XLM within a falling wedge pattern.XLM/BTC is currently within a falling wedge pattern on both the 4-hour price action and the 4-hour RSI. XLM/BTC is also approaching the .5 fib level which acted as support before it ran to ~2980. Setup looks good from what I can see as we have a falling wedge pattern heading right for a prior support zone, but Bitcoin can ruin the party if it decides to decisively move one way or the other. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are feeling generous! :)
Entry: 2525-2560
Target 1: 2630 (.382 fib level and prior support zone.)
Target 2: 2765 (.236 fib level and prior resistance zone.)
Target 3: 2975 (Top of the falling wedge and we could see a potential double top play out.)
SL: 2460-2490 (depending on much risk you want to incur given the current market environment.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Robinhood crypto article: support.robinhood.com
Stellarlumens
XLMUSDT SignalXLMUSDT has had a downwards breakout at the bottom of its range. We target a 23% retracement in the scenario of a downward trend, with later targets coming into play if we are forming a range structure.
Buy:
0.10000 - 0.1006
Target 1: 0.10184
Target 2: 0.10360
Target 3: 0.10560
Target 4: 0.10873
Target 5: 0.11192
Stoploss:
0.09674
XLM/USD - 4 Hour - Potential +44%XLM looks like its completed 3 sub waves of a higher order wave 1.
Wave 4 is currently forming, and i'm expecting a C move down the 0.5 fib.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
XLM Cup & Handle formation but must clear resistance at 0.00003XLM momentum seems to ebbing down after the Money 20/20 / IBM world wire news.
A clear cup & handle formed, but the subsequent run got stopped at resistance at approx. 0,00003 BTC/XLM
The weekly chart looks still good with bullish cross-over on the MACD, but this must be confirmed with the next candles.
Outlook: if 0,0003 line is broken, I'll be further bullish.
XLM could draw capital from XRP now based on the recent IBM/Banks deal.
No financial advice, DYOR always.
Cross fingers & c ya
XLM Stellar Lumens Buy in 3 timesXLM is a strong coin. so it's always better to invest and play your big bag money in BTC and Strong Projects.
Now Stellar is making a correction so have to be patient and buy at the good time.
i checked indicators so MACD is making a correction on 1D timeframe but crossing up on 1W timeframe, so stellar still in a bullish mode.
Bouncing can happen in this zones :
Buy 2700ish ( EMA 100) small invest.
Buy 2500ish ( EMA 50) medium rebuy invest.
Buy 2300ish ( old resistance zone transformed in support after breaking ) strong invest.
Sell 2950ish and wait to see if a break happens.
Check BTC thermometer as always.
Happy Tr4Ding !
Stellar – XLM – enter the position on 1 conditionHi Guys!
We have good news regarding Stellar.
First of all, they announced the partnership with IBM World Wire , a real-time global payments network that optimizes cross-border payments, forex, and remittances.
As Coindesk reports:
“Announced Monday, six international banks have signed letters of intent to issue stablecoins, or tokens backed by fiat currency, on World Wire, an IBM payment network that uses the Stellar public blockchain. The network promises to let regulated institutions move value across borders – remittances or foreign exchange – more quickly and cheaply than the legacy correspondent banking system.
So far three of the banks have been identified – Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea – the rest, which are soon to be named, will offer digital versions of euros and Indonesian rupiah, “pending regulatory approvals and other reviews,” IBM said.
”
So this means the team of Stellar is extremely active and they progress massively.
Dreams of sending money like an email are becoming more and more realistic .
Here are details of the technical analy sis :
• Ichimoku Cloud – the price is above the Cloud and Tenkansen(red) which is also over KijunSen (blue) – bullish
• Weis Waves – lots of demand and almost no supply – g ood
• Cup with handle observed - Let the price stay above 0.00002930 for a while.
If we stay there with a couple of bars it means BUY.
Targ ets to reach:
1. 0.00002930
2. 0.00003390
3. 0.00004020
4. 0.00004680
This makes possible to earn around 65% soon .
What are your predictions?
Do you have XLM on your radar too?
Thank you for reading.
Hit a like if like our job.
Please do write a comment down below.
MASSIVE Hugs!
WBM Team
XLM looks good on the weekly ^.^Stellar Lumens / XLM looks bullish on the weekly time frame.
MACD bullish cross over imminent, showing momentum on the histogram.
RSI: hitting 50 again, as in Oct 2017.
We have to clear the yellow resistance level to confirm bullishness, imo.
