Stellarlumens
XLMUSD: Long term sell targets accomplished. Consolidation aheadBoth TP = 0.1802 and 0.1713 (July, June lows) got hit following the late November collapse of the whole market. As with most coins, the achievement of the last short targets marks the end of our shorting strategy on XLMUSD as we believe that the market is near a long term bottom zone. Traders who wish to keep trading Stellar Lumens can consult the 1W chart which is now a Channel Down (RSI = 40.059, MACD = -0.029, Highs/Lows = -0.0439) indicating that there may be a recurring pattern sequence within the Channel. This shows a 34 day consolidation at the end of which another -6.50% drop potential to 0.1277. We are personally waiting for a bottom to be formed before engaging again.
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XLM: Stellar Next Wave 30% !!XLM on the Channel Bottom if you are trade XLM then you can pick around 3600-3700 Set StopLoss 3400 and Target 4500.
Let See What Will be Next Move ..
I hope that Next Wave will be Move to our Target.
if you are doing Trade XLM then ,
you can also Set Stop Loss own RR Ratio.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Stellar Another Weak WeekThere is not much to say about crypto this week. It looks to be another continuation down. Well, let's get to it.
On the weekly chart, stellar is in a freefall as with the majority of the cryptoworld. If we look at the chart, we see that stellar has broken below the blue dash line which was acting a major support line. Now that it is broken, I can only assume the worst case scenario and that would be that stellar will fall to the next major support at 0.01usd mark. So why am I saying this? It's because from here on, there is no support and the closet thing to a support is around the 0.04usd mark on the weekly chart. If we look at the monthly chart, there will be support at the 0.02usd and 0.01usd.
Stellar has an excellent project going on. It will be an excellent investment in the future as well. We have to come to understand that all the markets is in a bear market. It is not just crypto. With that said, keep your money safe. Look to invest in great projects and accumulate on the dips :) Happy hunting.
Remember this is not a signal to trade. DYOR.
Bollinger Bands for DummiesA quick look at bollinger bands on the STRUSD chart (Stellar on Poloniex).
Hope you find this helpful.
Lets discuss cryptocurrency and how I win against it.In becoming a trader their is so many different methods to trading to learn and to try. Without someone to show us the right way we are usually destined for failure from the start. I have probably spent way to much time trying out how to find out what works the best and what doesn't work at all. You name a strategy and i have probably learned and tried it out. I got really obsessed with indicators because I saw the potential they could have in helping us make smart buy and sell assisted decisions. I believe that the "Higher Ups" will control the market and shift it when they choose to shift it. We as retail investors can only do so much while trying not to jump to far ahead of ourselves.
I see so many people on here make crazy predictions drawing imaginary lines and telling the masses what price will be a good buy and to sell. Most of the time they are wrong and love to play the guessing game while acting like hotshots trying to call the next big play. I see this happen with accounts that have huge followings and honestly it's really sad.
We are all entitled to our own opinions and doing our own TA but what if their was a way to eliminate all of the guess work?
What if trading didn't have to be so complicated?
What if you could wake up turn on the chart and know if you need to buy or sell in the matter of 5 minutes without all the complicated time consuming TA?
I started off as a daytrader and honestly it hurt me more than it showered me with rewards.
I was stressed, irritated, greedy, impatient and i felt like quitting.
It was a constant battle with the charts and i could understand why being a trader is one of the hardest jobs in the world.
But,
I never gave up.
I had to learn to step away and approach the markets with a new approach.
If you can control being patient and not being greedy I am here to tell you that YOU CAN BEAT THE MARKET!!!
Everybody comes into this seeing so much opportunity on the small time frames and they put the large time frames to the side.
When i say large i mean the weekly, 15day, monthly.
And..
That is because most people are impatient and greedy and want to capture every move. Everybody wants to get rich overnight and treat it as a get rich quick scheme.
I'm sorry to say it but only a very small select few can beat the markets daytrading... VERY FEW.
Otherwise most daytraders blow their accounts and never return.
I look at daytrading as gambling
and
Swing trading as investing.
