#Stellar Crashing, XLM May Retest $0.085 After A 54% SurgePast Performance of Stellar
After days of sideways movement, Stellar prices crumbled on April 19. The coin is now trading below critical support levels, now resistance, at the back of expanding volumes. Immediate resistance lies at April 19 high of around $0.10.
#Stellar Technical Analysis
Bears appear to be flowing back, days after XLM rose 54% from mid-March. What's conspicuous is the wide-ranging bear bar of April 19 that broke below the middle BB with high volumes. This bar will anchor the short and medium-term formation. As such, as long as prices are below $0.10, traders can look for entries to unload, targeting $0.085, marking the base of the March 21 bull bar. This level also coincides with the 78.6% Fibonacci retracement level of the March to April 2023 trade range. On the lower end, bears may force the coin back to March 2023 lows at $0.075.
What to Expect from #XLM?
The retracement on April 19 follows weeks of horizontal consolidation. This represents a bear breakout, and there are higher odds of XLM printing lower in sessions ahead.
Resistance level to watch out for: $0.10
Support level to watch out for: $0.085
Disclaimer: Opinions expressed are not investment advice. Do your research.
Stellarprice
#Stellar Retracing from $0.09, Swings Price Action to BearishPast Performance of Stellar
Stellar may be up 30 percent from December lows but is trapped below a critical resistance level, reading from the formation in the daily chart. Overall, traders are confident of what lies ahead. All the same, there must be a solid gain above December highs for trend continuation and confirmation.
#Stellar Technical Analysis
XLM prices have been solid from the past trading week. As it is, there is a double top at $0.09, a line that flashes with this week's highs and around the top of the consolidation of the last week of November. The lower lows registered from early this week are negative for bulls. While confidence in traders is because the correction is with lower volumes, XLM must hold above $0.08 or November 9 lows. Any breakout below this level may trigger a sell-off, pushing the coin toward $0.07. Conversely, gains above $0.09 may see XLM float to $1 or November 9 high, especially if the breakout has high trading volumes.
What to Expect from #XLM?
Bears are in a commanding position as long as XLM is within the bear-engulfing bars of early November. For trend definition and bears to shake off selling pressure, there must be a convincing break above this week's highs, confirming buyers of last week.
Resistance level to watch out for: $0.09
Support level to watch out for: $0.08
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Stellar Firm from $0.07 as XLM Trading Volumes SwellPast Performance of Stellar
Stellar prices are up five percent from December lows. Per the XLMUSDT price action, buyers appear to be taking charge after steep losses last year. XLM plunged 77 percent from January 2022, dropping as low as $0.070 by the end year. However, things are beginning to look up for buyers following gains on January 2.
#Stellar Technical Analysis
Overall, XLM prices are bearish from a top-down preview. The primary support is at $0.07, flashing with December 2022 lows. On the other hand, primary resistance is at $0.077, coinciding with December 19 highs. Following the gains of January 2, aggressive traders can look to double down their positions, targeting the short-term resistance level. It is worth noting that prices are higher with rising trading volumes, a positive development. Further gains above $0.077 and middle BB may pump XLM towards December 16 highs at $0.082 as the coin bottoms up.
What to Expect from #XLM?
There are higher highs relative to the lower BB though the downtrend remains. Going forward, sellers remain in control, and XLM must clear the above immediate liquidation lines for buyers to establish themselves.
Resistance level to watch out for: $0.077
Support level to watch out for: $0.070
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Stellar Lumens Floats from $0.082, XLM under PressurePast Performance of Stellar Lumens
Stellar Lumens prices are steady at spot rates, moving tight inside a broader bear flag and technically bearish from a top-down preview. Even though there are flashes of strength, bulls must push above immediate resistance levels at $0.092 and later at $0.10 if XLM is to recover.
#Stellar Lumens Technical Analysis
XLM prices are inside a bear flag and bearish, trending in line with losses of early November 2022. Although the broader crypto market appears to be bouncing higher, XLM has support at around $0.082. While there are higher highs relative to the lower BB, prices are within a bear formation. Aggressive bears can unload on every attempt below $0.92 or November 9 high. However, any surge above this line will constitute a bull breakout formation, an opportunity for XLM buyers to load the dips, aiming for $0.10 or November 10 highs. Conversely, sharp losses below the immediate support may force XLM lower to $0.065 or Q3 2020 lows.
