XLM in a Good place to market buy on uptrend!Hey, I am back with some alt analysis.
Stellar lumens, a coin that always beat XRP in the performance.
XRP is making some moves up, trying to follow BTC, but the XLM will easily outperform XRP once again IMO.
This should be an easy 10% trade, even though I think, the price is able to break the resistance area..
Good luck with your trading!
Stellarlumens
This Is Why I Was Bullish On XLM | Watch How It Can Hit $5Hi guys and gals hope you are doing good and welcome to the new update on Stellar coin. The price action of Lumens is moving within an up-channel since March 2020 on a daily chart. On the 19th of June, the price action broke down the channel’s support, and while re-testing the previous support of channel as resistance the price action re-entered in the channel and even moved up to the resistance. If we watch the moon phases indicator then the previous dark moon appeared below the support of this channel at a very big distance. Therefore the price line reached up to that level and broke down the support. Now the new full moon has appeared above the resistance of the channel that is a positive signal that the protection can reach up to this level. Now if we take a look at the directional movement indicator then a positive directional indicator (the blue line) is above the negative directional indicator (the orange line) and the ADX (The red line) is up with the powerful value of 43. At this time the ADX is showing the power of bulls because the bullish line of positive directional indicator is above the bearish line of negative direction indicator.
The SMAs formed opened alligator mouth and priceline is trying to breakout the key level resistance:
If we place the simple moving averages with a time period of 25,50, 100, and 200 on the daily chart. Then it can be seen that the smallest time period moving average 25 is above all then we have the 50 then 100 and then 200 simple moving average below are all the SMAs. On the 12th of June, a complete opened alligator mouth by the simple moving averages was formed in the meanwhile the price action was in the correction mode. After correction rally, the price action re-tested the support of 100 simple moving average and started a powerful bullish rally. At this time price action is trying to break out the powerful resistance of 10 cents. That is the key level resistance for the price action of XLM. During the correction rally, we can also see that the 25 simple moving average crossed down the 50 SMA and now it is up again.
Here I would like to take you on the Aave token chart. When back in November 2019 the Lend token had complete formation of open alligator mouth by the simple moving averages on the daily chart. The price action started a correction rally the same as like we have seen on the XLM chart. And used the 100 simple moving average as support and started bullish divergence and after breaking out the key-level resistance of 0.00000268 btc the price action rallied more than 2100%. So we can expect once the Lumens will be able to break out the key level resistance of $0.10. Then it can produce big gains the same as like the Aave token.
A big bullish BAT pattern:
Now at the end of this article, I would like to recall a very big bullish BAT pattern that I have been sharing with you since last year. And that is the price action of XLM has formed a very big bullish BAT move. This is a kind of reparative move like the Stellar formed a BAT pattern back in 2017. When it started the bullish rally for more than 4000% gains. But that BAT pattern was formed on the weekly chart. This time the price action has formed a big BAT on the monthly chart.
So we can expect a more powerful move than the previous one. However, realistically as per Fibonacci sequence of bullish BAT the targets can be as below:
Potential reversal or buying zone: 0.110 to 0.059
Fibonacci projection or sell zone: 0.23 to 0.41
A big bullish Butterfly:
If we watch the Stellar with Bitcoin pair then it has formed a very big bullish Butterfly pattern on the two-week chart.
Click here to visit this old article on tradingview
And the targets as per Fibonacci sequence of Butterfly can be as below:
Potential reversal or buying zone: 0.00001369 to 0.00000380 btc
Fibonacci projection or sell zone: 0.00002141 to 0.00003986 btc
Conclusion:
Stellar has a good history to produce powerful bullish rallies based on the harmonic moves. Therefore we can expect that this time it will repeat the history again. However, the charts I have shared with you are long term. Therefore this move will need some patience.
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/USDT | Head and Shoulders | Trend Reversal | Trade Setup Today's analysis – XLM/USDT – Retracing after a strong break of structural resistance
Points to consider:
- Macro trend reversal
- Bullish price action
- S/R flip re-test
- Volume influx
- Oscillators overextended
- 21 EMA visual guide
XLM showing convicting signs of a macro trend reversal as it breaches a key level coinciding with monthly structural resistance and its head and shoulders neckline forming a bullish bias in the market.
Multiple bullish engulfing candles with strong volume follow-through is indicative of buyers present in the market and trend continuation is probable.
Price respecting structural support upon retest will solidify the S/R flip and substantiate the bullish bias.
The influx of volume needs to sustain as price retraces and tests support to solidify the price action and avoid any fake-outs.
Both oscillators cooling off from overbought conditions, a retrace and consolidation above support will neutralise and prime the oscillator for a trend continuation. Both the RSI and stochastics need to range above 50 to maintain the bullish bias in the market.
Further price development will allow the 21 EMA to act as a visual guide, assisting in trade management.
Overall, in my opinion, a successful S/R flip re-test of neckline resistance validates a long trade to technical targets above with risk defined below support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
XLM/USDT - Possible Completed ImpulseThe count I have for XLM has us already done with the wave one and potentially working on the 1/2 of the A.
Its always possible that I have miss read the subdivision of the final 5 and we get another move up but we are close to a top here ether way.
I recommend if you go short here to use a stop above the high. its better to take a small loss and re-enter, than get rekt giving it too much room.
XLM/BTC Setting Up for a Strong 12 Months (400%)Anyone that truly understands economic and social theory understands that Bitcoin is the only long term guarantee.
That said, the Stellar project is a fundamentally & technically sound with adequate institutional awareness (hype) and thus likely to stick around for a few more years.
Personally, I accumulated DCA style over the last 9 months and will now hold.
MACD bullish crossover
RSI turning bullish
Incoming breakout from descending triangle
MacroMew
STELLAR LUMENS ✅ Can XLM Rally after a Rejection at Resistance?💬 Stellar (XLMUSDT) recently got rejected at resistance. Stellar has some interesting ideas in the works, like a "Turing complete" contract proposal, but generally speaking, large-cap cryptos have been yawn-inducing. With that said, we have Stellar on our weekly watchlist for a reason. Let's see if XLM can find support and rally to break away from the large-cap heard (and maybe even lead them to victory).
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Support:
S1: The S1 S/R flip is the primary support here, being used as a clear pivot point previously. Buying here with a target of R1 or R2 makes a lot of sense. The sort of bullish continuation a rally off of S1 would create is exactly what XLM fans want to see.
Resistance:
R1: The R1 S/R flip is a perfect target for those S1 longs. A move to R1 from S1 keeps the bullish momentum intact and provides a nice chunk of % gains to swing traders.
R2: If the bears can't defend R1, then R2 is a solid target as well. It is likely R2 sees a reaction due to this level being a significant point of resistance in 2019.
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Summary:
XLM is starting to look really nice here. Can the bulls continue the momentum, or is this going to be another disappointing and quick rally in a downtrend for Stellar? No one can say, we can only watch how price reacts at levels ourselves. Good luck everyone and ensure to use proper risk mitigation and pre-plan your trade!
Resources:
thecurrencyanalytics.com
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
RSI Bounce level?Take a look and see for yourself. Friend of the trend. Support Resistance flipped, fast bounce from new found support, looking bullish, one hour RSI looking ready to make a turn around again. If we back test support again, look to add to a long position before this coin goes parabolic like the other alts.
XLMBTC - Looks strong to get higherXLMBTC is interesting to observe. It looks like a good pump candidate, at resistance (tested multiple times), but rising sharply.
Good entry point - retest/close above the resistance. A strong pump looks reasonable after the resistance break.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
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)
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 !