Stellar is slowly getting ready for a take off!XRP fork, Stellar has bottomed at $0.067 from where an uptrend has started, forming an uptrend line that is active to this day and I can see that confirmed by the trend of intradays higher lows and higher highs.
As the previous history suggest, the key resistance is located at $0.084 to $0.086 area with a daily pivot high of $0.088 which has to beaten in order to see a break to $0.10 per one XLM coin.
The price is starting to form an ascending triangle formation which has bias to break to the upside, a break of $0.086 will confirm this outlook. I expect this triangle break to reach 10 cents mark which would result in over 15% increase from the value that is going to confirm this outlook, $0.086.
Bear in mind that a daily candle has to break through that level.
Indicators
One thing I really like a lot are the Exponential moving averages which are currently support the price at level of $0.08 or 8 cent if you will, but I one thing I like even more is the fact that these 20 and 50 EMA’s are about to give XLM a uptrend signal that put XLM in at least 1 month uptrend rally as the fact that EMA’s are so close together at daily time frame is a sign of increased volume in the next days.
MACD buying wave has started just recently after a heavy correction, when the price didn’t manage to break the resistance area the first try.
RSI is trending higher with no negative technical aspects.
So overall XLM bulls are waiting for a break of $0.086 before a strong volume will be seen.
Stellarlumens
XLM Can Hit $0.20 Within November 2020Hey friends, hope you are well and welcome to the new update on Stellar coin.
Another bounce from the support of wedge:
As in my previous post we have seen that on weekly chart, the priceline of XLM coin was getting bounced from the support of a rising wedge and had a strong resistance of 100 simple moving average.
Now the price action of Lumens is again moving up because after hitting the 100 SMA resistance it went on the support again. This time the 100 simple moving average is moving down and entered in candlesticks, now we can expect that soon 100 SMS will completely cross down the price line to provide a firm support. The 50 SMA is still working as strong support underneath the support level of wedge.
Now is the priceline will move up to the resistance then it can hit $0.135 to $0.14 easily. But if the Stellar coin will break out this level then an imminent move can be observed up to $0.20 (as per measurement of space between the tail of wedge to the support and placing it at the recent resistance level).
The indicators and oscillators:
If we take a look at the indicators and oscillators then on long-term weekly chart the RSI is still in uptrend and MACD has turned weak bearish from strong bearish soon it can turn bullish as well. Now we can wait for momentum to turn bullish or atleast weak bearish from strong bearish for further movement to the upside.
The price action found firm support above $0.08:
On the daily chart it can be observed that the price action of XLM has found a firm support above $0.08 having good support of 50 SMA as well. At the moment the price action is trying to breakout the 200 SMA. If the price action will breakout 200 simple moving average and 50 SMA will move up and form a golden cross with 200 SMA then a strong bullish divergence can be triggered because this golden cross can invite many professional traders to jump in to Stellar coin.
Ichimoku cloud turned bullish:
On daily chart the Ichimoku cloud has turned bullish, but the candle sticks did not cross up the bearish cloud so far. In fact the candle sticks are struggling to breakout the bearish cloud, but the lagging span and conversion and baselines of Ichimoku cloud indicator have given bullish signals therefore we can expect a breakout from the cloud soon.
Conclusion:
Even though the indicators are turning bullish and the XLM coin has strong support on weekly chart but I will be using the support of wedge or atleast the 50 SMA on weekly chart as stop-loss because if these supports will be broken down then a strong bearish move can be seen.
XLM Is About To Explode **Do NOT Miss This**MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Bull Market is here right now
XLM Is Very Bullish right now and Should Moon Very Soon
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading
Stellar - $XLM / $STR - Rounding Bottom - Symmetrical PatternThe best time to buy is now!
#XLMBTC / #STRBTC: I'm LONG / BULLISH position up in (BLACK BOX) Fibonacci retracement (1.382% /1.618%) . I expect that $XLMUSD $STRUSDT will rise up.
This would mean that STELLAR LUMENS will gain more 500% - 1000% - 1500% of its current value against BTC before it can down.
What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION .
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong.
If you want to win in this market, you need to be COLD and CALCULIST
To the moon is too close, go beyond
Well, keep you updated as this timely issue evolves.
Good luck!
#CRYPTO $XLM $STR #XLMBTC #STRBTC #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
Stellar XLM fast analyseThis analyse is simple , everything is in chart.
Now Stellar still jumping on his support trend but still staying under BTC dominance.
