WHAT IS GOING ON WITH STELLAR?Given that Stellar is a sister blockchain to XRP. It's a visioned as a public version of the "bankers coin" that XRP got labeled with due to its use cases being so closely integrated into the payment providers and services they've partnered with. So Stellar seeks to be a plebian coin that can do the cross-border work that XRP can do.
Stellar has done some of the same, with a few agreements with some countries to run transactions on their chain.
All that aside, if we look at the chart patterns and the selling pressure on the p=rice action over the past few years, then a downward triangle pattern lies from the ATH.
If we look solely at price action, Stellar has been in an accumulation phase for many moons. The prior ATH was very optimistic. I look at old numbers like this and must remember that A LOT fewer people in the market could get a hold of the token back then. Naturally, the fewer holders - and holders willing to sell - lead to price appreciation. Then you see the massive sell-off and the ping-pong back and forth as the prices settle and seller exhaustion waned.
As we've been in a hostile regulatory environment - due to the SECs lawfare - and while that has been focused on XRP, it has also affected the price action for Stellar.
One element we must remember is that XRP has some regulatory clarity. There is little evidence that retail sales violate the SEC's rules because Ripple didn't sell the public a token they produced.
The same appears to apply to Stellar. Stellar is currently 1/5 the price of XRP and appears to correlate to XRP from historical performance.
In short, exhaustion is taking hold on Stellar, and with promising ETF news for BTC and the potential for an XRP ETF in the future, I'm keeping an eye on this token for my personal bags.
NFA. DYOR. Intended for educational purposes only.
XLMUSD.P trade ideas
XLMUSD: 2 OPTIONSTwo options I see:
1) We consolidate within the triangle and eventually break up to retest the .786 fib.
2) We consolidate within the triangle and eventually retest the long term trend dating back to May 2020, lowest possible .092 cent range.
Tell me what you think the gods will deliver us?
Cheers,
Bo
Stellar lumens to $12On the above 4-day chart is a ridiculous prediction. Nonetheless, the foundation is for lack for better word is, solid.
Price action has corrected almost 90% since the month of May 2021. A number of reasons now exist to be bullish. Those are:
1) The ‘incredible buy’ signal. Definitely not to be ignored on this time frame.
2) Price action now finds itself on the golden ratio at measured from the March 2020 lows to the highs of May 2021.
3) Let’s talk about this perfect Cup and Handle formation. Technically it is text book. The correction thus far is squeezing between the golden ratio and price action resistance. Eventually it will breakout, that’s your signal.
4) This is a 100x projection.
Is it possible for price action to fall full further? For sure.
Is it probable? An emphatic no.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 6 to 12 months, seriously.
Return: 100x
Stellar ($XLM) Chart Analysis and Potential Paths Ahead
Stellar ( CRYPTOCAP:XLM ) enthusiasts and investors have found themselves in a curious position as the cryptocurrency currently navigates a sideways range, caught between critical support and resistance zones. We delve into a comprehensive analysis of the XLM chart, examining key levels, trends, and potential scenarios that could unfold in the near future.
1. The Sideways Struggle: A Tight Range
Stellar's current price action is constrained within a narrow range, with a support zone established at $0.107–$0.100 and a resistant ceiling at $0.116–$0.119. This indicates a period of consolidation, where the market is awaiting a catalyst to determine the next directional move.
2. Downward Local Trend and Support Breach Concerns
The chart analysis reveals a downward local trend, raising concerns of a possible breach of the support zone. If this scenario unfolds, CRYPTOCAP:XLM could reset its local low to approximately $0.103. Traders and investors will closely monitor this critical support level to gauge the potential depth of a subsequent decline.
3. Bitcoin's Influence: A Crucial Factor
The fate of XLM appears closely tied to Bitcoin's behavior, given the historically high correlation between the two cryptocurrencies. Investors need to keep a keen eye on Bitcoin's movements as it could significantly impact Stellar's trajectory. A bullish trend in Bitcoin might provide the necessary momentum for CRYPTOCAP:XLM to break free from its current range.
4. Pivoting Upward: Breaking the Seller's Barrier
To shift towards an upward trajectory, CRYPTOCAP:XLM must overcome the seller's barrier at $0.122. Successfully challenging and surpassing this level opens the path for Stellar to target the resistance zone ranging from $0.124 to $0.128. The true bullish signal, however, lies in maintaining a stable position above $0.128, indicating the emergence of strong market buyers.
5. Market Sentiment and External Factors
Beyond technical analysis, market sentiment and external factors play a crucial role in shaping CRYPTOCAP:XLM 's future. News, partnerships, and broader market trends can influence Stellar's price movements. Traders and investors should remain vigilant about potential developments that could impact CRYPTOCAP:XLM 's market dynamics.
Conclusion:
As Stellar ( CRYPTOCAP:XLM ) oscillates within a confined range, market participants eagerly await a breakthrough that could define its near-term trajectory. The interplay of technical levels, Bitcoin's influence, and broader market dynamics sets the stage for an intriguing period for Stellar enthusiasts. Whether CRYPTOCAP:XLM can break free from its current sideways shuffle and embark on an upward trajectory depends on a confluence of factors that investors should closely monitor in the coming weeks.
XLM bulls are readyVery simple and straight forward analysis. Macro Double Bottom pattern with IHS. This double bottom has been forming for almost 6 years.
I am also pointing out the fact XLM did an initial 40x pump in 2017 after consolidating for almost 3 years.
