XLM is basing for around 900 days !!XLM Stellar looks very attracting to me !!
On the BTC pair Stellar has been basing for around 900 days and is now touching the significant 520 sat level where the price has been trading with a historically high volume.
On balance volume has never given back the big surge that it has made during the last bull market.
Stellar has been very quiet and working behind the scenes.
It has recently acquired Moneygram and will soon open up cash corridors in 12 significant countries.
I usually use Moneygram service to send cash to my relatives in Mexico - it is a cheap and fast solution.
Actually they are integrating the Stellar blockchain.
They have a 150 million plus customers.
As y said price is flirting with the high supply price of 520 sats. It could go lower of course but the entry point is great.
During the last bull run it had a first run up (May2017) and the moving avarages crossed back down (yellow circle).
However the second surge was for real.
This 2022 is THE year.
Xlmbtc
#XLM/USDT#XLM
The price moves in an inverted head and shoulders pattern
The right shoulder is now complete
Wall is expected for the upper border of the shoulder
We have a higher stability moving average of 100
We have bullish momentum on the RSI and an uptrend
We have a current breakout of the channel to the upside
Entry price is 0.2500
The first target is 0.3000
The second target is 0.3500
The third goal is 0.4000
#XLM/USDT#XLM
The price is moving in a descending channel on the 1-hour frame and is holding it tightly and is about to break out to the upside
We have a bounce from the lower limit of the channel at 0.0900
We have a bearish trend of the RSI that is about to break out, which supports the upside
We have a trend to stabilize above the 100 moving average
Entry price 0.900
First target 0.0920
Second target 0.0988
Third target 0.1031
XLM/USD: Recent Bearish Candle on 45-Minute Timeframe Stellar Lumens (XLM), the cryptocurrency known for its fast and inexpensive cross-border transactions, has recently displayed a bearish candle on the 45-minute timeframe. This has sparked some worry among traders, prompting questions about a potential downturn for the XLM/USD pair. Let's delve into this recent development and analyze its significance within the broader context of XLM's price movement.
Understanding the 45-Minute Chart
The 45-minute timeframe offers traders a short-term view of the market, focusing on price movements over a 1.5-hour interval. It allows for a more granular analysis compared to daily or weekly charts but provides less historical context than longer timeframes. A single bearish candle on the 45-minute chart signifies a price drop within that specific timeframe. However, its significance depends on several factors.
Dissecting the Bearish Candle
The interpretation of the bearish candle hinges on its characteristics. Here's what to consider:
• Candle Size: A large bearish candle with a significant price drop carries more weight than a small one with a minor price movement.
• Volume: High trading volume accompanying the bearish candle indicates stronger selling pressure, potentially amplifying the downtrend.
• Position in Trend: If the bearish candle appears during a downtrend, it reinforces the bearish sentiment. Conversely, a bearish candle following an uptrend might be a short-lived pullback.
Is this a Sign of a Trend Reversal?
A solitary bearish candle on the 45-minute timeframe shouldn't be interpreted as a definitive sign of a trend reversal. Here's why:
• Short Timeframe: The 45-minute timeframe captures a limited snapshot of price movement. Broader trends are often better identified on daily or weekly charts.
• Market Noise: Short-term price fluctuations can be caused by various factors, including random market noise or temporary imbalances in supply and demand. These may not translate into a sustained downtrend.
Looking at the Bigger Picture
To assess the potential impact of the bearish candle, it's crucial to consider the following:
• Overall Market Sentiment: Is the broader cryptocurrency market experiencing a correction, or is the bearish candle specific to XLM?
• Technical Indicators: Analyze technical indicators on higher timeframes (e.g., daily charts) to identify potential support and resistance levels.
• Fundamental Factors: Are there any upcoming events or news stories that might influence XLM's price?
What to Do?
Traders with open XLM positions should monitor the situation closely. Here are some possible actions:
• Hodl (Hold On for Dear Life): If you believe in XLM's long-term potential, consider holding your position and waiting for the market to stabilize.
• Set Stop-Loss Orders: Setting stop-loss orders can help mitigate potential losses if the price continues to decline.
• Increase Investment (For the Bold): If your risk tolerance permits and you believe the bearish candle is a temporary blip, this could be a buying opportunity. However, exercise caution and only invest what you can afford to lose.
Conclusion
The recent bearish candle on the XLM/USD 45-minute timeframe is a cause for short-term observation, not necessarily panic. Analyze the broader market trends, technical indicators, and relevant news to make informed trading decisions. Remember, cryptocurrency markets are inherently volatile, and short-term fluctuations shouldn't overshadow XLM's long-term potential as a utility-driven cryptocurrency.
$XLM looks to repeat 2016-2017 price action?Look at the price action of 2016-17 and look at the current price action.
I just wanted to highlight the main points of correlation.
The trend lines are clones from the 2016 price action and fit well into the current price action.
The fractal is what the price action could be if it follows the pattern of 2016-17.
First major move top target is 1.8-2.8
Second major move top target is 18-28
The previous two cycles in XLM had major moves only after the bitcoin halving. Could this time be different?
If the time frames are to coincide with the 2016-17 price action, we should see the first top in 4 days, so that is by, April 17th.
I'm indifferent whether it happens or not, I'm just grateful to notice the similarities in the price action and be able to share this with the world.
