XLMUSD - We Are Trading A Bull Trap Wave D...In this video, I delve into fresh analysis which is also applicable to Bitcoin (see related ideas below), employing wave patterns as a guide.
While maintaining a bullish outlook is acceptable, it's crucial to stay vigilant against potential bull traps.
Additionally, it's essential to bear in mind that significant market surges often stem from substantial stimulus, which hasn't materialized yet.
The extraordinary performance of Bitcoin may have skewed our perceptions, but it's important to remember that such significant movements typically occur across all cryptocurrencies simultaneously, which hasn't been the case.
This, I believe, explains the current situation.
Nevertheless, there are still opportunities for profit, and we're currently engaged in this trade with a revised target of .2737.
Importantly, I'll continue monitoring the wave patterns to anticipate these movements as they unfold.
ritical support at this stage remains at the low around .1068.
XLMUSD trade ideas
XLM - I Told You This Would Grind Higher, How Did I Know...I don't rely on a crystal ball; instead, I possess something far more potent—the AriasWave methodology.
It surpasses mere theory; it's a comprehensive blueprint elucidating market dynamics. I previously indicated that the market would ascend gradually (refer to the linked video).
The observer's skill in interpreting price action is the sole constraint in this methodology.
Support persists at .10683 until the completion of Wave D, which will steadily climb and breach .1383. Skeptical? Simply observe and witness its efficacy.
Incorrect Analysis No. 10000I hate XLM, but the long term chart looks good. I've never made money by holding xlm, which is enough warning for you to not take this idea seriously. there's a 5 wave game at play. we've completed wave 1 and 2. wave 3 target is 5 dollars. wave 4 target is 1 dollar and twenty cents. wave 5 target is 18 dollars. i have used fib retracements and extensions to come up with those targets. and if you didn't know, fibonacci ratios are probabilities in this chart. i'd have to make another chart for how i've used fib ratios in this chart.
XLMUSD - The New Count Suggests We Will Grind Higher For Now...The overnight price movement prompted a reconsideration of the count, suggesting that Wave D is just beginning and will break out of this range.
I anticipate Wave D surpassing the .1383 level as it perseveres higher against prevailing odds.
Such price action, though familiar, can be perplexing without a clear grasp of wave structure. In the accompanying video, I elucidate the rationale behind this shift and provide a roadmap for the weeks ahead.
XLM PRICE ACTION UPDATE - Coiling Up For A Move Higher...As the transition from pessimism to optimism persists, it becomes evident that this trend is unfolding precisely as expected.
There's no need for skepticism; market waves follow a pattern of repetition rather than logic. This cyclic nature implies predictability in prices.
As Ed Seykota famously remarked, a single successful trend can compensate for numerous unsuccessful ones.
While such opportunities are rare, seizing them warrants steadfast commitment until the trend exhausts itself or reaches a predefined target systematically. Emotions should be disregarded; instead, establish a profit-taking strategy and stick to it.
Step away from the screen; engage in activities like tending to your garden to shift focus.
Maintaining critical support at .1068, we anticipate establishing a new support level upon surpassing the previous mini Wave D around .1183.
STELLAR XLM MEGA PRICE EXPLOSION - 2 Confirmations!We now have confirmation of two out of the three necessary levels being broken, with the next one to watch at .1383. In this video, I explore various timeframes and utilize a small degree completed structure as an example to illustrate what's unfolding at a larger degree of trend.
These recurring patterns are reliably predictable within the framework of AriasWave. If you adhere to Elliott Wave principles, you might find yourself compelled to reassess your current living situation. By incorporating common market patterns, the analysis becomes compelling, offering a strong case for supporting anticipated moves.
Doubt can sabotage potential gains; if you doubt your worthiness of a 3000% increase, you'll find reasons to discredit the analysis without thorough research.
When a market garners little attention, it often signals a bottom, and many are overlooking the potential of XLM. It's time to wake up and seize the opportunity for profit. You'll be grateful later.
XLMUSD (Daily) - Bullish reversalHi Traders
XLMUSD (Daily Timeframe)
Waiting for the upward break of 0.1172 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.1068 would cancel the bullish scenario.
