Stellar Lumens XLM Is Getting Closer To a Huge BreakoutHi friends hope you are well and welcome to the new update on XLM.
Big down channel:
On a weekly time frame, from Feb 2018 to April 2020 Stellar formed a very long-term down the channel.
Huge BAT move:
During the formation of the aforementioned down channel XLM also formed a very big harmonic bullish reversal BAT pattern, which I also shared with you in 2020 as below:
www.tradingview.com
After the completion of the above BAT move, XLM surged around 1000%.
Another big falling wedge pattern:
Now again on a weekly time frame, during a big drop XLM has formed a big falling wedge pattern. The priceline entered the wedge on May 21 and still moving in this big falling wedge pattern. Now the movement of Stellar has been squeezed inside this huge pattern.
The key support and resistance levels:
XLM has already tested key support of $0.10 and if it breaks out the big wedge then the next key resistance will be at $0.12.
Descending triangle:
On a daily time frame, for more than 4 months XLM is moving inside a descending triangle, and now the movement of the price line is also getting squeezed inside this descending triangle, therefore, soon we can expect that priceline may break this triangle. If Stellar breaks down the support of this triangle then the target to the downside is at $0.045, however, we have key support at $0.10, therefore, it will be really very difficult for XLM to break down this support, and in case of break out the triangle’s resistance, the target to the upside is approximately $0.18. In that situation, Lumens can also easily break out the wedge and also the key resistance of $0.12. By the way, the target for the break out from a big falling wedge pattern, which has been formed on a weekly time frame is approximately $0.75.
Conclusion:
After a big drop XLM has formed a big falling wedge pattern and now the movement is quite squeezed that is another signal that soon the priceline can break this pattern soon. As it is a kind of repetitive move like XLM previously formed from 2018 to 2020, therefore, we can expect that this time Stellar can start a big rally after breaking out this huge pattern.
Xlmbtc
XLM/USD - Can XLM explode like XRP? YES! 😍XLM is lagging behind XRP in terms of price action. You can call it the little brother of XRP.
XRP consolidated in a similar channel and then broke out with a 50% pump.
I expect XLM to rally hard once it breaks this channel. The price action and volume show that buyers are interested.
My bias is bullish on this price action. Not sure why XRP and XLM are bullish in the current market conditions, but I am not here to judge, but rather to analyze the price action.
XLM looking quite decent here, but watch for a possible rejection again at the key resistance level.
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STELLAR (XLM)A bullish cross of 1D 50MA with 200MA could bring XLM into 0.000006 BTC area. That's the spot where 3D 200 EMA is hanging.
Again, let's see at once how BTC is developing, I think if it rise in 35k area could bring a positive sentiment to the market, even for short time though.
I am stuck with it since Jan therefore I need a bounce. 👆🏻
Best regards everybody.
Stellar (XLM) formed bullish Gartley for upto 12.50% moveHi dear members, hope you are well and welcome to the new trade setup of XLM .
Previously I shared a long-term trade setup for XLM , which is still in play:
Now on a 4-hr time frame, XLM has almost completed a bullish Gartley pattern. There is also a hidden bullish divergence, as the priceline is forming a higher low and Stochastic is setting a lower low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Stellar XLM - Huge dump is incoming! Falling wedge + triangle
On the daily/3D chart, we have a pretty strong bearish downtrend. We just hit a brand new low a few days ago, so it's really not looking good at all.
We can spot a triple bottom, which is usually a sign of a descending triangle pattern or a rectangle continuation pattern. There is a lot of liquidity below this level and the market usually comes for the stop losses.
The chart is printing a falling wedge and a local descending triangle. Both of them have a bearish bias until we break these patterns.
We deeply need to go down for the final fifth impulse wave to complete this ABC correction. Because otherwise, if we pump now, then this structure was an impulse and it's going to be a dead cat bounce rally, followed by another bear market below 0.026 USDT.
XLM is a great coin and I believe we will have a massive pump in 2023-2024, but for now it's still bearish and we need more confirmation to buy this altcoin.
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XLM - beutiful wedge inside wedge !There is a beautiful broadening bullish wedge forming (blue line) that has recently broken to the upside.
Confirmation has been signaled and price is in backtesting mode.
This broadening descending wedge is developing inside a larger pattern: a broadening bullish wedge (not descending but broadening to down- and upside).
All this happens on the BTC pair.
My take is that once Altseason gets going XLM will be one of the most explosive coins in the market.
XLM not looking goodXLM picked up no steam on ETH pump, ETH sentiment looks bad now XLM could drop to .07 from here, as sad as it is this is the time to be selling, ill be selling ATLEAST half of my positions on this small supportive bounce, I think this support will be invalidated and we could test lower to levels of .09 first then to .065. A move above the supportive red line would invalidate the bearish scenario
Stellar XLM - Prepare your buy orders! + 0.618 FIB + Wedge
XLM is very close to the 0.618 FIB retracement of the huge Impulse wave from 2020-2021.
