stellar coin.
On 13 Dec, I shared an idea and showed how the Stellar can drop and complete the final leg of a bullish BAT pattern. Completion of this pattern was dependent on breaking down the 25 SMA on the daily chart. Finally, the price action broke down the 25 SMA and went very close to the potential reversal zone and reversed without hitting the PRZ level and recovered more than 172%.
Breaking out the channel:
On the daily chart, the price action of XLM is moving within a channel and at the moment it is breaking out the resistance of the channel. The priceline of XLM is also having good support of 25, 50, 100 and, 200 simple moving averages.
Different support and resistance levels:
On the long-term weekly char, different long term support and resistance levels can be seen easily. We can see that after breaking out the $0.12 resistance it is also breaking out the next resistance of $0.20. Before this, it was strongly rejected by the $0.20 level. Now it is moving to the next resistance at $0.30. Here on the weekly chart, the price action of Stellar also has good supports of exponential moving averages with the time period of 10 and 21.
A big strong bullish market structure:
On the long-term weekly chart, it can be easily seen that after breaking out the rejection trendline the price action of XLM has formed an up-trend line and now this uptrend line has turned to a parabolic move. Before every rally, the price action of XLM is using the exponential moving averages 10 and 21 as support.
Conclusion:
If we will have daily closing above $0.20 then soon it can breakout the $0.30 resistance as well. Because between $0.20 to $0.30 levels there is not major resistance in the long term.
XLM - Stellar - Repeat fractal dreamswww2.occ.gov
This is a big deal for crypto in general but I think XLM in particular. This will allow them to integrate their network a lot easier, which will probably used as a type of sidechain to bank's own developed private chains. The stellar network will act as a backbone for the whole thing to mesh together. ie. the xlm token gonna pump.
Interesting how everything just seemed to line right up on this fractal.
I know what I'll be doing at $2.50. :)
Gonna be an exciting year I think for us cryptarians.
I'll update the xlm/btc graph prob tomorrow. had that one set a bit too early.
glhf
XRP and XLM OutlookThe analysis below is based on my opinion and is not to be used to initiate trades, always make your own analysis.
Left Chart - 4H XRP: XRP has been consolidating in an ascending triangle which was broken to the downside, this is the smaller pattern visible. On a larger timeframe, XRP is consolidating within a larger falling wedge pattern which is a bullish pattern, combined with the bullish divergence is giving a promising look to the upside. I've outlined what I would like to see for XRP with ghost bars, a double bottom as charted would give me even more confidence.
Right Chart - 4H XLM: XLM has been consolidating in a falling wedge / bullish pennant for a while now. Similar to XRP I've charted with ghost bars what I would like to see, of course, both of these scenarios could play out different, but given the signals, I see I'm relatively confident. Well, find out!
XLMUSD another big bullish reversal setupHey, friends hope you are well and welcome to the new update on Stellar.
Previous BAT idea produced more than 360% rally:
Previously we have seen that the stellar formed a BAT on the monthly chart and produced more than 360% rally.
Another bullish BAT formation:
A few days back I posted an idea that if on daily chart, the priceline will break down the 25 simple moving average then it may complete another harmonic bullish BAT move and now the 25 SMA is broken down and the price action is completing the BAT. For the completion of this final leg the price action of stellar coin needs to drop at least 25% more.
The priceline may re-enter in wedge:
The formation of BAT was started after breaking out from the rising wedge pattern on weekly chart. After the breakout the price action is re-testing the previous resistance of wedge as support, but I believe that the priceline may re-enter in this wedge for the completion of final leg of BAT pattern. We also have very good support of 50 and 100 simple moving averages below the potential reversal zone of this big BAT pattern.
On the daily chart, we have 200 simple moving average support at $0.10, which is also between potential reversal zone.
Conclusion:
Even though we have good supports and the formation of a bullish reversal pattern but we should use the potential reversal zone of the BAT pattern as stop loss to minimize the risk factor. Because if the price action will break down the potential reversal zone and the support of the rising wedge as well then it can move more down for the completion of harmonic bullish Crab pattern. And for this purpose the price action will need to move between 1.27 to 1.618 Fibonacci retracement levels.
XLMUSD forming big BAT | Upto 134% expectedOn the long-term weekly chart, the price action of Stellar (XLM) is completing final leg of bullish BAT and soon it will be entered in the potential reversal zone. There are also 50 and 100 SMAs supports below the PRZ level.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of BAT pattern should be:
Potential reversal or buying zone: $0.1021 to $0.0856
Fibonacci projection or sell zone: $0.1414 to $0.2009
Stop Loss:
The potential reversal zone area that is up to $0.0856 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 134% and as per the above-mentioned stop loss, the loss possibility is 16.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#Stellar #Lumens #XLM Headed May Test ATH and More!Based on the fact that #XLM blew through resistance, is still pushing above 14 cents and X I believe $XLM headed to $0.22 then possibly $0.26 soon...if it clears $0.26 with volume then we are going to test ATH or establish a new one. XRP SEC court case is a blessing for XLM. This could really take off!
