XLMUSD trade ideas
XLM/USD ON WEEKLY-Currently inside a large ascending triangle pattern
(This is more of a bullish pattern and is neutral until we see a breakout in either direction)
-RSI is holding the same trend as price action
-Volume has stayed stagnant and will most likely pick up on a breakout making for a strong move
Trade setup
Entry point - Above ascending triangle after breakout
Stop loss- Below the bottom of the ascending triangle
Tight stop loss- Below $0.40 after confirmed breakout with retest
Take profit- Green dotted lines at $0.0517 & $0.0632
*Not Investment Advice*
XLM Backtesting Handle of GIANT C&H?!XLM Has been building this potential cup and handle since the '17 top. Has Bitcoin topped and we are starting a new bear market without coins like $XLM $DASH $EOS $XRP etc not hitting previous ATH's?
In my opinion this could just be backtesting the handle (Last shakeout) before really something special here.
#NotFinancialAdvice
XLMUSD Momentum | ForecastXLMUSD will need to break 0.321765 for a bearish continuation owing to the bearish pressure at 0.341979.
0.311974 is the nearest target and 0.287737 is the bias.
*We do not offer signals but we strive to be as accurate as we can possibly get. :)
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Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
ARIASWAVE MARKET UPDATE - GOLD - DOW JONES - BITCOIN - XLMUSDThings are still looking rather shaky across the board.
Not much has changed since my last update but we are definitely starting to see a confluence of things taking place.
The one thing that I am still very bullish on is GOLD.
Whilst everything else takes a hit I believe GOLD will be repriced based on some underlying macro causes.
I believe that this time it is different because of what I see potentially happening in the US 10YR Bond Yields.
Inflation is rampant and will more than likely accelerate in the near future.
For now I will keep an eye on these moves especially over the coming weeks.
Check out previous related ideas linked below.
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!! WE ARE BULLISH !!!What's up Traders, Investors and the unemployed Moonboy Jimmy's who buy crypto with there Stimmy's. Here is an update and a verification of my last analysis. Not much has changed except that the count is even more clear to me. We are indeed in a beautiful ascending triangle. The question im asking myself is if this is indeed a 1-2, 1-2 with wave 3 to go or is this a 5-3-5 correction to the .50 fib level. I see a bullish ABC flat correction here within the ascending triangle. There is a chance that the final C wave could correct lower to the $.27 area before going up. If that happens, make sure your ready to fill your XLM bags. Then again, there is a great chance that the the ABC flat is done already and we go up from here. I really don't see any evidence in this structure that tells me we are going down to lower levels such as $.10 or lower than our low of $.19.8. If that were the case we would have to go higher first because so far the way this is looking I don't see a correction that is finished yet that will lead us down further. Instead I see a bullish structure forming that will have us move higher. My first target is the .50 fibonacci level from our swing high of $80 to our swing low of $.198 which is around $.50. If we are indeed entering a wave 3 my target is around $.65. XLM has been moving like a Sloth and I can see people getting bored or giving up on XLM. These are the times that you accumulate for long term profits. When no one is paying attention and no one is talking about this coin makes a great buying opportunity. Xlm is one of the most undervalued crypto's in the space IMO. If Doge can hit an 89 billion dollar market cap with hardly a use case, why can't XLM hit $6 one day. $6 is my rational long term target. There will be many milestones before that and huge swings that will be tradable, where you will have great opportunities to double your XLM. First, let's see if we can break all time high's in the upcoming months. I will always do my best to keep you guys ahead of the big moves whether there bullish or bearish. Right now I'm bullish and unless I see something that changes my mind, I'm pretty confident that we have a nice move coming. This is not financial advice and you should always remember to set your stop losses. Happy trading
XLM StellarHI !
On weekly time frame we can identify the cup and handle pattern. BULL SIGN in a BULL trend
On a Daily time frame we have a nice ascending triangle. Bull sign
Also, we can see the ending of the 2 Fibonacci retracement wave .
The targets are mentioned with a purple line .
Happy trading everyone !
XLMUSD Analysis November 28, 2021We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc. On crypto we are looking at the Daily and 1 Hour timeframes to take trades when they are ready.
On the weekly timeframe we can see that price is coming towards a key level of support at the 0.28 mark. I expect price to drop lower until it hits that area.