XLMUSDT trade ideas
Who Let the Dogs Out?I was planning on riding XLM to about 38 cents, but if we close below this trend line i will cancel my trade and look for a better opportunity to buy. the sad thing about XLM is that on trading view the same dogs that see a big green candle start calling for bullish targets, but when the market goes against their bullish ideas the same people hid under their blankets like scared little pet dogs, theyre not willing to admit that they fu**ed up.
XLMUSDT 1W LONG📈Hi all. Timeframe 1 week. Stellar is globally in an ascending channel and is currently flat at its support. A fractal repetition of growth to the upper boundary of the channel is possible. I'm considering placing on spot now, and long on breakout/retest, depending on your type of trading. Marked goals and levels on the chart.
XLM will follow XRP - bullishhi traders
XLM is a broter of XRP and as we're bullish on XRP, it can't be different for XLM.
The price is above SMAs and is respecting the upsloping support.
It's a matter of time and we will see a nice pump.
The long position can be taken now.
3 targets are shown on the chart.
Stop loss: 0.1121
Pullout TargetI recently posted some ideas about XLM visiting 9.5-10 cents before the bull run. I looked at a few ideas from other traders and I changed my mind. I no longer see any signs of a bearish move to those levels or at least i hope so.
I bought at exactly 12 cents (shouldn’t have been greedy and bought up at 10.5 cents.). My sell target is 38 cents and many might think it’s a greedy target and a bit far fetched, but when I look at Elliot wave rules, I don’t think 38 cents is a greedy target at all. We might have a pullback at 24-25 cents, but for now my target remains 38 cents a piece.
The Bullish Case for XLM! A Comprehensive Analysis!!!XLMUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Potential H&Smany believe that price has broken out of the descending channel or the downtrend, whichever you wanna call it. what the many don't realize is that XLM is entirely dependent on BTC when BTC is bleeding. those of you calling for a breakout better hope BTC stabilizes here and goes sideways for at least a few days, because if s*** hits the fan and BTC decides to retest the 30k-32k support level, it means a drop of about 15% and usually but not always when BTC goes down 15%, XLM doubles that number and bleeds even more. for those who have bought XLM anywhere between 7 cents to 15 cents and are holding for the long run need not worry, because you'll get to sell it when it hits 4 dollars a peace and get that bread. somehow i still think we will have about 20% to go down depending on how BTC behaves in the next few days.
XLM-USDT | Incoming Pump!What Is Stellar (XLM)?
Stellar (XLM) is a peer-to-peer (P2P) decentralized network created in 2014 by The Stellar Development Foundation or Stellar.org. The network officially launched in 2015 with the purpose of connecting the world's financial systems and ensuring a protocol for payment providers and financial institutions. The platform is designed to move financial resources swiftly and reliably at minimal cost. Stellar links people, banks, payment processors and allows users to create, send and trade multiple types of crypto.
The basis of the network is its native digital currency - XLM or Lumens. XLM acts as an intermediate currency for operations and is also used to pay transaction fees. How it works: the protocol converts money in a few seconds, first into XLM, and then into the requested currency.
The Stellar payment protocol is based on distributed ledger technology -- an open-source development, community-owned and distributed by community. The crypto asset of the Stellar platform helps with cross-border transactions, overcoming the problems of high fees and slow procedures. XLM is more focused on assisting individuals transfer money than they are with institutions. Thus, Stellar offers access to financial systems, and people can send money at low cost and promptly around the world.
Moreover, Stellar serves as a decentralized exchange and marketplace, with a built-in order book that tracks ownership of Stellar assets. Platform users can manage buy/sell orders, as well as select and set their preferred assets in settlements. XLM is a built-in coin that helps reduce transaction fees.
The network maintains a high level of security. XLM holders must have at least one token in order to remain active on the network. This nuance performs a global goal - the execution of network transactions efficiently and with minimal time costs. Plus, Lumens offers protection against flood attacks by making microtransactions too expensive for hackers with no chance of profit, which keeps Stellar Network safe from serious threats.
The target audience of Stellar is the inhabitants of developing countries, ordinary users who are provided access to the global economy through fast, simple and inexpensive transactions. Stellar Network makes extensive use of Lumens to produce live convection as well as to send cash in multiple currencies; currency is sent from one peer, and the recipient can receive the amount in another currency. This feature is beneficial when a transaction is made between currencies without widely traded pairs.
Support for multi-currency transactions is another competitive advantage of Stellar, and the ability for cross-currency transactions has only enhanced processes with foreign operations. Moreover, stable speed and low transaction costs are a privilege that users receive.
This functionality is powered by a development called Anchors (a bridge between different currencies and the network), which simplifies the exchange within the network and helps speed up the whole process.
Nine Point Five Cents ie In my previous post I said I feel like it’s impossible for price to go back to below 10 cents.
I take it back. If the first support level doesn’t hold, then we’re gonna head back to 9.5 cents.
I’m gonna repeat for the 100th time, if BTC is headed for the 31k-32k retest, then there will be blood all over XLM which is gonna be good buy opportunity for long term investors.
If BTC decides it doesn’t want to head back to 31k-32k, then I might start to believe that XLM will hold support at around 10.8 cents and form a reversal.
DependentIf BTC really plans to retest the $32k support, then there’s a high chance XLM will end up visiting 78.6% Retracement Level. I also feel like it’s impossible for XLM to go back to below 10 cents, but they say: never say never. Usually XLM exponentially increases in price only after BTC tops.
There are two scenarios:
1) we’re going to 78.6% support
2) we’re headed to 24 cent resistance level.
I would like to know what others think about these two scenarios. So feel free to share your thoughts.
XLM: Time To Go Up To 0.1500 This TimeXLM: Time To Go Up To 0.1500 This Time
From the previous analysis posted on May 22nd, I was looking at XLM to go lower into the support area located near 0.07700.
Near that area, I was waiting for the price to recover.
As you can see, the price already created the expected bullish movement and increased by almost +24%
A small correction is expected again. This time it looks like XLM should continue to rise further considering the improving Crypto Market Optimism.
Thank you and Good Luck!
Previous analysis: