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.
Stellarlumens
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!
XLMUSD formed bullish Crab | A buying opportunityPriceline of XLM / US Dollar cryptocurrency has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.056838 to 0.055971
Sell between: 0.057510 to 0.059134
Regards,
Atif Akbar (moon333)
XLMUSD formed bullish Gartley | Upto 23% expectedPriceline of XLM / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.07214152 to 0.06784270
Sell between: 0.07552560 to 0.08360964
Regards,
Atif Akbar (moon333)