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XLM/USDT - Possible Bullish W PatternHello traders and community, today I will tell you shortly about situation of XLM/USDT Trend analysis - As you can see from the XLM/USDT daily chart, we are currently going upside and completing bullish W pattern (yellow line) as most of other cryptocurrencies. Price of Stellar is going to test resistance level (red price zone: 0,51886), that's why we can see good opportunity for bullish trend. Support level (green line) stays near price zone of 0,375 and global trend is bullish as well. As a trader, I recommend to close buy position up to price level of 0,51 and also compare my possible scenario (white line on the chart) with your own strategy to be prepared for different situation. Always control chart for right signals before you start trading! Chart pattern - Bullish W pattern formation (functioning) Technical indicators - RSI: market is still in boarders and is located near 50 level (not overheated, Bull signal) - MACD: MAs are near 0 level + they are getting closer to each other (Bull signal prevail) - BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal) - MA (10,20): MA10 is going upward to the level of MA20 (Bull signal) = Overall bull signal movement Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention! Tell us about your opinion for making better decisions in trading :) P.S.: Information provided is only educational and should not be used to take action in the market.
Long
by PrizesRises
6
XLM/USD Update 4H Chart. $0.63 or $1?We have broken the teal resistance at the same location as the 4H most recent high, came back down for a retest/confirmation and bounced. Then we tested teal again and bounced. Now it is looking like we should push up. Target around $0.63 (resistance line of previous highs) as well as the 1.618 Fib level. A more optimistic view and not terribly unlikely could see us break the previous resistance line and hit around $1 (Psychological level to sell at I imagine) then fall back to the blue (previous high line) to confirm as new support line before heading to a few dollars. At this point I am honestly leaning more towards the $1 level and a breakout since it is looking a lot like alt season and tons of big money is pouring into crypto. If teal breaks down, expect a drop to pink then potentially green line, but personally I lean towards the bullish outcome.
COINBASE:XLMUSDLong
by bwymore
4
XLM - 4h. the number of sellers in the market is increasing.It took three days for buyers to raise the price of XLM by 20% . It took the sellers one hour to lower the price to the starting price. Such facts make one wonder what could happen to the crypto market in the event of a sharp correction . Given the rapid uncorrected growth of BTC - this probability is quite high. However, buyers have now managed to keep the price within limits that allow them to continue to grow. If the new attack of sellers will be at low volumes - it will signal a new wave of growth with a target of $0.46-0.467. However, if BTC buyers will not be able to keep the range of $43300-43700, the probability of breaking through the blowout 0.368 in the XLM market is quite high. In this case, the price will fall sharply to $0.328. be careful and successful bidding! __________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
13
XLM - 4h. Buyers are preparing for test $0.36For almost a month, the XLM market continued to correct a strong wave of growth, which buyers organized in early January. The price of XLM was moving smoothly in the global triangle. On January 27, buyers managed to break through the top line of the consolidation triangle and start a new wave of growth. As you can see in the chart, the main problem of buyers - the mark of $0.36. It is in this mark that sellers aggressively changed the direction of price movements three times. However, cbuyres support is so strong that it allows you to continue the attack of this mark every time. At the moment, buyers are preparing to break and consolidate above the mark of $0.326 to continue to grow to $0.36. The critical point of this scenario is the range of $0.307-0.31. After breaking it, sellers will take the initiative in the XLM market and lower the price to $0.276. This scenario will lead to continued correction in the XLM market. But what are the global prospects for this coin? See in our global idea: ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
4