XLM short play- Broke through crucial support and is consolidating below it.
- No support up until $0.12
- EMA's curling away from each other, signaling more downward movement might be on the horizon
XLMUSDT trade ideas
Xlm#xlm
Hello dear traders, this is my analysis of Stellar:Xlm. .. if Bitcoin drops to 20 thousand dollars.
I achieved important and correct support by combining 3 of the Fibonacci lines and the Ichimoku clouds and the long collisions of the candlesticks.
have a nice day.
Comprehensive analysis of Stellarxlm is on its trend line in daily timeframe, it just broke it but came back to it
In my opinion, by breaking the downtrend line, it can reach the trading ceiling and resume its uptrend and return to higher numbers. It may even reach the last Fibonacci level, which is $ 3.7, but it is unlikely.
The second scenario that can be considered is suffering in the range of 20 cents to 40 cents
But the downside scenario is that Stellar may fall again and reach its support line which is in the range of 12 cents, of course, given the RSI, which shows a sell-off, it reduces the possibility of a fall.
I forgot to say that I drew that vertical line on the chart using Ichimoku time analysis in the weekly time frame.
Crypto Market Slides as Stocks Get Hammered, Bitcoin Falls BelowThe crypto market continued lower over the past 24 hours following a selloff led by technology stocks in the US on Thursday. The falling prices were accompanied by liquidations across the crypto market, with one analyst saying the leverage flush-out could potentially set the market up for a “relief rally.”
Here I show you my Reading expectations. Pur always stops. And Targets. Remember: After Trade is before the next trade.
You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.
Stellar | What is a plan for XLM ?Last month, the Stellar Development Foundation (SDF) participated in a cryptocurrency hearing hosted by the U.S. House Committee on Financial Services.
𝐂𝐄𝐎 𝐃𝐞𝐧𝐞𝐥𝐥𝐞 𝐃𝐢𝐱𝐨𝐧 𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐞𝐝 𝐭𝐡𝐞 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐝𝐞𝐜𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐳𝐞𝐝 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐬𝐲𝐬𝐭𝐞𝐦 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬. 𝐖𝐢𝐭𝐡 𝐭𝐡𝐞 𝐫𝐞𝐜𝐞𝐧𝐭 𝐧𝐞𝐰𝐬 𝐭𝐡𝐚𝐭 𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐚𝐧𝐝 𝐌𝐞𝐱𝐢𝐜𝐨 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐮𝐬𝐢𝐧𝐠 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐭𝐨 𝐫𝐮𝐧 𝐭𝐡𝐞𝐢𝐫 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬, 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐢𝐬 𝐨𝐧𝐜𝐞 𝐚𝐠𝐚𝐢𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭.
The current status of Stellar:
In its seven years of development, Stellar used to have an illustrious history.
It was once a top 10 blockchain project in terms of Market Cap. And even set a record for a 100x increase in token price before DeFi Summer.
𝐔𝐧𝐥𝐢𝐤𝐞 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐫𝐲𝐩𝐭𝐨 𝐰𝐨𝐫𝐥𝐝, 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐡𝐚𝐬 𝐛𝐮𝐢𝐥𝐭 𝐦𝐚𝐧𝐲 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐭𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐈𝐁𝐌 𝐚𝐧𝐝 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬.
However, according to our Analytics, Stellar is currently growing slowly.
After years of growth, it has a TVL of around US$1.5 billion to date, ranking it 40th among public chains, and this rate is far less than that of the up-and-coming public chains that are just starting.
Stellar’s ecosystem is highly underdeveloped, with only two projects at present and very homogeneous.
Reasons for Stellar’s Slow Growth:
Poor Ecosystem Incentives, At the time of Stellar’s creation, an inflation mechanism was set up to prevent a reduction in the circulation of XLM.
Each year the inflation scheme generates tokens equal to 1% of Stellar’s total supply and accounts for more than 0.05% of Stellar’s total share receiving additional XLM coins.
𝐓𝐡𝐞 𝐩𝐮𝐫𝐩𝐨𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐢𝐧𝐟𝐥𝐚𝐭𝐚𝐛𝐥𝐞 𝐦𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦 𝐢𝐬 𝐭𝐨 𝐢𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐢𝐳𝐞. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐬𝐡𝐨𝐰𝐬 𝐭𝐡𝐚𝐭 𝟗𝟖% 𝐨𝐟 𝐭𝐡𝐞 𝐗𝐋𝐌 𝐢𝐧𝐜𝐫𝐞𝐦𝐞𝐧𝐭𝐚𝐥 𝐜𝐨𝐢𝐧𝐬 𝐰𝐞𝐧𝐭 𝐭𝐨 𝐭𝐡𝐞 𝐒𝐃𝐅 (𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧) 𝐚𝐧𝐝 𝐝𝐢𝐝 𝐧𝐨𝐭 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐭𝐡𝐞 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐩𝐫𝐨𝐣𝐞𝐜𝐭.
One reason for this is that the foundation has been involved since the early days and therefore can participate in the annual distribution of newly generated tokens.
𝐓𝐡𝐞 𝐬𝐞𝐜𝐨𝐧𝐝 𝐫𝐞𝐚𝐬𝐨𝐧 𝐢𝐬 𝐭𝐡𝐚𝐭 𝐦𝐨𝐬𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐩𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬 𝐣𝐨𝐢𝐧𝐞𝐝 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝟐𝟎𝟏𝟕 𝐛𝐮𝐫𝐬𝐭 𝐚𝐧𝐝 𝐚𝐫𝐞 𝐬𝐩𝐞𝐜𝐮𝐥𝐚𝐭𝐢𝐯𝐞 𝐮𝐬𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐥𝐢𝐭𝐭𝐥𝐞 𝐢𝐧𝐯𝐨𝐥𝐯𝐞𝐦𝐞𝐧𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦.