- Buying zone is now
- Selling zone TP1 0.1$ ( Retest 61.8% Fibo)
- Selling zone TP2 0.15$ ( only if we get confirmations of a strong break out)
- Stop Loss is under 0.065$ if you buy now ( Also could be a good buy/rebuy Zone if the king dip again)
- i consider 0.065$ as a strong support cuz XLM bounced mutiple times from here.
Don't Forget to always follow BTC and drop shitcoins if BTC dip!
Never go all in. keep some juice for a rebuy or wait for a good zone if something went wrong.
Happy Tr4Ding !
PS : i will link my old analyse on XLM to make things clear.
XLMBTC (it's possible to bounce off from the support zone)
We can see several times steller touched support zone, now its in the support zone. I believe it's going to bounce from the support level.
Entry-level : 560 - 580
Resistance level 1: 630
Resistance level 2: 750
Resistance level 3: 920
Resistance level 1: 1150
stop-loss: below the support zone
This Can Be A Big Hurdle For Next RallyHey friends, hope you are well and welcome to the new update on Stellar.
As in my previous post we have already seen that the priceline of XLM was bounced from the support of rising wedge pattern on weekly chart. The price action also had a good support of 50 simple moving average as well. The 25 and 100 SMAs also formed bull cross that helped the price action of Stellar to start this rally. Now at the same time the 25 and 100 SMAs are also working as a strong resistance for candlesticks of XLM coin. If the price action won’t able to cross up these resistances of SMAs then it can again move down to the support.
On the weekly chart the stochastic oscillator is still in bull cross and this bull cross was formed after visiting oversold zone. The moving averages conversion divergence (MACD) indicator is still turning bullish.
On the daily chart the price action of XLM has started its move between an up channel. At the moment the price action is again at the support of this channel after getting rejected by the resistance. The priceline of Stellar is also using exponential moving averages 10 and 21 as support. Therefore we need to keep an eye on the support of this channel. Because is this support will be broken down then the priceline might move back to the support of rising wedge on weekly chart.
Conclusion:
Even though the price action had a very nice bounce for the support of rising wedge pattern but we should keep an eye on the 100 SMA resistance on the weekly chart. Because if the price action will be rejected by this resistance then the price action can move back to the support. And in case of breaking down the support a big market structure for XLM will be broken down.
XLMUSD | Big Move Is Triggered For November 2020Hey friends, hope you are well and welcome to the new update on Stellar.
The price action has started the formation of handle of the Cup & Handle pattern that I also showed in my previous post as well.
Previously the candlesticks of XLM coin broke down simple moving averages with the time period of 25, 50, 100 and 200. But now after turning bullish the price action of Stellar has again broken out all these SMAs only 100 simple moving averages is left to be broken out.
On daily chart since 1st week of Aug 2020 the price action was moving in a down channel. Finally the price action has broken out the resistance of this channel with massive buying volume. Moreover the exponential moving averages 10 and 21 also have formed bull cross with each other and providing good support to priceline of XLM that can be the big reason to increase the bullish momentum.
In my previous articles I have been showing a rising wedge pattern that is formed by the movements of candlesticks of Stellar coin on weekly chart. Finally the priceline has bounced from the support of this wedge pattern. The stochastic has given bull cross from oversold zone and MACD has also started turning bullish. Now we can expect a move up to the resistance of wedge very soon.
Conclusion:
There are many signals favoring that the bullish momentum has been started and will be increased soon. Like breakout of the channel on daily chart, the cup & handle formation and the support of rising wedge. However the support of the rising wedge is the basic market structure for XLM at the moment therefore we should keep an eye on this support.
XLM. The worst-case scenario is a fall to the range $0.0185-0.02Chart for believers and Stelar Lumen holders.
Once upon a time, a long time ago in 2017, this coin on the Poloniex exchange with the designation STR gave huge xx on the growth. Another positive point was in XLM. Its transaction at that time took 3-5 minutes! For example, Ethereum, Lite or Bitcoin could get stuck in a transaction for 12-24 years. This is so, a note of nostalgia for those who traded then and remembers it)
We don't see any more positive:
abnormal emission of tokens,
several holders who have 15-20% of the pool in the one hands,
lag in development compared to new generation projects.
It is hard to believe in growth above $0.095. It is much more believed in the fall in value first to the zone $0.035-0.04, and if everything will be very bad, then even lower to the zone $0.0185-0.0205.
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XLM Long Setup.Stellar - Short term - We look to Buy a break of 0.0842 (stop at 0.0819)
We look for gains to be extended today.
