$XLM targets $.25-.37?CRYPTOCAP:XLM is breaking out of 3 month bull flag.
Targeting $.25-.37 on the upside.
The first major resistance should be around $.22 which is the target of the flag.
Let's see what happens over the coming weeks.
XLMBULLUSD trade ideas
Trade Ideas ~ Selling, unless the market wants something else. Looks like the candles are at a retest of the previous support. It’s possible we may get a surge above the resistance with the news of XRP. At the moment, the chart is looking like a sell to me. Either way, you have 2 trade ideas. The first one being a SELL we are high enough to the resistance line, please do set a stop loss. If we do get a surge of volume from the news and we close some candles above the resistance, then close the sell and look for your BUY.
No exact numbers here so close your trades when you feel comfortable, we are on the 4HR chart.
The holidays are coming too. Right before thanks giving, volume starts to slow down. From previous years, I’ve leaned to not even trade before and after thanks giving. Occasionally you may get a nice Christmas WIN. Have fun.
XLM 10/15/23XLM will rise around $0.110800 Then correct. XLM already rolled over! Just like the rest of crypto, silver, gold, stocks & real-estate!
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Crossed trend line on 4hr. Are we retesting for the sell?Candles closed on the other side of the trend line on the 4hr. Are we retesting the previous support for a nice sell? Could possibly be a fake out for a sell too. You could do 2 scalp trades. One to retest the broken support and then another sell to the diagonal trend line.
If we find support above the broken support. Then I’d wait for the charts to go back to 13. Watch it close many many small trades to play on:
Looks like we’re headed back to .9 Had initial closed over diagonal resistance until today. Made a new low. Adjusted diagonal resistance. Looks like we’re going back to .9
Market always doing weird things.
Will 61.8% Level Hold?Price as playing with the 61.8% Fibonacci Retracement level. This level has been acting as a strong support since August 17, but the pressure of the sellers keeps bringing the price back to this support level, which is not a good sign for the bulls. One one hand I remain bullish on this asset for the medium to long term, but my short term outlook is that if we don’t see multiple green candles soon we will have to visit 78.6% retracement level. This correction wave is the second wave of the 5 bullish elliot waves. A correction below 0.786 will invalidate the idea of a 5 bullish elliot waves.
Next move for the next several months to .26 ?Looks like we are at a good place to buy. Candles have closed over the downward trend line. Would keep an eye on it for the next couple of weeks to make sure it doesn’t go down a tad more. I’m if it does just adjust the downward trend line to the new low and wait for the candles to close on the other side again. The fib level is holding. If it holds, could see it follow through over the next several months to .26 cent. Depending on momentum, could do level 2 and 3. Either way. It feels like a good play to me.
XLM 9/29/23I got in XLM 9/21/23 @ $0.112120 riding it up & down!
I will sell when BTC hits around $35,000
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XLMUSDTThe indicator on the 1-day chart indicates oversold conditions. We have an imbalance zone. And good support that the bears cannot break through. There is also a smaller goal - the exit from the wedge. But I expect a major movement with an overshoot. 1:5 is good enter point
Will XLM Buyers regain control?Sideways Movement: XLM is stuck in a consolidation phase, struggling to gain momentum.
Death Cross Warning: The declining 50-day EMA is nearing the 200-day EMA, signaling a possible death cross.
YTD Growth: Despite the consolidation, XLM has a 34% year-to-date growth.
Discounted Price: XLM is trading at a 42% discount from its 52-week high of $0.1959.
Intraday Fall: XLM's price is at $0.1123, with an intraday fall of 2.04%.
Buyer-Seller Struggle: There's a constant tug-of-war between buyers and sellers.
Psychological Support: Buyers seem to be holding the line at the $0.1092 mark.
Technical Indicators: The DMI indicator shows a falling ADX line, indicating loss of momentum.
Indecisive State: The DI lines in the DMI indicator are merging, reflecting market indecision.
Bullish Reversal: A move above the 50-day EMA could push XLM to $0.13, a 15% jump.
Bearish Scenario: A breakdown could see XLM plummet to $0.1069.
Market Recovery: The overall crypto market is recovering, which could influence XLM's direction.
