XLM @ Price Action Cross-Roads Price tested support trendline. Currently testing 0.36 region short term resistance. Waiting for price to break & retest support to long, or price breakdown below trend line and previous low to short. Lots of overlaying support areas including 0.618 fib. Expecting bullish price action. Just so happens XRP is also retesting medium term support. Same analysis on XRP.
XLMUSD.P trade ideas
Looking to 100x?Start stashing Stellar if you haven't already begun to do so. We've tested the resistance point at 0.7 and once we breakthrough that resistance, we will be flying up to the $35 zone to test the next resistance. Definitely a must have crypto for anyone looking forward to banking x100!
XLM the sweetest optionXLM
So if we are doing this mid October 17 fractal area idea and move it over to XLM it looks like this. And funnily enough it looks pretty bloody similar overall.
If ol Jed pulls this one off. Sheesh. I wouldnt underestimate him or the dynamic duo that is xrp/xlm. but xlm is xrp without the shady shit. plus Jed has been harvesting all those unlimited xrp gains for the last bloody 10 years or whatever it is now. Dude is low key able to buy whole countries at this point.
I am loaded in case this happens. I've been wrong twice now on this one. 3rd times a charm baby.
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Stellar Lumens 3 day chart - Long term coffee cup handle patternWe can see that Stellar Lumens from 2018 been going up slowly forming a coffee cup handle pattern for the 2 year cycle - 3 day chart
I think we pass the coffee cup handle now and first trend target around $0.80 US resistance and to break it if we have bigger volumes, heading towards $1.28 US fib targets
Stellar Lumens has the technical and fundamental news (especially with Circle US integration with MoneyGram)
www.nasdaq.com
We need big volumes now and Stellar Lumens the big winners for 2022 and 2023 completing a strong momentum bullish cycle for the next 2 years
XLMUSD (3H) Bearish ReversalHi Traders
XLMUSD (3H Timeframe)
Waiting for the downward break of 0.355 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.398 would cancel the bearish scenario.
Trade details
Entry: 0.355
Stop loss: 0.398
Take profit 1: 0.333
Take profit 2: 0.292
Score: 5
Strategy: Bearish Reversal
Going InterStellarBeautiful patterns!
Big ass bullish pennant with an inverse h&s at the apex.
Golden Cross around the h&s area.
MACD even has a pattern and looks as if it is about to curl up.
RSI even has a pattern.
Target, Entry, and Stop is labeled.
Blue arrow is a roughly predicted path based on expectations of resistance levels.
We are still yet to confirm a breakout but damn.
NFA. This is for my own hindsight.
A closeup of the apex area: