XLMUSD
ARIASWAVE MARKET UPDATE - The Everything Bubble is Popping!I have been going to great lengths in order to bring you a complete picture view of these types of changes that are happening in these charts.
Sometimes less is more.
During the process of writing my upcoming book I want to make sure that it ages well therefore I had to up my game.
The reason that it helps to know the exact patterns that have occurred in the past is that it will help you with improving the level confidence and about what moves you believe will happen next.
In the case of what we are seeing unfold now, it is like a perfect storm of patterns on these charts that really help confirm what the next move will look like.
In this case we are going to witness large impulsive moves that will rewrite history in terms of price and (or) percentage movements that break records and make history in the process.
Making the case for learning the waves puts you in control of your destiny instead of getting sucked into the constant and ever changing narratives and social mood biases.
I strongly encourage to challenge yourself to be able to read a chart like its second nature as it will clarify how you identify risks and opportunities.
I hope you enjoy this video and thank you for watching!
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Stellar (XLM) - May 12hello?
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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.
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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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XLMUSD ❕ triangleAfter exiting the range Stellar began to form a triangle.
After retesting the upper boundary of the triangle, trading volumes decreased again.
I expect that after fixing under the resistance level the volatility decrease may continue and we will test the lower boundary of the triangle again.
This Move Of Stellar Lumens XLM Can Be A Confirmation Of AnotherHi friends hope you are well and welcome to the new update on Stellar.
Broke down the channel and H & S:
On a 4-hour time frame, XLM formed a down channel and during the movement within the channel, the priceline also formed a Head & Shoulder pattern. Finally, XLM broke down the neckline of H & S and the support of the channel.
The target for the Head & Shoulder pattern to the downside was $0.15 and the price action even moved lower than this target. Right now the pricline line is moving up and if it will be rejected by
the support of the channel (which is now working as a resistance) then it can set another lower low.
Short-term support and resistance levels.
On a 1-hour time frame, there is $0.14 support and the priceline has bounced from there and now moving between the $0.15 support and $0.16 resistance levels. If it breaks out $0.16 the next
resistance levels will be $0.17 and then $0.18.
Huge falling wedge:
On a weekly view, Stellar has formed a huge falling wedge pattern and now moving down to the support of this pattern. If XLM tests the support of the wedge then it can drop at $0.12. But after
testing the support a big reversal move is possible.
Conclusion:
On a smaller time frame, If the priceline will not be able to breakout the support of the channel as resistance, then the next move can be $0.12. But on a bigger view, after testing the support of the wedge big bullish reversal will be started.
This Is Why Stellar Lumens XLM Should Be Your Top PickHey friends hope you are well, and welcome to the new update on Stellar coin.
Breaks down significant support:
On a weekly time frame XLM is breaking down a very significant support of $0.16. This $0.16 level has been working as strong support and resistance since Mar 2018. Now the next major
support will be at $0.12.
Broke down channel and H & S:
On a 4-hr time frame, XLM has broken down a down channel and a Head & Shoulder pattern as well. The target to the downside for H & S pattern was $0.15 and XLM has reached there.
XLM might test the support of big wedge:
On a monthly time frame, XLM is moving in a huge falling wedge pattern. Now after breaking down $0.16 support, it is possible that Stellar may retest the support of this wedge.
We should remember that previously when stellar broke out a huge channel we had around 1400% move and from the low to the high, that was about 3000% rally. Same is the previous move XLM can start another massive rally after breaking out this new falling wedge.
Conclusion:
Ona bigger time frames, stellar is moving in a falling wedge pattern, which is considered to be a bullish biased. Therefore, there is a high probability that after testing the support of
this wedge, XLM once again starts a long-term bull run.
Stellar Lumens XLM Dumped Once Again But Still Has Big PotentialHi friends hope you are well and welcome to the new update on XLM:
Fake out:
On a 4-hr time frame, a few hours back XLM was breaking out the down channel but infact it was a fake out. Because, after breaking out while re-testing the previous resistance of channel as support stellar has re-entered the same channel.
Long-term support zone:
Now there is a long-term support zone that starts from $0.18 and goes to $0.16. Right now priceline of Stellars is moving in this zone. This support area has been working as strong support and resistance since Mar 2018.
Huge wedge formation:
On the monthly time frame, there is a huge falling wedge has been formed. Previously in the same time frame, XLM broke out a big channel and started a big bull run. Therefore, after breaking out the current wedge we can expect the same move.
Conclusion:
On the short term, there is a sell-off, but in the long-term XLM has a huge potential to start a massive move.
