XRP vs XLM macro breakout?Who is gonna be stronger?💪 This is comparison XRPUSDT / XLMUSDT , so if the:
*price is going up, it means XRP is stronger than XLM
*price is going down, it means XRP is weaker than XLM
My last analysis (11/08/2022) of this pair anticipated the Head and Shoulders but the pattern has not been actually triggered as the neckline has not been broken and the formation was invalidated later.
Last months Ripple is much stronger than Stellar and the chart actually drawn huge inverted Head and Shoulders with Neckline being at the previous chart high @ 4.67. Now XRP is trying to get above the Neckline and stay there to confirm the breakout. IF that really happens, we could see run up to 8.62 meaning that 1 XRP would be worth 8.62 XLM, while now it's just 4.67 XLM. In other words Ripple would gain 85% against Stellar no matter what the USD value does. All the uptrendlines could act as magnets attracting and repeling the price. Invalidated below right shoulder @ 2.67.
To sum it up, I think that in the following months, Ripple could be stronger than Stellar with some pullbacks along the way. What's your take?
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Xlmusdt
#Stellar Firm from $0.07 as XLM Trading Volumes SwellPast Performance of Stellar
Stellar prices are up five percent from December lows. Per the XLMUSDT price action, buyers appear to be taking charge after steep losses last year. XLM plunged 77 percent from January 2022, dropping as low as $0.070 by the end year. However, things are beginning to look up for buyers following gains on January 2.
#Stellar Technical Analysis
Overall, XLM prices are bearish from a top-down preview. The primary support is at $0.07, flashing with December 2022 lows. On the other hand, primary resistance is at $0.077, coinciding with December 19 highs. Following the gains of January 2, aggressive traders can look to double down their positions, targeting the short-term resistance level. It is worth noting that prices are higher with rising trading volumes, a positive development. Further gains above $0.077 and middle BB may pump XLM towards December 16 highs at $0.082 as the coin bottoms up.
What to Expect from #XLM?
There are higher highs relative to the lower BB though the downtrend remains. Going forward, sellers remain in control, and XLM must clear the above immediate liquidation lines for buyers to establish themselves.
Resistance level to watch out for: $0.077
Support level to watch out for: $0.070
Disclaimer: Opinions expressed are not investment advice. Do your research.
XLM - Probability of retesting the support levelXLM has been in a gentle downward trend over the past week, and the price has entered a range that has raised the possibility of a complete breakdown of the monthly time frame support. The downtrend line that was considered on the chart has not yet been broken and the price is far away from the downtrend line. A resistance is considered in the range of $0.0777, which is the ceiling range of the last bearish wave in the 4-hour timeframe. On the other hand, a double bottom pattern is formed in the range of $0.0710, which the break of the $0.0725 resistance can confirm this pattern.
Of course, if a bullish candle is formed above this area. In this case, we can expect for the next week that the buyers will make an attempt to return the price to the specified dynamic resistances. After a possible reaction to this resistance, there is a possibility of a retest of the support level and the formation of a double bottom pattern, which is confirmed by the failure of the resistance pattern. In this case, we can consider higher targets in the ranges of 0.082 and 0.090 dollars.
Coinbase to delist Bitcoin Stellar XLM from Coinbase Walletpast short setup
Coinbase to delist Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP (XRP), and Stellar ( XLM ) from Coinbase Wallet!
My price targets:
XLM/USDT short
Entry Range: $0.085 - 0.090
Price Target 1: $0.079
Price Target 2: $0.0.071
Price Target 3: $0.069
Stop Loss: $0.111
XLMUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
growth from current price or through one more decline in zone 0.07 - 0.065$
I dont wanna miss trend that's why im already in pos and will buy more if we get one more decline.
Entry: market and lower (0.085 - 0.065)
Targets: 0.1 - 0.12 - 0.135 - 0.15
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
#Stellar Lumens Floats from $0.082, XLM under PressurePast Performance of Stellar Lumens
Stellar Lumens prices are steady at spot rates, moving tight inside a broader bear flag and technically bearish from a top-down preview. Even though there are flashes of strength, bulls must push above immediate resistance levels at $0.092 and later at $0.10 if XLM is to recover.
#Stellar Lumens Technical Analysis
XLM prices are inside a bear flag and bearish, trending in line with losses of early November 2022. Although the broader crypto market appears to be bouncing higher, XLM has support at around $0.082. While there are higher highs relative to the lower BB, prices are within a bear formation. Aggressive bears can unload on every attempt below $0.92 or November 9 high. However, any surge above this line will constitute a bull breakout formation, an opportunity for XLM buyers to load the dips, aiming for $0.10 or November 10 highs. Conversely, sharp losses below the immediate support may force XLM lower to $0.065 or Q3 2020 lows.
What to Expect from #XLM?
XLM is under significant pressure at spot rates, down over 90 percent from 2021 peaks. Accordingly, buyers must strive to push prices above the immediate liquidation levels and reverse November 9 losses for bulls to stand any chance of catalyzing demand.
Resistance level to watch out for: $0.092
Support level to watch out for: $0.082
Disclaimer: Opinions expressed are not investment advice. Do your research.
