XLM following ADAPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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- XLM broke through the 12-month consolidation range
- Closed and rose further on the daily chart
- ADA has done the same this month and went on a 110% bull run. Should XLM follow the same path we'll end up around 1915 sats. Almost double of where we are now.
Targets:
+110% from range (1915 sats)
Weekly resistance (2105 sats)
Stellarlumens
Stellar [XLM/USDT] on July 9 (#XLM #XLMUSDT)XLM is no longer in a good position to buy anymore and has reached resistance level at 0.085-0.089$. We expect it to return to the lower zone of 0.058-0.063$, even further than 0.045-0.05$ and will consider buying.
In case the price doesn't return, we will wait for it to break the 0.09$ resistance level, the target is 0.15-0.16$
XLMUSD turned bullish from potential reversal zoneHi friends hope you are well and welcome to the new update on XLM. In my previous article I told you that the Stellar is going to start the formation of the right shoulder at this time the price action is moved up and started the formation of expected right shoulder. Now let's have a look that whether this shoulder will be completed or the price action will move upward and this pattern will be invalidated.
Head and Shoulder formation:
If we take a closer look at the daily chart then while forming right shoulder the price action moved up than the level of the left shoulder. However, at this time the price action is below the head level. Therefore unless this head level will be not broken out the Head and Shoulder pattern will be validated
The SMAs:
Now if we watch the different simple moving averages on the daily chart with the time period of 25 50 100 and 200. Then the priceline previously broke down the 25 and 50 simple moving averages. On 27th of June 2020 at the same time the price action tested the 100 and 200 simple moving averages as support and moved up again. At this time the 25 simple moving average has been broken out and the price action is likely to breakout the 50 simple moving average.
Bullish BAT pattern:
In my previous article we have seen that the price action was forming a bullish BAT pattern. Finally priceline of XLM entered in potential reversal zone of this pattern and moved little bit down but again turned bullish and surged more than 50%.
But if we watch at the Karaken exchange then the price action formed a bullish Crab. As the leg was extended between 1.27 up to 1.618 Fibonacci retracement level.
A strong support of an up trendline:
On the same daily chart the price action has found a strong support of an uptrend line. Whenever the price action is moving on this trendline it is taking bounce very well. On the chart we can see that since 27 June the price action was moving sideways on this line and finally on 6th of July the price action of Stellar again turned bullish.
Conclusion:
As the price action of Stellar is breaking out all the moving averages again on the daily chart and also took bullish divergence from the potential reversal zone of harmonic patterns. It is also bounced from the uptrend line as well. Therefore we can expect that Stellar is turning bullish however the Head and Shoulder formation is still there unless the price action will not break out the price level of head of this pattern.
XLM/BTC - going further up?It is only missing volume and you should be wary of BTC dump taking it down with it. BTC dump will depend on SPX dump which depends on employment data today.
If data is good, BTC should have room to go to around 9.4-9.5k but it would probably top there due to a confluence of resistance. It could go down to 8.6k before renewing but let's not rely on the crystal ball but rather look at what is in front of us.
For this trade on XLM I would either wait for a small pullback - that means waiting out the move today from SPX and BTC and then enter long or just go long now with a stop-loss below trendline.
Long term basing pattern - preparing for a BIG move !!When I first got back in at the beginning 2020 at 560 satoshi I did not realize yet that it was THE bottom for Stellar !
So I got shaken out of it during the "COVICRASH" in march 2020.
Today I realize that XLM is basing out beautifully and preparing for a BIG move (big base - big move). SIDEWAYS PATTERN FOR ALMOST 12 MONTHS !!
OBV is rising consistently.
Volume is solid also... there was a HUGE volume spike on 13th march when I sold !! That was the panic low ! THIS DATE IS NOT CASUAL and means a lot in occult terms ! 13 03 2020.
RSI is rising consistently and is forming a positive divergence to the (sideways moving) price.
It is time to take a position.
This morning I sold 50% of my VET position after a 100% run and bought XLM with the proceeds.
