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.
XLMBULLUSD trade ideas
$XLM Is A Simple Investment Opportunity ⏰This is a granddad of crypto like BTC, now not so much in the news anymore. Buyers have since left and the shorts are now trapped with no further selling pressure. So, there is a potential upside coming, like 88% as money starts flowing to this asset and the shorts have to exit. Remember XLM has been on a downhill since May 2021, crashing way before the great crypto crash late last year. My play is to buy at this price with no stoploss (so maximum 10% of your asset value ok) and set the take profit at 0.22 and sleep on it for 2 months max.
XLM ON IMPORTANT LEVELXLM has been on a continuous downtrend for approximately 530 days.
As we can see, it is currently moving within a descending price channel .
I think we all know what important level it is currently sitting on :)
Yes, you guessed right; The Golden Fibonacci Ratio
At the time of writing, my bias is still bearish .
However, you can count on me to keep this special project under my radar when it starts forming bullish market structure. 🥰
Keep an eye on this one pattern watchers
Don't blink 😉
XLMUSD: 4 Hour Bullish BatXLM is at the PCZ of a small Bat on the Hourly and if BTC holds up XLM should easily be able to hit 11.7 cents and maybe even over 12 cents from here.
The 11-12 cent targets are from the perspective of day trading targets but given the level it is at one could also use this as a late entry to the swing trade shown here:
XLM WILL HIT THE 55 FIB EXTENTSION!- IF you were to invest £500 by dollar cost averaging in at around £0.09 a coin, £100 a month for 5 months if it stays at this price!
- You would accumulate around 5,555 XLM coins!
- Now if you ware to divide your 5,555 XLM into 3 sections you would have 1,851 coins split into 3!
- TARGET 1 - SELL 1,851 at the 4.618 level (£2.08) - 1,851 X £2.08 = £3,850
- TARGET 2 - SELL 1,851 at the 21 FIB level (£8.94) - 1,851 X £8.94 = £16,547
- TARGET 3 - SELL 1,851 at the 55 FIB level (£25) - 1,851 X £25 = £46,275
If you have the patience and wait for XLM to reach those FIB LEVELS, then your £500 investment could be around £66,672!
- NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN RESEARH - ONLY INVEST WHAT YOU ARE WILL TO LOSE!
Stellar Lumens XLM formed a bullish Gartley for upto 27.50% pumpHi dear friends, hope you are well, and welcome to the new update on Badger DAO with US Dollar pair.
In the below previous idea after breaking down the potential reversal zone the price line recovered soon and started the rally:
But this time we have strong support at $0.10, therefore, in my opinion, this time there are fewer chances for the breakdown.
Now on a daily time frame, XLM has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Betting on Short Term Liquidity $BTCBe extremely selective about what you are buying these days. Just added XLM for a short term play. This is based on the idea that smart money will be pumping some liquidity to the stock, metals and crypto markets in the last quarter. We have seen gold/silver react to this influx. BTC and other cryptos should get the short term windfall imo. So the upside is about 20-30%. Then we have to revisit price action at a later date.
ISO Compliant Stellar Lumen (XLM) - Nearing Buy Zone?KRAKEN:XLMUSD
Fun Fact: Stellar Lumen (XLM) is just 1 of 8 cryptocurrencies considered 20022 ISO compliant and only 1 of 2 compatible cryptos that is a Member of the ISO 20022 Standards Body. Why is this important? Well, with all of the looming government regulation, it will be considerably important in the near future. Simply put, would you trust putting your hard earned money into a product that lacks universal standards, testing or calibration over a product that does? Most would answer "No!" and for good reasons. With the current monetary system being challenged heavily by fintech startups, digital payment/settlement industries and governments pushing for CBDC's, it is inevitable that change is coming for the entire landscape of Crypto currency. The question is : Are you ready?
Let's look at Stellar Lumen and identify the current market structure. We can see fractal history and similarity from previous blowoff tops... As you'll note from the circled areas, that similar patterns emerge in the structured breakdown of this bear market when compared to the prior. Does that mean it will play out the same? No. But we do know that market Psychology does repeat with boom and bust cycles. That said, let's see if the current projection mimics the previous lower low, before taking off into a new bull market cycle.
Good luck!
Note: Not Trading or Investment Advice. Entertainment ONLY
Looks Ready to MoveThis asset has always been fun to trade against USD and BTC. When XLM moves it really moves quick and swift. The price action reminds me of the end of 2020 just chopping around with low volume in a small range. We can see the range is very significant and has lots of historical price action. A break out of this range could be the start of a nice rally to the green box. The bullish divergence on the weekly is what confirms it for me to have great potential.
XLM - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XLM has been overall bearish for a while trading inside the red wedge pattern.
Lately we can see that the bears are getting exhausted, not being able to push lower as before, getting stuck inside a range forming an accumulation phase.
Moreover, XLM is sitting around a strong support and round number 0.1 and forming a double bottom pattern.
But of course, the bulls aren't in control yet.
Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the bulls take over, XLM would be stuck inside a range between 0.1 and 0.14
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich