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#Stellar Finds Support, will XLM Break $0.130?Past Performance of Stellar Stellar prices were in green in September when most assets, including Bitcoin, posted losses versus a strong USD. At spot rates, XLM is under pressure, dropping in a bear breakout formation, as evident in the daily chart. Despite the rejection of lower prices on October 13, the coin is still down 13 percent from September highs. Bulls appear to be struggling against a strong wave of liquidation. #Stellar Technical Analysis XLM prices reversed from $0.107, finding support from the 78.6 percent Fibonacci retracement level of the September 2022 trade range. As the broader crypto market finds relief, optimistic traders may buy the dips above $0.107, targeting $0.130, which is this week's high, expecting XLM primary trend established in September 2022 to continue. This forecast will be valid if XLM prices rally from spot rates above $0.130. If not, any drop below $0.107 will continue the liquidation of early October, possibly forcing the coin towards 2022 lows at $0.100, a critical support level. What to Expect from #XLM? The crypto market is finding support, and XLM may rise with the tide. However, traders can wait for a clearer trend definition above this week's highs. This will cancel out doubts about the strength of the uptrend and resume the primary trend from mid-September 2022. Resistance level to watch out for: $0.130 Support level to watch out for: $0.100 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
XLM UPDATE!The whole crypto-market is going through a drop now however the correction should be over soon and we should start seeing the next bull run. Now, on my previous trading idea on XLM/BTC, I talked about how Stellar is showing a beautiful pattern of 'Cup and Handle' and 'Head and shoulders', please check that chart before trying to understand this. XLM has been forming the handle of the cup, where inside the handle it has been forming the head and shoulders pattern, left shoulder done, head done, right shoulder almost done. In a head and shoulders pattern, the price is expected to drop to the price where it just started forming the head or the shoulder, so the right shoulder started forming from the price of 0.00003460 BTC and for the right shoulder to finish and confirm the pattern it has to drop this price after which we should see MOONING/LAMBO/ROCKET! So, hold tight traders, a lot of opportunities upcoming in June, we should start seeing over 100% profit trades again! So for this trade, set your buys at any price below 0.000035 BTC and I am not selling till I hit 0.000058 BTC.
by farhadjafarov7
STELLAR LUMEN, GREAT POTENTIAL, BUY-IN OPPORTUNITY!Stellar Lumen, one of the top altcoins has just finished retracement and bounced back from the price range of 0.000038 BTC and is looking bullish again, it tested the first resistance at 0.0000043 BTC and fell back and found its support at 0.000041 BTC price range. If to follow the 5 wave procedure, it just finished wave 1 after it was done with retracement and is going for wave 2 however it already found its support so it will finish wave 2 soon and the start for wave 3 is coming soon.. Buy-in price: 0.000041-0.0000425 BTC Targets: 1. 0.000046 BTC 2.0.000050 BTC Stop-loss: 0.0000389 BTC P.S. If you are buying for long term HODL, I would strongly recommend you to buy this coin, Stellar Lumens is a solid project, competitor to Bitcoin with faster and cheaper transactions and has a very high potential even its all time high price of 0.000059 BTC price range is very possible to breakout soon when the market will be bullish which is now!
by farhadjafarov7