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XLMUSD: Closing over the 1W MA200 can lead to 0.3200XLMUSD is on the third straight green 1W candle after the massive one that broke over the 1W MA200 for the first time in more than a year. However it closed the 1W candle under it, and so did last week's. Naturally, the uptrend needs a 1W candle to close over the 1W MA200 in order to confirm more upside. The 1D timeframe is on healthy 1D technicals but 1W is overbought (RSI = 73.412, MACD = 0.010, ADX = 20.860) so failure to close above it, can deliver a pullback towards the 1D MA50 for one final buy entry. Based on the price as well as the RSI pattern, the current trading sequence is comparable to the July-August 2020 1W MA200 tests. That gave the pullback but after it crossed over, the first target was the 0.618 Fibonacci level. That's now at 0.3200. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:XLMUSD
by InvestingScope
1
XLM Decision making time!XLM broke out of its bearish downtrend after a 100%+ move from the XRP case verdict. After this breakout, it had a solid pump and is now sitting right below resistance. Ii can see XLM pump up to .1670 before being rejected but if it fails here I would wait for the purple line below to get retested again before entering a long trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
by Navitility
Stellar (XLM) Rising to the NorthernTrend Bullish Signal Stop at support XLM’s price has hiked significantly over the last few years. Back in 2018-2019, it kept falling below its previous ATH of around $0.93 (recorded in early January 2018). It was only in 2021 that its price again rose, hitting a price level of over $0.7 around mid-May. However, as the cryptocurrency market collapsed in the second quarter of 2022, XLM went into a bearish dive. At press time, XLM was changing hands at $0.088468, with a market cap of $2.1 billion. Here’s when Stellar (XLM)price action will turn north The price of Stellar Lumens (XLM) has dropped since the beginning of April and is in the process of creating its fourth consecutive bearish candlestick. Going by the general trend in the crypto-market right now, we should be prepared for more bearish movement from the token. At press time, XLM was trading at $0.08848. On April, Brazil’s central bank launched the pilot for its experimental central bank digital currency (CBDC). The test for Brazilian CBDC, Digital Real, is taking place on the Stellar blockchain network. Soon thereafter, Pendulum announced the release of the Spacewalk bridge that connects the Polkadot infrastructure to Stellar’s blockchain so Polkadot can access fiat and stablecoin currencies. The Spacewalk bridge will allow Polkadot to access the entire infrastructure created by Stellar, especially that related to cross-border payments. Stellar is today one of the best platforms for facilitating faster and easier international financial transactions. It is based on a decentralized on-chain protocol. Stellar users trade in Lumens (XLM) which is the platform’s native cryptocurrency. Another important feature of Stellar is that individuals are more interested in Stellar than organizations, as it is a platform for small-amount payments. It is gaining popularity due to its simple user interface. Stellar enables real-time transactions to occur anywhere in the world in as little as five seconds. A new smart contracts platform called Soroban has released its second preview. The upgrade intends to increase platform developer friendliness, scalability, and sensibility. Last year, Ethereum transitioned from the proof-of-work (PoS) to proof-of-stake (PoS) consensus mechanism following the Merge. A major reason for this step was claimed to be the adoption of eco-friendly processes. In this regard, Stellar is very promising, as it has a smaller carbon footprint. Its authentication cycle is also fast, keeping energy use to a minimum. Acting as a decentralized currency exchange, Stellar helps you track all of your assets with an order book. You can sell, buy and manage all of your assets here, with XLM acting as an intermediate currency for paying transaction fees. The currency is very useful for the users because it helps you reduce transaction costs. Transactions on the Stellar platform are performed swiftly due to the ease of Lumens. The currency not only makes transactions seamless for the sender and the recipient but also ensures that transactions are secure. Jed McCaleb, Co-founder, and CTO of Stellar said in an interview with CoinMarketCap that XLM is used in a fundamental way for the network. XLM is listed on a number of crypto exchanges including Binance, eToro, Huobi Global, CoinTiger, FTX, and OKEx. This shows that the currency is an increasingly accepted choice of investors now. A total of 100 billion XLMs were issued when the Stellar network was launched in 2015. In 2019, the group announced that it was burning over half of the cryptocurrency’s supply. Stellar mentions on its website that currently, there are around 