And: Big news still imminent from IBM in the next 2-3 weeks (IBM world wire launch)
Cross fingers, stay safe !
Disclaimer: not financial advice, DYOR
XLM/USD: Cup and Handle Formation Confirmed First TA since my ban was lifted yesterday! (Formally known as TragicShitCannon.
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Cup & Handle confirmed on the Daily which we have now broken. Short term future looks good for Stellar.
Money 20/20 Could be significant, possible dump after conference if thereis a big pump (which I expect) beforehand, watch closely. BTC breaking above downward trend line which is a good indicator.
Market Update - NANO/XLM/BTCTaking a break starting today for a bit. Won't be updating my charts until at least Monday. Just outlining some possibilities, since we're still sideways, though some alts are looking strong. Bitcoin and Many alts are at or near major resistances, so now is the time to wait to see what happens. With BTC, I forgot to mention in the video the possibility of a new falling wedge (in green on my chart). This would be very bullish, as it would build buying pressure on the long term bear market resistance (pink).
This video isn't financial advice. It's what I'm seeing in the market today. For educational purposes only!
-Victor Cobra
XLM IS HAVING HARD TIME GETTING OVER THAT RESISTANCE AREAWe see that Stellar is having very hard time going over that resistance level area which coincides with upward parabolic curve completion. Strictly from TA perspective we would be expecting pull back down to 7.5 cent area unless Coinbase manages to get this thing off the ground in next day or two.
Finally broke from the descending channel with volumeFinally broke from the descending channel with volume reaching to break over EMA50 and start crossing ichi cloud.
MACD looking good since our entry from green zone(20% up), RSI doing a little pullback from overbought levels.
UCTS showing a buy signal.#XLM whats next?...
Breaking over EMA100 will push it to new local highs(EMA200?), while if its a red monday we can expect a retest of EMA50.
Breaking below, will lead us to reevaluate the trade.
Also check the Weekly chart that is looking good breaking that long descending trendline
Stellar (XLM)! Was It All Just Re-Accumulation? Since my last XLM post, we've had a substantial bounce. I called the breakdown towards 2000 once 3500 and then 2900 were lost. Then, I suggested that we had likely seen a bottom, since we had massive buying volume on the initial spike above 2300. I also said that it could take a while for us to see our true bounce, since the 2200 level may have needed to be tested as support again. After continuously testing that level, we finally had a rally. This rally, believe it or not (just look at the chart!), had the largest daily volume Stellar Lumens has seen since December, 2017! This is very significant. Additionally, we are at a major RSI resistance (around 70) that has capped us for over a year, and if that breaks we could have a big spike up.
All this leads me to believe that our giant pennant from 2018 was actually re-accumulation, rather than distribution. If you watched my video on accumulation and shakeout tactics on the ICXBTC chart, you'll know that a "terminal shakeout" often happens at the very end of an accumulation cycle. That shakeout often takes us BELOW known support. In the case of XLM, it took us slightly below 2100, which was the known support from the initial crash in early 2018. There were likely a lot of stop losses set below that level, which meant that big buyers could scoop up a massive quantity of XLM. This is tapping liquidity in the market. Then, price can finally break the range and look for a markup. This also happened with Ontology (ONT), and it's what caused me to buy in at 60 cents. It's now $1.
In terms of current XLMBTC price action, we blasted above my initial target of 2500, all the way towards the 2900 resistance. This move also broke us out of our mid-term downtrend - the descending triangle that broke down in early 2019. If we can hold above that resistance line, there's a chance we could see further price appreciation towards 3100. If that breaks, we can even target 4300. In the short term, we have support around 2400 (the red trendline, which is actually the upper resistance of our original triangle from 2018 - you can see it on the main chart above).
Both the weekly RSI and Ultimate Oscillator show a lot of room for growth as well:
HOWEVER, on the bearish view (possible, but less likely in my opinion, based on volume), if we break below 2000, we will see a much deeper retrace. On the USD log chart, we do seem to have some solid support at 7 cents, which was an area I was actually initially looking at for a long term bottom. You can see this in my previous analyses. The next support below there isn't until around 3 cents!
Anyway, this is not financial advice. This coin is one of my main investments, so it's good to see it moving again. It's fun to keep track of this market, and I do this only for educational purposes.
-Victor Cobra
Has Stellar Bottomed?Stellar Lumens, #XLM aka #STR, appears to be catching a bid here and breaking out of this extremely low volume sell off over the past 5 months, with today's and yesterday's session showing > 5x average daily volume.
Still early, but resistance is the 200 day at 3200 sats.