XLM
Welcome Back, Stellar! (XLM)An oldie but goodie, Stellar continues to chug along in the crypto space. Back in the Spring, I speculated that we could see XLM reach a new ATH before Bitcoin began correcting, but this was unfortunately not the case. I did, however, manage to nail the bottom on this one during the previous bear market. Some of those posts are linked at bottom. Here's the main one:
I think these next few months will provide the last chance for XLM to make a new all-time high and prove a long term uptrend. If Bitcoin makes a new ATH and XLM still fails to break and hold above $0.80, it can make a full retrace of the entire rally, and end up back in the major support zone, between 2-5 cents. In either case, XLM can decline a little on the XLM/BTC ratio prior to its largest move. As I mentioned recently, Bitcoin dominance may need to continue increasing as Bitcoin takes over the market for a time.
So, it'll soon be make or break time. The uptrend channel support has held quite well, and 20 cents seems to have become strong support. I still think it's possible for XLM to reach $5, and perhaps briefly above. The coin got some good news today, in the form of a Moneygram partnership. As regulators crack down on centralized exchanges, the Stellar DEX remains quite a useful (and virtually feeless) option. There are some interesting assets on the DEX as well, such Smartlands (SLT) and Aquarius (AQUA), which is essentially the Uniswap of the Stellar blockchain. Stellar has more functionality than many like to believe. It's time it proves itself. Still a big fan. Let's see what happens. If XLM pumps quickly to the top of the ascending channel, that would put price right back at $0.80.
Again, on the bearish side, I don't want to see price break below the uptrend channel, and I don't want to see XLM underperform again if Bitcoin makes a new all-time high. XLM can move up quite fast, as we've seen before.
This is not financial advice! This is meant for speculation and entertainment only.
-Victor Cobra
XLM @ Price Action Cross-Roads Price tested support trendline. Currently testing 0.36 region short term resistance. Waiting for price to break & retest support to long, or price breakdown below trend line and previous low to short. Lots of overlaying support areas including 0.618 fib. Expecting bullish price action. Just so happens XRP is also retesting medium term support. Same analysis on XRP.
Looking to 100x?Start stashing Stellar if you haven't already begun to do so. We've tested the resistance point at 0.7 and once we breakthrough that resistance, we will be flying up to the $35 zone to test the next resistance. Definitely a must have crypto for anyone looking forward to banking x100!
XLM the sweetest optionXLM
So if we are doing this mid October 17 fractal area idea and move it over to XLM it looks like this. And funnily enough it looks pretty bloody similar overall.
If ol Jed pulls this one off. Sheesh. I wouldnt underestimate him or the dynamic duo that is xrp/xlm. but xlm is xrp without the shady shit. plus Jed has been harvesting all those unlimited xrp gains for the last bloody 10 years or whatever it is now. Dude is low key able to buy whole countries at this point.
I am loaded in case this happens. I've been wrong twice now on this one. 3rd times a charm baby.
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XLM ! Swing trade.XLM is looking great with Support on MA. Once we see this breakout we can see reaching previous Resistance. We need more Squeezing.
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XLM - Future Projection SeriesIf you’ve read any of my previous “Future Projection” posts, skip down to the conclusion as these paragraphs are the same.
During the downturns in the market I spent time learning more about utilizing the charting functions in TradingView. I also watch a lot of youtube vids about crypto and charting concepts. I came across a good chunk of info on using the “log” function and what it could possible show me.
At this point in the crypto cycle, even though I feel we are nearing a parabolic stage, it is beyond the point to expect 50X or more from me or any basic Joe who “dabbles” in crypto investing. Think long term. What can I realistically (if that even exists in Crypto) expect a coin to perform in the next bull run. Well the log function gives me a level playing field to do just that.
Using the log function, I utilize a common start date as the beginning of my parallel channel. That date is the big drop Mar/20. The parallel channel runs from the bottom of the Mar/20 drop forward in time along the bottom dips. The top of the channel is the highpoint in the cycle.
The first future projection is created using the green trend lines, the first from the top of the cycle peak to the bottom, and another from that lowest point up forward in time to what I estimate as the timeframe for top cycle which approximates end of Q4, and my birthday Jan/7 so thats the future date for all graphs in this series.
The second future projection takes ratio’d growth into consideration. This is done using the blue trend line which starts at the first peak after the Mar/20 drop, using the top of arcs as the guidance. I carry this line forward to Jan/7.
Conclusion; At the time I drew this one the price was $0.38
First Projection $2.28
2.28 / 0.38 = 6 X
Second Projection $8.18
8.18 / 0.38 = 21.5 X
Now for a regular old fellow such as myself, a 6 to maybe 21 X on my money within the next few months is a good investment. It literally involves 2 trades. Timing is not a great big deal as long as you get in near 0.38 otherwise the X factors changes a lot. Timing to get out is the top of the curve. This is a day time factor. It’ll be “at the top” for days or a week. You’re not chasing a pump or a knife here, its a month(s) trade. Or a parabolic week so watch close.
I’ve done this for a lot of coins now and the results are sometimes very interesting in that, a popular coin just doesn’t have the numbers or that it really has good numbers. I found as an average I like results in the 5 or above range for the first projection and 15 or above for the second projection. If I utilize this investment concept and choose coins with similar numbers I can reasonably expect a 10-15 X overall. I’ll post a few others I find interesting for this bull run in the coming posts.
My thoughts, not advice Oklah. Cheers
$XLM Stellar looks up higher! Stellar Lumen $XLM
Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems, and individuals quickly and reliably.
In range now and good to add to your portfolio IMO.
Let me know what you think!
DYOR and take profits.
XLMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you can see, the price has started to move up after hitting the support line that we had drawn, and now the price is fluctuating on the resistance line.
We expect that after breaking and stabilizing above the resistance line, it will be able to move towards the target we have identified.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck