XLMUSD trade ideas
ARIASWAVE MARKET UPDATE - NEW WAVE COUNT EXPLAINED...In this video I continue on from my XLM PRICE ACTION UPDATE which I will link below.
It all started a few weeks back when the price action was invalidated on the XLMUSD analysis.
Instead of just jumping the gun, I took my time in analyzing and discovering the flaws in my previous analysis.
Just because the main stream media is bearish didn't mean that I was going to follow along.
Instead I took it upon myself to try and understand what is happening in order to find any clues that might lead me on that path.
So now I present a more bearish view in a timely manner, pointing out the reasons why I believe we will go lower for a period of time.
This could potentially lead us into the end of the year but at this stage it is best to just follow the waves.
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 adviser, I suggest using this only as a guide. Always do your own research.
XLM STELLAR LUMENS - PRICE ACTION UPDATE - CHANGED COUNT!This idea is the first of the public ideas that reflect the new change of view for the broader view of the markets.
Ever since we had the failed continuation of the previous count I have been looking into why this happened.
Since then I have been looking deeply into the price action in the Dow Jones, NASDAQ, Bitcoin and EURUSD.
I have adjusted those count which happened over this period and now I will begin presenting the new view.
I will only be presenting the current wave structure from now for each chart for the sake of clarity and to make the videos shorter and more to the point.
Keep an eye for my next market update which will explain this change of view in greater detail.
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 adviser, I suggest using this only as a guide. Always do your own research.
XLM/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The bottom looks like it's in. I can still see another leg down tho (C) wave shows another leg down to 0.05 area. This scenario is not likely to come, but never say never.
How I would trade this: Buying now and adding on the way down if it goes. We call this method laddering down or dollar cost averaging.
Once again, not financial advice.
Risk/Reward: 17.5
People say never go in on trades if RR ratio is not around 3...
This is huge.
ARIASWAVE MARKET UPDATE - Turns Take Time, patience required.In this video I take you through some simple cycle analysis to add credence to my wave counts.
Things becomes a bit clearer when you take a step back and look at the bigger picture.
What exactly do people expect will happen to the markets?
Since when did the main stream media warn me that a crash is coming in time to save my capital?
If I relied on the mainstream media I would already be completely broke because the move down started months and months ago.
I am not buying their good Samaritan warnings. I am doing the opposite.
I am not just a contrarian but I also have AriasWave to guide me through these types of corrections.
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 adviser, I suggest using this only as a guide. Always do your own research.
LONG - XLMUSD - 1HPAIR:- XLMUSD
INSTRUMENT:- CRYPTO
POSITION:- Long
STRATEGY:- Dow Theory + Candlestick Pattern
REASON:-
* Multiple hammers + engulfing
* Bearish candles getting smaller and smaller (momentum loss)
* Bulls are starting to step with 3 consecutive bullish candles, trying to catch from the bottom and ride the uptrend wave
Entry @ CMP
Take Profit @ 0.117981
Stop loss @ 0.106564
Risk to Reward:- 2:1
XLM TO $0.03 (£0.025)- XLM is in a downtrend as you can see.
- It will most likely reach £0.025
- The first target where I will personally take some small profits is at the 4.618 level at $4 (£3.30) - 132 X RETURN
- MY second target would be around $30 (£24) - 960 x RETURN
- So if you was to invest £1,000 at £0.025 you could turn that into £132,000
- If you was to invest £1,000 at £0.0.25 you could turn that into £960,000 this could take around 5-8 years!
- NOT FINANCIAL ADVICE!!!
ARIASWAVE - XLM STELLAR LUMENS - PRICE ACTION UPDATEIn this update I highlight how XLM has been taking a very clear path towards the target to complete the final 5-Wave Move to the downside.
So far nothing suggests that XLM will continue to plummet after this move is over but rather it should begin to form a base in the coming days and weeks.
Once we complete the move it is my assertion that we see a move back up above where this pattern began in order to confirm that the whole correction is over.
Don't be surprised if the broader markets also start to see signs of life.
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 adviser, I suggest using this only as a guide. Always do your own research.
Interesting setup for StellarHere's an interesting setup for Stellar if it plays out. I don't expect this to work out given the headwinds all markets are seeing right now, but if stellar holds this line as support, it would potentially mean a big swing to the upside (7X back to the top). Invalidated if it breaks below.
ARIASWAVE - XLM STELLAR LUMENS - PRICE ACTION UPDATEIn this video I cover the latest price action update for XLM Stellar - Lumens.
This Wave E is moving slow which indicates that the bear market has already weakened substantially.
To be honest not much has changed which is why I have delayed this update until now.
If you do not have a relatively accurate way of observing price action then chances are that you spend
a significant potion of your valuable time trying to figure out what is happening.
Nothing could be more painful than observing such negativity in the media and trying to find a good entry point.
That is exactly why I ignore everything I read and hear from the mainstream media that relates to the economy.
Treat the media as entertainment because that is all it is good for, if that.
My goal is to help you understand what is happening using ARIASWAVE.
Once we start this new bull market I believe it will become clear how effective this methodology really is.
Me myself I am just dollar cost averaging into this because it's likely that we will never see these prices again.
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 adviser, I suggest using this only as a guide. Always do your own research.
XLMUSD - 1W - Wait for the end of this falling wedgeHi guys,
on the weelky timeframe we can notice Stellar (XLM) is in a giant falling wedge pattern. This is usually a pattern leading to an upside move.
We can't ignore the red path as bitcoin and macro are not at their best at the moment. Bitcoin still on the edge of further downside.
However, if things can get better for crypto, we can imagine (and pray) for the green path.
then first target would be the 0,47$ (strong resistance and ichimoku level on the monthly / daily)
then second target is the top of the falling wedge which is also the previous ATH (weekly close) at 0,70$.
This could form a giant cup and handle. If and only if we have a strong break to the upside with a strong candle close :)
if this cup and handle is confirmed the targets will be awesome.
But dont get excited too quickly there are still many targets to achieve first.
If you agree, please feel free to like this idea :)
Bye guys
NFA
ARIASWAVE - XLM STELLAR LUMENS - PRICE ACTION UPDATEIn this quick update I go over the latest XLM STELLAR LUMENS ARIASWAVE count for what could possibly be that last wave in this entire correction since May 2021.
This is in line with the count in the Euro Dollar chart video which I recently posted.
This is also in line with the long term count for the Dow Jones.
The bears are quickly running out of steam and this whole thing could change direction very quickly.
If these counts are accurate then we could possibly be about see huge reversals take place within the coming days and weeks.
A lot of the fraudulent BS crypto projects have already been flushed out and exposed as phony.
It is time for the phoenix to rise out of the ashes.
All time highs will be obliterated in the coming bull run but make sure you make informed decisions along the way.
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 adviser, I suggest using this only as a guide. Always do your own research.
xlmusdtthe federal reserve has admitted they are falling behind on cbdcs and have also admitted that a central bank digital currency could help maintain the dollar international standing at this point they have two options, either they start from scrath and be behing a decade. or start on already up an running tech its either XRP or XLM that they will need to choose. for me xrp is far ahead of xlm but the dam lawsuit its holding it back. so might want to have both coins at this point, , accumulation looks rock solid on alot of top coins. this blockchain tech is no joke some will take off big some will vanish so you want to pick the top coin on every category, nfts, de fi, metaverse,..
XLMUSD ❕ Stellar above the liquidity zoneStellar broke above the liquidity zone.
The 50MA broke up the 100MA on the 30m Timeframe.
XLM has fixed above the 100MA on the 30m Timeframe.
I expect the coin to break out of the downward channel in the near future, and if it fixes above the resistance level, the price may continue to rise.
ARIASWAVE - XLM STELLAR LUMENS - PRICE ACTION UPDATEThe previous count was invalidated but it doesn't really change much given what is happening in the stock market.
Bitcoin and Ethereum are taking a beating by comparison but then again they haven't been correcting since May 2021 like other coins.
It's their turn to correct.
I still maintain my long-term bullish view because I still believe that March 2020 was the start of a mega bull trend that will last years.
I shall keep dollar cost averaging into this throughout this whole period and I will be bullish until the trend is no longer my friend.
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 adviser, I suggest using this only as a guide. Always do your own research.