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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Stellarusd
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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XLM / USD SHORT TERM TRADE - 10% PLUS LEVERAGE - CryptoManiac101XLM / USD TA
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors. Exclusive Members please refer to trade instructions in your private groups.
XLMUSD: Approaching the bearish break out point of the Triangle.After completing the previous Inverse Head and Shoulders pattern, XLMUSD is now as expected a few candles away from the bearish break out mark (0.2170) of the 1D Triangle (RSI = 41.811, MACD = -0.002, Highs/Lows = -0.0120, B/BP = -0.0193). After the break out, it should successively test the previous Higher Low levels (0.2053 and 0.1930) before accomplishing our medium term TP set = 0.1802 and 0.1713 (July, June lows).
XLMUSD: Inverse Head and Shoulders completed. Short.XLM has broken the Channel Down to the upside and complete an Inverse Head and Shoulders pattern on 1D (RSI = 53.287, ATR = 0.0159). Technically it should resume the downside as the Triangle (shown in orange) is applying selling pressure on a Lower High. If 0.2170 breaks, them the Triangle is nullified and XLMUSD will resume the downtrend towards the 0.1930 support. We remain bearish with TP = 0.1802 and 0.1713 (June 29, 2018 low).
STELLAR 12 MONTH PREDICTION MIN $10 MAX $120 - CryptoManiac101XLM / USD 12 MONTH TA PREDICTION
Let's start with main question, WHY WOULD IT GO UP?
1. Liquidity coins will be in demand
2. IBM World Wire Integration
3. Institutional Investors
4. Media Hype
5. Bullish MASSIVE accumulation pattern
6. Newer partnerships to be released
Minimum XLM 12 Month prediction is $10
Maximum XLM 12 Month prediction is $120
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
XLMUSD: Triangle broken, Channel Down emerging.XLMUSD has broken the 4H Triangle (RSI = 50.142, Highs/Lows) that was created after the 0.3050 Top was made and is developing a Channel Down on 1D (STOCH = 32.408, Williams = -69.863, ROC = -3.162). In order to sustain this, we need to test 0.2198 this week and make this a Lower Low. 1W is still on a Lower High sequence, so on the long term we remain bearish on Stellar with TP = 0.1802 and 0.1713 (June 29, 2018 low).
Stellar could give us a surpriseStellar seems to be bullish, there are many factors fundamentally that could generate a tremendous rally.
Technically it seems to be forming a descending triangle which is bearish but given current sentiment regarding a coinbase listing as technological development it may turn things around...
Obviously if it breaks the current support of triangle this trade will be canceled.
We shall see, as always be safe.
Sideways on a 4H Triangle. 1D Gap fill upon break-out. Short.Stellar is consolidating within a 4H Triangle (RSI = 50.704, ADX = 18.250, Williams = -54.760, CCI = -36.8849, Highs/Lows = 0.0000) having settled around the 0.500 Fibonacci retracement level after the 0.2263 low. At the moment the momentum is neutral on 1D also (Williams = -45.261, Highs/Lows = 0) and 0.2380 has to be crossed in order to break the Triangle. Based on the 1W Lower Highs pattern, this should take place soon and make a new Lower Low. That is why are keeping our short on XLMUSD with TP = 0.1802 and 0.1713 (June 29, 2018 low).
XLMUSD - 4h Chart AnalysisLike Ethereum, Stellar also recovered a little bit of ground against the US Dollar starting with the 19th of September pushed mainly by the total market capitalization which went above the level of $200 B.
The RSI has neutral position, the Stochastic is indicating that the price might slightly continue to increase while the MACD seems to try crossing the Signal line which can also be considered as a bullish signal.
On top of that, the resistance level of 0.2559$ has been broken today so the next level which can be considered a target price is 0.2679$ (Resistance Level 2).
XLM - Could be running out of steam! XLM had an amazing move up with Ripple last week and continues to mirror its moves so far this week. It is currently below the supply zone and FIB level, which is causing some resistance and we could see a move back down to the demand zone + breakout level around 3542.
MACD histo is near going positive but looks like it has stalled as well as signal line turning down again. RSI seems to be turning down but still has room above to hit resistance if we could find some momentum to the upside. For a long play, wait for a test of the demand zone to enter a trade as a break down from there could lead to a move down to the initial breakout around 3319.
Thanks guys!