Note: Above idea is for educational purpose only.
A Break From the Current Range Will Determine the DirectionStellar Lumens has been moving in a bearish trend since the summer of 2021, creating lower lows after periods of consolidation. Currently, the price is channeling in a horizontal range after breaking down from a descending triangle pattern early in 2022. The price now has once again arrived at the support level. For a bearish continuation, price needs to clearly break the support level of 0.1600. For a bullish reversal, price first needs to clear the resistance of the channel, which is 0.2400 level.
XLM could climb to 1.2 USDT in the long term - Sofi12zWhat is Stellar?
The open source decentralized protocol Stellar (XLM) makes it possible to transfer cryptocurrencies to fiat and vice versa. In order to, in other words, allow easy, instant and secure cross-border transactions between any pair of currencies. The development of this protocol is supported by a non-profit organization called the Stellar Development Foundation. Its monetary unit is called Lumen, and it is the native cryptoactive of this network.
This blockchain, unlike that of Bitcoin, is not designed to be used as a means of direct payment. Rather it is designed to be an intermediary in currency conversion. In this sense, it seeks to transform itself into a system that competes directly with Ripple (XRP). Simultaneously, Lumen is a non-minable cryptocurrency, and 100 billion tokens were invented in its early days. These tokens remain in the hands of the Stellar Development Foundation. This foundation is tasked with distributing 95% of the tokens. Divided between; random people (50%), ecosystem organizations or companies (25%), Bitcoin or Ripple holders (20%). The remaining 5% is reserved to conserve its operating costs and continue its development.
Beginnings of the Stellar Plan
The beginnings of this journey take us to Jed McCaleb, founder of the Mt. Gox exchange and co-founder of Ripple. He, with the jurist Joyce Kim, launched the plan in 2014. Shortly after, the Stellar Development Foundation was founded, in collaboration with Patrick Collison. Collinson is the CEO of Stripe, a company that runs an electronic payment system. In the end, in July 2014, Stellar was officially launched, with an initial investment from Stripe of $3 million.
Intended to raise the funds for development, the plan spawned an ICO (Initial Coin Offering). Throughout this ICO they managed to raise 39 million dollars and 100 billion lumens were deployed. After the triumph of this ICO, Mercado Bitcoin, a Brazilian exchange, announced its adoption in August 2014. Later, other exchanges began to admit the cryptocurrency on their platforms.
By January 2015, there were already around 300,000 customer accounts registered on its platform. Furthermore, its market capitalization exceeded 15 million. In November 2015, the Stellar Development Foundation released an entirely new update to the network. In this update, the new agreement protocol called SCP (Stellar Consensum Protocol) arrived. This was created by Professor David Mazières of Stanford University. It was entirely different from any other protocol known as PoS or PoW and offers unique properties
In May 2017, the commercial arm of the company was launched, its website and official name was Lightyear. In September 2017, a scholarship program was announced, which belongs to its Stellar Group Scholarship Program. Through it, the allies would be granted up to 2 million in lumens for the development of projects. In September 2018, Lightyear Corporation acquired Chain, Inc. and the combined company was renamed Interstellar.
It is currently one of the fastest growing platforms in the blockchain financial world, also counting on a continuous evolution of its technology.
Stellar technical characteristics
Like almost all open source cryptocurrency projects, Stellar has its primary repository hosted on GitHub. From there we have the possibility of having access to all the pieces that make up the plan. The bases of its protocol, management core, consumers, SDK, Docker package… make up a total of well over 90 diverse projects. All of them under the Apache 2.0 license. Thus, the plan ensures that the code can be used in community or private projects.
Such projects mostly remain created in various programming languages. Among them we have the possibility of naming the use of C++ (in its C++14 standard), Go, Python, Java, JS, Ruby and Shell. This means that there is an extensive development ecosystem. All this benefiting from a common program core.
However, the most incredible thing about Stellar is its own contributions to blockchain technology.
Among them we have the possibility of highlighting the following:
Stellar Agreement Protocol – SCP
Stellar Consensum Protocol (SCP) is the agreement protocol developed especially for this network. The SCP uses a Federated Byzantine Consensus (FBA) type scheme.
SCP's performance is detailed in the whitepaper released by the Stellar Development Foundation. In it, they argue how the SCP ended the FBA criteria, and adapted to a decentralized, roleless network using quorum and quorum segments.
