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XLM Perpetual Futures Contract

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XLMUSD.P trade ideas

Is XLM Price Bound To Continue A Negative Trajectory?XLM price moves sideways between 50 and 100-day EMA. Resistance trendline indicates strong selling pressure. Break below 100-day EMA could push XLM below $0.10. XLM faces significant resistance at $0.16, with sellers controlling bullish momentum. Downtrend exerts pressure on 100 and 200-day EMA. Price trapped between 50% and 38.2% Fibonacci levels, consolidating between $0.119-$0.129. Intraday fall of 2.15% sees XLM testing $0.119 support. Breakout from current Fibonacci levels will indicate next move. Potential double top formation suggests possible downtrend. If price drops below 100-day EMA, 200-day EMA buyers may step in, stressing the $0.10 mark. Bullish scenario: If XLM breaks 50-day EMA, it could target $0.142.
COINBASE:XLMUSD
by Coinpedia-Market-Insight
1
Stellar Lumens - A Hidden OpportunityStellar Lumens - A Hidden Opportunity I cover the chart first and then some positive fundamental's and tokenomics. The LSE:XLM Chart I located and plotted trigger points, boundaries and of course a time structure. There is a clear bull/bear time pattern. Open the chart and see the months and see how they move in similar increments both by month and by number for Bull and Decline periods. Three positive price action triggers are marked on the chart and are confirmed by the following: 1. Break above 10 Month SMA, combined with 2. Confirmed MACD Cross, combined with 3. Both occurring in the bull pattern time window All three have just occurred as of July 2023. IN ADDITION 4. This time we have broken above the POC, and 5. We have broken out of the OBV resistance line. All of the above is extremely bullish for Stellar Lumens XLM for the long term. The risk/return is ideal as a price just under the bottom of the ascending triangle can act as a stop loss for you and the upper end can act as a first main point to take profit. Undesirables: - If we close a weekly candle outside of ascending Triangle, Exit trade. - If we fall below the POC or 10MSMA, reduce position size or hold off until this happens and increase position size. This chart is another fine example of how timeframes can help us structure a trade. Please note that this is a long term 12 - 18 month trade minimum. You could be exiting at any stage over those months depending on the trigger events mentioned above, ideally closing the majority of the position at the first trigger point 0.60c (lock in your stake and some profit). Furthermore, you have to be able to withstand the volatility within the ascending triangle without capitulating your position. There is currently some room to the downside but a lot more to the upside, you need to be prepared for both. Positive XLM fundamentals: Stellar is already being onboarded as a potentially compliant global payments system: Stellar (XLM) like Ripple Labs (XRP) is intending to be a layer 2 international global payments remittances provider and enabler, albeit while Ripple Labs is targeting big business and institutional networks/transactions, Stellar has an incredibly varied pipeline from on/off ramps, asset tokenisation, moneygram conversion and access, and much more. Stellar appears to be targeting the developer, the retailer, the consumer, the international payments community in their transfers/remittances, and the unbanked. The Stellar Blockchain is a decentralized consensus protocol making it very quick and very efficient with a distributed ledger updating globally every 2 to 5 seconds. ISO 20022 is an International Organization for Standardization (ISO) standard for exchanging electronic messages on payments data between financial institutions. They set the international payment standards through the likes of the SWIFT system and for the likes of CITI Bank, HSBC, J.P Morgan and Deutsch Bank. Currently cryptocurrency’s that are ISO Compliant or in the process of becoming compliant include Ripple CRYPTOCAP:XRP , Xinfin Network TSX:XCD , Algorand EURONEXT:ALGO , IOTA and Stellar Lumens $XLM. Why is this so important? Well because ISO compliant payment networks will be the most likely to be called upon for the distribution or enablement of Central Bank Digital Currencies (CBDC’s) and other secondary payment protocols. Private Partnership from the likes Ripple & Stellar will likely be called upon to develop, enable and distribute a new CBDC: We are aware that most governments are in the process of developing CBDC’s and cannot complete this task without private partnerships. For example as early as 2019 the Official Monetary and Financial Institutions Forum (OMFIF) outlined the following observations: “Practically, the operation of a CBDC is likely to rely on some sort of public-private partnership. Central banks could outsource the distribution of the CBDC to private financial institutions, which could also be involved in the onboarding of users” “most central bank respondents suggested they would outsource many of the public facing tasks involved in CBDC management to third parties.” “Some central banks noted