XLM
XLM:ONE OF BEST PROFITTABLE CRYPTO CURRENCY|NEXT TARGET $44.000⚡Hi everyone, today we analyze this incredible crypto that gave us many satisfaction. XLM Stellar is a chain fork optimized for real-time FX transactions. Lumens (XLM), the native platform criptocity is used as an intermediate currency for cross transfers. Transactions trans-assets are made possible via "anchors", which pose currencies on the network by acting as reliable entities that hold deposits and can issue credit. The stellar network charges in a small fee at each transaction to prevent spam attacks and has a 1% fixed inflation rate a year.
XLM presents a positive correlation with the BTC of 80 points, we can say very high. From the 21st Jul, the value of this crypto has risen more than 100% following the bitcoin rally.
You can look at our ideas on the BTC in description. In the last sessions the price had closed inside a triangle where in conjunction with the BTC that was inside another compression figure.Same for BTC both compression pattern was broken in the last 2 days.
In the graphics analysis you can see where we have positioned the target and stop loss.
What do you think ?
TP: 0.44
SL: 0.3231
XLM IS FINALLY READY!XLM has broken out of this triangle and retested it to confirm an upcoming bullish wave. MACD is divergent and exploring higher grounds in the positive zone. However, volume is still insufficient. Possible targets are highlighted in green based on price action history. These designated areas are where the price has struggled to flip in the past. If the momentum picks up, XLM could easily take on these levels. This trade could chalk up a profit of around 36%.
Keep an eye on XLM - Close to breaking out!Here's a quick look at XLM 6 hr chart. As we can see, the price has printed a bigger falling wedge and is about to break out!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone
1. 0.41$
2. 0.436$
3. 0.454$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
XLM shaping up pretty wellIMPORTANT: I previously posted this TA on the BTC chart by mistake. I'm sorry!
If you don't focus on current price action and watch at 4h chart you'll notice a triangle or a pennant is shaping up. This is good! Even if I can't show you too many indicators at the same time, current price sits on EMA 200 at 4h, watching at stochastic momentum I think it'll bounce from there.
If BTC doesn't dump hard, the chart will form a pattern and then pump, now would be a good moment to enter because you'll have both the possibility to enter for a short term trade (aim the trendiline as resistance) or just to sit on XLM and waid the breaking out of the pattern still in formation.
However I think BTC might go down further so I would enter XLM with only 30% of the money I wanna use. You know... just in case. From there wait to see price action, if I'm wrong on BTC you can enter with the rest.
Good luck!
XLMUSDT TECHNICAL ANALYSIS Stellar (XLM) hasn’t reach out last ATH yet. The candle is on the edge. If candle break out down trendline and resistance line and next candle open close above resistance line ($0.35), it may new opportunity for buy. Cloud just turned green colour as well. If you don’t want to miss anything, follow my chart closely.
“NFA”
Is XRP finnaly going to live up to its hype ? Well as we all know XRP/Ripple used to be and still is on of the most popular coins of recent years, but is it finnaly going to live up to its hype?
Looks like consolidation zone is already gone XRP showed caracter and stayed strong by the first major support and didnt fall unde $1.05 this time.
After a crazy begining of the year and falling down to $0.1 XRP looks better than ever. They "won" their lawsuit and now its time to show what its made of.
My thoughts are tha XRP is the most undervalued coin as its stands right now. If the lawsuit didnt happen i think XRP should've been right there behind LINK. But it is what it is and XRP is looking strong going out of its consolidation and ready for new ATH's.