What to Expect from #XLM?
XLM is under significant pressure at spot rates, down over 90 percent from 2021 peaks. Accordingly, buyers must strive to push prices above the immediate liquidation levels and reverse November 9 losses for bulls to stand any chance of catalyzing demand.
Resistance level to watch out for: $0.092
Support level to watch out for: $0.082
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Stellar Finds Support, will XLM Break $0.130?Past Performance of Stellar
Stellar prices were in green in September when most assets, including Bitcoin, posted losses versus a strong USD. At spot rates, XLM is under pressure, dropping in a bear breakout formation, as evident in the daily chart. Despite the rejection of lower prices on October 13, the coin is still down 13 percent from September highs. Bulls appear to be struggling against a strong wave of liquidation.
#Stellar Technical Analysis
XLM prices reversed from $0.107, finding support from the 78.6 percent Fibonacci retracement level of the September 2022 trade range. As the broader crypto market finds relief, optimistic traders may buy the dips above $0.107, targeting $0.130, which is this week's high, expecting XLM primary trend established in September 2022 to continue. This forecast will be valid if XLM prices rally from spot rates above $0.130. If not, any drop below $0.107 will continue the liquidation of early October, possibly forcing the coin towards 2022 lows at $0.100, a critical support level.
What to Expect from #XLM?
The crypto market is finding support, and XLM may rise with the tide. However, traders can wait for a clearer trend definition above this week's highs. This will cancel out doubts about the strength of the uptrend and resume the primary trend from mid-September 2022.
Resistance level to watch out for: $0.130
Support level to watch out for: $0.100
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Stellar is down 80% from All-Time Highs; Is the Bear Run Over?Past Performance of Stellar
Stellar is firm, recovering, and up roughly five percent in the past 24 hours. At spot rates, the coin is bouncing from around 2022 lows. Specifically, XLM buyers are building on gains of September 7, rejecting bear calls. Still, despite the welcomed expansion, prices are within a bear formation.
#Stellar Technical Analysis
The August 19 bear candlestick is conspicuous in the daily chart and defines the current trend. Since the wide-ranging bar was printed, XLM prices have maintained a strong downtrend. Presently, prices have found support at around 2022 lows with hints of slowing downsides considering the series of higher highs relative to the lower BB. While bears are firm, the tide may swing to favor XLM buyers if prices close above the 20-day moving average and $0.11. The breakout would signal the end of the 10-month correction; thus, the leg up ought to be with rising trading volumes. If this pans out, XLM may rally towards $0.13. Conversely, sharp losses below July 2022 lows at $0.097 will reaffirm bears, forcing XLM towards $0.069 in a bear continuation pattern.
What to Expect from #XLM?
The coin is down 80 percent from May 2021 highs. After such heavy losses, XLM buyers may find relief if prices expand above $0.11 in alignment with the gains of September 7. However, should bears continue to dig in, XLM could slump to new multi-month lows.
Resistance level to watch out for: $0.11
Support level to watch out for: $0.097
Disclaimer: Opinions expressed are not investment advice. Do your research.
Pour Me a Cup of XLM/BTC #Stellar #Xlm $XLM Here we see our weekly XLM BTC chart from Binance . As you see XLM had massive downside right through that bear market in 2019. It looks quite clearly like a massive Cup structure has formed .You see we've started to come up a bit now from the recent bottom . We're even wicking into the weekly Ichimoku cloud - I wouldn't be surprised if XLM closed a candle inside the weekly Ichimoku cloud - and soon. And that would be bullish . Once we close a candle inside the Ichimoku here we will almost certainly go to the top of that cloud near 2500 . And after that we should be breaking upwards out of that cloud. Targets at that point would be the fibs such as :
the .50 fib near 3616
the .618 fib near 4375
the .706 fib near 4939
but at that point XLM might just enter price discovery mode since our last weekly resistance is near 4500 sats. Will be an interesting 12 months
ahead for XLM. Hope you're having a great day . Keep in mind Cup and handle structures always have a pullback after forming the top part of that cup ( for us that's up near 3700 it looks like) and then they pullback a bit forming the handle before more upside .