XLM is one of the chosen ones and its future will be stellar !
XLM history repeats? Please feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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Stellar has been trading in this range ever since the beginning of Juli 2019. A breakout is waiting to happen, but in the meanwhile she has given us several nice opportunities to make some profit.
Since November price has gone from below the 100-MA to above it on four occasions. All of which have led to an increase in price. Three out of those for were very nice trades between 19% and 37%. One of them was just a little under 7%.
Price has now once again crossed above the 100-MA and the setup is looking good. Depending on how the day will end, we might see three white (green) soldiers appear.
Entry: now
Target 1: 795 sats (daily resistance)
Target 2: 887 sats (daily and weekly resistance and the top of the consolidation channel)
Mind you though, this is a risky entry as we might also see a further retracement back towards the bottom of the channel. Make sure to set your stop loss.
No financial advice.
XLMUSD an expected Head & Shoulder moveHi guys hope you are well and welcome to the new update on a Stellar. As in my previous post we have seen that the Stellar had started a correction really now in this article we will try to understand how much the price action can be moved more down.
The bearish Shark has done its job:
On 8th of June I posted an article where I revealed that the price action of XLM has completed the Shark pattern on long term weekly chrt. At that time and the price action just spiked in the potential reversal zone. Therefore there was strong chances of correction rally. Below was the pattern:
Now below is a current situation and you can see that the price action has been retraced up to 0.50 Fibonacci retracement level.
The price action is rejected by $0.08 resistance:
Now if we switch to the 2 day chart then the different support and resistance levels can be clearly noticed. At this time the price action is moved back to the previous support at 6 cents after rejection from 8 cents resistance. This resistance level is very strong for the price action of Stellar as the price action never able to cross up or break out this resistance since after it was broken down in August 2019.
In case the price action will break down the $0.06 support then we have the next support level $0.04.
And if the price action will break out the 8 cents resistance then we have the next resistance level at $0.10. And then next resistance will be at 13 cents. And if this $0.13 level will be broken out then from 13 cents up to 20 cents there is no significant resistance can be seen. Therefore within very short period of time the price action can move from $0.13 to $0.20.
An expected Head & Shoulder move:
At this time the price action is likely to form a Head & Shoulder pattern. Before this we have already seen the formation of Head & Shoulder pattern from December 2019 to Mid of March 2020. At this time the left shoulder and the head has been completed and from the neckline the price action is moving upwards and likely to form the right shoulder.
An expected formation of Bullish Crab:
With the Head and Shoulder move the price action of XLM is also likely to complete the final leg of bullish Crab pattern. So far the price action has spiked very close to the potential reversal zone. Therefore we can expect that before the completion of the right shoulder of the Head & Shoulder pattern the price action may hit another spike up to potential reversal zone to complete this final leg.
Conclusion:
From this level we can expect an upward short-term rally then a downward move can be expected up to the neckline of the Head & Shoulder pattern.
STELLAR LUMENS ☣️ | 8 Reasons You should be Talking About XLM➡️➡️ With the XLM protocol 13 upgrade live, and with the long term bearish trend finally starting to reverse, it is looking like there might actually be some reason for XLM bulls to celebrate again.
Now let's look to see if the bulls can take this uptrend as shown by Fractal Trend (Aqua bar color) and turn it into a proper launch pad from some of these horizontal levels!
Support:
XLM has had a solid recovery since the COVID crash, and it is no surprise that we are now seeing some consolidation.
Although some consolidation is healthy, the bulls aren't going to want to give up too much more ground here. What the bulls want to do is hold the S1 orderblock formed at the most recent swing low to put in a nice higher low in the current consolidation range.
If S1 doesn't hold, the S2 and S3 orderblocks could hold to at least put in a higher time frame higher low and break the clear downtrend pattern (although obviously a test of these levels fully jeopardizes any hope at an immediate bull run).