With the bigger moves it will take more time but think of your funds to have more security and more opportunity to make you money over time.
This has worked SO MUCH BETTER for me since i quit daytrading.
The charts run smoother, cuts out most noise, easy to spot buys and sell... way less stress.
If you can overcome your emotions and learn how to be patient and not greedy you have already won half of the battle.
Now all you have to do is 1 more thing, use my 1 indicator that I use.
Buy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -0.90% appears you buy, if a green dot -0.90% appears after that green dot -0.90% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
Your emotions is 50% the other 50% is this 1 indicator.
I quit all of my other strategies that i use to use and now i only use this 1 tool.
And...
when we apply this to the timeframes, the bigger timeframes. We will get the right signals when to buy and when to sell in the markets.
We are buying and selling off the probability of the dots.
My main method is to wait for a green dot -0.90% on the 15day confirmation to help identify a bull market. if i get the 15day green than i can enter for example a 3day chart and scalp the bull market till i get a red dot printed on the 15day.
Message me if you would like more info on this indicator or more details on ways to use it. I am all ears and here to help you out. Take care. Happy trading.
-InJayWeTrust
XLM Huge Pennant UpdateXLM doing very well so far after it's breakout of the pennant formation, i expect the bullish momentum to continue, the fibonacci fan can be used for selling targets if we see a huge rally as a consequence of the breakout.
In the short term, the 4000 satoshi level should act as a good support for accumulation, but it is possible that we may see a correction down to the 3500 levels if the market conditions worsen.
The target is pretty speculative, i dont expect the price to head straight there but I beleive it is very possible.
Biffy
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Feedback and collaoration is welcome!
XLM : STELLAR Head & Shoulder Pattern Trade Carefully !!XLM Are Trying to Make Head & Shoulder Pattern if NeckLine Breakout then We can See Trend Reversal Bullish to Bearish Trend Because Head & Shoulder is a Trend Reversal pattern, So Trade Care Fully.
if You Satisfied Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Oh StellarStellar, what am I say. I am in a bind here. Oh how I love stellar, but I have to say this. So let's get down and dirty from a long term perspective.
At this point I will say I am staying away from stellar. Stellar is one of the best few coins that if I was day trading, is diamonds in the pocket. If we look at the weekly chart, we see that stellar is at the bottom of the bb line (bollinger band). From here, it should bounce right back up but it might not. It is already below the 0.27usd resistance zone. So now, it's all about the bounce up from the support zone. So where is it? It is at the 0.06usd mark. Wow, that's a long way to go down. From this point to the 0.06usd, there is no support zone and it will act as a free fall in the long term.
If we are to look at the monthly chart, stellar is sitting directly on the middle bb line. If it makes a correction sometime next week, then it will continue the accumulation and hopefully continue the trend from 2017 to May 2017. If it doesn't and fall below the middle bb line, it will fall to the 0.06usd mark. Either way you look at it, it will fall simply because it all depends on bitcoin. Don't forget, the global market (stock, forex, etc...) is also in a slump, especially the technology sector. This effects the global market.
Remember as always, this is not a signal to buy, sell or trade. DYOR.
XLMUSD, My buy area is from .195-.210As I've mentioned in my last TA, my buy area is in the .20-.21. I actually already have buys set at .195 in case they are triggered but I'm not sure if we'll dip below .20.
RSI is oversold on the hourly. BTC continues to fall which is bringing the XLM price down with it. A strong performance by Stellar means that XLMBTC continues to impress although there has been a selloff at 4700.
If you have your money in fiat I would watch this space closely.
As always this is what I will be doing personally but it's not trading advice. Have fun out there.
Stellar Lumens Long OpportunityA strictly basic technical viewpoint indicates that digital currency XLM is oversold against the dollar and trading at a great value.
While the Intelligent Moving Average (AI) has not yet crossed or indicated any change in momentum, I am anticipated a change in price that would lead these moving averaging to a cross.
The RSI strap is indicating extreme oversold conditions as it has dipped extremely low into the oversold territory within the last four hours.
