Xlmbtc
XLM Buy a break setup.XLMUSDT - Intraday - We look to Buy a break of 0.4152 (stop at 0.3966)
Daily signals are mildly bullish.
Pivot resistance is at 0.4120.
A break of 0.4120 is needed to confirm follow through bullish momentum.
The primary trend remains bullish.
Our profit targets will be 0.4665 and 0.4886
Resistance: 0.4120 / 0.4350 / 0.4700
Support: 0.3880 / 0.3800 / 0.3560
Run up - Correction - Run up. XLMA run up, correction and another run up, this how XLM does it.
Now it seems like the price of XLM is at the edge of the correction as the 20 and 50 EMA are getting very close to each other which will now eventually lead into a buying volume spike that can result in 100% gains in a matter of few days.
This is the way XLM likes it, drop below support and explode out of nowhere.
Indicators.
Even though the price likes to explode out of nowhere, indicators can give us a bit more info.
Let’s take a look at volume indicator, as this is the one example where taking a look at volume can give you some clues. The volume is really low.
Isn’t that bearish? No, it’s actually pretty bullish.
A lack of volume for such long time is a sign of a calm before a storm. Boring sideways movement before a major rise.
RSI is low enough to see a demand spike. A drop below 40 will likely lead to a bull run. But if RSI stays below 40, that would not be good for the price.
MACD is in a second selling wave, however the selling volume is very limited.
Overall trend based on EMA levels is an uptrend, but the price is currently below 50 EMA which is not ideal in normal conditions, but XLM is looking for such situations as these oversold levels attract buyers.
XLMUSDT (STELLAR) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- XLMUSDT brokeout above the descending trendline resistance and retraced
- Price is testing the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- Price action is printing the falling wedge (FW) pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
- This breakdown will probably lead to the retest of the horizontal support level (S1).
- Which if it holds, will lead to the formation of the double bottom bullish reversal pattern.
Digging Deep XLM/BTC #Stellar #XLM $XLM Here we see our XLM Btc 1 hour chart on Binance . As you see we have dipped way down here into the 700 area. We have hit another TD Sequential 9 in red here and should really see a turnaround come soon . I'd wait for confirmation but a target above us seems to be 836 - which would be that red line above us. That's part of our VPVR indicator and the red line is an area of confluence and should be a target above us where we will be going at some point. I still think there is a large Cup and Handle structure forming on this XLM chart on the higher timeframes but here we see the chart is bottomed out . When this finally turns up the targets above should be our fibs which are =
1926 - that's our .236 fib
2862 - that's our .382 fib
3619 - that's our .5 fib
4375 - that's our .618 fib
4939 - that's our .786 fib
there may be a pullback somewhere near 37xx since that could be the lip of the cup - but Xlm can see returns to All Time Highs this year . Thank you.
XLMBTC is in strong support level nowWe were analyzing XLMUSD graph but it looks there is no meaning to watch against USD. REal effect comes from XLMBTC correlation.
In XLMBTC It looks that we have two strong support now "0.0000076" and "0.0000078" will support to increase but also decreasing trend push from up and now we are end of the triangle now. So XLMBTC will chose the way.
BTC is going well, therefore i am positive for long position.
$XLM/BTC 4h (Binance Spot) Trendline BreakoutStellar at Support and Broke out of the Downward Trend Line
Current Price= 0.00000814
Buy Entry= 0.00000804 - 0.00000816
Take Profit= 0.00000983 | 0.00001106 | 0.00001259
Stop Loss= 0.00000785
Risk/Reward= 1:6.92 | 1:11.84 | 1:17.96
Expected Profit= +21.36% | +36.53% | +55.40%
Possible Loss= -3.08%
Estimated Gain-time= 1 month
use Maximum 10 % of the Account
XLM, BTC, and the Parabolafolks, I was a bit nervous a few times these past few days I won't lie. However, it truly does seem as though the parabola is back on which means be VERY careful when trying to scalp peaks, because you can and will lose your ass in the doing. The only advice I can give is to HODL from this point until XLMBTC hits the .1075e-4, .1150e-4, or .1200e-4+ ranges. Other than that trade within your own risk comfort.
One thing that I noticed today when XLM went from .42 to .436, seemingly out of nowhere, was that I was afraid it would continue to leg up from that location. Turns out, that only happens if BTC itself isn't in a high rise movement. Something to keep in mind to put your mind at ease if you see a double top with what seems like a parabolic movement. Even so, be very careful.
As always these are just my ideas and nothing here is financial advice! Happy trading!
Stellar (XLMBTC) – Coin of the weekStellar is a network that focuses mainly on disrupting existing payment providers by boosting financial inclusion and reaching every human that doesn’t have a classical bank account. The network’s token, lumens, is making the transfer of assets from one country to another less expensive. The founder of Stellar is none other than Jed McCaleb, who previously was the CTO of Ripple and left the company in 2013 when he had a disagreement with the company about its future.
Technically, we reached a top on February 13th at the price of 0,00001268 BTC per Stellar and now we are in a corrective move that has a high probability of continuation. Principal areas to watch for the price reversal are the support area at 0,0000070 BTC per Stellar and the all-time low creation. If the price reaches the all time low, that would be a great opportunity for investing in Stellar from a technical point of view.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Stellar (XLMUSDT) Technical Analysis 2021/03/05XLMUSDT is moving in an upwards sloping channel, and it is currently bouncing off / consolidating at the bottom of the channel. Should price bounce here, we can expect it to test the upside of the channel, which gives us a huge potential profit target.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
XLMUSDT (STELLAR) - POSSIBLE PRICE ACTIONS ANALYSIS 🔎
- XLMUSDT is resisted by the descending trendline resistance.
- Price is retesting the descending trendline resistance.
- Price action is printing a symmetrical triangle pattern at the retest zone.
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance and descending trendline resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance level (R1).
- Downtrend ⬇️: Horizontal support levels (S1, S2).