Resistance:
The first point of resistance for the bulls is the R1 orderblock formed at the previous breakdown. Taking R1 out and at least testing the R2 previous swing highs is vital for the bulls to show strength and to maintain the newly formed uptrend.
The bulls will have momentum on their side with a break of R2, but have a good amount of resistance overhead due to the long-term downtrend XLM has been in.
The next level of resistance to contend with after R2 is the R3 orderblock formed during the prior breakdown.
If the bulls can get past R3, then the R4 and R5 orderblocks should at least see a reaction. A break above R5 is likely to have XLM looking rather bullish, but future levels would have to be assessed if and when the bulls get us there.
Summary:
The XLM bulls finally have a reason to be hopeful. It has been a long time coming, but it looks like the tide could be turning (so if the bears want to keep that long term downtrend intact, they better act fast).
In order for the bulls to show us they are serious however, they will need to take out that R2 orderblock. The simplest and easiest way to do this is to find support at S1 and make the push ASAP. So the bulls should be hoping to see that.
Resources:
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XLMUSD a possible bullish reversalHi friends hope you are doing well and welcome to the new update on Stellar. As after hitting the resistance of channel the XLM has dropped more than 24%. Therefore in today's article we will try to understand what the price action can do next.
Bearish Shark pattern has done its job:
In my previous article I revelaed that the price action of XLM has formed bearish Shark pattern on weekly chart and it was expected that the price action will be moved down from here. After heating the potential reversal zone of this pattern now finally the price action has dropped and it has been retraced between 0.382 to 0.50 Fibonacci level.
Up channel and synchronization of price action with indicators:
Now if we switch to the daily chart. Then XLM has formed an up channel like every top cryptocurrency including Bitcoin. The movement of the price action within this channel was very much synchronized with stochastic, MACD and Momentum indicators. Whenever the price action reaches at the supported the stochastic gives bull cross and MACD and momentum indicators turn bullish. The price action follows the signals of these indicators and moves up and hits the resistance of the channel. We have witnessed this move in the month of April and then in the month of May 2020. Recently the priceline again moved at the support of this channel and stochastic and MACD both turned bullish together but so far the momentum indicator is strong bearish. Therefore the price action finally has broken down the support of the channel. And after breaking down the channel the stochastic has given bear cross again.
Support and resistance levels:
We can watch the different support and resistance levels on 2 day time period chart. After March 2020 first the price action broke out the $0.045. Ater breaking out Stellar retested the previous resistance as a support and moved towords next resistance of $0.06. And after breaking out the this resistance level the price action again re-tested this resistance as support and moved up to the next resistance level of $0.08. The $0.08 is one of the most strongest resistance level for the price action of XLM. And this time the price action is again not able to break out this resistance level and after being rejected it is moving back towards the previous resistance of $0.06 to re-test it as support.
A bullish reversal harmonic move:
If we switch back to the daily chart then it can be easily seen that after breaking down the channel price action has completed the formation of a bullish BAT pattern. This is a bullish reversal pattern therefore there is a possibility that the price action will take the bullish divergence from the potential reversal zone that is defined as per Fibonacci sequence of harmonic bullish BAT. But this potential reversal zone should be set as a stop loss. Because once this PRZ level will be broken down then the price action can move more down to complete the final leg of bullish Crab pattern.
Conclusion:
Even though all indicators are turning bearish and the channel support also has been broken down but there is a possibility that the price action will be reversed bullish as it has completed a harmonic bullish move.
XLMUSD | An opened alligator mouth is expected for bullish rallyHi friends hope you are well and welcome to the new update on Stellar. Today in this article we will see how the XLM is turning more and more bullish to achieve the highest price ever in its history. But this time the Lumens is also giving some bearish signals on the short-term let's watch the bearish signals first.
Formation of bearish Shark:
On the weekly chart the price action of XLM has completed the formation of bearish Shark pattern. Even though it is difficult to identify that the initial leg is separate or the continuation of the previous movement because the upward movement up to X point Is not as that much long as we can easily declare it as a separate leg. However if we forget the previous movement of the price action and take it from the X point then a complete Shark has been formed. And price action has already visited the potential reversal zone of this Shark. Therefore there is possibility that the priceline will be dropped from here.
