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Xlmusdt

XLM > At a Support Zone > How to trade?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of XLM. I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITFINEX:XLMUSDLong
by tradethrill
3
XLM Surges After MoneyGram Takeover Rumour Stellar Lumens surged by a strong 12% today as it surges to $0.25. The push higher allowed XLM to climb above the 20-day MA and break a long-term falling trend line. Against Bitcoin, XLM also pushed higher to 774 SAT and is back above the 20-day MA for the first time since May. XLM surged a strong 12% today after rebounding from support at $0.2 earlier in the week. The push higher has allowed XLM to break a falling resistance trend line that was established at the end of May. It also allowed XLM to break back above the 20-day MA for the first time since mid-May (providing today’s candle closes around $0.25. The surge occurred after the news circulated that the Stellar Foundation is planning on executing a takeover of MoneyGram. The acquisition was reported by Bloomberg, and it states that the money transmitter business would be bought by The Stellar Foundation in a partnership with Advent International. MoneyGram, established in 1940, previously had an investment from Ripple after they acquired around 10% from a $50 million investment. However, the partnership was dissolved after the US SEC launched litigation against Ripple. Stellar Lumens is now ranked in the 17th position with a market cap value of $5.78 billion. Stellar Coin Price Analysis What has been going on? Taking a look at the daily chart above, we can see that XLM dropped beneath the 200-day MA at the start of June and established a solid downtrend from there. It had previously dropped from above $0.75 to reach $0.35 during the mid-May market capitulation that the entire industry experienced. XLM dropped as low as $0.2 during June and rebounded from there toward the end of the month. However, it was unable to overcome the 20-day MA and continued to drop lower in the first half of July. During this week’s BTC price drop beneath $30K, XLM fell lower to $0.2. However, the daily candles did not close beneath $0.212, where it found support at a .786 Fib Retracement level. XLM rebounded from $0.212 yesterday and the 12% price hike today allowed XLM to break above a long-term falling trend line that was established toward the end of May. Additionally, XLM also managed to break above the 20-day MA. If today’s candle can close above the 20-day MA, this would be the first candle closing above it since mid-May, before the market capitulation. Stellar price short term prediction: NEUTRAL XLM is neutral right now, but a drop beneath $0.2 would certainly turn the market bearish. On the other side, it would possibly have to rise above $0.4 (200-day MA) to be considered bullish in the short term. However, a break above $0.3 would signal the first move of a short-term bullish rebound. Looking ahead, the first support lies at $0.24 (20-day MA). This is followed by $0.212 (.786 Fib Retracement) and $0.2. If the bears continue to drive XLM beneath $0.2, added support lies at 40.176 (downside 1.272 Fib Extension), $0.163 (downside 1.414 Fib Extension), $0.15, and $0.144 (downside 1.618 Fib Extnesion). Where Is The Resistance Toward The Upside? On the other side, the first resistance lies at $0.25. This is followed by $0.28, the 50-day MA, $0.285, and $0.3. Beyond $0.3, additional resistance is expected at $0.339 (bearish .236 Fib Retracement), $0.35, $0.4 (200-day MA & 100-day MA), and $0.426 (bearish .382 Fib Retracement).
by CoinCodex
XLMUSDT Might break above the Resistance Welcome back Traders, Investors, and Community! Hi Traders, XLMUSDT on H4 has been making a Bullish Flag which is an indication of the Bullish trend continuation how ever before it goes up the price might go to around 0.218 and then goes up . We might get a break above the Resistance so on the lower TF we can look for potential entries. ⬆️Buy at Resistance Breakout or Buy at 0.218 ⭕️SL @ 0.193 ✅TP1 @ 0.284 ✅TP2 @ 0.343 ✅TP3 @ 0.459 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Long
by Fibonacci-Signals
XLMUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4-hour time frame. The price entered a downward phase after its ascent and is fluctuating inside the channel. We feel that the price of the template has taken the rising flag and in the next few days, if the channel breaks, it will be able to touch its targets. We have identified support and resistance for you. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Long
by MarsSignals
WTCUSDT, XLMUSDT , BELUSDT , CAKEUSDT All Might Go Up Welcome back Traders, Investors, and Community! Hi Traders, WTCUSDT on H4 has formed a large Green candle right below the Resistance, if we get a breakout above the Resistance, after the retest there is high chance of for continuation to 0.91 and 1.17 XLMUSDT on H4 seems that it has gotten the last Rejection from the Support line of the channel and despite of having multiple rejections from the Resistance line of the channel the bears don’t have enough power to pull the price lower. If the breakout happens there is high chance that the price goes up to 0.340 BELUSDT on H4 has been making HHs and HLs, if we get a breakout above the Resistance there would be chance that the price goes high up to 1.39 CAKEUSDT on H4 has been making HHs and HLs, we have a breakout above the Resistance there is high chance that the price goes high up to 14.90 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
WLong
by Fibonacci-Signals
XLM moving in an Ascending Bear Triangle. Huge DIP comingXLM is moving in an ascending triangle and the pattern looks bearish to me. I has already touched point D of ABCDE pattern and I think it should meet point E at around 0.31 zone. Post this there should be a major DIP. How far it can drop we need to wait and watch. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Short
by Manjyot
Huge Buying Opportunity SOONSorry for the mess friends. I have been watching this run up the whole time as its been forming and the continued price action has only confirmed what I've thought the whole time. IF I'm correct and we finish wave ii (circled) with an expanding flat formation, following a leading diagonal...BIG IMPLICATIONS. I'm hanging my hat on the belief that the big green box is a leading diagonal, meaning we will be entering a wave 3 of a 3 of a 3. That's the same wave that took BTC to 20k for the first time. If we break down below the $0.20 to $0.22 range, I'd say this count is invalid. If we hold it though, we're likely going to do 100x(+) long term from here. (Not financial advise. Just what I see)
XLong
by MonetaryRebel
10