Overall, macro price for XLM keeps making higher lows since 2014 and the price is currently 70x above the 2014-2017 bottom for XLM. This shows strength of holders which will attract more investors.
My Favorite Crypto of AllAgain, Stellar is an OG of crypto.
Their team is so unbelievably professional. The Stellar Development Foundation is so well managed. They are always posting updates, news, and plans for the future; and they are not going to stop anytime soon. They are not a crypto. They are a new global financial system. They are not a bank, they are a banking system. They have transaction reversal capabilities, will be able to integrate into the existing banking system and be fully regulated like no other crypto, and are working with governments to shape policy. Stellar is as legit as they come. They are a dark horse that no one cares about because they haven't exploded 500x in price, but they are the Apple of crypto, and I will retire early because of Stellar.
Don't invest in cryptos. Invest in blockchains.
Invest, in the future. #XLM
New topAt every historical correction, a higher bottom is formed than the previous one, and this is one of the conditions for the next bull run. In addition to the fact that three historical corrective waves have been completed, a large rising wave is expected to come, so we will watch together what will happen.
All data on the chart.. Good luck
XLM - $3 Lumens After We See This Last Move Down...At present, the upward potential is limited until the (B) Wave correction takes shape, causing the price to descend to 10 cents within Wave (C) of Wave V of Wave E within the broader Wave (B). Subsequent to this correction, I foresee the ascent of $3 Lumens. A comprehensive explanation of my rationale can be found in the linked video below.
Drawing from the AriasWave methodology, my analysis suggests employing dollar-cost averaging at this juncture in anticipation of an upward movement.
XLM - Why I Believe $3 Lumens Is Possible - Complete Breakdown..In this video, I explain why I favor the $3 lumen concept as my primary indicator. Additionally, I delve into the influence of Bitcoin's pattern on this concept, as I believe it provides a clear insight into the necessary developments preceding the upcoming major bull market. This analysis goes beyond the conventional, and I doubt anyone else has arrived at this specific conclusion. It not only sheds light on the current state of affairs but also readies us for an impending crypto downturn in a genuine Wave 2 correction. This correction will pave the way for the next bull market, unfolding gradually for each cryptocurrency based on the patterns they exhibit over the next 12 months.
I highly advise employing dollar-cost averaging if you are still seeking entry into this market at this juncture.
XLM - My Thoughts On A New Count That Aligns With XRP...Refining my AriasWave analysis for both XLM and XRP is an ongoing journey, aiming to bring clarity to the patterns and build a compelling bullish case. As I avoid specific price predictions, the analysis suggests significant potential, possibly exceeding $3, aligning with the earlier chart and indicating a similar trajectory for XRP. Embracing a long-term strategy, I advocate for close attention and strategic decision-making, urging a dollar-cost averaging approach as evidence unfolds. This dynamic trade demands heightened focus amidst the ever-evolving market landscape with potential headwinds in the process.
XLM - We Could See Lumens At $3 Soon...Recently, my analytical efforts have yielded significant progress, leading me to propose the possibility of Lumens reaching $3 before experiencing additional downside. This observation is integral to a broader analysis encompassing Bitcoin and a larger market pattern, indicating that not all cryptocurrencies have fully undergone this pattern yet. The upcoming year promises to be quite intriguing, with numerous ideas stemming from this analysis set to emerge soon. I wanted to begin by emphasizing this chart, as breaking through the 20 cents mark could potentially set the stage for achieving the target thereafter.
Are we forming Bullish Divergence?How you doin my XLM friends. Hope you are still HODLing.
These are the levels that I found as I repeatedly checked this chart from different frames. I really like this one to moon cos I feel a strong potential.
Anyway, from the 6D frame, you can see coloured trend lines that acted as support and respected by the price action since 2018 movements.
Now price is currently at the green line and gray dotted line (Spotted some doji and other candle sh*ts here, I guess a level to break) where most of the big movements started. Although I noticed that we have a down gap on the current candle which maybe a bearish sign.
But is can be a good pattern as well cos if price will make new low, there is a potential form of bullish (if momentum bottoms don't match with price bottoms. *Fingers crossed*) regular or hidden divergence like what we had way back 2020. And that makes a healthier trend.
Right now, from the Market Cipher indicator, the price have reached the bottom of trend on multiple high frames so I expect some pump it movement baby.
We have few more hours before the 6D close. So what do you think?
:)
XLMUSD Ascending Triangle Breakout Loading....Stellar Lumens XLMUSD forming a very large ascending triangle pattern. The resistance of around $0.13 goes back 5 years, so once this breaks out I am expecting a quick violent move up.
I had a psychic moment at work one day where the number 13 and Stellar came into my head. So naturally I'm thinking XLMUSD will eventually hit $13.00 in the future. I suppose it could also mean once it breaks out of $0.13, that's when the big move to the upside starts. Either way will be fun to watch.
XLM - Still Looking For A Move Higher...At this point in the pattern, the count showcased in this video may still be interpreted as the initiation of Wave 3 for the emerging bull market. Nevertheless, I will withhold confirmation until there is a breach of the 20 cent level. The erratic characteristics of these waves suggest a corrective phase until evidence suggests otherwise. Engaging in dollar-cost averaging remains a prudent strategy, as potential lower prices could offer a more cost-effective entry. This approach allows for continued participation in the market, with the flexibility to capitalize on buying opportunities, especially in the event of any unexpected positive developments from Stellar.