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LONG XLM STR Stellar Lumens Bullish Pennant Breakout OpportunityThis should provide a nice ~15% or more scalp on an expected market move for Stellar. Currently consolidating within a bullish pennant. Have crossed the ichi on the 30 and 45 minute time frames, and above the 200ema. RSI and MacD provide upward growth. Pending orders should be placed at a break of the wedge with profit targets around 900-940 (depending on your risk management). I believe we will challenge this previous swing high and drop down again as higher time frames show RSI is approaching overbought levels. However, there may be another large move up, as this would also note the completion of a large cup and handle formation. Pay attention to market signals and take profits when you can, as you will always be able to re-enter at a later point. Good luck.
SLong
by ninjacookies
4
LONG STR XLM Stellar Lumens: Cup & Handle...The BIG One?I posted a rough mockup of this in my previous idea several hours ago, as Stellar 0.00% tends to give a lot of clues on what it likes to do next. We are still very much in a bullish market, but healthy correction was needed as we have been overbought for a few consecutive days now. I have seen this large bowl forming for quite some time, and now the cup has come to a completion. Now come the possible handle and technical clues. On the 1 day chart, our RSI indicates we need a sell off for things to proceed. We already experienced a sharp pullback from ~940 to 750 in a very small period of time as the masses take profit and close out longs and shorts. I have outlined a 'tentative' idea on how I think the handle may play out. We will most likely either bottom out around the 690 area or 620 based on fib retracements, though 563 is certainly not out of the question (I'd feel a lot less confident about this idea if that happened tough). If this all transpires according to plan, then we can expect a drive up to around 1280 where we'll meet our first resistance. Next target would be around 1438. A break of the 803 neckline confirms strong upward movement and should be where buy orders are placed *if* we get a handle formation. If it does, then expect some huge, huge moves to follow, and I firmly believe 2000 will not be too far out of sight by sometime next month or early next year.
SLong
by ninjacookies
7
LONG Stellar STR XLM: More Bull Flag / Cup and Handle RepetitionIf you followed my previous idea here published a little more than 24 hours ago: you will see that Stellar has a tendency to repeat itself. A lot. And low and behold, we are faced with another deja vu scenario of a situation that played itself not more than a day prior. We reached our initial target of 620. But there is so much more left in store. Here is yet another potential long scalping opportunity. The market went into a predictable consolidation phase after the nice pump yesterday. We briefly touched our 643 fibonaci resistance level right on the nose and pulled back. In the process, we formed a nice bull flag formation. The bulls grabbed her by the horns and decided they wanted out of the flag. And now we are faced with yet another cup and handle scenario. A clear break of the 630 neckline is where orders should be placed with confirmation of more upward movement. This should take us to test the 690 fib resistance level. But I still think there is so much more in store. Good luck!
SLong
by ninjacookies
7
LONG Stellar Lumens STR / XLM : Another Cup and Handle After XLM faked me out on my previous idea when I anticipated a breakdown in a bearish flag/pennant....it is now showing very positive bullish signs that are further aided by the cup and handle formation that is currently close to completion. It has been steady forming higher lows and higher highs even despite Bitcoin's swift rise, which is a sign of stability and strength. Pending orders should be placed at a break of the 535 level. There will be resistance at the 56x levels, but if that can break then we are going to 592 (which is my first target). We are above the 100 day moving average and ichi. Beware...stellar has been known to have some very quick movement in both directions, so take profit when you can. But it can be argued that its price has been suppressed for far too long compared to other alts during this great institutional money bull market.
SLong
by ninjacookies
9
STR/XLM Bullish Moving Average Cross It appears that XLMBTC (STR, Stellar Lumens) is about to make a bullish moving average cross on the 4hr. This is a good set up for a long term trade LONG. Stellar has a great project with a lot of support in the crypto community so it is likely that unlike the other alt coins that bleed when BTC is megabull (as it is right now..) STR/XLM may still rally Entry: 480-500 TP1: 550 TP2: 600 Target: 700 Stop Loss: 440 (for the less risk averse, 400) Happy Trading
by myceliium
1
*Short* Stellar Lumens / XLM Bearish Descending Wedge BreakdownIf you've followed my ideas long enough, you'll know that I absolutely love scalping/swing trading this coin. For the most part, the medium and large moves have been quite predictable. I'm making another short-term forecast. It's currently been bouncing in a rather tight range within a bearish descending pennant/wedge. The 1hr chart is quite telling. If the current pattern continues, I'm predicting it will continue to push the RSI levels upwards up above the 70 range as soon as the wedge formation is completed. As we've seen in the past, this has coincided with a drop-off in prices as the market capitulates. Pay attention to this formation, but I'm guessing the drop should come by sometime tomorrow (sunday) or early Monday, if not sooner. Primary target is 0.00000457, which is a strong support level.
