XLMXLM- As stated in previous analysis XLM is and was a strong buy at .23-.25c Reasoning is that the chart is very clear and clean to me, after 5 waves up in the primary cycle XLM completed a near perfect ABC correction inside of a falling wedge pattern. A falling wedge pattern is very bullish pattern b c it show bearish selling exhaustion , meaning bears getting tired and the bulls can flip the trend very easily & quickly. Here is my EW projection going forward.
XLMUSD
XLM & BTC UPDATE - Wave 2 Looks Complete - Wave 3 In ProgressIn this video I explain these last few waves since calling the bottom on the 22nd of June.
We still need to see certain levels broken along the way to really confirm this move.
If this is really Wave 3 then I expect it to get sharper and more impulsive looking as we recover back to the highs in the start of Wave D.
So far everything seems to be moving along as expected.
Please see previous related ideas linked down 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.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLM/USD- STRONG STRUCTURE=SIMPLE TRADING PLAN Xlm has a very well defined price structure with key levels which I’ve highlighted. Given these clearly defined, important levels it makes it very easy to plan a profitable trading idea. Fundamentally Xlm is solid IMO but I will not go into that as the technicals speak plenty. Looking at the chart we see we are clearly already a long ways from the highs and have experienced over a 3/4 of the value being cut from price top to bottom. We are still free falling and although catching falling knives is ill advised I’m here to say I think this is a knife worth trying to catch. This knife is so close to the ground at this point even if I don’t catch it, it’s still going to be right there on the ground for me waiting.
The most likely scenarios are first in green, followed by the some potential other outcomes to watch develop over the next few months.
My plan personally, I will be accumulating as many cheap lumens as I can around the the 20 cent range with recurring buy orders. If price breaks below I will allow the market to settle and hopefully pick some up below 15 cents as well.
Once xlm experiences a trend reversal it can be potentially an extremely violent, abrupt, and even illogical move upward similar to xlm’s evil sister, ripple, and so this is not anything we should be caught off guard by !
My money is in stellar and at these current levels I’m feeling very comfortable about the risk reward available.
I may begin to take some money off the top around 50 cents however market conditions will certainly impact decision making when it comes to profit taking time!
Best of luck trading I hope you were able to gain something from my analysis. Please leave a like or comment if you are up for it, I spent a while analyzing xlm and would love to get feedback.
Thanks, Sawyer
XLMUSD: Continuation of the downtrend.The downtrend may continue to the 1.13 area. A break of the support in the 0.27 area will confirm the trend.
If we look at the reaction of altcoins during the last rise in bitcoin, we will see that they grew weakly and are ahead of bitcoin in the current decline:
s3.tradingview.com
An additional signal in favor of weakening altcoins.
XLM + BITCOIN UPDATE - Looks Like Wave C Has Completed For BothIn this follow up video I explain the aftermath of what happened last night with XLM and Bitcoin.
In this inflationary environment even corrections can look impulsive but the dips can be deep percentage wise.
Let's not forget the bigger picture, we are in a bull market correction that is expanding to the upside due to these reasons.
This is just the beginning, even after we recover and make a Wave D up there is a bigger shock on the horizon.
I will be touching more on this subject once we get confirmation by breaking key levels indicated.
In that specific update I will explain how the coming moves in the US Dollar will impact all Cryptos.
See all related ideas linked 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.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLM...... 1 D# Analysis on the daily chart, in the style of the price channel, RSI and Fibonacci.
# Inside a bearish price channel.
#RSI if my sale is satisfied and my purchase is loaded.
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==Waiting for the green trend to cross over RSI, and it becomes bullish.
== Exceeding the price channel (black) becomes bullish.
==Targets:
1)- 0.38 Fibonacci = 0.42688
2) -0.50 Fibonacci = 0.4979.
3) -0.618 Fibonacci = 0.5673
Stellar (XLM) - June 22Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(XLMUSD 1W Chart)
If the price holds above the 0.23438790-0.29261600 range, we expect the uptrend to continue.
