XLMUSD
XLMUSD - Price Action Has Been Consolidating For A Move HigherWe are still waiting for another move higher for XLM.
Some clues has surfaced regarding what we could possibly be looking at here.
It seems a little strange that we have been consolidating for this long only to have a small pop to the upside.
In this video I explain why this is the case.
In this type of move it is not exactly easy to produce a target however tracking the waves will suffice.
In a nutshell there appears to be more Wave 1-2 subdivisions in this current move than in any of the previous 5-Wave moves.
In my opinion this provides a valuable clue.
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.
ascending wedge on 1H timeframe for XLMUSD chartHi Everyone! Short term trade detected. Despite on global bullish picture on senior timeframe for xlmusd , i think price can test dynamic descending trendline which was broken out couple weeks ago (yellow on the chart) or global ascending trendline (red) if bears will be more aggressive. We see on 1H timeframe ascending wedge pattern which signals about local bearish sentiment. But it can be also another bear trap and a lot depends on the movement of the bitcoin price, so don't forget about risk management.
For longterm i'm very bullish about xlm .
Entry: after breaking out support line. TP 1: 0,3150. TP 2: 0,2970.
XLM OBSERVATIONStellar price is testing the green ascending trend line that acted as backbone for the uptrend since the beginning of October.
XLM price looks to be making a false breakout, a bear trap, that could see large buy-side volume resulting in a bullish recovery and breakout.
Expect a quick break above $0.41 towards $0.46.
XLM breakoutStellar broke up this triangle 📐 and I think there is chance for run to 0.943 and even higher. Just bought this local range breakout. XLM let's go!🚀
ENTRY : local high @ 0.370
SL : local low @ 0.319
TARGETS : 0.519, 0.610, 0.943
RRR : 2.9 TP1, 4.7 TP2, 11.3 TP3
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.
XLM Daily Price ChartThe daily chart shows the XLM price is above the 50 DMA at $0.34 and the 100 at $0.33. However, Stellar is glued to the longer-term 200-day average at $0.36. Furthermore, the Relative Strength Index (RSI) is rolling over which suggests bearish momentum is growing. Taking that into consideration, it’s likely that XLM will lose the support of the 200 DMA and slide to the concise averages below. As long as the price holds above the 100-day it’s in with a chance of recovery. However, below $0.327 a trip to $0.255 looks probable. On the other hand, a bullish scenario emerges if the price clears the September high at $0.439. In that event, a run to $0.500 is likely. For now, it’s unclear which scenario will play out. On that basis, I maintain a neutral stance until the technicals provide a clear sign.
Feel free to get in touch for daily trade signals and alerts
XLM gearing up for interstellar travelStellar Lumens may be gearing up for an epic adventure.
Forming a text book cup and handle pattern on the weekly chart.
If it can break .43c it appears to be clear sailing back to .79c and possibly it's ATH at .93c
A move equal to the distance from the bottom of the cup to the top would be the expected break out target. A modest price target of $23.
From it's current price that's a 5444% gain!
As long as it can stay along the current uptrend the handle should be completed.
Stellar Lumens (XLM) - Structure and TargetsIn this study of Stellar Lumens, I contrast the 2018 market rally with the current bull market, within the context of a common rising channel.
Do you think it can provide a repeat performance of 2018, or are the headwinds just to great this time?
Share your targets and ideas, below.
XLMUSDT - Time to take entry?BYBIT:XLMUSDT
4H trend chart
XLM was consolidating as a triangle, and just broke it out.
Now it retests the downtremnd line while all market is falling.
If price can still get support from the trend line or keep at Fib(0.618) around 0.38445 till the closure of 4H candle .
It's a good time to take entry.
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Profit Targets:
a) 0.42435----Fib(1)
b) 0.45275~0.46425---Fib(1.272~1.382)
c) 0.47660-----Fib(1.5)
Stop losses:
a) 0.36605-----(Red horizontal ray)
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XLM ramping up to a breakoutJust recording my own thoughts and analysis. Expecting to reach a new ATH.
My thinking is that this coin is super undervalued right now and things like ISO 20022 indicate it will be a coin that will be used in the future, whether we knowingly use it or not.
Its not inconceivable for the Market Cap to reach at least 100B - putting this coin to ~$4.
Not advice, just speculation.
Stellar (XLM) - October 21Hello?
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(XLMUSD 1W Chart) - Medium to Long-Term Perspective
Above the range 0.09017343-0.16420803: Expected to continue upward trend
(1D chart)
Resistance section: 0.40293161-0.44798284
Support section: 0.23438790-0.29261600
A move above the resistance zone is expected to accelerate the uptrend.
If the decline is from the support area, it is likely to touch near the 0.16420803 point, so trade cautiously.
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(XLMBTC 1W Chart) - Mid-Long-Term Perspective
1103 Satoshi - 1288 Satoshi or more: Expected to create a new wave.
(1D chart)
Resistance section: near the 746 Satoshi point
In order to transition into an uptrend, the price must rise above the resistance zone to maintain the price.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)