Trade details
Entry: 0.1172
Stop loss: 0.1068
Take profit 1: 0.1233
Take profit 2: 0.1335
Score: 7
Strategy: Bullish reversal
XLM MEGA BULLISH UPDATE - Things Are Picking Speed At This PointEver since I introduced XLM on this platform, my comprehension of market dynamics has significantly improved through my analytical approach.
The significance lies in reaching this juncture. As we approach breaking the crucial level of .117 on our journey towards $2, it's essential to review the rationale behind this rebound. Additionally, I'll discuss the potential future trends following this development.
Remember, it's crucial not to develop emotional attachments to trades; rather, utilize them as tools to enhance your financial standing.
XLM LONG TRADE IDEA - Target $2 - Buckle Up...The comprehensive analysis of this trade setup is available in the linked ideas below, elucidating the entire trade strategy employing the AriasWave methodology (distinct from Elliot Wave).
Entry: .1144
Stop: .1095
Target: 2.0
Trade cautiously, acknowledging the inherent risks involved.
XLM PRICE EXPLOSION INCOMING - The Latest Update On The Waves...In this latest video, I delve into the accuracy of my earlier prediction regarding the recent downward movement observed overnight.
Additionally, I analyze the significance of breaking the .112 threshold, indicating a potential direct trajectory towards $2, at the very least.
Notably, if we breach this level, support for this momentum shift lies at .109. For a comprehensive breakdown, watch the entire video linked below.
THE XLM PATTERN - A Full Breakdown Keeping It Simple...In this video, I delve into my latest analysis of the XLM pattern, which appears notably precise and credible in contrast to prior assessments.
These recurrent patterns play a pivotal role in setting the stage for the forthcoming action, and it seems plausible that we are on the brink of witnessing a substantial upward surge from present levels. Every internal wave has been meticulously identified, leaving no room for uncertainty.
A breach beyond the .117144 mark should convincingly signal that we have indeed reached the bottom prior to the subsequent significant movement, which occurred approximately 1000 days ago.
The projected target stands at $2, reflecting a potential gain of over 2000%.
XLM MOON SHOT VIDEO - Breakdown Of The Chart Idea...In this video I go through the chart I posted.
Recently, I've observed something quite intriguing that suggests the significant upward movement might occur sooner than anticipated.
From a trading perspective, I believe there's some promising potential here.
If this analysis holds true, XLM could potentially surge to at least $0.79 from its current position.
A breakthrough above $0.11714 followed by another above $0.138837 could signal the beginning of a third-of-a-third wave. Additionally, we've witnessed a breakout from a sloping trendline, followed by a retest, and there's also a miniature inverse head and shoulders pattern forming at present lows.
Considering the XLMBTC chart is currently at all-time lows, I anticipate a reversal in its performance relative to Bitcoin.
Let's monitor how this unfolds.
STELLAR MOON SHOT - Is It Finally Time To Go Long XLM???Recently, I've observed something quite intriguing that suggests the significant upward movement might occur sooner than anticipated.
From a trading perspective, I believe there's some promising potential here.
If this analysis holds true, XLM could potentially surge to at least $0.79 from its current position.
A breakthrough above $0.11714 followed by another above $0.138837 could signal the beginning of a third-of-a-third wave. Additionally, we've witnessed a breakout from a sloping trendline, followed by a retest, and there's also a miniature inverse head and shoulders pattern forming at present lows.
Considering the XLMBTC chart is currently at all-time lows, I anticipate a reversal in its performance relative to Bitcoin.
Let's monitor how this unfolds.
WHAT IS GOING ON WITH STELLAR?Given that Stellar is a sister blockchain to XRP. It's a visioned as a public version of the "bankers coin" that XRP got labeled with due to its use cases being so closely integrated into the payment providers and services they've partnered with. So Stellar seeks to be a plebian coin that can do the cross-border work that XRP can do.
Stellar has done some of the same, with a few agreements with some countries to run transactions on their chain.
All that aside, if we look at the chart patterns and the selling pressure on the p=rice action over the past few years, then a downward triangle pattern lies from the ATH.
If we look solely at price action, Stellar has been in an accumulation phase for many moons. The prior ATH was very optimistic. I look at old numbers like this and must remember that A LOT fewer people in the market could get a hold of the token back then. Naturally, the fewer holders - and holders willing to sell - lead to price appreciation. Then you see the massive sell-off and the ping-pong back and forth as the prices settle and seller exhaustion waned.