(1D chart)
We need to see if we can find support at the 0.20794233-0.26657249 zone and see if we can move along the uptrend line.
In particular, it remains to be seen if it can climb above the 0.23438790-0.29261600 section.
To convert into an uptrend, you need to stock up on strength while holding the price in the range 0.26657249-0.38383280.
If it goes down from the 0.20794233 point, it could touch below the 0.16058117 point, so you need to be careful with your trades.
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(XLMBTC 1W chart)
If the price continues to rise above the 428 Satoshi-1288 Satoshi section, it is expected to create a new wave.
If the price holds above the 746 Satoshi point, it is expected to move up a bit faster.
(1D chart)
It remains to be seen if the 737 Satoshi-825 Satoshi section can support and rise.
If it goes down, it may touch near the 566 Satoshi point, so you need to trade cautiously.
To turn into an uptrend, you need to stock up on strength while holding the price in the 825 satoshi-1002 satoshi range.
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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 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 a 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)
XLM UPDATE - Alternative Scenario - Still Looking For A New LowIn this video I detail a what I believe is a Type-1 Weak Wave C.
I had to go back and look at Waves 1 and 2 properly in order to make this change in the view.
This is not an easy pattern to identify but I will lay it out as best as I can.
I do not expect XLM to go much lower but we need to see confirmation in the form of a bounce around this area.
I have marked out the areas of importance to confirm the reversal.
I hope this helps!
Please see related XLM ideas linked 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.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLM UPDATE - Wave C Looks Complete - Looking For Confirmation...In this video I go over what has been happening to XLM in the last few hours.
As I have been pointing out over the last several updates is that we had to make a new low before XLM can move higher!
I believe we are in the very early stages of a new uptrend.
Due to the the nature of Wave 5 of Wave C and how weak it was, we can expect a big bounce from here!
Now that we have seen this happen in this manner you can expect to see a wider range of markets covered in my posts.
The attention will now be directed once again to the bigger picture.
All these markets have unique patterns but when you combine the knowledge from each chart you begin to see the bigger picture.
Check out all my previous XLM ideas linked 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.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
Stellar (XLM) formed big bullish Cypher for upto 200% big moveHI dear friends, hope you are well and welcome to the new update on Stellar (XLM).
Previously we have seen that the price action of Stellar formed a bullish Shark on the 4-day time frame chart and still moving in the potential reversal zone.
Now at the same time on the 2-week time frame chart, the price action of XLM has formed a big bullish Cypher pattern. There is also 25SMA support in the buying zone.
Buy and sell targets:
Buy between: $0.3474 to $0.2248
Sell between: $0.4439 to $0.6757
Stop loss:
The maximum extent of potential reversal zone $0.2248 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 200%, and the high loss possibility is 36%, however at this time the risk is low as the price action is already close to the end of the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#XLM showing signs of bearish Momentum Loss at the right timeAs you see here I am using the Bollinger Bands along with the Fibonacci Retracement tool, the Pink highlighted area indicates a loss in bearish momentum at the optimal time. Which is right at the lower Bollinger Band and touching the resistance line, this is a strong indication of a Bull reversal.
Let's see if this plays out as we move through the night into the morning.
*Not Financial Advice
XLM QUICK UPDATE - Looks Like We May Have Completed Wave ii...Here is a quick update on what we can expect in the short term for XLM as we head towards the buying area of .27cents or lower.
Not much has changed apart from the waves which have made it clearer that this is a Wave ii and not the alternative scenario.
Please see 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.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets. [/b
XLM UPDATE - 2 Scenarios That Could Be Playing Out Here...In this video I talk about the two possibilities that could be playing out here.
Firstly say that neither are bullish because we have not seen a new low made yet.
Either Wave D has ended and we are in Wave 5 OR we are still in Wave E of Wave 4 .
All the details of what to look out for are in the video so please pay special attention to the examples and what they mean.
Please see all the 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.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
StellarStellar one of the coins I like. I don't expect it to drop below $0.25 and I will not sell it before $1.47. You can see the details on my chart.