XLMUSD
XLMUSD - Trend Continuation In ProgressPrice action continues to indicate further upside ahead.
As you know I have turned bullish across the board with no meaningful pullbacks expected from here.
I go over the previous price action as per my last video for those that might have missed it.
I have also linked that video below in related ideas.
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 Future Expected. As you know, Stellar, one of Europe's major crypto projects, crashed with the hard fall of bitcoin. We will hear positive news soon. Confidence was restored with bitcoin breaking records. What I want to tell you is that nothing stays cheap.
The population continues to increase.
Inflation continues to rise.
Central banks continue to print money.
Technology continues to evolve.
The internet continues to age.
Most importantly, X,Y,Z, and subsequent generations support crypto full-time.
Gold is still a safe haven.
But Crypto is a Fast port. It is active 24/7.
It does not need any bank.
There are low commission fees.
Not investment advice.
XLM ! Swing trade.XLM is looking great with Support on MA. Once we see this breakout we can see reaching previous Resistance. We need more Squeezing.
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
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Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
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$XLM Stellar looks up higher! Stellar Lumen $XLM
Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems, and individuals quickly and reliably.
In range now and good to add to your portfolio IMO.
Let me know what you think!
DYOR and take profits.
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.