Stellar flag pattern breakoutEasiest long of my life, blue lines are a flag pattern, I will be using this for my conviction, if we form a lower low and breakout of the corrective channel then I will be bearish (red) otherwise my thesis is bullish (green) using green resist as support would be #1 for bulls
XLMUSD
XLM interesting area for buyers if you are XLM fan and potential buyer, patient is the key in crypto world. As you know alts are depend on btc movement, these days btc is in downtrend so becareful on your alts entries.
all of this scenario depend on btc, but I would not buy anything unless we break new monthly low.
buy targets are:
25c
19c
XLM CLEAR BREAKOUT INCOMING WATCH NEXT DAILY OPENif you are looking to short or long XLM here is your chance were in a rising channel which is usually a bullish sign but with the bearishness of the market you may want to look for a short... Either way here are key support and resist lines as well as how I expect and bearish scenario (red) and a bullish scenario (blue) to play out
XLM Maintains Upside Setup Despite Breaking Immediate SupportStellar Lumens (XLMUSD) looked like it had a nested 1-2,i-ii bullish setup in place but broke that convincingly when it broke the 0.25-level, which marked the bottom of what WAS the wave-ii. Thus, our previous primary PURPLE pattern has invalidated.
However, while many cryptos broke-down so fiercely that they've completely reset their larger 5th wave rally setups by completing the 4th wave correction that started in May 2021. XLM like LTC, DASH, SOL and LINK maintains the larger 1-2 setup, and this will remain valid as long as it holds 0.199 support, which is identified as the new GREEN pattern. If XLM breaks below this, it, too, is following the bearish alternate RED pattern with lows that could drop as far down as 0.11!
While I have begun to advise against buying large amounts of most cryptos since we were supposedly in the middle of our larger 3rd wave rally, XLM has pulled back enough that if this is indeed the bottom of our subwave (ii), this would be a solid BUY opportunity. With that being said, I recommend dollar-cost averaging (DCA) to continue growing your positions as the rally continues in order to reduce risk (buying a little bit on a regular basis instead of dumping a lump sum of cash all at once). There is no telling if we'll see a slightly lower-low (which would NOT invalidate the current setup) or the worst-case bearish red alt pattern.
While our overall top projects somewhere between 0.97 and 1.16, 1here is a strong resistance at the 0.618 extension of our larger rally that topped this last spring, which projects to 1.71! The 0.618 extension is a common 5th wave target off of a larger 3-4, and there are multiple confluences at that price level.
This larger Wave 1 top (common to most altcoins) should coincide with the Major Wave 5 top for Bitcoin and Ethereum. Therefore, the coming rally top may be a good time to take profits and reallocate across other securities outside of cryptocurrency or even Stablecoins. While BTC and ETH may see a colossal crash for the ages perhaps spanning many months or years, XLM (and other altcoins) may give us a STELLAR buy opportunity for the longer-term, which would very likely get us to those amazing targets in the $9+ range.
But as always, we must allow the pattern to develop as the market chooses. It is still a good time to buy before we see any form of 3rd wave take-off. Please size your buys commensurate to your overall risk tolerance!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#stellar #xlm #bitcoin #ethereum #litecoin #blockchain #ripple
XLM - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
XLM is sitting around strong support in blue so we will be looking for buy setups.
on H4: XLM is forming a channel in red, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XLM would be overall bearish can still trade lower till the lower blue support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🔵XLM & The Difficulties To reach 0.60$Hi every one
STELLAR / TETHERUS
XLM is in an Ascending Triangle. The Price has not managed to Break this Pattern yet,but we expect a Break out to happen Soon. and when It happens,we can Expect The Price to Increase as much as the Measured Price Movement (AB=CD) But It would React to Pivot Points on It's Way! yearly Pivot Points would be Great Resistances For XLM. We Expect a Reaction From the Price If The Break out happens: The First Pivot Point (yearly) will be a Strong Resistance,and The Upper line of the Triangle Will be a New Support! after Doing a Pullback to The New Support, The Price will ascend Further & Will react to The Next Pivot Point! After a Little Bit Of Correction, We shall The Price Finally Be able To Reach The Expected Target (Which is Around 0.60$). This Scenario Has Been Drawn For you on The chart & It all Depends On The occurrence of The Break out!
🔵Summery:
-XLM is in an Ascending Triangle.
-No break out yet!
-when The Break out happens, price would React to yearly Pivot Points!
-Target Is around 0.60$
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
ARIASWAVE MARKET UPDATE - GOLD - DOW JONES - BITCOIN - XLMUSDThings are still looking rather shaky across the board.
Not much has changed since my last update but we are definitely starting to see a confluence of things taking place.
The one thing that I am still very bullish on is GOLD.
Whilst everything else takes a hit I believe GOLD will be repriced based on some underlying macro causes.
I believe that this time it is different because of what I see potentially happening in the US 10YR Bond Yields.
Inflation is rampant and will more than likely accelerate in the near future.
For now I will keep an eye on these moves especially over the coming weeks.
Check out previous related ideas linked below.
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.
💡Don't miss the great buy opportunity in XLMUSD @StellarOrgTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3453).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.3686
TP2= @ 0.3926
TP3= @ 0.4175
TP4= @ 0.4409
TP5= @ 0.4672
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 (0.3453).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.3686
TP2= @ 0.3926
TP3= @ 0.4175
TP4= @ 0.4409
TP5= @ 0.4672
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 ❤️
🌓XLM has left the formation and is now back at supportOn October 13th the price broke out from the symmetrical triangle, got rejected at horizontal resistance area, and is now back at support zone. Dynamic support is nearby which is boosting the strength of this area. Given the current trajectory of dynamic support we can see there's still a lot of room so it could take a while until we see an ultimate squeeze in this setup, however it still might be a decent trade, even if the set target is nearest resistance.
Entry: buy in the support area (current price)
Targets:
0.3422
0.3565
0.3657
0.3835
0.4367
0.5331
0.6091
0.6937
----------------
About XLM:
Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology.
The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.
If all of this sounds familiar, it is worth noting that Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten.
Source: coinmarketcap
Inverse head and shoulders
Hello friends,
Is XLM a Safe Cryptocurrency Investment?
Yes, I think, there is a lot of room for growth in XLM, why?
The lower the "recovery", the better! Because when the recovery is low , it gets the attention of more traders who were out of the market (newcomers to the market).
Real breakout:
You should watch for a large spike in volume to confirm the real breakout. Then, the investor enters on the first break of the neckline.
Follow updates.
XLM breakout 2Stellar broke up this triangle 📐 and I think there is chance for run to 0.96 and even higher. Buying now. XLM let's make it!🚀
ENTRY : local high @ 0.4024
SL : local low @ 0.3083
TARGET : height of the triangle projected from midpoint of the local range (RANGE HIGH - SL) @ 0.96
RRR : 6
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.