Stellarlumens
$XLM - LONG - 1D - TRADE IDEA- Watching this one closely looking for a bullish reversal structure to form before entering
- either a nice double bottom here or a break below and reclaim
- RSI is oversold but that doesn't mean shit as far as I'm concerned it helps build bias and that is all, especially at an untested support.
- Really am expecting this zone to act as support and very confident on buying here. Its is an OB back from December 2017 that has never been test and was the dump prior to XLMs huge run
- Take 75% of profit at 2170 SATS and watch for 2326 to break and act as support to be honest.
Stellar Lumens Ready For a 10X!!!Welcome back!
Today I wanted to go over stellar lumens because I see massive profit potential coming very soon.
This was a coin I already made lots of money on back in the last cycle and I see the EXACT same set up happening right now.
DONT MISS OUT!
This idea will give you an in depth analysis on XLM and what I see happening in this cycle moving forward.
Based on Market Cycles I have successfully traded this pattern sequence for serious profits.
This sequence has 3 parts that I call, "Blow Off Top, Accumulation Distribution, and Final Sell Off."
Many top alts follow this pattern which is why I expect them to make us serious returns moving forward.
Let's dive right in and show you what I mean!
XLM/USD - Day chart - potential +90%XLM looks like its completed waves 1 and 2 on the day.
looking for wave 3 to my target zone.
f you've found this useful, feel free to donate. thanks.
BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
Stellar Lumens Hits A New Low, Can Go Lower!Stellar Lumens (XLMBTC) just hit a new low today marked by 1.618 Fib. retracement support from the last bullish wave.
Looking at the structure of this chart, it is easy to see that XLMBTC can go lower before moving up.
Feel free to hit like... And let's continue...
Few points to take into consideration:
Trading volume is really low, so this drop is coming to an end soon.
The light green area (and green arrow) is the most likely scenario right now in my opinion.
Bullish divergence is starting to show up on the MACD.
The RSI is reaching oversold (30 weekly).
The future is bright, green and beautiful. After a strong wave down, an even stronger wave up will follow... So we are seeing a great opportunity in the making.
What's your take on Stellar Lumens, do you like this project?
Please share your thoughts in the comments section below, and make sure to leave a like if you want to see a full trade for XLMBTC once it completes its retrace.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
XLMUSD 100% gain opportunityThis trade is aimed at longer term holders. The market in all crypto's has shown a very strong start to 2019 with 5 clear impulsive waves up. Thus an ABC has followed and it is extremely likely that another 5 waves up will now follow. This is possibly the best opportunity to get into crypto as XLM has nearly reached the 0.618 retracement of wave 1. The target is taken by multiplying wave 1 by 1.618 and adding this distance to the end of wave 2. The alternate count is that this will be a Zigzag (5-3-5) which still forecasts 5 more waves up.
This is not financial advice as always, and this is only for research purposes. I am not responsible for any losses you may incur. Trade safely and stick to your stop loss!
Possible Ascending Triangle Forming After being rejected from 200 EMA and now currently Testing trendline that already been established since October 2017.
it's a crucial support in order to maintain the price level above 2200 satoshi if it broke.. expect a major downfall since there's few support in play from the past time...
if we look closely we also inside the Ascending triangle, if the recent price action manage to bounce back within triangle. although it known as bullish pattern. it will be interesting how it's will plays out because ascending triangle also can failed and play to be a continuation for a bear trend to keep maintained. expect a volatility in this coin soon.
Support :
2200 satoshi
1560 satoshi
Resistance
+- 2550 satoshi
+- 2800 satoshi 200 EMA area.
Nothing Looks Bullish About XLM...HmmmmIt's true. Nothing looks good about the XLMBTC chart. Even looking at the XLMUSD chart, we're still trapped in the bearish channel, unlike many other cryptocurrencies, including ETH. That's pretty nuts. Here's the USD chart:
Zoomed in on the daily with a couple possible scenarios:
In my opinion, XLM is primed for an AMAZING trading opportunity. A lot of money will be made if it breaks down OR if it breaks out to the upside. Since the market has generally been bullish, my bias is to the upside (hence posting this as a long setup), but on the Bitcoin chart it has a long way to fall (all the way to 1300 if 2000 does not hold).
On the XLMBTC chart, it looks undeniably bearish. It couldn't even hold above its broken downtrends (light blue and red), even on massive buying volume (circled in green). That buying volume is important though. It means A LOT of people bought XLM when it was at that point in time. Remember, it was still well below 10 cents there. Holding above 11 cents is still fairly bullish. If it continues to hold, and we push above the channel resistance, it would complete a massive inverse head and shoulders pattern, as you can see in the chart I posted above. This is why I added the XLMUSD chart to this analysis, as it tells a bit of a different story. Just as LTC, ETH, NEO, and many others broke out of their bearish channels, I see no reason why XLM can't do the same.
For XLM to break down at this point, there will have to be a fundamental reason why it is not deserving of value. Seeing as it has just as much speculative value as many other coins that have been doing better, I see it as currently undervalued. I could be very wrong though. The next stop if XLM breaks the long term ascending support (purple) is potentially the bottom of the channel (red X), and the 5 cents zone. From there, I would look for the final bottom, if we have not seen it already.
This is not financial advice. This is something I've been looking at for a while. XLM has failed to remain as bullish as I had been expecting (and as such is one of my worst calls), but that doesn't stop me from wanting to analyze it and nail this thing down once and for all.
At the bottom, you can find the analyses where I called the breakdown from 3500 all the way to 2000, as well as suggesting that we had found a bottom when XLM was near $0.07, and that it also meant that the rest of the market had possibly bottomed. Even though the rest of the market outperformed XLM, this indicator turned out to be true, for the time being.
-Victor Cobra
IBM and Stellar Are Launching Blockchain Banking The fundamentals look good. The technicals look good. I am a fan of Stellarlumens (XLM) here. Refer to chart for some key notes. Basic candlestick support and resistance is identified.
Most importantly Stellar is testing a major resistance in a cup and handle up-trending pattern currently. Popcorn ready.
Is Stellar getting ready for that big pump?Nothing flashy here. I am just comparing XLM's 2017 cycle with the current one. Even though the duration/ horizons are different, the principles of market psychology stay the same.
We see an aggressive sell-off initially over -80% followed by a first period of consolidation leading to the final sell-off (around -70%). Stellar seems to be on final stage of the current consolidation and if history repeats itself, I am looking at an aggressive pump soon. Not as aggressive of course as on the 2017 cycle as that would take XLMUSD near its All Time Highs, which is currently unrealistic. But who can rule out 0.20 (double the increase of the previous pump just like the 2017 sequence)?
How soon? Well I can't time that due to the difference on the cycles' duration but my fair estimate would be 1 - 3 months.
What do you think? Is it unrealistic to expect 0.20000 within 3 months? Are you even more optimistic maybe?
Let me know in the comments section!