Rejected on a new 1W Lower High. Quick Gap Fill to 0.1936.XLMUSD broke the previous Channel Down on 1D on fundamental market parameters making a high at 0.3050, which is however a technical Lower High on 1W (RSI = 48.747, MACD = -0.010). Since the Lower High was within the 0.681 - 0.786 (0.2337 - 0.3143) Fibonacci retracement zone, we expect the price to make an equally quick technical gap fill on 1D to 0.1930. We have entered new shorts targeting this gap (0.1930) as well as the previous two targets: 0.1802 and 0.1713 (June 29, 2018 low).
Channel Down intact. Short.XLMUSD is now on the newly formed 1D Channel Down (RSI = 42.503, MACD = -0.007, B/BP = -0.0164), which is clearly on less bearish bias than other cryptos, hence the low bearish gradient with the neutral STOCHRSI = 53.138, ADX = 18.755, Highs/Lows = 0.0000. Despite this, it is still restrained below the previous Triangle's supporting line (red dots) possibly due to the High Volatility (ATR = 0.0160). We are still shorting with TP = 0.1802 and 0.1713 (June 29, 2018 low).
STELLAR (XLM) - 19(!!!) FAILED Attempts To Break The Resistance!Stellar' fights with the round number area and with the area which has been historically a super-strong level to beat! Over the 2 week period it has 19(!!!) failed attempts to break above the mentioned levels and currently, we are trying twentieth times!
Positive signs that we can break this:
1. The price is above the minor trendline which is pulled from 25. July
2. The price is above the 50&100EMA
3. The price holds nicely above the short-term counter trendline (black dotted)
4. The price makes higher lows
5. ...and we can say that we are in the "Ascend(ish')ing' Triangle"
Previously this super-strong resistance was a support and also then we had around 20 attempts to break this, and after we finally managed to break through, it dropped 12-13%. Now, when we wait for a breakout upwards and if we manage to get a 4h candle close above the round number and above the blue line then it would be a massive confirmation to get some rally upwards around 12% into the September high and into the May low area!
NB: Definitely we have to watch what BTC' does! If it makes a breakout upwards from the triangle (watch BTC' idea post from my profile) then Stellar' just flyes away from the current level.
Hopefully, this quick overview helps You out a little bit to confirm Your own analysis and levels!
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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Triangle broke. Channel Down emerged. Short.Since the previous 1D Triangle broke at 0.2060 to the downside (RSI = 35.753), a Channel Down has emerged (MACD = -0.013, Highs/Lows = -0.0194, B/BP = -0.0294) that is aiming for our September targets of 0.1802 and 0.1713 (June 29, 2018 low). There are high chances to consolidate after touching 0.1802 due to the already oversold STOCH = 19.699, STOCHRSI = 0.000, Williams = -99.740 figures. However 4H is on a steady enough pace (MACD = -0.006, Highs/Lows = -0.0034) to see this downtrend complete the Lower Low smoothly.
Restrained within a Triangle.Break-out confirmation needed.The price failed to cross over the 0.2403 Resistance as the 1D Triangle (RSI = 49.436, STOCH = 51.075, CCI = 45.1805, Highs/Lows = 0.0000) keeps the momentum neutral. Even 4H is neutral on four indicators and it is best to wait for a break-out to validate the short term direction (noted with the eclipses). In any case the long term trend on XLMUSD remains bearish (the 1D 0.618 Fibonacci retracement level = 0.283307 should reject any medium term upside attempt) and so are we with end of September targets at 0.1802 and 0.1713 (June 29, 2018 low).
XLMBTC Stellar is almost done consolidating in a symmetrical triangle. The target of the trianglein case of a break out to the upside is in the chart, however I think it will go a little bit above to 0.0000937 sats.
This is not a financial advice. good luck trading.
Higher extension confirmed. 0.618 Fibo and then short.Since the Higher Low supporting line (red dots) held, XLMUSD has started its ascending course towards the 1D 0.618 Fibonacci retracement level = 0.283307. The 0.618 point is where the commanding bearish Channel on 1w (MACD = -0.007, B/BP = -0.0464, ADX = 31.817) previously made its last 0.3533 Lower High (July 25th) before it declined. This is a recurring pattern on this bear cycle and reappearing sequence is also evident on the base candle patterns before the rise (illustrated by the Rotated Rectangles on the chart). Our short targets on Stellar Lumens for the end of September are still 0.1802 and 0.1713 (June 29, 2018 low).