Stellar Lumens ~600% profitSTR/BTC / XLM/BTC is ready to go for roughly 600% profit from here. it made a higher low from its most recent lowest low post-China news. additionally, it's a fork of Ripple ( XRP/BTC ); Ripple is about to have an absolutely HUGE conference in 2 weeks with big names speaking there (see my most recent chart for more info). because of this, the long-term chart follows Ripple. however, I think Lumens is significantly more undervalued.
I own a lot of this and will be selling around the 2nd labeled target price of ~1764 satoshi. this would also bring it to the same marketcap ranking of its maximum hype level around May-June.
trade at your own risk.
STRUSDT
Stellar Buy SignalThe price bounced from the uptrend line and moved above the cloud. Now we have the market with good potential for upward movement. DMI confirms trend market conditions and allows to open long trades. Pending orders for buy should be placed above the local swing high at 0.012700 level. Stop orders must be placed below the local swing low and the support at 0.009800 level. Profit targets are 0.016000 and 0.024500 levels.
Stellar Buy OpportunityThe support zone formed by 0.012000 and 0.010000 levels can stop and reverse the market. RSI and reversal candlestick pattern tell us that the market is going to move upward. Pending orders for buy can be placed above the high of the signal candle. It's 0.013200 level. Stop orders should be below the support zone. Profit target is the resistance zone. If the market drops below 0.006000 level, you have to delete buy orders.
Stellar New Trading OpportunityThe market gives us one more buy signal and allows to increase our long positions. If the price passes through the kumo, it will be a confirmation of further upward movement. It's logical to use a breakout signal for entry the market. Pending orders for buy should be placed above the local swing high at 0.021200 level. Stop orders must be placed below the support level at 0.018900 level. The main profit target is at 0.024000 level. The part of trading volume can be left for long run.
Stellar Buy SignalThe price bounced from the strong support zone formed by 2 uptrend lines and 0.018300 support level. RSI and a bullish divergence confirm price reversal with further upward movement. It's a buy signal and we have to place pending orders at 0.019650 level. Stop orders must be placed below the local swing low at 0.018000 level. Profit targets are 0.021500 and 0.024000 resistance levels.
STR Reverse falling wedgeFor a safe entry, wait until we close above the red downtrend line. Stops below the bottom yellow line.
Stellar Buy OpportunityThe market dropped to the support zone formed by the uptrend line and 0.017000 support level. This zone can stop and reverse the falling market. In order to catch a possible upward movement after price reversal, we can place pending orders for buy above the local swing high based on the 1H chart. It's 0.019300 level. If we get a new swing high which is lower than 0.019300 level, we'll move pending orders to the new swing high. Stop orders must be placed below 0.016500 level. Profit targets are at 0.022500 and 0.024500 resistance levels. If the price breaks the uptrend line without activation of pending orders, we'll have to delete these orders and wait for a new trading opportunity.
Stellar Buy OpportunityThe market bounced from 0.015000 support level and then broke the downtrend line. We have a buy signal and confirmation that the market is going to move upward. Entry level for long trades can be above the local swing high. It's 0.024500 level. Stop orders must be placed below 0.014000 level. Profit targets are at 0.040000 and 0.055000 resistance levels. Also the part of trading volume can be left for long run. If the market retraces to the uptrend line and bounces from it, we'll get a new entry level above the high of the signal candle.
Stellar 4 Hour study.4 hour scenario
Breaking lines
First pair of lines
green line (resistance1) move towards 0.016 (Bollinger open up to 0.017)
red line (support1) move towards 0.014
Second pair of lines
Green line (resistance2) move towards 0.026
red line (support2) move towards 0.006
Market Cap 174.300.000
Shape could indicate double bottom, let´s see where it moves.
Wait for confirmation.
STR:USD StabilizedJust playing with the indicators, seems that the prices have gotten to a stabilization point.
Stellar Long Term TradeLet me share with you one interesting market for long term trading. Stellar seems one of the coins with good potential for upward movement. Based on the daily chart the market does not confirm a strong downward movement and it allows open long trades. Probably 0.012000 level is the bottom for this market. If so, we have to find an entry level for buying and we should do it on lower time frames. If we look at the 4H chart, we can see that the market moves in range. Bollinger Bands confirm low volatility. DMI confirms range market conditions. What does it mean? It means that we must expect a volatility breakout with further price movement. We can see that price is near the resistance zone formed by 0.020000 and 0.022000 levels. If we place pending orders for buying above 0.022000 level, it will be logical. If price breaks this resistance zone, we'll have a good confirmation of the beginning of a new up trend. This breakout will have to be confirmed by ADX line moving upward to 20 level. MACD will have to support the upward movement too. Stop orders can be placed below 0.012000 support level. Profit target should be at 0.055000 level. Trading volume for such trades should be up to 3% from your deposit size.
STRUSD will rise with BTCUSD, but, STRBTC drops.I looks that BTCUSD is just about to blow through $3k. The other currencies, Stellar and Ripple, also look to move higher on a guilt-by-association basis . However, STrBTC will drop because the percentage gain is going to be smaller with STR versus the rise in BTCUSD. Be careful you are on the right side of this trade.
STR Ready to LaunchSTR is ready for a nice pump. I expect it on Sunday, April 23rd, after the french election.
Entry: 265-300.
TP1: 380.
TP2: 450.
TP3: 600.
Stop-loss: 250.
Risk/Reward: 2.4:1.
This idea is a continuation of the following one:
Good luck.
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts.
