XLMUSD.P trade ideas
✴️ 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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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.
XLMUSDXlm getting ready to make a run and form another leg up accumilating at theses levels will be a good thing to do or cost average
Stellar short Bounceed at 0.817 trend changeDaily short
MACD short
Trendomat short
RSI short
Rising stelalr changed its bullish trend. Currently short.
As well as the bullish potential is existing, the current phase is bearish. A break below .6 will send staller the the southern
Stellar, XLM could hit $0.069 in 2023
Stellar’s price prediction for the most bearish scenario will value XLM at $0.066 in 2023
Stellar’s previous All Time High was on 3rd January 2018 where XLM was priced at $0.87
Stellar’s price at the same time last week was $0.083. It has moved by -0.46% in the past week and is currently at $0.082. Infact, in the past 24 hours, XLM has pumped by 3.42%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and XLM could hit $0.11 in 2024.
The total circulating supply of Stellar as of writing this article was $26905815993.48 and the marketcap of XLM remains at $2,230,347,134.
From April 2022 to March 2023, the price has dropped significantly from $0.23 in April 2022 to the current price, which is $0.08. The lowest trading price for the token during this period was $0.07. The price also proved to be a good support level which is yet to be broken.
$0.09 established itself as a significant resistance level which was tested twice. For the most part, the token continued to trade between the range of $0.12 to $0.08. The current price of $0.08 has been a good support level as well, which was also tested in November-December 2022 and is presently being retested.
The Relative Strength Index (RSI) stayed below the neutral 50 line as the selling pressure in the market continued to increase. Also, the On-Balance Volume (OBV) continued to descend as the price made lower highs and lower lows. With the price dropping consistently, the overall market sentiment has been bearish.
On the daily chart, the dominant trend remained bullish from January 2023. However, the price started taking a dip in February 2023. The RSI went below the neutral 50 line, indicating that the bears have been trying to push harder in the daily time frame as well. Recently, the price has seen a minor hike as the bulls have been trying to increase the buying edge.
See also the bullish scenario...
www.tradingview.com
Stellar 4Hr Chart XLMUSDPrice is above the middle line of a daily up channel
Possible move back down towards a dominant trend line and then continuation up from there
Bars pattern illustrating a guessed structure.
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.
XLMUSD Buy the next pull back and target 0.11450Stellar / XLMUSD is having the strongest 1day candle since March 21st, which was the bullish break out candle half way of the uptrend leg that peaked at 0.1145 on April 1st.
That sequence pulled back first to the 1day MA50 before completing the end of March rally.
With the 1day RSI deep into the overbought zone, it is highly likely to see a repeat of this scenario.
Buy the next pull back and target 0.11450 (Resistance A).
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XLMUSD - Ascending triangle with first target .1169 and .199XLM has formed a ascending triangle and appears to be targeting the top of the range once more at .1169
A break above and successful retest of the top at .1169 will open a path for further movement to .199
XLM in clear accumulation zones with a possible upshot #XLM in clear accumulation zones with a possible upshot to prior retracements with BULLISH breakouts possible. This has little to do with XRP or #BTC; it's mainly about XLM being paired with #USDC on #COINBASE. I'm filling bags.
XLM 6/16/23 IN @I got in @ $0.077175
I will get out @ $0.082
measured move! 6.33%
lol smokey smokey :)
