MY MINIMALIST CHART ANALYSIS FOR $XLM9.7.21
My Minimalist Analysis of $XLM
Indicated are key levels of support and resistance using small and large range boxes TO ENTER A SWING TRADE (Short - Long).
Watch out for patterns, EMA, Candlestick Math, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
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XLMUSD
Stellar (XLM) - September 6Hello?
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(XLMUSD 1W Chart)
If the price holds above the 0.16420803-0.23438790 range, it is expected that the uptrend will continue.
(1D chart)
A move above the 0.44798284 point is expected to accelerate the uptrend.
However, the 0.40293161-0.44798284 section is a resistance section, so it is necessary to check whether it breaks upwards.
If it falls from the 0.23438790 point, you need Stop Loss to preserve your profit.
Don't try too hard to know 'how far will it rise...'
The most important thing is at which point and in which section the average unit price is formed.
Buying when it's rising is just as risky.
Therefore, if it is confirmed that it is receiving support by falling, and it rises in this support area, you should proceed with a full-fledged purchase.
Therefore, in this chart, a full-fledged buying should have been made in the range 0.29261600-0.32832969.
It can be said that buying at the current point of reaching the resistance range of 0.40293161-0.44798284 is high risk.
If it fails to break above the resistance zone, it is possible to touch the 0.29261600-0.32832969 zone again.
Therefore, it is recommended to proceed with buying when the resistance zone is broken upwards and support is confirmed.
Therefore, it is recommended to proceed with buying in the 0.44798284-0.51004646 section.
However, if you look at the overall price position, you need to adjust the investment because it is located in the high point.
Buying in the highs is more risky.
In addition, since there is a high possibility of large fluctuations in the high-end section, it is because trading is carried out in a psychologically unstable state.
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(XLMBTC 1W chart)
You should watch for any movement that deviates from the 428 Satoshi-1288 Satoshi section, which is the bottom box section.
(1D chart)
It remains to be seen if the 731 Satoshi-817 Satoshi section can support and rise.
If it falls from the 731 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
If the price is maintained above the 817 Satoshi point, it is expected to turn into an uptrend and rise.
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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 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 the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
xlmusd daily scaleCurrently, it can experience growth up to 0.47 if the 4-hour downtrend ceiling breaks, but depending on the chart behavior, it can experience a downtrend in the range of 0.2 to 0.22, and if the downtrend continues, the next support range 0.094 to 0.103.
To rise in price and get rid of the resistance areas ahead, it must have a strong and successful break above the 0.48 limit to be able to reach the $ 1.1 range and then move to higher numbers in the medium term.
Time analysis targets are also indicated in the image.
XLM:ONE OF BEST PROFITTABLE CRYPTO CURRENCY|NEXT TARGET $44.000⚡Hi everyone, today we analyze this incredible crypto that gave us many satisfaction. XLM Stellar is a chain fork optimized for real-time FX transactions. Lumens (XLM), the native platform criptocity is used as an intermediate currency for cross transfers. Transactions trans-assets are made possible via "anchors", which pose currencies on the network by acting as reliable entities that hold deposits and can issue credit. The stellar network charges in a small fee at each transaction to prevent spam attacks and has a 1% fixed inflation rate a year.
XLM presents a positive correlation with the BTC of 80 points, we can say very high. From the 21st Jul, the value of this crypto has risen more than 100% following the bitcoin rally.
You can look at our ideas on the BTC in description. In the last sessions the price had closed inside a triangle where in conjunction with the BTC that was inside another compression figure.Same for BTC both compression pattern was broken in the last 2 days.
In the graphics analysis you can see where we have positioned the target and stop loss.
What do you think ?
TP: 0.44
SL: 0.3231
XLM IS FINALLY READY!XLM has broken out of this triangle and retested it to confirm an upcoming bullish wave. MACD is divergent and exploring higher grounds in the positive zone. However, volume is still insufficient. Possible targets are highlighted in green based on price action history. These designated areas are where the price has struggled to flip in the past. If the momentum picks up, XLM could easily take on these levels. This trade could chalk up a profit of around 36%.
Big move coming for XLM! Here's a quick look at XLM 4 hr chart. As we can see, the price has printed a symmetrical triangle and we could see a bigger move soon! Definitely one to keep an eye on. The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume.
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
1. 0.41$
2. 0.436$
3. 0.453$
- Profits can also be taken in the resistance zone .
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Divergence in XLM* XLM in 1H time frame forms Expanding channel. Here the price moves between two broadening trend-lines.
* Expanding channel appears with narrow opening and broad closing like a reverse symmetrical triangle.
* A RSI divergence also appeared in XLM.
* RSI divergence occurs when there is no longer the same momentum between RSI indicator and the price.
* If the price pulls back and break the upper trend-line we can expect a rally till $0.3910. XLM is bearish below the support.
XLM Areas Of OpportunitiesAs long as XLM holds current area or the area marked below and keep establishing support, price should continue its uptrend. As of right now price is rejecting current area of previous resistance now support so an opportunity could be presented soon. However it is important to look at what the bigger cryptos are doing such as Bitcoin, which could affect the move of XLM.
Which coin is best to invest now (what I see)?Hello friends,
Over the last three months, the price of Bitcoin is up nearly 70% (28.8k to 49k equal to 76% ATH). if you've been waiting to invest, now might be a smart buying opportunity (Fundamental Analysis).
How? It's easy:
The lower the "recovery", the better!
Why (because of two reasons)?
1- Because when the recovery is low, it gets the attention of more traders who were out of the market (newcomers to the market).
2- low-risk investment.
It will signal the continuation of an existing bull trend (for XLM and Doge).