XLM testing a 2 year downward trend lineShould XLM break the red trend line as drawn ((shown here from June 2018 till date), I expect it to hit 0.094 to 0.098 range and correct itself to 0.07 to 0.074 range before starting its upward journey to 0.14 to 0.16 before the next resistance will come into play.
Am optimistic about this time.. Happy trading.
Stellarlumens
Steller (XLM) is warming up to a very strong bull marketHello everyone,
As you can see, i usually don't analyse a short period i prefer to look for the big picture. XLM and many other ALTS have almost the same structure, market cycles mean no bear market nor bull market will last for ever.
i will summarize the important points i relay on:
*Major and minor ABC 12345 waves was formed which means bear market is over based on Elliot Waves Theory
* XLM touched the major historical trend line coinciding with the end of wave 5 then retrace which gives us a great evidence we will start new waves formations to the upside
* XLM is not anymore making Lower lows and Lower Highs
* we have cup and handle on the daily chart (which means XLM is preparing to breakout the bear market channel
* XLM broke out 9,50,100,200 MAs and is trading above all of them and that is very strong sign of a start of bull market
* most indicators are bullish
this is only my opinion and not a trading advice
please don't forget to like and comment to motivate me to continue
thanks!
Stellar Lumens (XLM) ready to break 2-year old downtrend!A very simple chart for Stellar Lumens (XLM).
Retraced all the way towards the levels before the big surge in December 2018. Confirmed support there.
Bounced upwards & flipped the $0.053 level support as well and now facing a 2-year downtrend.
As long as $0.053 remains support, a breakout to the upside is likely to occur.
Main targets to aim for;
$0.09
$0.14
$0.19
The last one would grant a 195% move from here and would combine the XLM / BTC chart as well. The chart of XLM against BTC retraced all the way to the resistance in 2016 and is stuck in a range.
If a breakthrough of 910 sats occurs, space is open towards 2200-2500 sats.
Not financial advice.
Stellar/XLM Double bottom and Head and shoulders 2x to 10x.Double bottom and the head and shoulders indicators are great indicators that give indications of the start of a bullish movement. With a couple months of accumulation , Oversold xlm will look to price correct . The first true resistance test will be at around 850 - 900 . Once broken then XLM is confirmed bullish!!!!
XLM Gann IdeaSet on weekly. Going out super far was the only way for it to make sense to me.
Looks ready for a breakout soon on the break of this 1/5 angle
XLM/USD, FALLING WEDGE (WEEKLY) NEAR APEXCurrently there is some bear div at the top of the previous pump on the hourly TFs so I am expecting a pullback. On the USD pairing, it looks near ready for a break out due to being near the apex of the falling wedge, additionally the stoch rsi on Monthly has crossed up. An area of confluence that I would look to long is .618 fib which coincides with the 50 MA.
FOR BTC PAIRING, REFERENCE
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH.
Stellar Lumens - $XLM - Clean Count$XLM is one of the coins with a clean count. I will use it as a guideline to look for similar setups.
What's noticeable is the fact that there's bearish div on hourly timeframes so we'll range a bit now.
The second subwave of iii was simple so 4 will be complex.
#CRYPTO #XLM $STR #STELLAR #STELLARLUMENS
XLM building to make 200%+ movement soonWavetrend and Volume oscilator indicators seem to be lining up to retrace back to the Major resistance 2 line. This may happen once XLM breaks Major resistance 1 line.
This isn't trading advice, just documenting and learning ideas.
Any feedback is appreciated.
Stellar breach of falling wedgeBreach of falling wedge may lead to upsides, prices often drop out of falling wedges to the downside, this is a good time to add to your position if faith is kept in the falling wedge.
Stellar Lumen ($XLM) - trend analysisXLM/USD is still in the downtrend however price reaching major historical support level.
For sure it a great place to accumulate some $XLM.
There are at least several things that we need to see on the chart to be sure that reversal is happening:
1. Price has to break bold yellow resistance line;
2. Price has to start making lower highs and higher highs on daily chart;
3. Price has to surpass 0.1$ first but minor psychological level
If current support level will not hold we may see price going to 0.03$ but it's unlikely in my opinion.
In any case 2 year cycle is coming to an end and we will witness a start of new uptrend cycle in the upcoming year.
Here is my XLM/BTC chart:
Trade carefully and good luck!
STRBTC Falling wedgeStellar is in a falling wedge pattern, breach of the bottom of the falling wedge may signal an immediate upside.
Stellar Lumens Potential 200% Play - Daily AnalysisJust like every other altcoin, stellar lumens looks very bullish. It's finally stopped bleeding, and found support at a known monthly level @ 755 sats.
For the last 5 months, price has been in accumulation around that level and is starting to breakout. We can confirm this movement by the 'golden cross' of moving averages, meaning the 200MA (white) crosses the 100MA (red).
Entry at the Monthly Level Support @ 755 sats
(Anything below 755 sats is a GREAT buy)
1st Target SELL @ 1250 sats for a 64% gain
2nd Target SELL @ 1708 sats for a 136% gain
This move may take a few months to play out, but it will. History repeats itself on all of these altcoin charts, let alone bitcoin. It really is the start of altcoin season and I could make a chart on every single altcoin, they ALL look the same..
Anyways, If you want to stay updated on this stellar 200% play as well as other altcoins, feel free to join my telegram groupchat. There's a little over 200 of us in there right now talking all-day about altcoins. If you're already in the Telegram, shout out to you guys you're the best!