Xlmusdlong
Stellar Lumens XLM formed a bullish Gartley for upto 27.50% pumpHi dear friends, hope you are well, and welcome to the new update on Badger DAO with US Dollar pair.
In the below previous idea after breaking down the potential reversal zone the price line recovered soon and started the rally:
But this time we have strong support at $0.10, therefore, in my opinion, this time there are fewer chances for the breakdown.
Now on a daily time frame, XLM has formed a bullish Gartley pattern.
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
Stellar Lumens XLM Is Getting Closer To a Huge BreakoutHi friends hope you are well and welcome to the new update on XLM.
Big down channel:
On a weekly time frame, from Feb 2018 to April 2020 Stellar formed a very long-term down the channel.
Huge BAT move:
During the formation of the aforementioned down channel XLM also formed a very big harmonic bullish reversal BAT pattern, which I also shared with you in 2020 as below:
www.tradingview.com
After the completion of the above BAT move, XLM surged around 1000%.
Another big falling wedge pattern:
Now again on a weekly time frame, during a big drop XLM has formed a big falling wedge pattern. The priceline entered the wedge on May 21 and still moving in this big falling wedge pattern. Now the movement of Stellar has been squeezed inside this huge pattern.
The key support and resistance levels:
XLM has already tested key support of $0.10 and if it breaks out the big wedge then the next key resistance will be at $0.12.
Descending triangle:
On a daily time frame, for more than 4 months XLM is moving inside a descending triangle, and now the movement of the price line is also getting squeezed inside this descending triangle, therefore, soon we can expect that priceline may break this triangle. If Stellar breaks down the support of this triangle then the target to the downside is at $0.045, however, we have key support at $0.10, therefore, it will be really very difficult for XLM to break down this support, and in case of break out the triangle’s resistance, the target to the upside is approximately $0.18. In that situation, Lumens can also easily break out the wedge and also the key resistance of $0.12. By the way, the target for the break out from a big falling wedge pattern, which has been formed on a weekly time frame is approximately $0.75.
Conclusion:
After a big drop XLM has formed a big falling wedge pattern and now the movement is quite squeezed that is another signal that soon the priceline can break this pattern soon. As it is a kind of repetitive move like XLM previously formed from 2018 to 2020, therefore, we can expect that this time Stellar can start a big rally after breaking out this huge pattern.
Stellar (XLM) formed bullish Gartley for upto 12.50% moveHi dear members, hope you are well and welcome to the new trade setup of XLM .
Previously I shared a long-term trade setup for XLM , which is still in play:
Now on a 4-hr time frame, XLM has almost completed a bullish Gartley pattern. There is also a hidden bullish divergence, as the priceline is forming a higher low and Stochastic is setting a lower low.
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
Stellar Lumens XLM Is Using The Support Of Previous TriangleHi friends, and welcome to the new update on Stellar.
Big wedge and key support:
On a weekly time frame, XLM has bounced from the key support of $0.12 and the support of a big falling wedge pattern. This move can also be seen on a monthly time frame.
After breaking out this wedge the next move can be up to $0.75, which is the top of this wedge. Before this XLM had already broken out a big channel as well.
Symmetrical triangle and external supports:
On a 4-hr time frame, Stellar has broken down a symmetrical triangle. But it has still a down trendline support and the previous triangle's support is also still in play. Therefore,
there is a probability, that XLM will breakout the resistance of the triangle using these supports. After the breakout XLM can also break out the next resistance of $0.154.
Conclusion:
Even though Stellar has broken down the triangle but some external supports are in play therefore, there is a possibility that stellar will breakout the same triangle whcih is broken down.
Stellar (XLM) formed bullish Gartley for upto 2460% rallyHi dear patrons, hope you are well and welcome to the new trade setup of XLM.
On a monthly time frame, XLM has formed bullish Gartley pattern.
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
This Move Of Stellar Lumens XLM Can Be A Confirmation Of AnotherHi friends hope you are well and welcome to the new update on Stellar.
Broke down the channel and H & S:
On a 4-hour time frame, XLM formed a down channel and during the movement within the channel, the priceline also formed a Head & Shoulder pattern. Finally, XLM broke down the neckline of H & S and the support of the channel.
The target for the Head & Shoulder pattern to the downside was $0.15 and the price action even moved lower than this target. Right now the pricline line is moving up and if it will be rejected by
the support of the channel (which is now working as a resistance) then it can set another lower low.
Short-term support and resistance levels.
On a 1-hour time frame, there is $0.14 support and the priceline has bounced from there and now moving between the $0.15 support and $0.16 resistance levels. If it breaks out $0.16 the next
resistance levels will be $0.17 and then $0.18.