SShort
by ninjacookies
How to trade STR/XLM to make +- 20%Greetings from South Africa, Lately we have seen a strong support between 420 - 460 and i dont see us breaking below that any time soon (unless bitcoin does something similiar to Oct bull run) Anyway this is my meathod for trading this coin for the next 2 weeks > Buy at 450 - Sell at 550-620 - stop loss at 380. Hope you guys find my method of trading useful. Good luck AND remember to never put all your eggs in one basket!!! Please be sure to give me a follow for more on Lumens. any Rep i can get would be greatly impressive!
Long
by RicRac
4
*LONG* Stellar XLM Bullish C&H, Triple Bottom, Rising Pennant We have some very strong indicators for Stellar Lumens right now. In addition to a triple bottom, there is a strong cup and handle formation that appears to be nearing completion. This is further substantiated by a rising bull pennant which, upon breakout, should also complete the rest of the handle. A break above the 0.00000517 neckline will confirm this pattern, which is where buy orders should be placed. 1d MAC D and RSI provide upward growth. Please be aware the bitcoin/bch whales are playing tug o' war and it may effect how this plays out either way. So please exercise caution and use stop losses. Happy trading!
SLong
by ninjacookies
6
STR / XLM Supressed and holding steady...Low Risk Long PositionIt has been awhile, but I am back. Despite the recent turbulent price fluctuations and tug o' war parity between BTC and BCH, Stellar has managed to remain fairly steady and reliable. Although volume isn't necessarily 'stellar,' it has seemed to find a relatively safe floor around the 450-460 levels. If recent history is any indication, we are currently in another consolidation area where we are right on the verge of exiting a bullish flag formation. I suspect it will not be suppressed much longer. This is a very low risk/decent reward proposition. Pending orders should be placed within the 450-465 levels with a tight SL placed around 440-445. We should retest the previous high around the 56x area. Profit taking can be had anywhere between 550-570. There have been many coins within the recent few days that have underwent a nice surge, and I believe Stellar is due. Of course, further BTC correction will only aid the fuel. Best of luck and happy trading!
SLong
by ninjacookies
XLM / STR Stellar .... we Bearish nao. :( *SHORT*For those that have followed my ideas for awhile, I predicted a drop down to the 55x area (which is also approximately where this downward trend was to merge with the long term trend line). Unfortunately, 55x did not hold and after a whole lot of sideways movement, we are dropping....fast (I also preidcted quite a swift fall if we could not bounce off trend line support). I'll be honest. It's looking ugly. Volume continues to dwindle, which I suspect is a function of several other 'hot' altcoins (including BCH and VTC) gaining huge market traction. We're also distancing further and further from the 200ema and ichi clouds. About the *only* thing we have going is that this stuff is extremely oversold on almost every time frame. However, that was also the case while we approached the trendline decision point. So unfortunately I can't make much of that. All I can say is that there *may* be some sort of dead cat bounce soon, but I do not expect anything worthy of note, and certainly not anything to indicate that we have broken out of this prolonged bearish sentiment. Next areas of support are ~487 and ~450. Though the latter (45x) is much stronger. Should we break that...then *eek*. I'm personally watching out for the 45x area. I did not expect us to be dipping this low, but as I've always stated, crypto is the land of the unexpected. A week ago, I don't think too many people foresaw the continued rise of VTC and astronomical rise of BCH. But these kinds of things happen. Pre-IBM news price levels were in the low 300's, so if we return within that range that it may be a bit damaging to the coin from a psychological investor perspective. Or perhaps the opposite, where people will view it as massively undervalued. Do I still think Stellar is still a wonderful, functional coin with tons of future potential/upside? Absolutely. However, it's time in the spotlight may have fizzed out for the time being. I'll post updates as much as I can. Happy trading.
SShort
by ninjacookies
Good Time to Long STR/XLMIn the last couple days, it seems that XLM/STR has developed an inverse relationship with BTC. With this in mind, its not surprising that today STR/XLM has broken out of a falling wedge on the 1hr. Looks like it going to go on another run as long as BTC continues to head down. Great time to Long. Entry? Anywhere below .00000610. Good Luck. Trading Signal for STR/XLM: ENTRY: .00000600 TAKE PROFIT: tp1: .00000660 tp2: .00000680 tp3: .00000700 STOP LOSS: 580 LENGTH: 2 days +
Long
by myceliium
1
STR / XLM Stellar SHORT retracement then LONG! Hope you all got something useful out of my shorting call earlier this morning. Broken down bear pennant, 4 hour hammer, broken down 646 support, leaving the 15 min ichi, and dropping below the 200ema confirms the move. At least for now. Re-examining the charts, this might be the end of the 3rd leg on a corrective elliott wave from the previous jump. Or it could be the second. Hard to tell at this point. Overally gameplan remains unchanged from my original charts, but timing may be tricky. 1hr rsi now seems close to being primed for another jump up. Put some 'tentative' price targets that may be of interest on this potential drop. Could be shorter or could be longer. But I'm aiming at the 382 level retracement before the 5th leg up to re-test 84x resistance. As always, be vigilant, set stop losses, and pay extra attention as the whale bots can move quick! Happy trading!
SLong
by ninjacookies
22