Movement in up channel with synchronization with indicators:
On the daily chart the price action of XLM is moving within an up channel. And after hitting the resistance of channel it is likely to drop down again. And the movement within this channel is very much synchronized with the combination of indicators: 1.momentum 2.stochastic 3.directional movement. If we take a closer look at the chart then it can be easily observed whenever the price action reaches at the support of this channel and momentum turns bullish and stochastic also gives bull cross and finally when the positive directional indicator forms a bull cross with the negative directional indicator then the price action turns bullish and reaches up to the resistance of channel. It can be seen in April and also in May 2020. At this time the positive directional indicator is above the negative direction indicator that is the bullish sign. And the ADX is also up that is showing the power of bulls. But now the positive directional indicator is moving down to form bear cross with the negative directional indicator. If this bear cross will be formed then the same ADX will be assigned to the bears and it will be showing the power bearish trend.
Support and resistance levels and moon phases:
After the mid of March 2020 the price action of XLM turned very strong bullish and it broke $0.045 and then $0.06 resistance levels At this time the price action of Lumens has reached at the resistance of $0.08. This resistance level is very strong as on the chart it can be seen that since September 2019 the price action has made several attempts to breakout but so far it is not able to breakout this resistance level. I have also placed the moon phases indicator on this chart. This is very useful indicator to identify the bullish and bearish trends. On the chart we can see there are some full moons and some dark moons. The distance between one moon to another moon is called synodic cycle that is 29.5 days long. The recent dark moon is appeared at the support level of $0.06. That is an indication that it will be difficult for the priceline to break down this support. And the recent full moon it appeared at the resistance level of $0.08. That is showing that the maximum reach of the price action is up to this level. Therefore we need the next dark moon to be appeared above the $0.06 level and the full moon should be appeared more up in order to have break out from $0.08 resistance.
The Stellar is breaking out the falling wedge:
On the weekly chart since January 2019 the price action of Stellar is moving within a falling wedge. I have also placed the volume profile on the complete protection moving within this wedge pattern that is showing the traders interest up to 10 cent. And if we take a closer look at the Bollinger bands then it is moved above the resistance of this wedge pattern. Therefore it was easy for the priceline to cross up the resistance level. Now finally the price action of XLM has crossed up the resistance of the falling wedge. And at this time the new candlestick is opened above this level but the breaking out from this wedge pattern depends where this candlestick will be closed. If it will be completely opened and closed above this level then we will have a successful break out from this pattern. And after breakout if the price action will retest the resistance of this wedge pattern as support then Stellar may drop up to 6 cents before the next rally.
Simple moving averages can form an opened alligator’s mouth:
If we watch the position of the different simple moving averages with the time period of 25, 50, 100 and 200 then we can notice that these SMAs are turning strong bullish. If we take a look back at 2017 chart then it can be observed when the 25 simple moving average crossed up all other simple moving averages and the 200 simple moving average move below on others simple moving averages then a complete opened alligator mouth was formed by these SMAs. That produced more than 4000% strong bullish rally. Same as like that the simple moving averages are forming an opened alligator mouth. At this time the 25 simple moving average is moved above all other simple moving averages then we have 50 SMA but so far the 200 simple moving average is moving above 100 SMA. And these two simple moving averages are moving sideways for the long time. Once the 100 SMA will cross up the 200 SMA then a complete opened alligator mouth will be formed that can produce more powerful bullish divergence.
Repetitive harmonic move:
At the end I would like to recall the repetitive move and that is the formation of bullish BAT pattern on the monthly chart. If you take a look back at 2017 chart then the price action of Stellar formed the same BAT on the weekly chart. And when the Stellar moved up from the potential reversal zone it produced more than 4000% massive gains. This time the BAT is formed on the bigger time period chart. Therefore there is possibility that the priceline will produce more profit than the previous rally. However as per Fibonacci sequence of BAT pattern we can set our buying in sell targets as below:
Buy between: $0.11 to $0.059
Sell between: $0.23 to $0.41
So realistically as per above targets the Lumens can produce up to 600% rally.