XLM shaping up for a pump with XLMBTC at historical lowsSTELLLAAAAAAAAA(r)
XLMBTC at historical lows
15min with VFAP, showing possible target for exit/position reduction
1hr chart showing how the Binance funding indicator is used to determine direction
Weekly at support, may revisit .13 as a retest
Weekly with BBPCT, showing the oscillator still in the upper region
I think Stella Lumen ( XLM) found nice Support at 0.14- Stella ( XLM) nice support 0.14
- Bear flag pattern
- My idea is Buy
XLM - Stellar , 11 cents is THE KEY !11 Cents is KEY ! Havea look at that 11cents powerful reaction.
I anticipate, or ratehr hope that price will go back further down
the lower the better .. but that 11cents was a massive signal that
its a vital place for buyers ...
Dont be surprised if it dips lower , but a deep retracement will do
Im buying more more more more !!
Stellar could be violentThis Dip was orchestred by SEC on 23 December againt XRP but also against the entire Crypto World, it means a lot about Governments wich want to control peoples psyches and scare them before end of the year. what a nice gift and what a better manner to reveal their ugly side. they could had wait end of festivity to rekt peoples.
As margin trader / Scalper i manage my own risks and use rebuy zones and Stop Loss, but i know some hodlers get rekt before Xmas and this situation make me dismayed.
Stay confident and strong because the future is bright in cryptos, its just the beginning and they will lose this war.
That said..back to trading :
XLM made a hard back so now, wait for this XLM Dayli Candle to close and look if you see an engulfing of the last day big red candle.
if this scenario not happens wait 1 more day to get a confirmation.
- a good buy Zone should be around 0.16$.
- Keep some Juice in case for a rebuy around 0.13$ ( Strong Buyers Zone on VP)
- TP1 Should be before 0.2$
- TP2 before 0.25$
- TP3 bedore 0.3$
i don't publish indicators to keep chart clear but i can tell you that XLM back could be violent as 1 Day is on the floor and ready to turn green.
Like Always keep 1 eye on BTC King!
Merry Xmas to everyone and Happy Tr4Ding !
XLM/BTC long term graph showing possible pathsXLM/btc
Take a look at the xlm and xrp /usd charts for these highlighted periods. Both look possible. I am leaning towards April 17 option though (pink).
I am always wondering which to hold more of though. If pink replays then XLM is the one to hold. So after XRP snapshot ill be re balancing much heavier into XLM.
Let me know what you think! I've been doing these type of charts/analysis for years but never published them before. :)
GLHF
Technical Outlook on XLM.XLM is a very similar story as XRP as they correlate a lot. So the most of thing said about XRP can be also said about XLM.
Still we can find one difference that the price is pointing towards the support area located at $0.145 to $0.15 per XLM, as the MACD is on a selling wave.
As the price is currently located at $0.17 area, a break of $0.207 will bring bullish momentum while a break below $0.145 will bring bearish momentum.
It seems like the price of XRP is ahead of XLM as the 50 EMA was tested already, while XLM wasn’t tested yet and is currently located in the support area.
The overall outlook for XLM looks bullish in overall as the price as above both 20 and 50 EMA levels and the RSI is trending higher.
✳️Stellar Lumens/USDT Analysis (22/12) #XLM $XLMAfter bringing us a huge profit from the pump from 0.08$ to 0.23$, XLM has dropped quite a bit but remains in the wide sideways of 0.14-0.23$
Currently, 0.16$ zone is a good support zone when last time it helped XLM rise to nearly 0.21$, so there is still a good buying force. I think this is just a recovery and will gradually decrease to the 0.105$ zone, then increase when at the end of February 2021, USDC will live on the XLM network.
📈BUY
-Buy: 0.155-0.16$.SL B
-Buy: 0.1025-0.1075$. SL B
📉SELL
-Sell: 0.195-0.205$. SL A
♻️BACK-UP
-Sell: 0.155-0.16$ if B. SL A
-Buy: 0.195-0.205$ if A. SL B
-Sell: 0.24-0.25$ if B. SL A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Stellar lumens - Daily UpdateStellar - Daily
Bottom Line: Higher against 0.1192 ; in a developing (iii) wave at larger degree.
Outlook: Against 0.0667, the focus is on higher in a developing advance, wave (iii) of ((iii)) .
Analysis: We're watching for evidence a $XLM ended its wave ii correction at 0.0726 . A break above 0.1008 would bolster that outlook and setup a challenge of the next key level at 0.1192 .
Key Levels:
Below 0.0726; 0.0667
Above 0.1008, 0.1192
🎯 Christmas Day Breakout - Stellar Lumens - Altcoins [Crypto]Christmas day breakout looks to be on the cards for XLMUSD and potentially other altcoins (correlation). XLM is currently consolidating in a flagpole formation with strong support. Likelihood is that it will continue to fluctuate for the next 5 days until leaving the flagpole zone for a breakout.
XLMUSDT (Resistance breakout)#XLMUSDT Technical Analysis Update
Resistance Breakout
XLM/USDT currently trading at $0.18600
LONG ENTRY level: 0.18600 to 0.18800
STOP LOSS: 0.18000
Resistance level 1( Target 1): $0.19500
Resistance level 2 (Target 2) : $0.20500
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
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