XLM to move sideways(1D) |Upper band rejection with BB expansionMarket in last 1 week
XLMUSD saw an uptrend with the price riding the upper Bollinger band
Price volatility was very high. The market moved ~22.08%, between $0.0879 and $0.0720
Today’s Trend analysis
XLMUSD expected to see a sideways movement as the price got rejected after riding the upper band with Bollinger band expansion
Price at time of publishing: $0.0873
XLM’s market cap: $1.74 Billion
Oscillator indicators are mostly neutral. RSI at 58 in the neutral region.
Moving average indicators are indicating an uptrend. Ichimoku cloud indicating neutral with Hull moving average indicating a selling opportunity
Volume indicators saw a change from volume increase with a price increase to volume decrease with a price increase
Price expected to see a sideways movement as the price got rejected after riding the upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size fluctuating in the positive direction suggesting bullish bias. RSI at 58, in the neutral region above the midline. CCI at around 105, in the overbought region indicating a downtrend. Another interesting point to notice here is that volume saw a change from volume increase with a price increase to volume decrease with price increase indicating a shift from buyers to sellers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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XLM expected to see an uptrend(1D) | Midline to act as supportMarket in last 1 week
XLMUSD saw a downtrend after getting rejected from the upper band from $0.0786
Price volatility was very high. The market moved ~9.47%, between $0.0786 and $0.0718
Today’s Trend analysis
XLMUSD expected to see an uptrend as price is trading inside the bands and after getting resistance from the upper band and midline to act as support
Price at time of publishing: $0.0743
XLM’s market cap: $1.54 Billion
Oscillator indicators are mostly neutral. RSI at 46 in the neutral region.
Moving average indicators are indicating a downtrend. Ichimoku cloud indicating neutral with Hull moving average indicating a buying opportunity
Volume indicators saw a change from volume increase with price increase to volume increase with a price decrease
Price expected to see an uptrend as price is trading inside the bands and after getting resistance from the upper band and midline to act as support. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size decreasing in the positive direction suggesting bullish bias. RSI at 46, in the neutral region below the midline. CCI at around 12, in the neutral region with a pullback from the overbought region. Another interesting point to notice here is that volume saw a change from volume increase with price increase to volume increase with price decrease indicating a shift from buyers to sellers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
XLMUSD to see an uptrend(1D) | Shift to buyers with BB squeezeMarket in last 1 week
XLMUSD saw a downtrend followed by support from lower band
Price volatility was very high. The market moved ~19.04%, between $0.0794 and $0.0667
Today’s Trend analysis
XLMUSD expected to see an uptrend as price is moving inside bands and after getting support form lower band with Bollinger band squeeze price to move up
Price at time of publishing: $0.0745
XLM’s market cap: $1.54 Billion
Oscillator indicators are mostly neutral. RSI at 41 in the neutral region.
Moving average indicators are indicating towards a downtrend. Ichimoku cloud indicating neutral with Hull movinag average indicatng a buying opportunity
Volume indicators saw an increase as price decreased while decrease in volume as price increased
Price expected to see an uptrend as price is moving inside bands and after getting support form lower band with Bollinger band squeeze price to move up. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, histogram size decreasing in the negative direction suggesting bearish bias. RSI at 41, in the neutral region below the midline with an up move from oversold region. CCI at around -53, in the neutral region from oversold. Another interesting point to notice here is that volume saw an increase as price decreased while decrease in volume as price increased changing to the same level for price increase indicating a shift to buyers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community, and do follow for more such content!
- Mudrex
XLMUSD to move sideways(1D) | Bearish momentumMarket in last 1 week
XLMUSD saw consolidation followed by a downtrend i.e. moving sideways
Price volatility was very high. The market moved ~12.93%, between $0.084 and $0.075
Today’s Trend analysis
XLMUSD expected to see a sideways movement as the price is getting support at the lower band and resistance at the midline with Bollinger band squeeze
Price at time of publishing: $0.0797
XLM’s market cap: $1.65 Billion
Oscillator indicators are mostly neutral. RSI at 39 in the neutral region.