that certain functions – such as ‘onboarding and overlay services’, or the actual distribution of the currency itself – could be ‘outsourced’ to private sector participants.” “Among respondents, 64% said ‘intermediation’ functions, such as customer onboarding, which could be ‘outsourced’ to private sector participants, would be important in CBDC implementation” In more recent news the Bank for International Settlements (BIS) AKA the Bank for Central Banks published a report based on surveys and data collection called “Making Headway”, they advised that: o 86 central banks took part in the survey (including the largest) o 15 CBDC’s would be up and operational by the end of the decade 👀 o Confirmed that Central Banks can hold up to 2% of their balance sheet in cryptocurrencies from the January 2025. Considering the BIS is usually very anti crypto this news is significant. Positive Tokenomics Vs competitor XRP: XLM is currently 21st largest cryptocurrency in the world with a market cap of €3.4 billion. XRP by comparison has a market cap of $27.8 billion and is ranked 5th, thus XRP would have a harder time of it in terms of multiplying its larger market cap and price. In November 2019, the overall XLM supply was reduced. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created. So XLM has a max token supply of 50 billion whilst XRP has a max supply of 100 billion making it a more price dilutable token than XLM. At present XLM have released 51% of their 50 billion max token supply to the market whilst XRP have released 50% of their 100 billion tokens - 52.9 billion tokens (equating to number greater than the full supply available in XLM). XLM’s price will be greater impacted by demand than XRP due to the lower max token supply, smaller market cap and the fact no more new Lumens can be created, it is a fixed supply. The more participants that join the network and use the network the less Stellar Lumens are available thus creating a demand. From Jan 2020 to present Stellar Lumen accounts have increased from about 4.2 million to 6.7 million. In the same period total transactions increased from <250,000 to almost 1 million. All in this 12 – 18 month trade comes with a lot of positive upside and limited downside. XLM has a reasonable fundamental narrative backing it that could make it central to future payment networks and the XLM tokenomics provide a lot more upside potential than those of its close competitor Ripple (XRP). I am a fan of both offerings however it seems reasonable to have an XLM position if you have an XRP one. Maybe we can be the X-Army and support one another…. Maybe “X” will use both for its payment platform. One can dream. Please have a look at my XPR chart which is similar to the this XLM one, you may find that beneficial too. Hope all of the above helps frame XLM in your minds eye and also provides you with a structure for an XLM trade. PUKA
COINBASE:XLMUSDLong
by PukaCharts
10
Keep an eye on $XLM/USDTThis chart specifically pertains to a projected extended period of rising prices and positive market sentiment, often referred to as a "bull run." It focuses on forecasting favorable market conditions over a significant time frame. Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @FarmanBangashh
COINBASE:XLMUSDLong
by frmnCapital
Monitoring Support LevelsThere are 3 important support levels in this chart. We have support at 11 cents which used to be resistance before the break out to complete the mini bull run. And then we've got 9.5 and 7.5 c. Price must hold above 11 c at all cost or drop down back to 9.5 c. As long as price stays above 9.5 c, I won’t be counting on the price revisiting 7.5 c. By analyzing the hourly chart I’m a giant fluffy bear, but when I look at the monthly chart, I’m one horny BULL.
COINBASE:XLMUSD
by Se7enSkies
Will XLM Prices Avoid A Drop Below The 200-Day EMA? XLM Price Reversal: The price reversed from the $0.14 resistance zone, resulting in a 20% drop to the 200-day EMA. Short Recovery Phase: After reaching the 200-day EMA, a short recovery phase of 4.71% occurred. Potential Crash: A breakdown below the 200-day EMA could crash the XLM price to $0.094. Sharp Correction: The retest of the $0.14 resistance level led to a sharp correction and a significant discount in Stellar coin price. Catalyzed Fall: The intense fall was accelerated by the retest phase and overall market correction. Breach of Support Levels: XLM price breached multiple support levels, including the 50-day EMA and 50% Fibonacci level. Short-Term Recovery: Absorbing the selling pressure, XLM set for a short-term recovery, extending to 4.12% in the last 48 hours. No-Trade Zone: The current recovery remains uncertain, and a breakout of specific Fibonacci levels will signal the next entry. Downtrend Continuation Risk: There are strong chances of a downtrend continuation with a potential bullish trap unless the recovery undermines the 10.42% drop bearish candle. Uptrend Possibility: If the uptrend breaks above the 50-day EMA, XLM prices may rechallenge for dominance at $0.142. Psychological Mark at Risk: A downfall below the 200-day EMA could endanger the $0.10 psychological mark, possibly reaching $0.094.
COINBASE:XLMUSD
by Coinpedia-Market-Insight
XRP + XLM Local trend. Wedge + triangle (pennants).Logarithm. Time frame 1 day. Local trend. Two cryptocurrencies are shown at the same time, as it should be understood that it is one and the same. Pumps (exit from accumulation) similarly began almost simultaneously July 13 on day 273 (code). XRP a little earlier by a few hours. I think it will be something similar this time. Pullbacks after pumping up about +100% on both assets (exiting the long term accumulation zone). The reversal zones as well as the percentages to local significant resistance levels in case of breakout are shown on the chart. This is how it looks on the linear without squeezes (market noise), although it is not necessary for local work. The ideas of secondary trends (accumulation) to understand this local zone attached to this idea.
COINBASE:XLMUSDLong
by SpartaBTC
28
Retest Phase Warns Bearish Turn In Stellar Price Trend! Intraday Fall of 1.70%: Stellar's price starts a post-retest downtrend with this fall, completing an evening star pattern, indicating a rise in bearish sentiment. Downtrend Testing Bullish Confidence: The downtrend is set to test bullish confidence at the confluence of the 50-day EMA and the 23.60% Fibonacci level, gaining momentum. Slightly Bearish Technical Indicators: Both MACD and RSI trends are declining, while the 50 and 200-day EMA sustain a positive trend, but rising selling pressure may affect them. Potential Challenge to 50-day EMA: The growth in selling may soon challenge the 50-day EMA at $0.129, and a bearish outcome could extend the downtrend to the 50% Fibonacci level at $0.119, a nearly 15% drop. Possibility of Positive Recovery: If there's a recovery with lower price rejection, Stellar's price may remain above $0.14, potentially bouncing back to $0.16 for a new bullish breakout attempt. Warning of Bearish Turn: The retest phase and the current patterns warn of a possible bearish turn in the Stellar price trend, making it crucial for traders to watch key support and resistance levels.
COINBASE:XLMUSDShort
by Coinpedia-Market-Insight
1
Retracement to around 10-12 cents before another leg upAs you can see XLM has completed a nice break above the first TD line and I'm waiting for a hook to touch TD1 or the red MA. From there I expect XLM to move to around 24 cents. If you take a look at the structure from Feb 2019 - Nov 2020 you'll recognise a striking resemblance with the current structure. Wait for the right shoulder to finish forming (touch of TD1 and or touch of the red MA) before going long. Once price reaches our target of around 24 cents we should see a retrace back to TD2.
COINBASE:XLMUSD
by MoneyForNothingAndPipsForFree
With A Double Top, XLM Price Struggles Above $0.14Despite struggling, XLM fails to rise above the $0.16 resistance level, forming a double-top pattern near 23.60% Fibonacci level. Long-wick candle formations at $0.16 signify significant supply pressure, suggesting profit-booking above $0.16. Over the last four days, the Stellar price has decreased by 7.79%, implying an increased likelihood of a downtrend below $0.142. With an intraday fall of 1.88%, XLM trading at $0.1472 close to the double top neckline hints at a possible bearish breakdown. Fallout could push XLM prices down to the 38.20% Fibonacci level at $0.1298. Positive recovery and lower price rejection could maintain Stellar price above $0.14, potentially rebounding to $0.16 for a bullish breakout attempt. Both Stochastic and RSI indicators reflect a strong bearish trend, implying a bearish outlook for XLM.
COINBASE:XLMUSDShort
by Coinpedia-Market-Insight
1
XLM Prices Within Range Predicts a Breakout Rally Despite spikes in XLM prices, the market value struggles to exceed $0.172. Recently, XLM has recovered from $0.14, showing a 15% rise, and maintained above the $0.15 mark. XLM's price has been consolidating between $0.1550 and $0.1650, suggesting a bullish flag pattern. The RSI line is reversing from oversold, indicating a potential retracement, while the MACD and signal lines continue to align bullishly. If XLM surpasses the bullish flag pattern, it could ascend towards the $0.172 swing high, with a target of reaching $0.19. However, if bearish momentum persists, XLM prices could face an 11% drop, potentially testing the $0.14 support level.
COINBASE:XLMUSDLong
by Coinpedia-Market-Insight