For the adequate performance of the FBAs, the competitors have to wait until the majority can reach an agreement. Thus, competitors know which transactions are more important before they begin to settle them. In this way, once the majority of the network takes a position, the network accepts the transaction and makes it unfeasible to roll it back for an attacker. Only then, the competitors provide the transactions by settled. With this, the FBA agreement can secure the entirety of a financial network. And at the same time, it ensures its decentralized control and organic growth of it.
The FBAs give SCP a gigantic reliability and a sequence of unique properties, among which stand out:
Decentralized control. Anyone can participate and there is no central authority. Network approvals require an agreement from the network.
Low latency. The nodes have the possibility to reach an agreement in the terms that humans expect for web or payment transactions. This means that; it only takes a few seconds as major, to reach a unanimous agreement.
flexible trust. Users possess the independence to rely on any mix of pieces they consider appropriate.
asymptotic stability. Stability is based on digital signatures and hash families. These limits have the possibility of being realistically adapted. With this system 51% attacks are avoided.
Horizon – One API to handle everything
As we have already said, Stellar has a fairly cohesive core of work. However, in order to do this, its developers have made Horizon. This is a module designed to work as a web service, through which most applications have the ability to interact with the network. This creates a stable and concise environment to link the various applications to interact with the network using
Horizon as an intermediary.
Thus, Horizon provides an easy way to send transactions, check accounts and subscribe to events. The use of Horizon gives Stellar a lot of flexibility, to the point where using a web browser (Firefox or Chrome) we have the possibility of interacting directly with the network. Additionally. it is feasible to design interfaces on top of Horizon quite immediately and simply. This gives unparalleled ease and flexibility when developing systems. Therefore, it is quite simple to add new properties allowing Stellar to grow with the push of its society. A situation that favors Stellar, since it promotes its extension and greatly allows the deployment and development of compatible systems. All this using tools that maintain compatibility with its development core.
This makes it feasible to use embedded systems in electronic devices that interact with the network, and allow us to make use of it. As an example, embed a Stellar node in a Smart TV and from there be able to access the network's functionalities. which shows the potential of technology and the ease of providing access to it.
Stellar Core – The core of the Stellar network
Each Horizon server connects to a Stellar Core, which is the backbone of the network. The Stellar Core is in charge of decentralizing the services of the network, and at the same time ensures its proper management. Thus, the network becomes a collection of interconnected Stellar Cores, managed by different individuals and entities from all over the planet.
The said functionalities are as follows
- Guarantee the balance and decentralized performance of the network.
- Be responsible for the connection between the various network services. These services have the possibility of being commanded by Horizon or other Stellar Core.
- Do the monitoring and control of the historical and the modification of the own blockchain.
- Ensuring public history of transactions and ledger entries in external persistent storage. This is used for auditing and as a source of recovery data for the other nodes.
- Guarantee hashing and non-duplication of blocks on the network.
- Control services according to your entire network.
Stellar Network – The cluster of stellar cores
Stellar Network is a worldwide collection of stellar cores (Stellars Cores). All said Core, are maintained by different people and companies. The distributed nature of the network makes it reliable and secure. All said nuclei make up the network of nodes, which occasionally agree on sets of transactions. Each transaction on the network costs a small fee: 100 stroops (0.00001 XLM). This rate helps prevent spam from being sent to the network, guaranteeing its good performance.
What are Lumens?
A lumen is a unit of digital currency, as is the status of bitcoin for the Bitcoin network. Lumens are the primary and native asset of the Stellar network. They remain included in the network. Logically you cannot have Lumens in your hand, they are a digital asset, however they are essential for managing the Stellar network because they contribute to the function of transferring money around the world instantly and safely.
Once Stellar was dropped, the name of their tokens was not Lumen. They were called the same as our network. After a year, in 2015, the network was improved and the name was changed to Lumen to mark the difference of the network and avoid confusion with the name of the foundation.
Why does the Stellar network require Lumens?
Lumens are applied online as an anti-spam tool. Precisely, Lumens are needed to make a transaction and bypass accounts with empty balances. In this way, the network is safeguarded, preventing malicious actors from saturating it, with an attack 2. However, each of the accounts needs a minimum balance of 0.5 Lumens. In this way, users are encouraged to keep the blockchain clean by deleting abandoned accounts. Due to which, each of the accounts that make up this network have an economic utility.
Advantages
- Transactions on this platform are much faster than Bitcoin transactions. They take about 5 seconds to develop and verify.
- Commissions are actually quite low. However, these allow the platform to be an ecosystem safeguarded against an attack 2.
- One of its main allies is the great IBM. This ensures the technical understanding and financial expertise essential to a plan for these properties.