As we've been in a hostile regulatory environment - due to the SECs lawfare - and while that has been focused on XRP, it has also affected the price action for Stellar.
One element we must remember is that XRP has some regulatory clarity. There is little evidence that retail sales violate the SEC's rules because Ripple didn't sell the public a token they produced.
The same appears to apply to Stellar. Stellar is currently 1/5 the price of XRP and appears to correlate to XRP from historical performance.
In short, exhaustion is taking hold on Stellar, and with promising ETF news for BTC and the potential for an XRP ETF in the future, I'm keeping an eye on this token for my personal bags.
NFA. DYOR. Intended for educational purposes only.
XLMUSD: 2 OPTIONSTwo options I see:
1) We consolidate within the triangle and eventually break up to retest the .786 fib.
2) We consolidate within the triangle and eventually retest the long term trend dating back to May 2020, lowest possible .092 cent range.
Tell me what you think the gods will deliver us?
Cheers,
Bo
Stellar lumens to $12On the above 4-day chart is a ridiculous prediction. Nonetheless, the foundation is for lack for better word is, solid.
Price action has corrected almost 90% since the month of May 2021. A number of reasons now exist to be bullish. Those are:
1) The ‘incredible buy’ signal. Definitely not to be ignored on this time frame.
2) Price action now finds itself on the golden ratio at measured from the March 2020 lows to the highs of May 2021.
3) Let’s talk about this perfect Cup and Handle formation. Technically it is text book. The correction thus far is squeezing between the golden ratio and price action resistance. Eventually it will breakout, that’s your signal.
4) This is a 100x projection.
Is it possible for price action to fall full further? For sure.
Is it probable? An emphatic no.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 6 to 12 months, seriously.
Return: 100x
Stellar ($XLM) Chart Analysis and Potential Paths Ahead
Stellar ( CRYPTOCAP:XLM ) enthusiasts and investors have found themselves in a curious position as the cryptocurrency currently navigates a sideways range, caught between critical support and resistance zones. We delve into a comprehensive analysis of the XLM chart, examining key levels, trends, and potential scenarios that could unfold in the near future.
1. The Sideways Struggle: A Tight Range
Stellar's current price action is constrained within a narrow range, with a support zone established at $0.107–$0.100 and a resistant ceiling at $0.116–$0.119. This indicates a period of consolidation, where the market is awaiting a catalyst to determine the next directional move.
2. Downward Local Trend and Support Breach Concerns
The chart analysis reveals a downward local trend, raising concerns of a possible breach of the support zone. If this scenario unfolds, CRYPTOCAP:XLM could reset its local low to approximately $0.103. Traders and investors will closely monitor this critical support level to gauge the potential depth of a subsequent decline.
3. Bitcoin's Influence: A Crucial Factor
The fate of XLM appears closely tied to Bitcoin's behavior, given the historically high correlation between the two cryptocurrencies. Investors need to keep a keen eye on Bitcoin's movements as it could significantly impact Stellar's trajectory. A bullish trend in Bitcoin might provide the necessary momentum for CRYPTOCAP:XLM to break free from its current range.
4. Pivoting Upward: Breaking the Seller's Barrier
To shift towards an upward trajectory, CRYPTOCAP:XLM must overcome the seller's barrier at $0.122. Successfully challenging and surpassing this level opens the path for Stellar to target the resistance zone ranging from $0.124 to $0.128. The true bullish signal, however, lies in maintaining a stable position above $0.128, indicating the emergence of strong market buyers.
5. Market Sentiment and External Factors
Beyond technical analysis, market sentiment and external factors play a crucial role in shaping CRYPTOCAP:XLM 's future. News, partnerships, and broader market trends can influence Stellar's price movements. Traders and investors should remain vigilant about potential developments that could impact CRYPTOCAP:XLM 's market dynamics.
Conclusion:
As Stellar ( CRYPTOCAP:XLM ) oscillates within a confined range, market participants eagerly await a breakthrough that could define its near-term trajectory. The interplay of technical levels, Bitcoin's influence, and broader market dynamics sets the stage for an intriguing period for Stellar enthusiasts. Whether CRYPTOCAP:XLM can break free from its current sideways shuffle and embark on an upward trajectory depends on a confluence of factors that investors should closely monitor in the coming weeks.