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Stellarlumens

XLM/USD: Cup and Handle Formation Confirmed First TA since my ban was lifted yesterday! (Formally known as TragicShitCannon. ____________________________________________________________________________________________________________________________- 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.
BITFINEX:XLMUSDLong
by TheMagpie
2
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
COINBASE:BTCUSD
by VictorCobra
2
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
by CryptoNTez
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
Long
by VictorCobra
XLM Stellar - Bullish divergence picking up, after BTC shakedown This is Stellar XLM ! I’ve seen this going down and down and down for weeks. A couple of weeks ago, we saw this nice bullish divergence on the EFI and the MACD-H indicators. It was going up pretty healthy and ready for a rally, only to be hit by BTC , which was barting down. As a result, alts were hugely red, and XLM was no exception. It gave back the gains, but hung on the 0.08202 line, which became support the days after that. It continued consolidating, and had a false breakout that broke the local 0.08202 support line. After that, we tend to see a new uptrend, and since then the 21 day EMA is up, and prices are above the EMA with the EMA itself serving as support. today we broke the previous high, tracing a new higher high, and supported with huge volume . To me, this looks like a good chance for a reversal of this bearish trend , and starting of a new uptrend. I will watch this closely and use my own system to scalp on the shor timeframes if I have time. As always, my targets are flexible, and I will assess the situation. Targets are never fixed according to me, but to get an idea: Entry: Around 0.10 Target 1 0.14158 A previous breakout, now being a possible resistance Target 2 0.1863 Previous support zone Stoploss 0.08635 Current EMA level. If we get down to this, I want to get out and reassess. It could be that we can then re-enter, if we bounce on this local support. R/R Ratio Target 1 1:3 Target 2 1:5,7
Long
by Tornado_Trading
XLM weekly chart looks very good. Bullish breakout is imminent. XLM gave a green 1 according to Tom Demark count on the weekly chart. Stoch RSI is oversold on the weekly chart and MA7 level is broken. On the daily chart we have closed yesterday with a green 2 which is a clear buy signal. I expect a bullish breakout. First big resistance will be at weekly MA100 level which passes at: 2521. If it can break that level I expect the price continue to increase. You can find resistance and support levels on the chart. Here is my trading idea: Buy @ 2380-2410 TP1: 2500 TP2: 2700 SL: 2050 ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Long
by EylemCulculoglu