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XLM Stellar UptatesXLM Stellar Updates While the arrival of the first physical replication Bitcoin ETF in the United States appears imminent, an event that would completely revolutionize the vision and accessibility of the crypto sphere, by investors who do not have the time and/or desire to invest through a wallet, BTC comes to the all-important level of $ 55,000, previously accumulated. ETHEREUM and ALTCOIN also all move like their big sister and today we are going to analyze Stellar (XLM) which reaches the 200 moving average again , a very important level that has again rejected the price on 7 and 9 October. Exceeding the average and subsequently, the € 0.36 ($ 0.43) level could give rise to a significant rise. But above all, Bloomberg News, the partnership with Moneygram is now official and this could be the beginning of the rise of one of the most promising cryptocurrencies. From a graphical point of view, the low of 20 September confirms for now the upward trend that began after the double low of June and July. Dynamic support was created, highlighted by the up trendline. However, this trend will have to be confirmed, as previously mentioned by the breaking of the graphic and volumetric resistance in the € 0.36 zone ($ 0.43) which, moreover, remains the first price target for short-term trading. Happy trading Lazy Bull DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Long
by LazyBull5
Stellar (XLM) UpdatesWe are in the middle of summer. Blistering heat and vacation cravings have historically never been an exciting mix for the stock markets. Low volumes, profit-taking, almost all economic sectors in "pause" before the autumn rally (apart from the tourism and oil sectors, even with the covid, there was a slight recovery this year). Apart from the anomalous situation of oil , the still interesting one of some airlines and some actions that, as we will see, again break the all-time highs, how is the cryptocurrency market going? While I am talking to you, the crypto that seems to be placed better among the "big" is certainly Ethereum, which returns above the average at 200, and seems to be heading towards a new bullish phase (which will have to be confirmed with the break of € 2000). In any case, today I want to bring you a small cryptocurrency, in my opinion very interesting both from a speculative and buy and hold aspect: Stellar ( XLM ). After the excellent start of 2021, which lasted until mid-May, we saw the sell-off that led Bitcoin to lose more than 50% and all the smaller sisters followed suit. However, the support of 0.16 has recently marked a double bottom, from which purchases restarted 3 days ago, marking, especially on July 22, a + 17%. To have a trend inversion, the price must exceed € 0.25 and then aim to exceed the 200-period simple moving average , after which we will have further confirmation. The maximum of 0.65 was reached only 3 months ago and this is the double face of the same coin of crypto assets. Incredible opportunities due to their volatility , but also extreme risk. Personally, I only use a small part of my portfolio to invest in Ethereum and some altcoins. I believe it is the wisest and smartest thing to do. As for the targets, once the SMA 200 (blue line on the chart) is exceeded, 0.42 is an interesting level, especially volumetric, while 0.50 will be the real divide to reach and exceed the all-time high of 0.65. Levels are still far away, but let's remember the time it took for the price to get to where we are now! Lazy Bull DISCLAIMER: I am not a financial advisor nor a CPA . These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Long
by LazyBull5
XLM 21.02 Big day but better is yet to come (after dump 22.02)First I really want to explain that, that at the beginning I couldn't understand why XLM pumped continuously last 13.02 /14.02. With XLM you always have to check their newsletter to "justify" any price increase on the chart (Bitbound, Ukrainian Government). Because this last pump we didn't have "significant volume" (peak) we can say that might be an effect of their newsletter again: News like: ..."Another development worth watching in 2021 is the U.S. Office of the Comptroller of the Currency’s January announcement that federally chartered banks can act as blockchain node validators and use stablecoins. With one bank-issued stablecoin already on the network and traditional financial institutions increasingly looking to catch up with the digital currency revolution..." --> "German real estate giant issues debt via Stellar blockchain" --> "COINQVEST Receives European Virtual Currency Service Provider License, Partners with nTokens to Bring Enterprise Cryptocurrency Payment Processing to Brazil" Now matter the pump,dump or sideways I'm just bullish on Stellar Lummens because you just need to "'Shoot for the moon and even if you miss, you'll land among the stars.' (Norman Vincent Peale). NOT TRADING ADVICE. DO YOUR OWN RESEARCH. So about the chart: Purple line - "fractal" from previous pump (07.01-13.02) After 13-14.02 pump, we went to a descending triangle correction (red triangle). We so low to point "B" from big black ascending triangle (predicted by the previous pump) returned to the red triangle (fake breakout) but after we confirmed breakout recognizing a big diagonal resistance (red line) and a downward trend (also MA, RSI confirmations). After this, we were searching for another higher low - "B point green triangle - ( and we found out next support diagonal - blue line). We started to construct a "green" ascending triangle (that we are still inside and gives us the next target (green vertical line)): 0.48394 (approx: 21.02). This target is point "C" of the big black ascending triangle (calculate with the angles of current trend). At this point, it will be hard to do a breakout (to the north side) because it's only the 3rd attempt (green resistance line). So a correction to point D might occur. Pressure will be hard and we even might break the support of the "blue line" (if we follow the trend of the last pump and also because it's expected a retracement from BTC and ETH..... and Monday 22.02.2021 is the decision day from SEC - XRP), so Monday everything will be quite unstable). Maybe XRP holders will come to XLM, or in general market will get ready for the upcoming wave... The blue box above the chart is a "copy" from the highest point of 07.01 until 13-14.02 highest point and placed on this last point. So $0,7472 is my target for the next pump (22.03.2021). All the other targets (positive) are there. Please notice that this isn't trading advice. It's very important to me, that if you read this long explanation until the end to give me some feedback. Wish you all the best ;-)
Long
by prodigy81
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