50 billion XLMs in existence; 20 billion XLMs are in circulation and 30 billion XLMs are retained by the Stellar Development Foundation for project development. Nothing more will be created. Where Stellar trumps other financial platforms is its low transaction fees, which have drawn a huge number of cryptocurrency users to it. It is one of the few blockchain networks that has been successful in collaborating with large tech corporations, such as Deloitte and IBM. Stellar, in partnership with IBM, launched a project that enables FinTech to engage in financial transactions using assets such as stablecoins. It must be noted that Stellar is one of the large corporations that are operating in the cryptocurrency market. It is one of the most centralized cryptocurrency networks active on the internet. While the Stellar network uses decentralized nodes, it doesn’t have that many validators. Such an infrastructure gives the group a lot of control over the operations and price movement of XLM. In 2016, Deloitte announced a partnership with Stellar, along with four other blockchain networks, to provide new technological capabilities to its global financial institution client base. In June 2018, Fortune reported that New York financial regulators approved Stellar Lumens to trade on the Bit exchange, the first time the state’s authorities have given it the green light. In October 2021, IBM partnered with Stellar to facilitate cross-border payments by banks. The system uses XLM as a bridge currency for transactions and it has been successful in the South Pacific region. The same year, Moneygram announced a partnership with Stellar. Its integration with Stellar facilitates the conversion of the USDC stablecoin into cash and vice versa. The facility aims to encourage the liquidity of cryptocurrencies and the integration of traditional and cryptocurrency markets. In October 2021, Flutterwave, a global payments technology company, also announced two new remittance corridors between Europe and Africa on the Stellar network. The step is a major step in Stellar’s expansion in the global market. It also succeeded in receiving certification from the Islamic scholars of Bahrain in 2018, aiming to integrate the technology into the field of sharia-compliant financial products, reported Reuters. “We have been looking to work with companies that facilitate remittances, including in the United Arab Emirates, Saudi Arabia, and Bahrain. It’s a huge market,” said Lisa Nestor, the then-director of partnerships at Stellar. Since the Middle East and South Asian regions are key areas of growth for the group, where a lot of countries are run on a sharia-compliant system, this is a major success for Stellar. Developing economies are the focus of the Stellar network in the areas of remittances and loans. It primarily aims to target those who are still not part of the traditional banking system. In June 2022, the global platform for modern money movement, Nium, and Stellar announced a partnership to enable payouts to 190 countries. “This integration truly drives home the value that blockchain-powered cross-border payment solutions bring to the current financial system,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “At SDF, we are always working to fill up the map and connect the network to more of the globe. Together with Nium, we are thrilled to expand the reach of the Stellar network so significantly.” Another prominent feature of Stellar is that it gives power to the community to decide what project(s) the blockchain should focus on. We will now briefly give an overview of the key performance indicators of XLM, such as price and market capitalization. We will then summarize what the world’s leading crypto-analysts have to say about the future of this currency, along with its Fear & Greed Index. The market capitalization of the cryptocurrency follows its price trends throughout. In early January 2018, it was nearly $9 billion, and it skyrocketed to as high as $16.5 billion (May 2021) during the crypto-boom of 2021. In fact, it was performing fairly well in 2022 too, until the market crashed during the year’s second quarter. Stellar has seen many growth spurts over the past few years, such as when Mercado Bitcoin announced its use of the platform. In less than a year, Stellar housed almost 3 million user accounts. Since that time, however, Stellar has built a network of partners that includes Flutterwave and MoneyGram. The Stellar network is considered a rival to the Ripple network. While Ripple helps banks make fund transfers, Stellar helps individuals outside the banking system make fund transfers. Its simple, swift and economical process has made it very popular among users across several developed countries. These developments are certain to boost Stellar’s credibility among the users and raise the price of Lumens. Besides, XLM is one of the most eco-friendly cryptocurrencies. Its consensus model is faster than both PoS and PoW, making it the preferred choice of many investors. The unique features of Stellar such as strategic partnerships and convenience, make XLM one of the most reliable crypto investments. Its growth as a payments network will be the most important factor influencing the future of XLM. Despite being embroiled in a legal dispute with the Securities and Exchange Commission (SEC), Stellar’s Lumens coin is a major cryptocurrency to wager on. In June 2022, the system upgraded Protocol 19, building payment channels and key recovery channels. Stellar is also working on the Project Jump Cannon to facilitate a robust execution environment for smart contracts. In 2022 itself, many crypto exchanges such as WhiteBIT, CoinMe, and Mercado Bitcoin enabled USD-backed stablecoin transactions, increasing the access to USDC on Stellar. Coinbase Wallet announced in November 2022 that it will no longer support the XLM token, along with BCH, ETC, XRP, effective 5 December. Coinbase cited “low usage” as a reason for delisting the four coins. The SDF has also established a $100 million fund to encourage developers to create applications for the Soroban smart contract platform. Soroban adds Turing-complete smart contracts to the Stellar blockchain, allowing developers to create new financial services rails on the network. The Stellar Community Fund (SCF) has announced that 21 projects will receive funds as part of its 11th round. The required funding for the winning projects will be given to them in XLM tokens. The grants total more than 13 million XLM for the entire round. South Korea’s leading cryptocurrency exchange, Upbit, announced the temporary suspension of deposits and withdrawals of the Stellar network’s native token, XLM, and other assets on the network. Upbit stated that the event was caused by the need for maintenance of the Stellar network and the wallets in it. In March 2022, Stellar stated in its blog that it will launch Project Jump Cannon, an E&D venture to introduce native smart contracts for its blockchain. The same month, it also introduced the Starbridge project that would create bridges between Stellar and other blockchains, enabling interoperability. Since December 2022, the Stellar network has been working with the United Nations High Commissioner for Refugees (UNHCR) to provide its blockchain payment solutions to those affected by the war in Ukraine. In January 2023, Stellar (XLM) announced its decision to join the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC). It is important to note that the committee is composed of a diverse group of members with backgrounds in both traditional finance and cryptocurrency. As a result, Stellar’s (XLM) unique perspective on Layer 1 protocols may not carry the same weight as that of more established players in the space. If Stellar continues to adopt more of such innovations and succeeds in building a larger community, it can prove to be a significant player in the crypto market. The latest Fear & Greed Index projects a ‘fear’ market sentiment for XLM.
CAPITALCOM:XLMUSDLong
by DaveBrascoFX
26
XLM Price Surge and Support LevelsXLM experienced a significant price increase in the past month, making it one of the top currencies in the market last week. The currency broke through the resistance level of $0.087 and then pulled back to that level before continuing its upward trend without breaking the short-term trend line. Positive news in the market caused the currency to surge with bullish spike candles. The price of Stellar rose by almost 100% and reached the resistance level of $0.19, resulting in a strong negative reaction. However, the price showed a positive response to the support level of $0.125 during a corrective wave. As long as this support level holds, we can anticipate further price growth towards the resistance area at $0.19.
by MonoCoinSignal
Seasonal Crypt Growth with Powerful Positive SignalsTo date, we have come to another opportunity for market growth. The second half of the year, after an intense struggle, opened above 1900, which gives support and opportunities for 2250-2500 test attempts. The continuation of the trend in a row from the first numbers was disrupted by the drawdown of the euro, which I warned about, because quite strong pullback signals were left. However, this movement was only a pullback, after which the dollar continued to fall. Until the end of the month, I think the crypt will continue to adjust to the position of the euro with large bullish monthly candlesticks, which is already observed for xlm xrp sol and individual ixanuvshiy alt. The main positive factor will be the consolidation of the euro above the key level of 1.125, which will give a signal to fix the bullish trend. Investments in alts are still rather sluggish due to the lack of a clear continuation of the trend in the tops and the foreign exchange market. However, there are more and more reasons for bullying. The drawdown of the dollar gives the green light to the crypt. Against this background, the ether opened the second half of the month above the opening of