Moving average indicators are indicating a downtrend. Ichimoku cloud indicating neutral with Hull moving average indicating a buying opportunity
Volume indicators saw a similar value of volume in recent candles with the volume being below the 20-candle moving average
Price expected to see a sideways movement as the price is getting support at the lower band and resistance at the midline with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram size decreasing in the positive direction suggesting bullish bias. RSI at 39, in the neutral region below the midline. CCI at around -42, still in the neutral region. Another interesting point to notice here is that volume saw a similar value of volume in recent candles with the volume being below the 20-candle moving average indicating bearish momentum.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
XLMUSD to see sideways movement(1D) | Shift from seller to buyerMarket in last 1 week
XLMUSD saw a sideways movement with getting support from the lower band
Price volatility was very high. The market moved ~10.67%, between $0.083 and $0.075
Today’s Trend analysis
XLMUSD expected to see a sideways movement as the price after riding the lower band got support from lower band and will see an upmove till midline and reject further
Price at time of publishing: $0.0805
XLM’s market cap: $1.65 Billion
Oscillator indicators are mostly neutral. RSI at 38 in the neutral region.
Moving average indicators are mostly neutral. Ichimoku cloud indicating neutral with Hull moving average indicating a buying opportunity
Volume indicators saw a similar value of volume in recent candles with a slight decrease in red candles and an increase for blue ones
Price expected to see a sideways movement as the price after riding the lower band got support from lower band and will see an upmove till midline and reject further. Most of the Oscillator indicators are neutral. MACD moving approaching the signal line from below, histogram size decreasing in the negative direction. RSI at 38, in the neutral region indicating. CCI at -63, in the neutral region with an upmove from the oversold region. Another interesting point to notice here is that the Bollinger band is expanding along with the volume observing a similar value of volume in recent candles with a slight decrease in red candles and an increase for blue ones indicating a shift from sellers to buyers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
XLMUSD to see downtrend(1D) | Price riding the lower bandMarket in last 1 week
-XLMUSD saw a downtrend and started riding the lower band
-Price volatility was very high. The market moved ~13.54%, between $0.127 and $0.094
Today’s Trend analysis
-XLMUSD expected to see a downtrend as price got rejected from upper band with lower highs and riding the lower band
-Price at time of publishing: $0.0941
-XRP’s market cap: $1.95 Billion
-Oscillator indicators are mostly neutral. RSI at 41 in the neutral region.
-Moving average indicators are biased towards a downtrend. Ichimoku cloud indicating neutral
-Volume indicators saw an increase in the volume in the recent candles being below the 20-candle moving average
Price expected to see a downtrend as price got rejected from upper band with lower highs and riding the lower band. Most of the Oscillator indicators are neutral. MACD moving below the signal line, histogram size increasing in the negative direction. RSI at 41, still in the neutral region below the midline. CCI at -141, in the overbought region, indicating an uptrend. Another interesting point to notice here is that the volume saw an increase in the volume in the recent candles suggesting a strengthened selling pressure
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
XLMUSD to see an uptrend(1D) | Price trading in the Upeer halfMarket in last 1 week
-XLMUSD saw a sideways movement as the price increased and decreased thereafter
-Price volatility was very high. The market moved ~21.39%, between $0.119 and $0.099
Today’s Trend analysis
-XLMUSD expected to see an uptrend as price is trading between the upper band and the midline Bollinger band
-Price at time of publishing: $0.1048
-XRP’s market cap: $2.16 Billion
-Oscillator indicators are mostly neutral. RSI at 51 in the neutral region.
-Moving average indicators are biased towards an uptrend. Ichimoku cloud indicating neutral
-Volume indicators saw a decrease in the volume in the recent candles indicating a weak selling pressure
Price expected to see an uptrend as price is trading between the upper band and the midline Bollinger band. Most of the Oscillator indicators are neutral. MACD crosssed below the signal line, histogram size increasing in the negative direction. RSI at 51, still in the neutral region above the midline. CCI at -2, in the neutral region, with an up move in the last few candles. Another interesting point to notice here is that the volume had decreased once the price started to fall.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
STELLAR (XLM/USD) - Inverted Head & ShouldersThe price has drawn to us a bullish chart pattern called Inverted Head & Shoulders.
It is a bullish chart pattern and the pattern actually is triggered - it has a breakout from the neckline.
Right now, it makes a retest and if the BTC holds and the market doesn't start to panic then this would be a pretty nice spot where to enter into the Stellar, but sadly the BTC price drifting on the edge and can't read out from the price action certain directions but still BTC has more bearish signs than bullish, so, let's see.
If the price starts to come down even more then the perfect entry area would be $0.1
From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice weekend,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!