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Xlmusdlong

XLM About To Out Perform XRP!?! (Here's How)Welcome everyone, My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. Let's Talk About XLM /USD... XLM is providing a great example that many Elliott traders take a long time to understand and that is how wave structures can mold into other counts and how to be able to determine which count is most probable and how to setup a trade on it. Notice that in the short term the size of the wave structures lead perfectly to a 1:1 extension that prints the red ABC as the most likely scenario. In the short term all 3 counts have a high probability of moving together to at least hit that target of .27 cents. We just got a perfect test of .145 at the .382 fib retracement for a 4th wave. Looking good. What happens thereafter is what I call the Y (turning point). Due to the amount of other trade styles that take part in the market we will determine at this price point whether there is more buy interest or sell interest. This offers us the opportunity to wait for the market to tell us what it wants to do and because of the Fibonacci relationships we can relate to each wave structure we can have high probability invalidation levels that warn us of a market structure break or the likelihood of one count performing over another. For example, the blue count needs to get squeezed up with a 5th wave that is of equal length to wave 1. If price fails to do this and pulls back too deeply then we invalidate the count and look for the green count to offer the next support and opportunity for the bulls to take us higher. We only want the green count to pull back to previous wave 1 support or the .382 fib retracement, so if it goes deeper than that then we have a high probability that the red ABC was the appropriate count and we're connecting to the downside. DOES XLM Have More Potential Than XRP? XLM can outperform XRP if it prints a 1,2,1,2 count which would follow closer to the Green wave structure identified in this chart. So it's definitely possible, but the key thing to take away in my opinion is the crucial reaction we are soon to see at .27 cents for XLM . I hope you enjoyed this analysis and if you'd like to stay up to date and get notifications of how this count unfolds and what we can learn from it then make sure to follow me on tradingview here and I'll keep you all posted. in the meantime check out my other assets and counts I'm following such as the ADA count below that has some upside potential as well. Want a hedge short? check out the LINK count.
KRAKEN:XLMUSDLong
by NewWave_Traders
2
XLMUSDT (Stellar) Waiting for the Descending Channel Breakout #XLMUSDT Technical Analysis Update Wait for the Descending Channel breakout Breakout XLM/USDT currently trading at $0.17100 LONG ENTRY: Only enter long after Descending Channel Breakout in 4h chart STOP LOSS: I will update once I see a breakout in 4-hour chart Resistance level 1( Target): $0.2150 Resistance level 2 (Targe ): $0.2650 Max Leverage: 4X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Long
by GreenCryptoTrades
XLMUSDT (Symmetric triangle )#XLMUSDT Technical Analysis Update ' Wait for the Symmetric Triangle Breakout XLM/USDT currently trading at $0.1872 LONG ENTRY: Only enter long after Symmetric triangle Breakout STOP LOSS: I will update once Break out happened in 4 h chart Resistance level 1( Target): $0.2410 Resistance level 2 (Targe ): $0.2870 Max Leverage: 4X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Long
by GreenCryptoTrades
XLM Bulls back in playIm long on XLM after todays drop! I think the ATH can be breached. Its a little late, but since Im looking at these more as swing trades I am trading of the 4H chart, related to this is my earlier long on XRP too. I think we can see a rapid push to the upside, but again, I trade in terms of probabilities and can close a trade at any given time, even tough I would love to hold on to these two for a little longer than normal! The pattern: Contraction ( Wedge ) leading to a rejection of 38.2% and RSI being low
BITSTAMP:XLMUSDLong
by PrimedGroup
XLM Can Hit $0.20 Within November 2020Hey friends, hope you are well and welcome to the new update on Stellar coin. Another bounce from the support of wedge: As in my previous post we have seen that on weekly chart, the priceline of XLM coin was getting bounced from the support of a rising wedge and had a strong resistance of 100 simple moving average. Now the price action of Lumens is again moving up because after hitting the 100 SMA resistance it went on the support again. This time the 100 simple moving average is moving down and entered in candlesticks, now we can expect that soon 100 SMS will completely cross down the price line to provide a firm support. The 50 SMA is still working as strong support underneath the support level of wedge. Now is the priceline will move up to the resistance then it can hit $0.135 to $0.14 easily. But if the Stellar coin will break out this level then an imminent move can be observed up to $0.20 (as per measurement of space between the tail of wedge to the support and placing it at the recent resistance level). The indicators and oscillators: If we take a look at the indicators and oscillators then on long-term weekly chart the RSI is still in uptrend and MACD has turned weak bearish from strong bearish soon it can turn bullish as well. Now we can wait for momentum to turn bullish or atleast weak bearish from strong bearish for further movement to the upside. The price action found firm support above $0.08: On the daily chart it can be observed that the price action of XLM has found a firm support above $0.08 having good support of 50 SMA as well. At the moment the price action is trying to breakout the 200 SMA. If the price action will breakout 200 simple moving average and 50 SMA will move up and form a golden cross with 200 SMA then a strong bullish divergence can be triggered because this golden cross can invite many professional traders to jump in to Stellar coin. Ichimoku cloud turned bullish: On daily chart the Ichimoku cloud has turned bullish, but the candle sticks did not cross up the bearish cloud so far. In fact the candle sticks are struggling to breakout the bearish cloud, but the lagging span and conversion and baselines of Ichimoku cloud indicator have given bullish signals therefore we can expect a breakout from the cloud soon. Conclusion: Even though the indicators are turning bullish and the XLM coin has strong support on weekly chart but I will be using the support of wedge or atleast the 50 SMA on weekly chart as stop-loss because if these supports will be broken down then a strong bearish move can be seen.
KRAKEN:XLMUSDLong
by moon333
3