$XLM - CUP & HANDLE COMPLETE?XLM looks to have come close to completing a cup and handle.
Look for a breakout to claim support above 20¢
Tea-Time
Can you Handle it?
XLMUSD.P trade ideas
XLMUSD: Closing over the 1W MA200 can lead to 0.3200XLMUSD is on the third straight green 1W candle after the massive one that broke over the 1W MA200 for the first time in more than a year. However it closed the 1W candle under it, and so did last week's. Naturally, the uptrend needs a 1W candle to close over the 1W MA200 in order to confirm more upside.
The 1D timeframe is on healthy 1D technicals but 1W is overbought (RSI = 73.412, MACD = 0.010, ADX = 20.860) so failure to close above it, can deliver a pullback towards the 1D MA50 for one final buy entry.
Based on the price as well as the RSI pattern, the current trading sequence is comparable to the July-August 2020 1W MA200 tests. That gave the pullback but after it crossed over, the first target was the 0.618 Fibonacci level. That's now at 0.3200.
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$XLM to Find Support Above 20¢CRYPTOCAP:XLM is moving to find support above 20¢
The more bullish $tellar looks the More Buliish $tellar IS
Smile! You're in the Club
XLM IS LOOKING TOO GOODWith the XRP SEC ruling XLM and XRP are both primed to keep building and eventually break out and enter a new phase of price discovery.
Stellar Lumens $XLM has been hot Stellar should stay on your radar as it is staying strong after an explosion when news broke that XRP is not a security and won their case vs the sec
Stellar (XLM) Rising to the NorthernTrend Bullish Signal
Stop at support
XLM’s price has hiked significantly over the last few years. Back in 2018-2019, it kept falling below its previous ATH of around $0.93 (recorded in early January 2018). It was only in 2021 that its price again rose, hitting a price level of over $0.7 around mid-May. However, as the cryptocurrency market collapsed in the second quarter of 2022, XLM went into a bearish dive.
At press time, XLM was changing hands at $0.088468, with a market cap of $2.1 billion.
Here’s when Stellar (XLM)price action will turn north
The price of Stellar Lumens (XLM) has dropped since the beginning of April and is in the process of creating its fourth consecutive bearish candlestick. Going by the general trend in the crypto-market right now, we should be prepared for more bearish movement from the token.
At press time, XLM was trading at $0.08848.
On April, Brazil’s central bank launched the pilot for its experimental central bank digital currency (CBDC). The test for Brazilian CBDC, Digital Real, is taking place on the Stellar blockchain network.
Soon thereafter, Pendulum announced the release of the Spacewalk bridge that connects the Polkadot infrastructure to Stellar’s blockchain so Polkadot can access fiat and stablecoin currencies. The Spacewalk bridge will allow Polkadot to access the entire infrastructure created by Stellar, especially that related to cross-border payments.
Stellar is today one of the best platforms for facilitating faster and easier international financial transactions. It is based on a decentralized on-chain protocol. Stellar users trade in Lumens (XLM) which is the platform’s native cryptocurrency.
Another important feature of Stellar is that individuals are more interested in Stellar than organizations, as it is a platform for small-amount payments. It is gaining popularity due to its simple user interface.
Stellar enables real-time transactions to occur anywhere in the world in as little as five seconds. A new smart contracts platform called Soroban has released its second preview. The upgrade intends to increase platform developer friendliness, scalability, and sensibility.
Last year, Ethereum transitioned from the proof-of-work (PoS) to proof-of-stake (PoS) consensus mechanism following the Merge. A major reason for this step was claimed to be the adoption of eco-friendly processes. In this regard, Stellar is very promising, as it has a smaller carbon footprint. Its authentication cycle is also fast, keeping energy use to a minimum.
Acting as a decentralized currency exchange, Stellar helps you track all of your assets with an order book. You can sell, buy and manage all of your assets here, with XLM acting as an intermediate currency for paying transaction fees. The currency is very useful for the users because it helps you reduce transaction costs.
Transactions on the Stellar platform are performed swiftly due to the ease of Lumens. The currency not only makes transactions seamless for the sender and the recipient but also ensures that transactions are secure.
Jed McCaleb, Co-founder, and CTO of Stellar said in an interview with CoinMarketCap that XLM is used in a fundamental way for the network.
XLM is listed on a number of crypto exchanges including Binance, eToro, Huobi Global, CoinTiger, FTX, and OKEx. This shows that the currency is an increasingly accepted choice of investors now.