Further upside is expected although we prefer to set longs at our bespoke support levels at 0.0840, resulting in improved risk/reward.
0.0840 has been pivotal.
Posted a Double Top formation at 0.8400.
The medium term bias is neutral.
Our profit targets will be 0.0901 and 0.0918
Resistance: 0.0842 / 0.0870 / 0.0900
Support: 0.0820 / 0.0800 / 0.0784
XLM market updatePlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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XLMUSD A Move Upto $0.115 Is Expected In Next Few DaysHey, friends hope you are well and welcome the new update on Stellar.
The price action of Stellar has started the completion of handle and after this completion, the formation of Inverse Cup & Handle pattern will be completed. The XLM has also a strong price level resistance at $0.115. Therefore the rally can be up to this level.
On daily chart the price action of XLM was moving in a down channel. Recently the price action broke out the resistance of this channel. But the volume is very low. Therefore the price action is retesting the previous resistance as support. In the meanwhile, the priceline of Stellar has also crossed up exponential moving averages with the time period of 10 and 21. And EMA 10 is also crossing up the EMA 21. Now these EMAs and the bull cross between them can be helpful for the priceline to start the next rally to the up side.
On the same daily chart it can be observed that previously the priceine of Lumens broke down the simple moving averages with the time period of 25, 50, 100 and 200. Now the price action has broken out the 25 SMA and moving with 200 SMA. The SMA 50 is also moving down to form a death cross with 200 simple moving average that can be coz of more sell off.
On the long term weekly chart, the price action of Lumens is like to have a very nice bounce from the support of a rising wedge pattern. Here the support of 50 SMA can be seen exactly at the same level where the XLM has the support of wedge. The 25 simple moving average is moving up to form a bull cross with 100 SMA and this bull cross is the reason that the sell off is not getting increased due to upcoming death cross between 50 SMA and 200 simple moving average on daily chart. If we take a look at the MACD indicator then it has started turning bullish. The stochastic oscillator has also entered in oversold zone. Now if the stochastic will also give bull cross from here the price action can turn strong bullish. Then we can expect the rally in next few days upto the resistance of rising wedge. This resistance is at almost $0.115.
Conclusion:
The price action has very good supports from daily to weeky chart. However the breakout from the channel on daily chart is not backed by the strong volume. Therefore the price action is re-testing the previous resistance as support. Incase of failure in re-testing the price action may re-enter in previous channel. However sofar I am expecting a rally upto $0.115 in next few days.
Stellar Market Buy.Stellar - Intraday -
We look to Buy at market
Offers ample risk/reward to buy at the market.
Previous resistance, now becomes support at 0.0762.
A break of 0.0780 is needed to confirm follow through bullish momentum.
Posted a bullish Flag formation.
A break of 0.0780 is needed to confirm the outlook.
Our outlook is bullish.
Our profit targets will be 0.0814 and 0.0838
Resistance: 0.0773 / 0.0780 / 0.0820
Support: 0.0760 / 0.0750 / 0.0745
Signal Centre
XLM An inverse Cup & Handle formation at the support of wedgeHey, friends hope you are well and welcome the new update on Stellar.
On long term weekly chart the priceline is still at the support of rising wedge and every bearish candle stick is appearing smaller than previous bearish candle, that is clear indication that the sellers are getting weaker. The 50 simple moving average is also working as strong support below the candle sticks and the support of wedge.
The price action of Stellar has broken down all SMAs with the time period of 25, 50, 100 and 200 and now likely to consolidate with 200 simple moving average. The 50 SMA has formed bear cross with 100 SMA and moving more down to form death cross with 200 SMA.
The priceline of XLM is likely to complete the handle of the Cup & Handle pattern. The resistance of the Cup is at $0.067. During the completion of handle we can expect an upward move but after completion a rally to the down side can be started. The price action of XLM also has price level resistance at $0.115.
On daily chart the price action is moving in down channel. In moon phases indicator new dark moon is appeared above support of channel and new full moon is at the resistance. The volume profile is showing less interest of traders from resistance to support of channel and the point of control of volume profile is also at a big distance from resistance of channel.
Conclusion:
The priceline is having the very strong support of wedge and 50 SMA. The formation of the inverse Cup & Handle is also a bullish signal. But we should use the 50 SMA on the weekly chart as a stop-loss because if this SMA will be broken down then another rally to the downside can be started. Even though there is an expected death cross between 50 and 200 SMAs on daily chart but the support of 50 simple moving average may work as stronger support than this bearish signal of death cross.