- The accessories that make up the Stellar Foundation belong to the best in the market, which is always a good sign.
- The platform has the ability to launch ICOs for other projects.
- The protocol is extensible, proof of this is the function of adding support for payments using the Lightning Network, which would make the Stellar network much more immediate and flexible.
- The system does not use mining for its verification process and makes use of the SHA-256 algorithm for stability. This gives a much more friendly ecosystem with energy use.
- The platform provides high scalability. Currently the network can handle up to 2 thousand TPS. However, engineers think that the network can scale to 10,000 TPS using services such as Google Cloud Servers.
Disadvantages
- One of the reasons why the plan caught the attention of the public has been its resemblance to the Ripple plan. For this reason, investors decided to invest in the plan expecting a very high productivity. And it is that; the similarities of the projects mean that the costs of one and the other basically fluctuate almost in unison.
- It is not fully decentralized. Although the distribution of the tokens is different from that of the Ripple tokens, currently well over 90% of them remain in the hands of the foundation. This can cause some distrust, and although the signs say the opposite, there could be a saturation of the market after a massive distribution of Lumens.
Technical Analysis
First April 29, 2022 from the maximum of Stellar that was May 16, 2021 there has been a drop of 74.97% of the asset based on closings of the Japanese candles. As we know the Stellar project is a decentralized and open source platform that connects banks, payment systems and people. This platform was designed to facilitate cross-border transactions in order to make them faster, safer and cheaper.
We have a good fundamental to try to take it into account for our SPOT.
So let's go to the technical analysis that we could currently perform on Stellar based on concepts of price and volume action.
Stellar is at the middle of the 2021 and 2020 support
At this current price, Stellar could be considered to be at a fairly good price to start DCA for the long term. In addition to visualizing a descending wedge on the chart you are repeatedly testing a Bearish TrendLine.
The volatility of the asset is at minimum values, so you don't have to worry about a fairly strong drop at this point.
If we refer to volume currently the current existing bearish volume, it is having weakness in the existing bullish trend in the 4H period.
The recommendation is to DCA from now to 0.148 which is the low I would expect Stellar to hit at the moment.
I hope you liked the analysis 😊
XLMUSD ❕ back into the downtrend channelThe XLM price returned to the downward channel on higher volumes and broke through the 50MA on the 1H Timeframe. Now there is a local decline along with a decrease in volumes. I expect the retest of the support level, fixing above it and reaching the resistance level.
XLM/USD Secondary trend. Timeframe 1 week.Timeframe 1 week. Dragon pattern has formed. There are attempts to break through its resistance. Rollback after a breakdown of the downtrend (ridge of the Dragon). This Dragon (its first part) is a potential handle to the cup (pullback) on a large timeframe and scale (1 month).
Next month, protocol # 18 is triggered. 3 11 21 .
Coinmarket: XLM
Notice how technically and predictably a sequence of pummels by a rather large percentage (220% 300% 160% 100%) and the same pullback (complex %) moved the price in the spring pump.
All of these moves are in my trading ideas as I am an active bidder on this coin. Spring pumping +1000% from accumulation.
Here is my non-public trade idea posted 13 10 2020 at the beginning of the nucleation of this secondary uptrend (pumping sequence).
XLM/USD Secondary Trend Manipulation with Chart Distortion
This secondary trend zone is in the primary trend.
XLM/USDT Primary Trend. Channel. Cup. Timeframe 1 month
XLMUSD ❕ boundary of downtrendThe volatility of trading on Stellar has increased, the volumes on the local correction decreased, and the price reached the upper boundary of the descending channel and is now trading above the liquidity level, forming a Flag pattern. 50MA crossed upward 200MA on the 30m Timeframe. I expect fixing above the upper border of the channel, and after reaching the resistance level.
XLMUSD Potential Bearish Reversal | 19th April 2022Price is near to the pivot level. We see a potential for bearish reversal from sell entry level of 0.2063 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection towards the take profit level of 0.1915 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Alternatively, price might break the key pivot level and rise to the stop loss level of 78.6% Fibonacci projection.
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💡Don't miss the great buy opportunity in XLMUSD @StellarOrgTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1995).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XLMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 0.2062
TP2= @ 0.2122
TP3= @ 0.2187
TP4= @ 0.2265
TP5= @ 0.2342
SL= Break below S2
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💡Don't miss the great buy opportunity in XLMUSD @StellarOrgTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1995).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XLMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 0.2062
TP2= @ 0.2122
TP3= @ 0.2187
TP4= @ 0.2265
TP5= @ 0.2342
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️