XLMUSD
This is such a rewarding situationGo long, minimal stop loss, biggest gain you will see in coming days
First Target - 0.65
Second Target - 0.80
Final Target - 0.99
This is similar to XLM but only better
XLM - Something Good Will Happen Soon Hi, this is my update for XLM, in the last 3 days XLM is up around 25% after a big fall from $0.60 to $0.38. XLM has tested both the support level $0.40 and SMA100, also it held very well. Good news is that we are again above the SMA50 and the support level $0.455. I expect we are going to test the resistance level between $0.53-0.56 (Green Box) and after that we are going to see a normal pullback all the way to backtest the support level $0.455 to make a beautiful bottom head and shoulders, then we are ready to takeoff. + We have already made a double bottom in RSI and MACD is ready to turn green. So be patient and don't PANIC ;)
XLM - Updated Price Target Based On Better Chart DataThis is an update to the previous XLM video idea linked below in related ideas.
I went back and re-checked the chart data and found some issues so I am here to correct these.
Yes, this does increase the upside target.
Check it out.
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 Price AnalysisSince the beginning of 2021, Stellar has seen drops of >45% on 4 separate events. Bulls may then be sure to go deal chasing after the new steep markdown. The image in the more drawn out term stays hazy. We can look to the brief timeframe casings to give us exchanging openings.
On the 4 hour chat, we see overhead opposition at $0.45113. The following level on the potential gain is the upper band of the dropping pattern channel at $0.4787. A break if this level on an end premise could give a long chance, shutting the exchange as the value approaches $0.5195.
This view would be refuted on a nearby underneath the upper band of the downtrend channel.
XLM Next Ranges, Bull Run Continuation?Hello traders! The long awaited BTC retracement is finally upon us, and the overall crypto market is following suit. For many of us this is long awaited and a great sigh of relief, for others it was entirely unexpected. Regardless of your belief in the bull run, what is happening now seems to be aligning almost perfectly with previous behaviors which is something that I find personally reassuring. It means what I learned at the end of 2020, and struggled with in early 2021 are all coming together in this moment!
TL:DR, it isn't over until it's over.
With all of that being said the ranges that XLM is expected to hit have already been hit once. $0.39 is the ~43% retracement level that is almost always hit after a High has been registered. For this bullrun the magic percentile is 47% which would be ~$0.36. Anything lower than that would be still in the realm of healthy retracement but shouldn't be expected. The halfway point is $0.345. If we pull below that the next likely stopping point is $0.24 which occurred similarly in February to March of last year from a level of $0.08 - $0.03. In my opinion the "bull run" or "Alt Season" is only over if we fall below those lowest levels. Then again it is not unheard of for there to be full retracements before new ATH's are reached which has also occurred in several bull runs in the past.
I will simply say this, the retracement isn't over, the lowest I expect we will reach is $0.24 for XLM, but have enough cash reserves in hand if we go lower, and always set your stop losses!
I am not a financial advisor so take all of this with a grain of salt!
XLM Chart , Resistance and SupportThis currency, like the rest of the market, has lost its support in the last two days and is facing a new resistance, which if it is not successful in taking it back, there is a possibility of correction up to 11% (maximum).
Note: This is just a personal opinion and check yourself before any transaction.
Stellar (XLM) - April 24Hello?
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(XLMUSD 1W chart)
(1D chart)
We need to see if we can get support at the 0.44829110-0.50032101 section and climb along the uptrend line.
If it falls at the point of 0.34423129, a Stop Loss is needed to preserve profit and loss.
In order to turn to an uptrend, it must rise above 0.51582250 and gain support.
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(XLMBTC 1W chart)
You should watch for any movement that deviates from the 566 Satoshi-1029 Satoshi section, which is the box section.
(1D chart)
We must watch for any movement that deviates from the 851 Satoshi-908 Satoshi section.
In particular, it remains to be seen if it can rise along the uptrend line.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately represents the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)