This trade will take a very short period of time as the candle-sticks represent 15 minutes each. For this reason, this trade is suitable for a technical scalper who incurs relatively low trading fees.
This trade may provide an opportunity to hold a safe position as it continues for an extended rally.
Idea on XLM/USDTBased on the daily chart, Stochastic RSI is on oversold area, which could potentially reverse on these 2-3 days.
Also, we see that there is a bullish divergence on the Stochastic RSI (daily chart)
On the 4hr chart however, the Stochastic RSI is in a overbought area, which probably would stop the rise of XLM/USDT for a while. and continuing its upward momentum.
There are 3 scenarios that would probably take place.
1. it breaks the 0.382 fib level and go upwards.
2. reverse on the 0.382 fib level, bounce of the 20 EMA, and break the 0.382 fib level.
3. go down to the 50 EMA and 0.5 fib level, and reverse to break the 0.382 fib level.
On the fundamentals side, it is rumoured that XLM will conduct airdrop, giving the current XLM holders XLA (Stellar Activity) with the ratio of 1:2
The momentum/sentiment towards Stellar Lumens (XLM) have been so positive.
Disclaimer: this is not a financial/trading advice.
Good luck to you all!
My short term prediction on XLMIf the marketcap keeps going lower and bitcoin stays where it is or also goes lower, i dont see a reason why people wouldn't like to get profits on 4300-4400 that's been tested so many times. I am really bullish in the long term but I have some doubts at the moment. Cheers.
XLM/BTC - Trading bearish divergence and shooting starHello everyone,
Hope you made some money on XLM's flight to glory during a time when the whole market is bleeding. Looking at the daily chart, we can see a bearish divergence between price making HH and RSI making a LH. Couple with that, we see a typical shooting star that has yet to be fully formed during the remaining hours for the candle. I will be taking a risk here by going short on XLM and placing a stop loss above the shooting star's top.
Take profit around the support zone or the red uptrend line and see if we bounce from there or go further down depending on market conditions.
Thanks!
Will XLM lead the market to a bull run !? stellar seems to be inside ascending triangle on the daily.
patience is key this can take a few weeks until it breaks up.
Wil stellar be the next catalist to a bull run ?
XLMBTC has been one of the strongest altcoins this year and i believe XLM is going to show the market how to start the BULL run.
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thankyou
XLMUSD - 1D Chart AnalysisAfter the Bullish trend which started on the 2nd of November, it seems that we have a crossroads again, as long as we are about to register the 3rd consecutive day of decreasing and the price is now "testing" the 20 days Moving Average which has the same value as the Support Level 1 of 0.2435$
For the ones who will consider a higher level of risk, the basic reading of the RSI and the Stochastic (which are returning from their "overbought' positions") together with the trading volumes which are decreasing, can be enough for opening a Sell position looking for jumping the gun.
At this stage the risk comes from the possible "bounce back" of the price from the support level of 0.2435$ and it's "survival" between the 20 days Moving Average and the upper standard deviation of the Bollinger Bands, scenario in which the Sell position mentioned before will represent a loss.
But for the ones who prefer to wait for the downtrend to be confirmed, they can open the "Sell" position once (if) the price will go through the support level and also if the MACD's crossover will indicate the same direction.
For now, it seems we have only 2 possible scenarios :
* If the price will continue the decrease, we can consider 0.2230$ as a possible next "Stop".
* If the price will not break the support level, there are big chances to assist to the bullish trend continuation, situation in which we can consider 0.2770 as a target price in the following future.
XLMUSD: Ascending Triangle on 1D.XLMUSD has been one of the strongest performers of the past 2 months. Proof of that are the Higher Lows printed on 1D since Sept 11, that have created an Ascending Triangle (RSI = 55.984, MACD = 0.007, Highs/Lows = 0.000) with 0.3053 as its Resistance. If the price rebounds on a new Higher Low near 0.2325, then it will most likely test the 0.3053 Resistance. Otherwise it may test the 0.18020 Low again. Note that this is a medium/ short term pattern. In order for XLM to restore a longer term buying sentiment, the 0.3523 Lower High on 1W needs to break.
