XLM next in list for alt coin bull runXLM breaking out from the cup and handle. I created the risk reward ratio for entry and stop loss
XLMUSD.P trade ideas
XLM:ONE OF BEST PROFITTABLE CRYPTO CURRENCY|NEXT TARGET $44.000⚡Hi everyone, today we analyze this incredible crypto that gave us many satisfaction. XLM Stellar is a chain fork optimized for real-time FX transactions. Lumens (XLM), the native platform criptocity is used as an intermediate currency for cross transfers. Transactions trans-assets are made possible via "anchors", which pose currencies on the network by acting as reliable entities that hold deposits and can issue credit. The stellar network charges in a small fee at each transaction to prevent spam attacks and has a 1% fixed inflation rate a year.
XLM presents a positive correlation with the BTC of 80 points, we can say very high. From the 21st Jul, the value of this crypto has risen more than 100% following the bitcoin rally.
You can look at our ideas on the BTC in description. In the last sessions the price had closed inside a triangle where in conjunction with the BTC that was inside another compression figure.Same for BTC both compression pattern was broken in the last 2 days.
In the graphics analysis you can see where we have positioned the target and stop loss.
What do you think ?
TP: 0.44
SL: 0.3231
Buy Signal WeeklyFirst Time a buy signal has dropped since the runup early last year and we can see the results following the last flash. Alt market hot as can be and XLM waiting in line for its turn.
XLMUSD - Trend AnalysisChart shows the possibility of the bullish run in the next few days and it's target.
XLM back test to 0.32 could be a good adding opXLM flagging here for a measured move to 0.45 or so. 0.32 could be entry as long as the channel holds.
XLM ready to breakout cup and handleXLM ready to breakout cup and handle.
The next target can be $0.58 after breaking out the resistance of the cup.
xlmusd bullish don't panic XML break the right angle triangle
And breakout confirm
wait for the resistance breakout
And if you want to buy then buy in support
XML price inside based
don't panic
XLMUSD falling wedgeSetting up leg before the bigger move up. Right now seems like a falling wedge pattern. XLM First target 0.44
ARIASWAVE MARKET UPDATE - NASDAQ\DOW JONES\10YR\USD\BITCOIN\XLMIn this Market update I continue to cover what is going on in these unstoppable markets.
Whether it's up, down or sideways. There is always a good reason for what is currently in progress.
Some people say that it will keep going up until it stops, so how far can they throw off the social mood?
It depends on who is in control and I think we all know who that is.
However these markets forces are driven by nature and will always step in and make one thing clear:
You cannot control the markets forever and especially without repercussions.
Just go back through history and find out for yourself.
This is not the first time that governments and agencies have tried to control and stabilize the markets but it makes a good headline.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
XLM Update - Stochastic RSI crossing bullish on the Monthly! Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
FACTS:
1. Just confirmed a Monthly Dragonfly Doji, which signals "Capitulation" by sellers to form bottom and price reversal!!
2. Stochastic RSI - in 2017 we had a bullish cross and price 86x from there! Present time, we are just about to cross again! Eerily similar in structure!
3. RSI - Price action and RSI are looking eerily similar from 2017 and present time! Will we have another double top??
4. LOTS OF SIMILARITIES COMPARING 2017 AND 2021!!!
BUY TARGETS (We have reached my targets during my last chart, hope everyone listened! Highly doubt we will see these targets again, but buy more if we hit again!):
Target 1: 0.22 (corresponds to the 1.618 fib!!)
Target 2: 0.12 (corresponds to the 0.618 fib!!)
SELL TARGETS:
Target 1: 2.51 (corresponds to the 2.618 fib!!)
Target 1: 4.01 (corresponds to the 4.618 fib!!)
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
XLMUSD BULLISH SET UP XLMUSD is expected to correct a little below to 0.2044 then it goes bullish its most highest price
XLM setup for further declineDescending triangle with flat support is a strong indicator of further decline.
Unless we get some news XLM is likely to break below support and continue to decline.
Macro perspectiveComparing 2018 to 2021. Depending on market sentiment and fomo, it could end up somewhere between the 1.618 and 2.272 fib extention. Not financial advice.
