Will XLM Buyers regain control?Sideways Movement: XLM is stuck in a consolidation phase, struggling to gain momentum.
Death Cross Warning: The declining 50-day EMA is nearing the 200-day EMA, signaling a possible death cross.
YTD Growth: Despite the consolidation, XLM has a 34% year-to-date growth.
Discounted Price: XLM is trading at a 42% discount from its 52-week high of $0.1959.
Intraday Fall: XLM's price is at $0.1123, with an intraday fall of 2.04%.
Buyer-Seller Struggle: There's a constant tug-of-war between buyers and sellers.
Psychological Support: Buyers seem to be holding the line at the $0.1092 mark.
Technical Indicators: The DMI indicator shows a falling ADX line, indicating loss of momentum.
Indecisive State: The DI lines in the DMI indicator are merging, reflecting market indecision.
Bullish Reversal: A move above the 50-day EMA could push XLM to $0.13, a 15% jump.
Bearish Scenario: A breakdown could see XLM plummet to $0.1069.
Market Recovery: The overall crypto market is recovering, which could influence XLM's direction.
XLMUSD.P trade ideas
XLM Stellar Is Due for Another Pump? Based on the fact that BINANCE:XLMUSD.P is positively correlated with BINANCE:XRPUSD
It makes sense to expect between 10-15% pump from the current support level.
However, XLM is more volatile than XRP, but they often exhibit similar price action on higher timeframes.
I am going to open a long position on this with 5x leverage as usual:)
The pattern looks cool as well.
What are your thoughts about this analysis?
Let me know in the comment box.
If this analysis makes sense to you, follow me now and support my idea.
XLMUSDT Price AnalysisUpdate:
Here are several noteworthy observations in the current price action on the chart. Firstly, the recent trend has transitioned from bearish to bullish following the formation of a candle above the CHOCH. Secondly, an Anti Cypher pattern has emerged on the chart, signaling a bullish sentiment. Thirdly, an ABC leg is currently forming on the chart, with the final impulsive leg (C Leg) yet to be completed. That leg can go much upwards which I already mentioned in its path but that could take longer time to go. The chart includes marked targets and stop losses.
Also you can DCA this till Bullish OB as it may retrace down to it, so plan according to it.
Please note that this analysis is not financial advice. These observations are based solely on my knowledge, and it is important to remember that predicting future market conditions is inherently uncertain.
Steady with Stellar XLMStellar Lumens LSE:XLM
Shared originally elsewhere and forgot to post here. Since then we had this 16% drop as expected.
This sort of scenario would not surprise me and would be a great opportunity buy off of some strong support. That being said an entry on the 200 day SMA could be considered but its clear to me where the ideal buy zone is. Long term spot holders can ignore.
Please review the long term chart i completed for stellar, its paints a clear long term picture
PUKA
Will Stellar Crash Under $0.10?XLM price shows a descending triangle pattern in the daily chart.
Prices are close to the 200-day EMA and $0.11 demand zone.
A breakdown below $0.11 could lead to a plunge to $0.096.
Recent 17% pullback from resistance trendline.
Sideways trend indicates a lack of bullish momentum.
Market price crosses under the crucial 200-day EMA.
Possibility of a death cross if demand zone breaks down.
Currently trading at $0.112 with an intraday gain of 0.37%.
Daily RSI line is declining, approaching the oversold zone.
MACD and signal lines struggle for a bullish crossover.
Bearish histograms are ready to resurface.
Stellar Lumens price is at a critical juncture.
XLM Looking Bullish On The DailyThis is a daily chart of XLM and price appears to be making a double bottom with money flow rising from the red and divergence nearly confirmed on the daily.
Current trading plan is long entry from current price with a 1-3% stop loss invalidation area.
Target 1 will be a 1/3 retrace of the last swing for approximately 5% and the second target will be the center of the golden pocket of the swing at .124 10% higher than the current price.
Trade Well.....
Support Under AttackThe support level marked in light green is being attacked by the sellers. A level once acting as the resistance has turned into a support that may or may not hold. A close below this level on the daily chart can push us back to the support level shown in yellow, which might attract lots of small and big buyers to potential bullish Elliot waves.
See You At The Green ZoneI think the green zone is a suitable support level for the price atm. The trend line also confirms the support level and depending on how fib levels are utilized. The green zone can be considered the 0.618 support level, which I think might be a good spot to buy.
NOTE: DYOR. EVERYTHING IN THIS CHART MIGHT BE WRONG.
✴️ Stellar (XLM)Here we have two main support levels and XLM is trading above both.
The bottom hit December 2022 and a new bullish impulse started June 2023.
I believe we are yet to see Wave 5 of this bullish impulse.