A total of 100 billion XLMs were issued when the Stellar network was launched in 2015. In 2019, the group announced that it was burning over half of the cryptocurrency’s supply. Stellar mentions on its website that currently, there are around 50 billion XLMs in existence; 20 billion XLMs are in circulation and 30 billion XLMs are retained by the Stellar Development Foundation for project development. Nothing more will be created.
Where Stellar trumps other financial platforms is its low transaction fees, which have drawn a huge number of cryptocurrency users to it. It is one of the few blockchain networks that has been successful in collaborating with large tech corporations, such as Deloitte and IBM. Stellar, in partnership with IBM, launched a project that enables FinTech to engage in financial transactions using assets such as stablecoins.
It must be noted that Stellar is one of the large corporations that are operating in the cryptocurrency market. It is one of the most centralized cryptocurrency networks active on the internet. While the Stellar network uses decentralized nodes, it doesn’t have that many validators. Such an infrastructure gives the group a lot of control over the operations and price movement of XLM.
In 2016, Deloitte announced a partnership with Stellar, along with four other blockchain networks, to provide new technological capabilities to its global financial institution client base.
In June 2018, Fortune reported that New York financial regulators approved Stellar Lumens to trade on the Bit exchange, the first time the state’s authorities have given it the green light.
In October 2021, IBM partnered with Stellar to facilitate cross-border payments by banks. The system uses XLM as a bridge currency for transactions and it has been successful in the South Pacific region.
The same year, Moneygram announced a partnership with Stellar. Its integration with Stellar facilitates the conversion of the USDC stablecoin into cash and vice versa. The facility aims to encourage the liquidity of cryptocurrencies and the integration of traditional and cryptocurrency markets.
In October 2021, Flutterwave, a global payments technology company, also announced two new remittance corridors between Europe and Africa on the Stellar network. The step is a major step in Stellar’s expansion in the global market.
It also succeeded in receiving certification from the Islamic scholars of Bahrain in 2018, aiming to integrate the technology into the field of sharia-compliant financial products, reported Reuters.
“We have been looking to work with companies that facilitate remittances, including in the United Arab Emirates, Saudi Arabia, and Bahrain. It’s a huge market,” said Lisa Nestor, the then-director of partnerships at Stellar. Since the Middle East and South Asian regions are key areas of growth for the group, where a lot of countries are run on a sharia-compliant system, this is a major success for Stellar.
Developing economies are the focus of the Stellar network in the areas of remittances and loans. It primarily aims to target those who are still not part of the traditional banking system.
In June 2022, the global platform for modern money movement, Nium, and Stellar announced a partnership to enable payouts to 190 countries. “This integration truly drives home the value that blockchain-powered cross-border payment solutions bring to the current financial system,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “At SDF, we are always working to fill up the map and connect the network to more of the globe. Together with Nium, we are thrilled to expand the reach of the Stellar network so significantly.”
Another prominent feature of Stellar is that it gives power to the community to decide what project(s) the blockchain should focus on.
We will now briefly give an overview of the key performance indicators of XLM, such as price and market capitalization. We will then summarize what the world’s leading crypto-analysts have to say about the future of this currency, along with its Fear & Greed Index.
The market capitalization of the cryptocurrency follows its price trends throughout. In early January 2018, it was nearly $9 billion, and it skyrocketed to as high as $16.5 billion (May 2021) during the crypto-boom of 2021. In fact, it was performing fairly well in 2022 too, until the market crashed during the year’s second quarter.
Stellar has seen many growth spurts over the past few years, such as when Mercado Bitcoin announced its use of the platform. In less than a year, Stellar housed almost 3 million user accounts. Since that time, however, Stellar has built a network of partners that includes Flutterwave and MoneyGram.
The Stellar network is considered a rival to the Ripple network. While Ripple helps banks make fund transfers, Stellar helps individuals outside the banking system make fund transfers. Its simple, swift and economical process has made it very popular among users across several developed countries.
These developments are certain to boost Stellar’s credibility among the users and raise the price of Lumens. Besides, XLM is one of the most eco-friendly cryptocurrencies. Its consensus model is faster than both PoS and PoW, making it the preferred choice of many investors.
The unique features of Stellar such as strategic partnerships and convenience, make XLM one of the most reliable crypto investments. Its growth as a payments network will be the most important factor influencing the future of XLM.
Despite being embroiled in a legal dispute with the Securities and Exchange Commission (SEC), Stellar’s Lumens coin is a major cryptocurrency to wager on.
In June 2022, the system upgraded Protocol 19, building payment channels and key recovery channels. Stellar is also working on the Project Jump Cannon to facilitate a robust execution environment for smart contracts.
In 2022 itself, many crypto exchanges such as WhiteBIT, CoinMe, and Mercado Bitcoin enabled USD-backed stablecoin transactions, increasing the access to USDC on Stellar.
Coinbase Wallet announced in November 2022 that it will no longer support the XLM token, along with BCH, ETC, XRP, effective 5 December. Coinbase cited “low usage” as a reason for delisting the four coins.
The SDF has also established a $100 million fund to encourage developers to create applications for the Soroban smart contract platform. Soroban adds Turing-complete smart contracts to the Stellar blockchain, allowing developers to create new financial services rails on the network.
The Stellar Community Fund (SCF) has announced that 21 projects will receive funds as part of its 11th round. The required funding for the winning projects will be given to them in XLM tokens. The grants total more than 13 million XLM for the entire round.
South Korea’s leading cryptocurrency exchange, Upbit, announced the temporary suspension of deposits and withdrawals of the Stellar network’s native token, XLM, and other assets on the network. Upbit stated that the event was caused by the need for maintenance of the Stellar network and the wallets in it.
In March 2022, Stellar stated in its blog that it will launch Project Jump Cannon, an E&D venture to introduce native smart contracts for its blockchain. The same month, it also introduced the Starbridge project that would create bridges between Stellar and other blockchains, enabling interoperability.
Since December 2022, the Stellar network has been working with the United Nations High Commissioner for Refugees (UNHCR) to provide its blockchain payment solutions to those affected by the war in Ukraine.
In January 2023, Stellar (XLM) announced its decision to join the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC). It is important to note that the committee is composed of a diverse group of members with backgrounds in both traditional finance and cryptocurrency. As a result, Stellar’s (XLM) unique perspective on Layer 1 protocols may not carry the same weight as that of more established players in the space.
If Stellar continues to adopt more of such innovations and succeeds in building a larger community, it can prove to be a significant player in the crypto market.
The latest Fear & Greed Index projects a ‘fear’ market sentiment for XLM.
It will explode ! Stellar cryptoJust yesterday I opened a buy position on XLM after last week peek and pullback.
Strongly correlated to XRP, it will follow the price movement after the judge concluded on the fact that XRP is not a security.
XLM cup and handleOn July 13th, we saw a massive XLM pump on the back of the partial Ripple victory over the SEC.
For the last few days, we have been consolidating between .12 and .18 in the form of a cup and handle. Currently we are in a handle. Assuming we are in wave 4, we should have a push up to the 161.8% fib extension ~.24
Cup and Handle 4h?Probably a cup and handle pattern spotted on 4h frame, lets see what future brings
XLMUSD technical analysisHello,
This is the technical analysis of XLMUSD on the 4 hours timeframe using the RSI indicator.
As you guys can see the price is going up and forming higher highs although the RSI is going downwards and forming lower highs which is a bearish divergence that means the buyers are losing power.
The potential scenarios in this case are that we go by the traditional divergence and the prices go down or they might settle here for a while. The second scenario is that we break the resistance on the RSI and head back up.
✴️ Stellar Renko Confirms Bottom ($1.83 New ATH 15X Potential)The renko chart revealed the bottom for Stellar/Lumen (XLMUSD) back in July 2020.
The bottom is confirmed only as the new uptrend develops.
The signal comes when a new brick is laid down and the giveaway is the extremely high volume.
3 years later we have the exact same signal (July 2023).
We have a hammer candlestick with the highest possible volume followed by many new green bricks.
This renko chart is saying that XLMUSD is entering a new bullish trend.
The potential for a new All-Time High goes to 1.83, more or less... In this case it can be just 1.09 based on how the fibs worked in the past... But the potential is there for so much more.
The 1.83 target would be around 15X (1,500%) or so from the current price.
I cannot thank enough the person that I suggested I look at these renko charts.
Sending my appreciation.
Namaste.
XLMUSD has started a parabolic rally to the former HighXLMUSD crossed last week over the 0.382 Fibonacci level and despited the subsequent pull back, it is again rising aggressively today.
The price action is very similar to the previous Cycle. When the price crossed above the 0.382 Fibonacci, it pulled back to the 0.236 and then started a parabolic rally that reached the 0.786 Fibonacci in 6 months.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.48000 (Fibonacci 0.786).
Tips:
1. The price just formed a Golden Cross (1d), which is on the previous Cycle was formed right at the start of the Parabolic Rally.
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XLM - highest long/short ratioA simple set up for XLM/USD. According to Coinglass 19/07/23 the coin has >50.5% positions in long in 12hr and 24hr timeframes. Considering all other coins are <50%, this is very promising. XLM also has an extremely bullish TA.