the monthly candle, which increases the probability of purchases by the end of the month on candle models with targets at 2250-2500. Due to these factors, we observed a significant increase in purchases from the move right before the opening of the second half of the month, which showed a strong increase in buyers for this period. Also, July – August are seasonally a powerful period of growth. Basically, bitcoin is slowing us down so far, which opened the second half of the month less positively. However, we are still confidently holding 30k. The half-year is also open above. At the moment, the growth of coins is due to the distribution of funds from the cue ball for other projects. I have pointed out this prospect in many recent reviews, in particular, I expect a further decrease in the dominance of the cue ball with goals by 40-45% under an optimistic scenario. That is, even with a long flat, the cue ball will lose most of the coins. In particular, in my opinion, the probability of going to 0.10-15 of the eth/btc pair prevails. And so we opened the half-year, the month and the second half of the month well on the air, and therefore there are high chances to see an influx of buyers from the second half of this week to the middle of August under an optimistic scenario. Negative factors can only be the collapse of the euro below 1.1, which is now possible only at the end of the month, and the collapse of the cue ball to 25-27.5 against this background. The probability of sales has dropped to 35-45% so far in my opinion. But since sales are possible only at the end of the month, this week is quite safe for topping up with possible breakdowns on individual coins. So far, in my opinion, uft perl vib cvp pros have the greatest potential, which can show growth up to 3-5X. Also, wtc for dock ooki oax vite front epx burger amb has a potential of up to 150-200% from current levels. Fida drep hard wing returned to powerful supports, which can show good rebounds. Among the low-liquid assets, asr atm torn and pnt with a potential of up to 3-5X remain the most interesting. For scalping with a potential of up to 50-70%, om snm pivx voxel df chess looks good. Among the strong projects at interesting levels are vidt and gft, which are suitable for more reliable investments in medium-sized.
BITSTAMP:ETHUSDLong
by Strateg_
Stellar XLM price entered the procurement zoneIf you believe in the bright future of the Stellar project and want to buy XLM, then we have good news for you. The XLMUSDT price came to the liquidity zone of $0.65-0.85 in which it is justified to place "buy orders with a grid". It seems that in general, the XLMUSD price is approaching the end of the falling trend And purely theoretically, a good potential for growth will open Here is 3 months ago, we painted and showed the trade history of Stellar for 8 years, who is interested, welcome: _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
39
XLMUSD has started a parabolic rally to the former HighXLMUSD crossed last week over the 0.382 Fibonacci level and despited the subsequent pull back, it is again rising aggressively today. The price action is very similar to the previous Cycle. When the price crossed above the 0.382 Fibonacci, it pulled back to the 0.236 and then started a parabolic rally that reached the 0.786 Fibonacci in 6 months. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.48000 (Fibonacci 0.786). Tips: 1. The price just formed a Golden Cross (1d), which is on the previous Cycle was formed right at the start of the Parabolic Rally. Please like, follow and comment!!
CRYPTO:XLMUSDLong
by TradingBrokersView
#XLM/BTC 1D (Binance) Falling broadening wedge breakout & retestStellar Lumens is pulling back to demand zone where a bounce towards 200EMA would make sense, especially after a morning star. ⚡️⚡️ #XLM/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 12.6% Current Price: 1) 0.00000317 Entry Targets: 1) 0.00000314 Take-Profit Targets: 1) 0.00000364 Stop Targets: 1) 0.00000289 Published By: @Zblaba CRYPTOCAP:XLM #XLMBTC #Stellar #Lumens #P2P Risk/Reward= 1:2 Expected Profit= +15.9% Possible Loss= -8.0% www.stellar.org
Long
by TradingOn
XLM Long Entry Trigger!XLM has been selling off since its massive run-up. It currently swept the previous lows and is holding support locally. I entered a long position here with a stop under the previous lows. Always using risk management. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
Long
by Navitility
Inv h&s on XLMUSD points to a .147 - .15 targetYou can see here on the 1 day chart xlmusd has formed an inverse head and shoulder pattern with it only just recently rounding out the 2nd shoulder and returning now back to the neckline. As always I must wait for a breakout confirmation above the neckline and some confirmation from volume before basing my buys off of this but I anticipate it will likely confirm in the not so distant future considering the recent move by coinbase to use stellar for USDC. I’m hoping to get a retracement too before a full breakout above the neckline in which case I will try to wisely piece meal buys on the dip. I have placed an arbitrary dotted measured move line where I think a potential breakout could occur in which case the target is somewhere aroun 14-15 cents. *not financial advice*