XLMUSDT Elliott Waves (Local Setup)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 0.095 - 0.102 - 0.105
after first target reached move ur stop in breakeven
Stop: ~0.083 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4.5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Stellar reacted well to its monthly support level!Stellar reacted well to its monthly support level over the past week. After the price of this currency hit the support level of the previous floor due to the formation of positive divergence in the daily time, the price of this currency increased in the 1-hour time. The trend is bullish on the 1-hour time frame but not yet on the 4-hour time frame, and we can see the range area on the chart. Several resistance support ranges are considered on the chart.
The closest resistance that the current price is below this level is in the range of $0.090, which, if this level is broken with buying pressure, the next targets for buyers are in the range of $0.097 to $0.100. In general, due to the price of this currency in the above time frames, it has been placed on important support levels, and the possibility of its trend being ranged for several weeks is high. Price growth can be accompanied by a negative reaction after reaching the resistance of the $0.10 range, and further support levels can be tested.
🧑🚀 STELLAR LUMENS (XLMUSD) - Bullish towards resistance!Stellar Lumens has found support in recent days and looks likely to retest resistance as shown. If we can get above the Fibonacci level of 0.382 then this might be able to kick in as support for the retrace and ignite further upside. Play it safe risk wise, the markets have a lot of negativity at the moment.
XLMUSDT New ATH Target after the correction endsUptrend seems nice and clean.. still heading up if no bearish penetration on the way to discourage the accumulation phase and make it a bit late, but overall after the correction, an accumulation phase starts and the rise is likely to happen and new ATH will be awaiting.
Trade infos>>>>
Trade Type: Swing
Average Time: 2 Months
Buying area: 0.45 - 0.4 ( buying once at 0.45 and another one at 0.4 is preferable ) Wait for it to reach the area then you can buy.
Wallet entry %: 10%.
TP: 0.84 ( might change when idea updated ).
Expected Profit % : 95% expected .... 60% at least.
......
Notices:
1- We might change The TP to be suitable if the TP target was too high.
2- Sticking to the rules of the trade is essential for maximizing profits and avoiding losses or any other turbulences on the way.
3- If you enter the trade it's best to follow the trade for any further updates.
XLMUSD H8: SHORT IT 30% correction TP 8500(SL/TP)(NEW)Why get subbed to me on Tradingview?
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XLMUSD H8: SHORT IT 30% correction TP 8500(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: XLMUSD 8hours chart review
::: updated/revised outlook
::: limited upside going forward
::: distribution in range / weak chart
::: heavy resistance at 1250
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: 1250 is mirror S/R BEARS
::: expecting more losses next few weeks
::: aggressive FED rate hikes guaranteed now
::: weak bounce in progress
::: S/R was re-tested produced WEAK bounces
::: recommend to SHORT SELL any rips/rallies
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT at 1250
::: final TP BEARS is 8500
::: 25-30% correction possible next
::: 3-4 weeks in October 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +30% gains - near 8500
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/25%
::: Sentiment short-term: BULLS/FINAL BOUNCE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
XLMUSDT Analysis (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 0.13 - 0.15 and maybe 0.17
after first target reached move ur stop to breakeven
Stop: ~0.099 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Is XLM in the sights for new bullish rally?It's funny. XLM, an old-school cryptocurrency, is undecided about where to move forward, or so its market would have us believe.
Currently, in XLMUSDT, on the 4H chart, a descending triangle is present, which, figures its break to the upside, but for the 3rd time. This is because the previous 2 attempts never made the ideal confirmation (on the second attempt it did but fell below, so I consider the 3rd as true) and therefore ended up creating a false break.
Now that if this 3rd breakout is witnessed with a real materialized Throwback, I can see light at the end of the tunnel for this cryptoactive.
This light is accompanied by a rectangle (range symbol) on the 4H chart, which shows the consolidation of the price after the true breakout. In turn, we must accompany this with another remarkable figure:
An ascending channel in graph 1H, which coincides with the end of a descending channel, both within the aforementioned range. And this shows upside potential knowing that said bullish channel continues to wake up until the breakout of the rectangle.
And, to complete these indicators, we must mention the 200 EMA in the 4H chart that has been mercilessly breached. Giving another perspective to this asset that may indicate, in a predictable way, a change to a real uptrend. This EMA can be confirmed to give rise to the forecast.
Also, the 200 EMA of 1D is also taken into account, which can be fundamental for the growth of XLM after 0.13$
Now, in the following image I place the possible points of Target for profit collection. Of course, depending on the objectives of each one, they will decide whether to fulfill them or go for other objectives.
Sorry for the pictures, I don't have a pro account yet. I hope at some point to have it so that my ideas are more illustrative.
It is a pleasure to bring you this new idea, and I thank you for the support I have received. I love trading and I wish that my ideas can greatly serve you all.
Salaje writes to you, until next time!
XLM | Falling Wedge Formation..!!
#XLM (update)
Falling Wedge formation in Weekly timeframe..
Seems like Bottomed out & Ready for a Bullish Rally.
In Case of Wedge Upside Breakout, Expecting +200% in the Midterm
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