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For anyone shorting XLM now, be carefulI have closed my previous trade
at 4140. RSI on the hourly plus a look at previous consolodation period was my reasoning behind this. If you continue to short XLM it may make sense but I am just making this update to show what I am doing. Do you agree or disagree? Let me know
Have fun trading out there and be careful.
Stellar XLM inverse H&S, Part 4 TriangleSo we overreached the first target slightly and since dropped just as fast again, but we are still above a support level. No we do NOT want to see that green support get broken because that could trigger more selling pressure. If some were wise enough to take some profit at the yellow circle and still believe in the bullish version, this would be the spot to add again. Make sure you have your game plan ready (stops and targets). I am waiting though with adding because Bitcoin' is still in a very dangerous spot at the moment. Above 6350ish would be much safer level.
Whatever happens, we have to stay above the red zone, that is a key level. So there are two stop levels to use now, the green box or the first entry zone at the red box.
Read my previous analysis to understand the whole game plan better. Always keep track of my Bitcoin' analysis because i update there much more about the market conditions. Sometimes giving warning signals or bullish signals.
Please don't forget to like if you appreciate this :)
Previous analysis:
Stellar Lumens / XLM Ascending Channel (Bullish)BINANCE:XLMBTC
Technical Analysis
Ascending Channel - Bullish / Upward Trend
CM Williams VixFix Indicator - Predicting a Bottom
Price is in 50 MA Support / Price on support in Ascending Channel
Elliot Wave Theory (Looking for Wave 5)
Fundamental Analysis
Strong Sentiment being added first on Coinbase.
#Coinbase
#Stellar
#StellarLumens
$XLM
Factors affecting Stellar (XLM/USD) priceThe news
There are many interesting news surrounding the Stellar, that in combination, should affect the price. It is just the matter of interpretation, and understanding the market reaction to all that is happening. Let's get into it and see what is really going on.
1. Recently, Coinbase has accounted the listing of several coins. Which are ADA, BAT, ZEC, 0X and Stellar.
2. Stellar Development Foundation is getting ready for the biggest airdrop in the history of cryptocurrency. The amount to be released for the airdrop is simply huge to say the least, in total $125 will be given away. It emphasizes marketing intentions of Stellar, which are likely to show positive result by the end of this or beginning of next year.
3. On the 28 September 2018, Stellar has launched the zero-fee cryptocurrency exchange StellarX, which was announced by StellarX co-founder Christian in his Medium post. We talked about these news here: ()
Market reaction
Analyzing above mentioned news, they all are very positive in nature, although market takes time to digest and really understand as to what is happening behind the scenes. Nonetheless, Stellar already showing a steady rise since the beginning of the month. Market reaction is clearly positive, but the question is whether this tendency will continue?
Resistance holding
Technically, price has been trading within the triangle pattern. Although, in November, XLM/USD has increased by 33%, it failed to break above the $0.29 resistance. It's the level that many investors are watching right now as it could be the trigger for the upside breakout. Why this level is so important? - Not only this is where downtrend trendline has been rejected, less than a month ago, Stellar already bounced off the very same level (38.2% Fibonacci). And finally, the RSI is in overbought condition, trading within the triangle pattern and rejecting the downtrend trendline.
Ongoing consolidation
All-in-all, there is not enough bull strength at the moment to break higher, and XSM remains in a consolidation phase. While the resistance is holding, range trading between $0.29 resistance and $0.22 support will continue.
Breakout probability
However, considering all the positive news around Stellar lately, the probability of the upside breakout remains higher. The $0.3 psychological resistance could be the number to watch this month. Break above could invite buyers and/or trigger the buy limit orders, thus pumping the price as high as $0.4 - next key physiological resistance.
Downside risk remains
On a downside, range trading is still ongoing. As long as resistance is holding, it is reasonable to expect price drop, either to the 200 Moving Average or down to the $0.24 or even $0.2 psychological support (88.6% Fibs).
Important levels to watch
Support: $0.238, $0.227, $0.207, $0.194, $0.174
Resistance: $0.289, $0.318, $0.353, $0.400