XLM, Chaos be the man want to see you doing good - SCALPChaos is back, how u guys like that xrp and ftm money
XLM formed a harmonic pattern on the 15 min , we also forming a support level and we have some market maker long positions which he has built. taking a scalp up to resistance(red lines with the percentages) but i will close 0.13900 0.14. any where there. A little 8 percent for my peep
Red candles with arrows are the market maker long positions
interSTELLAR parabolic setupNFA
y axis only
wave 3 +leading diagnol + deep .88 wave ii retracement = parabolic setup
first confirmation is rally to .5 -.6
deep retracement in wave four (last low risk buy opportunity) .3 -.25
initial parabolic target $15 - $20
Stellar (XLM) Sees Significant Pump: Updates and Support Levels
Stellar had a significant pump yesterday due to two events: the implementation of Soroban in recent weeks and the partial victory of XRP against the SEC. That being said, XLM now needs to hold at $0.13, which should provide excellent support for building a strong bullish structure. If the support doesn't hold, we may see XLM drop to $0.10, but it would be a minor setback considering the effort it made to break through $0.13.
With that being said, I expect that if Stellar establishes a solid structure, it can achieve impressive results in a matter of weeks, as it has done in the past. However, it is incorrect to view it as just a copy of XRP. Stellar is a related cryptocurrency but with a completely different focus on decentralization.
AW XLM ANALYSIS - The End Of Corrections Suck People In...Welcome to this video where I analyze the waves and discuss the potential conclusion of a brief correction, indicating a possible end to the current bullish market trend. The alignment of waves suggests that the bullish alternative is unlikely. Although the timeline for the end of the bull run may vary, I anticipate it to be towards the end of next year. This weekend, I will thoroughly review and refine my analysis to strengthen my views and perspectives, emphasizing the crucial points of interest. Join me as we delve into this topic in depth.
XLMUSD - Broadening StructureXLM has followed the breakout of ripple or perhaps led it.
Right now price is touching the upper trend line of an expanding pattern.
I expect some retracement to perhaps the middle of the pattern and then continuation upwards following.
Inv h&s on XLMUSD points to a .147 - .15 targetYou can see here on the 1 day chart xlmusd has formed an inverse head and shoulder pattern with it only just recently rounding out the 2nd shoulder and returning now back to the neckline. As always I must wait for a breakout confirmation above the neckline and some confirmation from volume before basing my buys off of this but I anticipate it will likely confirm in the not so distant future considering the recent move by coinbase to use stellar for USDC. I’m hoping to get a retracement too before a full breakout above the neckline in which case I will try to wisely piece meal buys on the dip. I have placed an arbitrary dotted measured move line where I think a potential breakout could occur in which case the target is somewhere aroun 14-15 cents. *not financial advice*
XLMUSD Above the 1W MA200 for the first time in more than 1 yearStellar (XLMUSD) hit and broke today above the 1W MA200 (orange trend-line) for the first time since the week of May 02 2022. That's more than 1 year of trading below a key long-term Resistance that is now broken. The 1W MA50 (blue trend-line) has supported this price action for the past 2 weeks.
The time XLM hit the 1W MA200 during the previous Cycle, it failed to close the week above it and had a medium-term pull-back to the safety of the 1W MA50 before it started the final part of the parabolic rally from October 2020 to May 2021. Notice that the 1W RSI then was on the exact same (overbought) level it is today.
As a result, if it fails to close above the 1W MA200, we will wait for a pull-back to buy, preferably as close to the 1W MA50 as possible. If it closes above the 1W MA200 though, we will buy on the market price. In either case, we will target the top (Higher Highs trend-line) of the multi-cycle Triangle pattern at 0.7000.
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Stellar (XLM)We have seen from Stellar in the past that after a triangular pattern ended, an impulse uptrend wave started. Now, a similar pattern has ended, and it seems an impulse wave has started. Let's see if Stellar can reach high or not.
Hallucination DefinedI don’t think the bottom is in. This market always manages to tear everyone apart before taking off. Price has a strong pre-established support at $0.026 and all it takes for the price to go from $0.098 to $0.026 is three big juicy red candles. Logarithmic regression line points to a target of $17-$20. I’ve also drawn an imaginary line as resistance for the target of the cycle. We need a $460 Billion Market Cap for a $17 XLM. I’m having hallucinations and I haven’t even taken any drugs, so don’t tell me to get off the crack pipe. I do not have a single logical reason to prove the price is gonna hit $17 but it’s fun to daydream. If we consider the last bull run from 2020 to be wave 1, then 1.618 level of wave 3 translates into a $17-$18 price target.