XLM Stellar Is Due for Another Pump? Based on the fact that BINANCE:XLMUSD.P is positively correlated with BINANCE:XRPUSD
It makes sense to expect between 10-15% pump from the current support level.
However, XLM is more volatile than XRP, but they often exhibit similar price action on higher timeframes.
I am going to open a long position on this with 5x leverage as usual:)
The pattern looks cool as well.
What are your thoughts about this analysis?
Let me know in the comment box.
If this analysis makes sense to you, follow me now and support my idea.
XLMUSD - Support Level Reached A support has formed along this trend line above the double bottom below
I believe this will be a point of recovery for XLM
The trend line can be seen due to the points of both support and resistance.
XLM TREND ANALISIS"With this analysis, everything seems clear, but there is a second factor that comes from below the previous line of resistance. And the trend will be further determined by higher levels of support. :)"
XLMUSDT Price AnalysisUpdate:
Here are several noteworthy observations in the current price action on the chart. Firstly, the recent trend has transitioned from bearish to bullish following the formation of a candle above the CHOCH. Secondly, an Anti Cypher pattern has emerged on the chart, signaling a bullish sentiment. Thirdly, an ABC leg is currently forming on the chart, with the final impulsive leg (C Leg) yet to be completed. That leg can go much upwards which I already mentioned in its path but that could take longer time to go. The chart includes marked targets and stop losses.
Also you can DCA this till Bullish OB as it may retrace down to it, so plan according to it.
Please note that this analysis is not financial advice. These observations are based solely on my knowledge, and it is important to remember that predicting future market conditions is inherently uncertain.
Steady with Stellar XLMStellar Lumens LSE:XLM
Shared originally elsewhere and forgot to post here. Since then we had this 16% drop as expected.
This sort of scenario would not surprise me and would be a great opportunity buy off of some strong support. That being said an entry on the 200 day SMA could be considered but its clear to me where the ideal buy zone is. Long term spot holders can ignore.
Please review the long term chart i completed for stellar, its paints a clear long term picture
PUKA
XLMUSDTWe have a long signal on the daily indicator. These are short term goals. I expect 100% completion on the hartley. There will also be continued growth after these values
Will Stellar Crash Under $0.10?XLM price shows a descending triangle pattern in the daily chart.
Prices are close to the 200-day EMA and $0.11 demand zone.
A breakdown below $0.11 could lead to a plunge to $0.096.
Recent 17% pullback from resistance trendline.
Sideways trend indicates a lack of bullish momentum.
Market price crosses under the crucial 200-day EMA.
Possibility of a death cross if demand zone breaks down.
Currently trading at $0.112 with an intraday gain of 0.37%.
Daily RSI line is declining, approaching the oversold zone.
MACD and signal lines struggle for a bullish crossover.
Bearish histograms are ready to resurface.
Stellar Lumens price is at a critical juncture.
XLM Looking Bullish On The DailyThis is a daily chart of XLM and price appears to be making a double bottom with money flow rising from the red and divergence nearly confirmed on the daily.
Current trading plan is long entry from current price with a 1-3% stop loss invalidation area.
Target 1 will be a 1/3 retrace of the last swing for approximately 5% and the second target will be the center of the golden pocket of the swing at .124 10% higher than the current price.
Trade Well.....
Support Under AttackThe support level marked in light green is being attacked by the sellers. A level once acting as the resistance has turned into a support that may or may not hold. A close below this level on the daily chart can push us back to the support level shown in yellow, which might attract lots of small and big buyers to potential bullish Elliot waves.
See You At The Green ZoneI think the green zone is a suitable support level for the price atm. The trend line also confirms the support level and depending on how fib levels are utilized. The green zone can be considered the 0.618 support level, which I think might be a good spot to buy.
NOTE: DYOR. EVERYTHING IN THIS CHART MIGHT BE WRONG.
XLM 9/16/2023 ($0.082420)XLM will fall around $0.082420 around the end of the year 2023!
Great opportunity to whale in!
Get dry powder! Get ready to strike!
XLM 9/16/23 ($0.082420)XLM will fall around $0.082420 around the end of the year 2023!
Great opportunity to whale in!
Get dry powder! Get ready to strike!