#XLM/USDT#XLM
The price broke the downward channel and began to rise after breaking the downtrend with oversold saturation
The current price is 0.12800
Initial target 0.1328
A restriction that results in a correction in the price and then goes to
The second target is 0.14460
Then the third target is 0.16930
This rise is supported by oversold conditions
XLM looks bullishAfter branch i, which was the last symmetrical branch, the price has entered an upward phase of great degree, and now wave A and wave B of this phase have been completed. It seems that we are at the beginning of the bullish wave C.
From the green range, it is prone to jump up
If it reaches the green range, you can look for buy/long positions.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XLM/USDT upward momentum riding bulls wave? 👀 🚀 XLM💎 Paradisers, brace yourselves for an exciting turn with #XLMUSDT as it encounters resistance at the supply zone, paving the way for a potential bullish surge from the demand level.
💎Through market cycles, we've observed how previous supply zones have transitioned into areas of demand, driving prices higher. Presently, with #XLM challenging a key supply area at $0.1373, there's a promising outlook for a bullish shift from this point. The asset's solid stance above the ema55 further hints at an upcoming increase.
💎 Conversely, if CRYPTOCAP:XLM falls beneath the $0.1373 level, it might signal a move towards bearish waters, prompting a strategy reassessment. A bullish push from a secondary demand point at $0.1120 could be anticipated, yet breaching this could lead to further declines.
#XLM/USDT#XLM
The price is moving in a downward channel and sticking to its limits well
It was penetrated upwards forcefully and was stabilized above it
We have a higher stability Moving Average 100 in red
We have an uptrend on the RSI that the price is following well
Further upside is supported
Entry price is 0.1223
The first target is 0.1275
The second target is 0.1329
The third goal is 0.1388
An inverse head & shoulders pattern formed in XLM.Today was an incredible day for many cryptos, and not so much for others. But one thing you can be sure of is that XLM has been spending the past two weeks forming a perfect head & shoulders pattern on the 30 minute chart that, assuming it plays out bullishly, is almost near the take off point!
If price action breaks out of the dashed white line at the top of the wedge pattern, we could see a dramatic price increase in the coming weeks. This could also be a great sign that XLM could be well on its way to gaining ground, and starting a new bullish trend in the mid to long term.
Good luck, and always use a stop.
XLM will likely drop an additional 25% before it rebounds.XLM appears to be working its way to the bottom trend line of the wedge pattern that has formed on the daily chart. If it does, it will likely bounce, and make a run for the top trend line of the wedge pattern. This could present many opportunities for day/swing traders, and make it easier to determine entry and exit points if it plays out.
Good luck, and always use a stop.
XLMUSDT 1W LONG📈Hi all. Timeframe 1 week. Stellar is globally in an ascending channel and is currently flat at its support. A fractal repetition of growth to the upper boundary of the channel is possible. I'm considering placing on spot now, and long on breakout/retest, depending on your type of trading. Marked goals and levels on the chart.
The rise of the XLM remainsThe XLM currency has been undergoing a correction for some time. The latter formed an upward wave with the market and then rested for a while.
By checking the XLM chart, it can be seen that the XLM should end its break and then move upwards again.
We have a diametric pattern that can go up for the F branch, the XLM symbol. By maintaining the green zone, we can see the upward movement of XLM.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XLMBTC - Potential Horizontal BottomThis is the BTC pair for XLM
As you can see it is settling just above a horizontal line in white that has been seen as support (in green circles)
I expect to the breakout to be quite aggressive just as the prior ones, hence the bars pattern in green up to the horizontal resistance level.
XLM/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Stellar (XLM) was also in the green in today’s session, after two consecutive days of price declines.
XLM/USD peaked at 0.1154 earlier in the day, which comes less than 24 hours after falling to a low of 0.1122.
As a result of the decline, bulls continued to push the token away from a recent floor at 0.1100, and back on course toward resistance at 0.1320.
Today’s rebound was helped by the RSI reaching a floor of its own at 37.00, and it is now tracking at 39.87.
A ceiling at 44.00 now awaits bulls and could be the main hurdle preventing further gains this weekend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
XLM/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- On the other side of the spectrum was stellar (XLM), which dropped by over 8% in today’s session.
XLM/USD bottomed out at 0.1195 on Wednesday, less than 24 hours after residing at a high of 0.1318.
This drop in price saw the token fall for a third consecutive day, falling below a floor of 0.1200 in the process.
It appears that today’s sell-off coincided with the RSI failing to remain above a point of support at 49.00.
Price strength is now tracking at 44.53, with the next visible zone of stability around the 37.00 region.
In the event that this level is reached, XLM will likely be trading under 0.1100.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Stellar (XLM) rose to a three-day high today, as bulls continued to target a key price ceiling.
XLM/USD hit a high of 0.1271 earlier in the day, less than 24 hours after trading at 0.122.
The move comes as the 10-day (red) moving average approaches an upward crossover with its 25-day (blue) counterpart.
This is the closest that stellar traders have come to taking the price over a resistance zone of 0.1300 since Tuesday.
Today’s surge came as the 14-day RSI broke free of a ceiling at 49.00, moving to a current level of 51.08.
earlier gains have marginally eased, with XLM now trading at $0.1253.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XLM was one of the biggest movers, as the cryptocurrency rose by as much as 7% in today’s session.
After trading at a low of 0.1147 on Sunday, XLM/USD moved to an intraday peak of 0.126 earlier in the day.
This surge sees a stellar climb higher for a second consecutive day, following a rebound from a floor of 0.110.
Earlier gains have already begun to ease, which comes due to the relative strength index (RSI) colliding with a ceiling of 49.00.
the index is now tracking at 49.48, with the next point of resistance around 54.00.
Overall, bulls seem to have set their sights on the 0.135 level.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you