Huge falling wedge:
On a weekly view, Stellar has formed a huge falling wedge pattern and now moving down to the support of this pattern. If XLM tests the support of the wedge then it can drop at $0.12. But after
testing the support a big reversal move is possible.
Conclusion:
On a smaller time frame, If the priceline will not be able to breakout the support of the channel as resistance, then the next move can be $0.12. But on a bigger view, after testing the support of the wedge big bullish reversal will be started.
This Is Why Stellar Lumens XLM Should Be Your Top PickHey friends hope you are well, and welcome to the new update on Stellar coin.
Breaks down significant support:
On a weekly time frame XLM is breaking down a very significant support of $0.16. This $0.16 level has been working as strong support and resistance since Mar 2018. Now the next major
support will be at $0.12.
Broke down channel and H & S:
On a 4-hr time frame, XLM has broken down a down channel and a Head & Shoulder pattern as well. The target to the downside for H & S pattern was $0.15 and XLM has reached there.
XLM might test the support of big wedge:
On a monthly time frame, XLM is moving in a huge falling wedge pattern. Now after breaking down $0.16 support, it is possible that Stellar may retest the support of this wedge.
We should remember that previously when stellar broke out a huge channel we had around 1400% move and from the low to the high, that was about 3000% rally. Same is the previous move XLM can start another massive rally after breaking out this new falling wedge.
Conclusion:
Ona bigger time frames, stellar is moving in a falling wedge pattern, which is considered to be a bullish biased. Therefore, there is a high probability that after testing the support of
this wedge, XLM once again starts a long-term bull run.
Stellar Lumens XLM Dumped Once Again But Still Has Big PotentialHi friends hope you are well and welcome to the new update on XLM:
Fake out:
On a 4-hr time frame, a few hours back XLM was breaking out the down channel but infact it was a fake out. Because, after breaking out while re-testing the previous resistance of channel as support stellar has re-entered the same channel.
Long-term support zone:
Now there is a long-term support zone that starts from $0.18 and goes to $0.16. Right now priceline of Stellars is moving in this zone. This support area has been working as strong support and resistance since Mar 2018.
Huge wedge formation:
On the monthly time frame, there is a huge falling wedge has been formed. Previously in the same time frame, XLM broke out a big channel and started a big bull run. Therefore, after breaking out the current wedge we can expect the same move.
Conclusion:
On the short term, there is a sell-off, but in the long-term XLM has a huge potential to start a massive move.
Note: Above idea is for educational purpose only.
💡Don't miss the great buy opportunity in XLMUSD @StellarOrgTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1995).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XLMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 0.2062
TP2= @ 0.2122
TP3= @ 0.2187
TP4= @ 0.2265
TP5= @ 0.2342
SL= Break below S2
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XLM LONG POSITION SHORT TERMWe just bounced off of a strong demand zone, XLM has a strong correlation with XRP and since XRP is rising we are expected to see XLM rise as well, Our targets are at liquidation zones that market made by going down.
Indicators:
AROON: Already is showing strong bullish momentum
EMA: We just crossed 50 EMA zone that shows bullish momentum
Bollinger bands: We bounced off of a bottom Bollinger band.
Entry: 0.206510
Invalidation: 0.160401
Target 1: 0.257
Target 2: 0.3064
Final Moments To Catch Stellar Lumens XLM At This SupportHi friends, hope you are well, and welcome to the new update on XLM.
Falling wedge:
On a daily time frame, XLM is bounced from the support of falling wedge pattern with bullish divergence.
Broke out broadening wedge and a re-test:
On a 4-hr time frame, Stellar broke out the resistance of a broadening wedge. Now the priceline is testing the resistance of this wedge as support. There is also a 50 simple moving average support as well.
Tested strong support:
On a weekly time frame, XLM has already tested the $0.18 support and is also likely to form a double bottom as well. Once the priceline will be able to breakout the resistance of the falling wedge
which is formed on a daily time frame then it can reach the big resistance of $0.44.
Conclusion:
If XLM successfully re-tests the resistance of broadening wedge as support and starts a bullish reversal move from here, then there will be a high probability for the breakout from the falling wedge as well.
Stellar flag pattern breakoutEasiest long of my life, blue lines are a flag pattern, I will be using this for my conviction, if we form a lower low and breakout of the corrective channel then I will be bearish (red) otherwise my thesis is bullish (green) using green resist as support would be #1 for bulls
XLM CLEAR BREAKOUT INCOMING WATCH NEXT DAILY OPENif you are looking to short or long XLM here is your chance were in a rising channel which is usually a bullish sign but with the bearishness of the market you may want to look for a short... Either way here are key support and resist lines as well as how I expect and bearish scenario (red) and a bullish scenario (blue) to play out