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XLMBTC trade ideas

XLM/BTC New Lower Highs | Key Resistance To Break! Hello Traders! Today’s chart update will be on XLMBTC which has been putting in lower highs as it approaches a key structural resistant level... Will bulls have momentum to break resistance? Points to consider, - Overall trend putting in higher lows - Key resistance yet to be broken - Stochastics projected up - RSI respecting its trend line & Neutral - EMA’s giving price resistance - Volume below average - VPVR decreases in transactions XLM has had a decent run from yearly lows, putting in consecutive higher lows; a trend change confirmation will only come to fruition if and when the structural resistance is broken convincingly. Resistance is looking staunched as of right now due to multiple rejections, price must hold above to avoid a false break. The stochastics right now is projected to the upside, can stay in lower regions for an extended period of time, however there is lots of stored momentum to the upside. RSI is currently neutral but is respecting its trend line, it needs to maintain to hold a higher low projection. The EMA’s is serving as resistance at current given time, it needs to cross bullish upon break of resistance to give added support for the bullish momentum. Volume right now is below average, an influx of volume is required to confirm direction of trend and to avoid a false break. The VPVR shows a clear decrease in volume of transactions, this signals that bulls will have low levels of resistance poised if and when price breaks structural resistance. Overall, in my opinion, a confirmed trend change will only hold true if structural resistance is broken. Targets for this break can come from the Fibonacci extensions, price is likely to reach the 2.618 Fibonacci extension due to the low level of volume transacted on the VPVR. What are your thoughts on XLMBTC? Please leave a like and comment, And remember, “Sometimes the best trade is no trade.” – Anonymous
by AzizKhanZamani
4
XLM/BTCKeep it simple! Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade. With a weekly view of XLM we can see it has come down to the first green box and held an important level at the 5400's Sats. For those that entered the trade, your first profit target should have been hit, and the trade is not profitable. Two outcomes are likely to happen here now. 1 - XLM will continue to make higher lows at this range and test new levels of resistance which were previous support OR 2 - XLM re-test the green box at 5400 and this breaks. If this happens then your next entries should be in the second green box range. This is a final support level which has yet to be tested. In both cases the set ups are easy, and the stops below the boxes make the risk to reward VERY good. Please note that the boxes are a range, so you should be laddering in and out your positions. This means the price is averaged in your favour.
by djhodnett
3
Time to put attention on Stellar (XLMBTC)Hi, Guys! In this new study by Stellar, we looked at the established high channel and increased volume. At the moment, despite the widespread drop in cryptocurrencies, there is a good chance of maximum support at 0.00000780. And we are close to that point. By reading the bullish channel, it is still possible to go a little further down to 0.00000750. If support is confirmed, a new bull race will take place this holiday season, a great profit opportunity to start 2020 well. Thanks! Shaman
Long
by gabaonogueira
Stellar Lumen It is supported by 20MA. If it falls, there's a good chance it will touch 0.00000600. We expect prices to remain in the box range between 0.00000600 and 0.00001078. A weak uptrend line exists and we should check to see if we can support it. I'm back in the downtrend line. It is most urgent to break out of this downward trend line. If it falls, you are likely to touch the 0.04642767 point. Below 0.06260065 is a medium to long term investment area. We also believe that the stock can be bought only after falling out of the downtrend line. Please note that you are not in a trading position.
by readCrypto