Stellarusd
MY MINIMALIST CHART ANALYSIS FOR $XLM$XLM - STELLAR ON A DAILY CHART
5.8.21 1002H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS
ENTRY AND EXIT POINTS FOR A SWING TRADE
USING RANGE BOXES
Note:
This is not a piece of financial advice.
I am just a student and still learning.
Adjustments will be made in
accordance with The Dynamics of the
Market along with Trading Psychology.
Postings done most of the time will be
delayed, as it takes time for me to finish
on several assets.
Updates will be posted religiously if time
permits.
XLM - Something Good Will Happen Soon Hi, this is my update for XLM, in the last 3 days XLM is up around 25% after a big fall from $0.60 to $0.38. XLM has tested both the support level $0.40 and SMA100, also it held very well. Good news is that we are again above the SMA50 and the support level $0.455. I expect we are going to test the resistance level between $0.53-0.56 (Green Box) and after that we are going to see a normal pullback all the way to backtest the support level $0.455 to make a beautiful bottom head and shoulders, then we are ready to takeoff. + We have already made a double bottom in RSI and MACD is ready to turn green. So be patient and don't PANIC ;)
STELLAR to bound off previous price, then up like a STAR PLEASE NOTE.... My new graphics are STELLAR, NO?! I made the price points so simple to follow a crypto chimp on an Elon Musk mind control machine could pull this trade off. Get out your mental joystick and place your positions. Stoch RSI and MACD indicate it's still trending downard... so don't place your bet yet.
IMPORTANT, wait for confirmation off the previous price level. Don't take a position until you see a clear move upward off previous low and into "the buy zone" which is kind of like the Bermuda Triangle.... it takes your ship and takes it to the bottom of the ocean. BTW, if you get to price level "alligator tears"... get out the towel, it's crying time.
How many traders does it take to screw in a lightbulb? Sorry... traders can't screw... they just GET screwed...
XLM Easy Long Setup
Set alerts for the pull back to the FIB pulled area on the chart for the Long setup .
I will set alerts as we descend down towards my buy zone and will monitor BTC movements before taking a trade with a sl at around .52
I expect to see 75 as a target based off 1-1 EXT which will generate 30% profits
Like +Share+ Follow Its only a button and keeps me motivated to produce more charts and analysis ...Thanks
XLM - 6h. Buyers should rest and keep $0.38-0.4In just two months from the beginning of 2021, a quality rally took place on the XLM market. The price of XLMUSDT has grown by more than 350%. During this time, buyers managed to update a high of 2 times. Good dynamics, but is there enough potential for buyers to maintain this pace?
If you analyze the first wave of Stellar price growth, you can see a sharp momentum , which is supported by large volumes:
The second wave of growth in the XLM market, which began on January 28, lasted longer. Buyers found it difficult to raise the price and it is noticeable by candlelight. In addition, this wave renewed the previous high, but there was an impression of weakness of buyers. This impression intensified after the buyers were unable to update the previous high during the 3rd wave. Trading volumes during the 3rd attempt to increase the price of XLMUSD were lower. Thus, a long-term triangle -like correction could begin on the XLM market.
In the 6-hour timeframe, the first critical point is at $0.38-0.4. Approximately in this range, buyers gained a position for further growth during the month. If buyers fail to keep this range for XLM investors, a critical point will come. The last chance to continue the trend is in the global range of $0.31-0.33 . The loss of this range will quickly send the price to $0.2
To continue to grow the XLM market, buyers need to hold above $0.5 . Therefore, we will expect another test of the strength of buyers to decide where to buy XLM.
P.S. Our previous XLM idea
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XLMUSDT Good Buying opportunity!#XLMUSDT (4H CHART) Technical Analysis Update
Reversing from the support
XLM/USDT currently trading at $0.48
Buy-level: $0.47 - 0.48
Stop loss: Below $0.43
Target 1: $0.53
Target 2: $0.57
Target 3: $0.60
Target 4: $0.75
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Stellar Lumens (XLM/USDT | STR/USDT)Technicals:
87 Weekly BBands have opened and the price is continuing on its parabolic movement with upper BBand trailing below as support
If the 2017 fractal is in play, then drawing a fib extension from Oct'20 provides a glimpse into what prices could potentially reach into May 2021
Previously, the price extended to the 3.0 and 3.272 fib levels back in 2017. If history repeats, prices could reach a range of 3.7-5.4 USD per Stellar
Stellar Lumens (XLM/USDT | STR/USDT) Parabolic Moves - Long TermTechnicals:
- 80 week Bollinger Bands begin to open and point towards a potential violent upswing in the future (4-12 weeks)
- Monthly RSI on weekly timeframe shows oversold
Fundamentals:
- A lot of fintech and remittance startups and stable coins are being created with lumens tech
- Protocol 15 release
Stellar head to the top of ascending channel!!!!Stellar is in an ascending channel since early 2021
After reaching its ATH , Stellar started a retracement move but still maintained in its ascending channel
There is a strong resistance zone at 0.47$ which is broken strongly with a full body daily candle
The possible movement is a pullback to the broken resistance (0.47$) then start an uptrend head to the ATH 0.6$
XLM - Sleeping giant. Buy before it will be too late. 🚀XLM is very good project which didn`t pump hard yet. If you are searching for coin which didn`t jump yet it may be good option for you. Buy the dip and wait for pump!
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
XLM 4H - Bullish scenario4H Chart - Bullish scenario for stellar
long consolidation for XLM after hit 0.60 Feb- XLM Need to Break Resistance levels to hit ATH again we have these resistance on the way up !
R1 - 0.42
R2 - 0.45
R3 - 0.53
Hope we see XLM back to game soon 🤑
My First Target for Stellar is about 0.58 or 0.61
Then go back to .48 and back up again for 0.71 or 0.81 , Let's See !
Don't forget to like and comment your targets for XLM !
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor and publishing my idea !
Expecting Stellar Lumens increase of 100% in coming monthsExpecting to see short term gains before we see some long term gains.
Looks like its forming the handle of a large cup&handle back from 2018 and converging into a bullish pennant.
This is a personal post for my own learning. So don't take this as trading advice.