COINBASE:XLMUSD
by DrDovetail
1
XLMUSD Above the 1W MA200 for the first time in more than 1 yearStellar (XLMUSD) hit and broke today above the 1W MA200 (orange trend-line) for the first time since the week of May 02 2022. That's more than 1 year of trading below a key long-term Resistance that is now broken. The 1W MA50 (blue trend-line) has supported this price action for the past 2 weeks. The time XLM hit the 1W MA200 during the previous Cycle, it failed to close the week above it and had a medium-term pull-back to the safety of the 1W MA50 before it started the final part of the parabolic rally from October 2020 to May 2021. Notice that the 1W RSI then was on the exact same (overbought) level it is today. As a result, if it fails to close above the 1W MA200, we will wait for a pull-back to buy, preferably as close to the 1W MA50 as possible. If it closes above the 1W MA200 though, we will buy on the market price. In either case, we will target the top (Higher Highs trend-line) of the multi-cycle Triangle pattern at 0.7000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
COINBASE:XLMUSD
by TradingShot
4
XLM Long Idea In the realm of crypto, Stellar claims its throne, XLM shines bright, a trade strategy to own. Fibs and channels, a flamboyant affair, Unleashing gains, with a confident flair. With parallel channels, we set the stage, A path to follow, as profits engage. Fibonacci's charm, in the 0.786 zone, Where the lower trendline beckons us to own. Stellar's dance of triumph, a sight to behold, As it touches that level, a story unfolds. Outrageous gains, like fireworks ignite, In this trading game, we'll bask in delight. So let's embrace the XLM trade, With strategy and style, we'll make the grade. Fibs and channels, our guiding light, As Stellar's potential soars to new heights. But let's not forget, in this thrilling quest, To be mindful of risks, and trade with finesse. With calculated moves and passion in place, We'll conquer the markets, with grace and embrace. potential targers tp1 0.0955 tp2 0.1070 tp3 0.1205 DONT FORGET TO SET SL below 0.074
Long
by DepecheGST
4
XLMUSDT pullback to daily support for attempt at monthly resistThe price is currently trading below a confluence of monthly and weekly resistance. It had an attempt to break this resistance a few months back but could not succeed and it fell back to the weekly support again. That support provided the strength and the price bounced again to that confluence of resistance. The price is again facing pull back from that resistance zone MR1+WR1. I believe that pullback will make the price land on daily support DS1 and will bounce from there. I expect the price to attempt at the MR1+WR1 zone again from the bounce from DS1. Lets see if it can break this. In case it does, the next target shall be monthly resistance MR2 which is sitting around 0.197-0.229. The price may struggle for a while around 0.145 on its way to MR2 in case it breaks the MR1 resistance.
Long
by angela_altair
XLMUSDTHello Crypto Lovers, This is a 1D frame analysis for XLMUSDT After hitting the second support line, the price had a slight dip but the buying pressure pushed the price back up above the support line. Since then, the price has been able to gain 38% progress. Currently, the price is facing the first resistance line and there is a possibility of a correction if it fails to break above it today. However, if it is able to break above the first resistance line, we expect it to progress towards the second resistance line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
1
Litecoin Ready for $600 as per "W" Pattern ?Litecoin Technical Analysis #Litecoin is currently trading at $85. As per the chart, I am expecting some upward movement before the #LTC halving, followed by a further downside move. The maximum upward movement could be $130, while the downside move could reach $50. A price of $50 would be a great buying opportunity for the long run or the next bull market. The 3-week chart is showing a "W" pattern, and if this pattern repeats, we could see CRYPTOCAP:LTC reach a high of $500-$600 in the next bull run. Support Levels:- $50 Resistance Levels:- $100/$130/$214/$275
BITSTAMP:LTCUSDLong
by CryptoPatel
1
🔥 XLM Best Multi Year Trade With Massive Reward!This trade is based on the idea that the bear market bottom is in for XLM and that it gradually increase in value until the next bull market top. As seen on the chart, we can draw a bullish channel on XLM's price chart. The top of the channel is the target, the stop is just below the channel's support. This trade has a massive risk-reward ratio because it's a long-term trade, think multiple years. If you have the patience, this trade could be something for you!
Long
by FieryTrading
7