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Xlmbtclong

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.
Long
by TiborVrbovsky
14
XLM formed Gartley for upto 29% moveHi dear friends, hope you are well and welcome to the new update on Stellar. On the 4-hour chart, the priceline of XLM with Bitcoin pair has completed the formation of bullish Gartley pattern and entered the potential reversal zone. There is also 200 simple moving average support below the buying zone. This trade has a huge profit possibility up to 29%, and the loss possibility is 7.5%. 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.
Long
by moon333
1
STELLAR - I guess we picked the right onesSTELLAR XLX proving to be the right choice as one of the 2 favorite alternatives (with Cardano, same category). Allow me to repeat the fundamentals one more time : The chart is beautiful. Still far away from it's all time highs but showing a less volatile uptrend movement. Fundamentally, what my research has revealed is that STELLAR is very close to the 'Big boys'. Both the IMF (International Monetary Fund) and the Federal Reserve are close to Stellar and keep inviting it in their CBDC ( Central Bank Digital Currency) discussion panels. Could this non-profit organization become the pillar of Central Bank Digital Currencies? Possibly yes, so keep a close eye on it. Stellar is now definitely in my radar and I have already invested in it, recently. ps. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created. Nearly 20 billion lumens are out in the open market, and the Stellar Development Foundation retains the other 30 billion or so to develop and promote Stellar , per its mandate. Fundamentally, this is another 'plus'
SLong
by FX_Professor
3
XLM - Lumens Breaking Out Beyond Resistance, Get Ready!Taking a look at the price action on the weekly timeframe, I've been noticing the bullish price action occurring over the past few months. The price has been primarily contained below the 800sat level since July 2019. Any breakouts beyond this level were only temporary and eventually were pushed back below this resistance level by sell-side pressure. However, not only has XLM broken out beyond this 800sat level, but it could be breaking out of a very large falling wedge pattern (which is more evident on the smaller time frames like the daily). Weekly MACD and OBV indicators turned very bullish and volume has been steadily rising since November of last year, which could indicate that a major move is about to happen. With XRP on the sidelines as a result of the filing of the SEC Complaint, Lumens has the potential to position itself as a major player in the global financial market. For my portfolio, I will be making a long position here because I see a lot of upside at these levels.
Long
by jpbrown1023