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XLMUSD trade ideas

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
COINBASE:XLMUSDLong
by mfibbs
15
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.
BINANCE:XLMUSD
by Forex_League
6
Inverse head and shoulders Hello friends, Is XLM a Safe Cryptocurrency Investment? Yes, I think, there is a lot of room for growth in XLM, why? The lower the "recovery", the better! Because when the recovery is low , it gets the attention of more traders who were out of the market (newcomers to the market). Real breakout: You should watch for a large spike in volume to confirm the real breakout. Then, the investor enters on the first break of the neckline. Follow updates.
COINBASE:XLMUSDLong
by BTC-XLM
7
XLM/USD Possible wave countXLM has shown some resilience here, wicking down into the demand area when Bitcoin and other are having deeper pullbacks. I've struggled making sense of this Elliot Wave count. I'm recently re-reading a Stellar trading book [ haha, see what I did there ;-) } that has a small section on Elliot Wave. The author offers a great reminder to not get overly caught up in the Wave Count, or Structure Identification. Although I'm considering this correction as a Double Three. His advice is simply this: Overlapping Structures are corrections, big impulse moves don't overlap. This is the only count I can make sense of where WAVE 1 is clear, the rest is choppy overlapping nonsense. .42-.44 is our trigger. I would suggest a weekly close above before we really load the boat. But, I'm also going to try and get some in early if it can hold this upward trendline with a tight stop. Not Financial Advice
COINBASE:XLMUSDLong
by Pridwen
1
XLM - Good Opportunity (Target $2-2.75)Hi, this is my new update for XLM. We have been in correction mode for 192 days and I think the bullrun for XLM is not done yet. Now we are in one of the most beautiful parallel channels in the history of cryptocurrencies and we have tested both trendlines multiple times. I expect we have one more push in XLM, that will give us more than 500% gains and I found the target $2-2.75 from both the parallel channel and the 4.236 Fibonacci extension. We are now fighting with 50, 100 and 200 day moving averages at the same time and we have a big resistance around $0.42, but I expect once we break it we are ready to takeoff. So be patient and don't panic. Good things take time ;)
KRAKEN:XLMUSDLong
by GOAT1375
10
Potential Ascending triangle on XLMFresh Post Monday Fun In trading it is very important to have several mental models in mind. You can not be biased and in love towards 1 scenario you WANT to happen. we have a beautiful ascending triangle which can be recognised by a ceiling and a sequence of higher lows. Important to note is that patterns occur on every timeframe. What happens on a smaller timeframe is less significant than what happens on a bigger timeframe. So if we see an ascending triangle on the weekly chart ( high timeframe ) you could be thinking about a semi long term bullish run for xlm. But like I said , you can not fall in love with that scenario so you have to make mental models if something else happens. Outlined are 3 scenario's that can happen and you need to plan in advance how you are going to adjust your strategy if you were right / wrong about your model. Which model do you like best ? Nova
FTX:XLMPERP
by Nova44