Stellarlumens
Stellar. Rocket PUMPGreetings from Benice team!
Stellar coin has recently attracted much attention. It is very interesting that they have announced the possibility of adding it to Coinbase pro and of distributing coins for free on the blockchain wallet at the same time. Anyway, they are whetting our appetite. The news about the free distribution of coins has even appeared on RBC channel! Having in mind that the price is on the border of the wedge at the moment, its breakout can forward the price to the level of 0.2943; 0.3212; 0.3423 and finally 0.4431.
Recommendation: Long position from the current level (0.256647).
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Stellar XLM inverse H&S, Part 3 TriangleXLM' has been on of the strongest Altcoins of 2018, it's maybe the only that never got below the April low, not even Bitcoin' was able to do this. The past few days have been a confirmation of this (hidden) strength. Why? Just look at the movement of the past few days, the whole market broke the bullish patterns and dropped while XLM' simply made a big bull flag while the rest has been dropping. This shows there is a lot of interest in this alt coin and i assume there is a lot of smart money in this one. Volume picture is good as well, not great but good. So only Bitcoin' could throw this idea in the toilet.
Short term, we should ideally stay above that green support zone from now on. Whatever happens, we should not break that neckline anymore of that ugly inverse H&S, the former red resistance zone. That still gives us a target in that green circle. The yellow circle is the target of that triangle, assuming it is not a bull flag. So that could mean a turn around level if volume on XLM' drops AND Bitcoin' starts to drop. The red resistance zone on the left is the level to break for the mid/long term.
We have moved the stops towards the entry zone around the neckline, so we still have a free trade on this one. Planning to expand this if Bitcoin' starts breaks real levels like 6800/7000.
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Previous analysis: If you want to be more up to date, read the previous ones as well.
Follow up on the XLMBTC price, and strategies of hodling and selYesterday after this post:
The price of XLM increases abit
From 0.00004071 (at the time of the post), to 0.00004231 (now)
Reasons to hodl?:
1. Stochastic still K>>D
2. Bullish divergence at all indicators as shown (RSI, stochastic, MACD)
When to sell? (when it does not reach last highest price):
1. Not being able to get through the last highest price (around 0.000045) and goes back
2. And then from the RSI / Stochastic / MACD it shows bearish divergence
3. And the stochastic indicator reversed (i.e. K<D)
And if it breaks 0.000045 we will have to analyse again.
Indicators point to XLM falling but overall trend is bullishQuick simple chart for you here. Overall news has been great for Stellar and it seems as though XLM is great for a long term hold. Indicators suggest we may fall a little more although I would be very wary about shorting. Personally I believe the smart money would be buying once this dip is over and holding until the 4100 mark.
Yours Truly,
Tragic Shit
XLM price prediction for the rest of 2018The 6 hour timeframe of Stellar Lumens is shown in this analysis using a log scale.
Price action ever since January 26 this year has remained in a side trend that is best described as a symmetrical triangle chart pattern.
Eventual breakout of the ~10 months chart pattern could see the price of Stellar Lumens collapse on a confirmed downside breakout or move up significantly on a confirmed bullish breakout.
In either case, the width of the triangle is key in estimating a minimum projection for the price of Stellar Lumen upon breakout.
XLM Machine Learning 'Buy' Signal Bolstered by $125mm Airdrop
Stellar Lumens ( KRAKEN:XLMUSD ) has seen strong gains so far in November, generating month-to-date returns of 21.8%. Although the general cryptocurrency market has performed well in November, XLM’s success can be primarily contributed to Blockchain.com’s announcement that it will airdrop USD$125 million worth of XLM into Blockchain wallet holders’ accounts who sign up for the airdrop. While the amount to be airdropped in each wallet has not been confirmed, Blockchain.com is promoting the airdrop as the largest consumer giveaway ever and the largest cryptocurrency airdrop ever.
Blockchain.com selected Stellar to conduct this large-scale airdrop because it is “built for scalability” and has “an active and growing ecosystem”. The airdrop of roughly 500 million XLM, which represents ~2.64% of the coin’s total supply, could further contribute to Stellar’s already active and growing ecosystem -- in a decentralized application (DApp) platform like Stellar, active users are critical to driving value in the ecosystem’s underlying coin. Blockchain.com wallet holders that receive XLM in the upcoming airdrop are required to sign up for the event, meaning these individuals are likely users that have an interest in Stellar -- there is a strong probability that some of these users will begin using Stellar on a regular basis as a result of their newly received XLM. There is a risk, however, that users to receive XLM in the airdrop will immediately sell the tokens in order to realize profits. If a significant number of users in the airdrop sell their tokens upon receiving them, downward pressure will be put on the value of XLM.
On a technical basis, XLM looks fairly solid. XLM has continued to set higher-lows since falling to USD$0.18200/token on September 11th, 2018. XLM is also beginning to see consolidation in its moving averages, indicating that a large price move may soon come.
Quantamize’s AI Machine Learning 3-Day Crypto Signal for XLM is “Buy” and maintains an accuracy score 67.35%.
How are you playing XLM as we move through the end of 2018? Comment below and let us know what you think!
BITCOIN: BTS/BTC [ALT Long Position]Bitshares is an old and a fundamentally project with a good crypto community behind it
Entry 1520-1550, long position
Its still early to say how high we'll go but I'll give an update in the next days when we make a clearer trend and I can get a better fib count
In the chart you can see some very bullish signs, RSI bullish , MACD crossover on the daily, Just broken out of triangle and the volume is picking up, its all labelled on the charts above
Check out my previous analysis of some coins that hit some nice profits, this could also be another big mover in the next weeks!