Conclusion:
As recently the price action of XLM has reached at the resistance of the channel that is formed on the daily chart and on the weekly chart the new candlestick is just opened above the resistance of the wedge. Therefore there is a possibility that the price action will start a correction rally to retest the resistance of wedge as support of wedge and to hit the support of the channel as well. However after this correction rally a new bullish move is expected.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
XLM ready for take-offPlease feel free to comment and challenge me on my TA. Hit a like to show support.
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- Ranging since 07/2019
- Significant increase in volume
- Range high (886) is very close to being broken
- Chart looks exactly the same as the Cardano chart before it skyrocketed
- Next resistance at daily level (1274)
Waiting for confirmation above range high before I enter.
XLMETH SHORTSELL W BOTTOM IN EFFECTXLM is a wonderful token that aims to serve as sort of "currency conversion wood chipper" where you can shove virtually any currency: beit, USD, EURO, YEN, CAD , or even cryptos (including all ERC20 of the 5500 current coins/tokens listens on the market) which is a lot of cryptocurrencies -- well over 2,000* (*fact check me on that)* though the point is: XLM serves to be the intermediary, bridge, gap to convert other currencies into a singular universal currency which then proceeds to have XLM tokens be the effective future 'stabelcoin' focused solely on transnational data.
Needless to say, XLM will play a QUINTESSENTIAL role in global integration -- particularly when it comes to seeing cryptocurrencies transcend from store of value to everyday transnational use.
Factor in the 600 million unbanked in SouthEast East; this is a recipe for success, if the PR, marketing, usability, scalability, (as well as other cards/variables) are played correctly.
Please defer to my last publication where I included a shortsell signal for ETH at 204.90 (around there, linked below) -- which we proceeded to close later that evening; included in the oped is my detailed reasoning & belief as to why in addition to publishin a LONG next to a forexsignal publication that had nothing but shortsell targets if you took notice to read -- you'd have bothered to pay attention and see that the publication in itself was for LONG (SUPERLONG) I believe I said; whereas the forexsignals in themselves were shorts.
As projected; my analysis was correct ...by the end of the week ETHUSD was looming around $234.40 up a staggering 18.12% from the time of publication...and again; this was a LONG publication.
IN the meantime, it's great to take advantage of certain pairings to "stack sats" and collect more #ETHUSD if you're as bullish as I am on it for the longer duration.
Included is this XLMETH short entry that was just too juicy for me to not share with ya'll ; so I decided to hop on and post a publication.
Due to the volatility of current market consolidation periods; I wouldn't suggest posting any longer than SHORTSELL publications (in good confidence) and be absolute in my / whoever's TA's own certainty -- that would be in bad taste & a falsehood : intentionally misleading.
Hence; I've provided a short signal for XLMETH, which in addition to many others, Cardano esp. is ripe with opportunity for quick ERC20/ETH pickings.
Trade Safely, stay healthy, and R.I.P. George Floyd.
Peace & Love
@a1mtarabichi
(all horizontals, including green TP1-3/blue pivot, and most important: red are in publication)
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
XLM/BTC 12H (Binance) Falling wedge breaking out Stellar Lumens looks bullish again, in the past those wedges broke-out well so I'm expecting history to repeat itself.
(E)MAs are acting as support now so that would help going up, I'm entering right now but will add more if pulls back in the yellow zone.
Current Price= 0.00000741
Buy Entry= 0.00000727 - 0.00000705
Take Profit= 0.00000787 | 0.00000840 | 0.010108
Stop Loss= 0.00000645
Risk/Reward= 1:1 | 1:1.7 | 1:2.97
Expected Profit= 9.92% | 17.32% | 29.47%
Possible Loss= -9.92%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 720h