How low it goes within the current correction is hard for me to tell because this can vary wildly based on many factors: overall market sentiment, Bitcoin, insiders, etc.
Regardless of where or when Wave 4 (correction) ends, additional growth is possible and highly probable with a 100% target around 0.248.
The whole chart structure is extremely bullish.
I hope you find this analysis useful.
Namaste.
IS ELLIOT WAVE THEORY REAL? STELLAR LUMENS XLMHello Traders,
Here is the monthly chart of Stellar Lumens looking at this purely from an Elliott Wave perspective. I know little about the technical details of the protocol/token etc.
From an EW perspective price looks to be inside a bullish wave 3 with the target at the 1.618 extension.
Lets see what happens.
Is XLM Price Set to Plunge to $0.11 or Soar to $0.16?Current Position: XLM price stands at $0.129, with an intraday drop of 3.22%.
Dominant Pattern: Double-bottom reversal visible on the daily chart.
Key Support Confluence: 61.80% Fibonacci level at $0.10, coinciding with the 200-day exponential moving average.
Recent Performance: A notable 14% rally in the last 10 days, with XLM surpassing the $0.12 mark and nudging towards $0.13.
Warning Signal: The intraday drop hints at a possible Evening Star pattern formation, signaling potential bearishness.
RSI Overview: Positive momentum as the RSI remains above the halfway mark.
MACD Indication: The MACD and signal line approach a bullish crossover above the zero level.
Bullish Outlook: If momentum holds, XLM could target the $0.16 resistance, marking a potential 24% ascent.
Immediate Challenge: A supply zone at $0.124 stands as an immediate hurdle.
Bearish Scenario: A dip below the 38.20% Fibonacci level at $0.129 could push XLM towards the 200-day EMA support at $0.11, translating to a 15% decline.
My bottom line with XLMCOINBASE:XLMUSD
With such highly speculative markets like crypto, I don't understand what gives with investors on XLM. I don't want to get into too much tl;dr territory but this is why I've always been super long on XLM every single time it's ~0.10 or less:
Is similar to COINBASE:XRPUSD in function and has great partnerships and tech to back up a "stellar" valuation.
In the vein of being similar to XRP, XLM's market cap is 3.671B at the time of writing. XRP's is 26.513B with close to double the circulating supply of 53.083B. So just in terms of market cap, if Stellar were to be equal in value with XRP, Stellar's price could be ~$0.90 to achieve the same valuation. I don't understand the massive discrepancy IMO. Maybe it's just all clout and/or awareness of the token.
IMO crypto always seems to just go in waves, everyone wants the chart to be back at ATH and this just seems to manifest at some point. Looking at XLM's chart, we can see almost exactly the same pattern as the last two waves emerging (again).
Stellar 50% profit targetStellar trap inside sideways channel for 23 days, and it's still trying to break classic support and resistance level at 0.1334.
This Classic support and resistance become a new bullish confirmation, and if it breaks up bullish target at 0.14745 as fibonacci resistance, and maximum target at 0.17089 as previous high.
The best strategy to enter this market is wait for stellar to reach 0.112460 as sideways support and aim for previous high at 0.17892 with 52% profit.
Good luck, may profit be with you.
If you have any questions about this analysis, do not hesitate to contact me.
Stellar has insane potential in the price patternAugust seems to be calm, but at the beginning of September we are up
xlm and xrp are big competitors to each other and we will soon see a strong rise in both
I will let you know when I participate because I will probably buy a large amount of Stellar since the profit seems to be hundreds of percent
If you have any questions, I will be happy to answer them
and you may also be interested in any other coin analysis you want to see then you can leave comment
Will XLM Price Ready To Cross $0.14?XLM showcases a double-bottom bounceback from the 200-day EMA.
The recovery rally breaks past the resistance trendline, potentially averting a death cross.
XLM's breakout rally is nearing the overhead supply belt at $0.14.
Currently trading at $0.12269, XLM is at a 37% discount from its 2023-high of $0.1959.
The bullish double-bottom reversal suggests a potential surge in Stellar Lumens' market value.
The rally is positively influencing the 50-day EMA trajectory.
XLM's price trend between the 50 and 200-day EMAs indicates a strong bounce.
With a 7.67% increase in the last 48 hours, XLM surpasses the 50% Fibonacci level.
The breakout rally aims for the $0.1425 mark, challenging the supply belt.
The supply belt aligns with the 23.60% Fibonacci level.
The double bottom reversal's neckline is at $0.1425, potentially leading to a 15% price increase.
If bullish momentum continues, XLM could break the $0.1425 supply belt and aim for $0.20.
A downtrend breaking the 200-day EMA could see XLM drop to $0.094.