Also the price is close to a massive horizontal support line from 2020.
I expect last wave to the downside to finish this downtrend and then I can see at least a retracement back to 0.25 USD.
As per my Elliott wave analysis - an impulse wave to the downside is almost completed as you can see.
If we take a look at the volume indicator, we can see there is absolutely no bearish pressure, which is always great to see.
On the weekly chart we can spot a falling wedge - bullish reversal pattern and the price is currently near the support line.
You can set a limit order to buy XLM at 0.0888 USD if you want to speculate on this move.
Look at my ideas about interesting altcoins in the related section down below ↓
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Stellar 100% Potential Mid-Term (Weekly Timeframe)We have strong signals coming out of this chart in favor of the bulls, let's look at those.
This is XLMBTC (Stellar) on the weekly timeframe; aka. Long-term.
First, notice the broken downtrend-line.
This trendline marked a bearish trend that lasted more than a year.
This bearish trend has been broken.
Second, we have a long-term higher low, since December 2020.
1.5 Years and the old support wasn't even tested, this is a strong signal in favor of the bulls.
Trading volume continues to increase week after week.
Above 9-May's low (0.00000391), we are strongly bullish and expect additional growth.
Below this level, we stop any trading at a loss.
Namaste.
Stellar Goes Bullish Long-Term (100% to 190% Potential Targets) Notice the blue down-trendline on this pair, XLMBTC.
We can see prices moving above this trendline this week, breaking a major downtrend.
We have a long-term higher low (since December 2020).
A very strong RSI (55-Weekly).
The MACD going bullish.
We can also appreciate prices moving above EMA10 and EMA50.
The blue square at the bottom is our support.
This is where we set our stop-loss.
More details on the chart (targets).
Namaste.
XLM / BTC Main trend. Channel. Accumulation 2.5 years.Coin with the longest accumulation of 2.5 years. I work in this accumulation from the moment of its formation. The step of this channel is 100% (previously 55%) At the moment the price is at its lower zone.
Coin in coenmarket: XLM
XLM/BTC The channel of the position set 2.5 years.
Stellar (XLM)- June 14hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(XLMUSD 1W Chart)
Below 0.124080 is likely to be a mid- to long-term investment area.
Therefore, the key issue is whether it can rise above 0.124080 to receive support.
(1D chart)
In the short-term and medium-term perspective, it needs to rise above the 0.124080-0.132063 section and find support to turn into an uptrend.
However, since a volume profile section is formed around 0.164204, it can be said that it is completely converted to an upward trend only when it rises above this point.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Stellar Lumens XLM Is Using The Support Of Previous TriangleHi friends, and welcome to the new update on Stellar.
Big wedge and key support:
On a weekly time frame, XLM has bounced from the key support of $0.12 and the support of a big falling wedge pattern. This move can also be seen on a monthly time frame.
After breaking out this wedge the next move can be up to $0.75, which is the top of this wedge. Before this XLM had already broken out a big channel as well.
Symmetrical triangle and external supports:
On a 4-hr time frame, Stellar has broken down a symmetrical triangle. But it has still a down trendline support and the previous triangle's support is also still in play. Therefore,
there is a probability, that XLM will breakout the resistance of the triangle using these supports. After the breakout XLM can also break out the next resistance of $0.154.
Conclusion:
Even though Stellar has broken down the triangle but some external supports are in play therefore, there is a possibility that stellar will breakout the same triangle whcih is broken down.
#XLM/USDT 30M CHART UPDATE !!Welcome to this quick XLM/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for trade:- XLM is trying to break the major resistance of the $0.15-$0.155 area. The support is $0.140-$0.142 area and we see a retest of this area. You can try to add some XLM near the support area with tight stop loss.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Stellar (XLM) formed bullish Gartley for upto 2460% rallyHi dear patrons, hope you are well and welcome to the new trade setup of XLM.
On a monthly time frame, XLM has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
#XLM/USDT BEST ENTRY GREEN ZONE AND 35% PUMP AND STF !! !Welcome to this quick XLM/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-XLM/USDT symmetrical triangle pattern conforms and break the upper trend line and retest buy the green zone.
Entry:-$0.13280,$0.13575
Traget:- 35%
Stoploss:- $0.12830
with laverage 5x to 10x
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Stellar (XLM) - May 12hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(XLMUSD 1W Chart)
If it falls below 0.124080, it is expected to enter the mid- to long-term investment zone.
(XLMUSDT 1D Chart)
If it falls below 0.1240, it is expected to enter the mid- to long-term investment area.
However, it can touch the 0.1090 area and rise, so careful trading is required.
A move above 0.1597 to find support is important for a transition to an uptrend.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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