Xlmusdt
XLMUSDT (stellar) Wafting for the Bull Run!XLMUSDT (4H CHART) Technical Analysis Update
XLM/USDT currently trading at $0.42
Buy-level: Above 0.44 (only buy if 4h candle closes above the resistance line at 0.44
Stop loss: Below 0.38
Target 1: $0.470
Target 2: $0.530
Target 3: $0.60
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
XLM/USDT - Possible Bullish W PatternHello traders and community, today I will tell you shortly about situation of XLM/USDT
Trend analysis
- As you can see from the XLM/USDT daily chart, we are currently going upside and completing bullish W pattern (yellow line) as most of other cryptocurrencies. Price of Stellar is going to test resistance level (red price zone: 0,51886), that's why we can see good opportunity for bullish trend. Support level (green line) stays near price zone of 0,375 and global trend is bullish as well. As a trader, I recommend to close buy position up to price level of 0,51 and also compare my possible scenario (white line on the chart) with your own strategy to be prepared for different situation. Always control chart for right signals before you start trading!
Chart pattern
- Bullish W pattern formation (functioning)
Technical indicators
- RSI: market is still in boarders and is located near 50 level (not overheated, Bull signal)
- MACD: MAs are near 0 level + they are getting closer to each other (Bull signal prevail)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal)
- MA (10,20): MA10 is going upward to the level of MA20 (Bull signal)
= Overall bull signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions in trading :)
P.S.: Information provided is only educational and should not be used to take action in the market.
Dont Sleep on XLM (STELLAR) - Correction period is overXLM has been in a correction phase for a few weeks now but seems to have bounced off the lower trend line nicely and can actually be seen trading in an ascending channel. I expect growth up to 70 cents at least with potential for hitting $1+ before the end of March.
I've opened a trade and am excited to see what happens.
This is not financial advise
If you like my analysis please like and follow
XLM still looks BULLISHXLM remains in a bullish trend.
The previous resistance was retested and rejected.
At the moment, the market is still in the bullish flag formation with a possible breakout to the target of the previous high.
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL RECOMMENDATION. This is just my point of view on the current situation.