The Omission of SDF:
The foundation holds a large number of tokens due to inflationary mechanisms. However, the foundation has failed to use these tokens to help the project function better. In 2019 the foundation has only consumed $40,000 for community projects.
𝐇𝐚𝐯𝐢𝐧𝐠 𝐚 𝐥𝐚𝐫𝐠𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 𝐨𝐟 𝐦𝐨𝐧𝐞𝐲 𝐛𝐮𝐭 𝐧𝐨𝐭 𝐮𝐬𝐢𝐧𝐠 𝐢𝐭 𝐰𝐞𝐥𝐥 𝐦𝐚𝐩𝐬 𝐨𝐮𝐭 𝐭𝐡𝐞 𝐢𝐧𝐚𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧.
In 2019, the Stellar Development Foundation initially mitigated the token mismatch by ending its inflation plan and destroying more than 50% of its tokens. However, XLM still needs to expand its usage scenario.
The Road Ahead for Stellar, Although Stellar ended up lagging since its launch, it is set to make a comeback from 2021.
With the explosion of DeFi projects, multi-currency, cross-chain transfers are a current blockchain pain point, and Stellar offers one of the solutions that define a new standard for global payments.
𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐡𝐚𝐬 𝐠𝐚𝐢𝐧𝐞𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐞𝐱𝐩𝐚𝐧𝐝𝐞𝐝 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬, 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐛𝐚𝐧𝐤𝐬, 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬, 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞, 𝐠𝐚𝐢𝐧𝐢𝐧𝐠 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐦𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐩𝐚𝐫𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐬𝐭𝐫𝐨𝐧𝐠 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐚𝐬 𝐚 𝐠𝐥𝐨𝐛𝐚𝐥 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐜𝐫𝐨𝐬𝐬-𝐛𝐨𝐫𝐝𝐞𝐫 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬.
EVM Compatibility:
The incompatibility of Stellar contracts with EVM means that developers cannot quickly deploy projects on Ethereum to Stellar in February 2021.
FlareNetworks has announced the integration of Stellar Lumens (XLM) with its smart contract platform, thus enabling compatibility with the Ethereum blockchain. If successfully landed, Stellar will be even more scalable.
Stellar’s recent moves show that it continues to interface with the financial community and bridge the gap between traditional and on-chain payments.
𝐖𝐞 𝐜𝐚𝐧 𝐤𝐞𝐞𝐩 𝐚𝐧 𝐞𝐲𝐞 𝐨𝐧 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐚𝐧𝐝 𝐥𝐨𝐨𝐤 𝐟𝐨𝐫𝐰𝐚𝐫𝐝 𝐭𝐨 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐨𝐥𝐯𝐢𝐧𝐠 𝐠𝐥𝐨𝐛𝐚𝐥 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬.
𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐫𝐲𝐩𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐚𝐧𝐝 𝐬𝐢𝐧𝐜𝐞 𝐢𝐭𝐬 𝐥𝐚𝐮𝐧𝐜𝐡, 𝐢𝐭 𝐡𝐚𝐬 𝐧𝐞𝐯𝐞𝐫 𝐛𝐞𝐞𝐧 𝐨𝐧 𝐭𝐡𝐞 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐬𝐢𝐝𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐜𝐡𝐚𝐫𝐭. 𝐈𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐦𝐨𝐨𝐧𝐢𝐧𝐠 𝐦𝐚𝐢𝐧𝐥𝐲 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐢𝐧𝐜𝐫𝐞𝐝𝐢𝐛𝐥𝐞 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐭𝐡𝐞 𝐭𝐞𝐚𝐦 𝐡𝐚𝐬 𝐛𝐮𝐢𝐥𝐭 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫𝐬.
Stellar 2022 road map looks promising as the team pushes harder to keep the payment platform borderless, limitless, and powerful in DeFi space. With more products coming and improvement of the existing ones, $XLM has huge potential to continue mooning in 2022.
Stellar receives an average long-term technical score of 65 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. XLM currently holds a superior long-term technical analysis score than 65% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.
Trading Analysis:
Stellar's price is -$0.0600000 (-19.70%) below its 100-day moving average price of $0.330000000 as its price at the moment sits at $0.250000000. Additionally, XLM is $0.0600000 (-5384.59%) higher than its 52-week low price of $0.200000000 while -$0.54000000 (-1222.75%) under its 52-week high of $0.800000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives XLM an average long-term technical score of 65. Long-term trading movement of Stellar suggest that investors are neutral on the coin at the moment. Stellar has a market capitalization of $6,457,733,682.55 and a relatively high average daily volume with $2,067,837,419.32 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, 𝐗𝐋𝐌'𝐬 𝐯𝐨𝐥𝐮𝐦𝐞 𝐢𝐬 𝐛𝐞𝐥𝐨𝐰 𝐢𝐭𝐬 𝐬𝐞𝐯𝐞𝐧 𝐝𝐚𝐲 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝟐𝟗𝟕,𝟔𝟕𝟔,𝟎𝟕𝟔.𝟕𝟔 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐝
𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐩𝐚𝐭𝐭𝐞𝐫𝐧𝐬 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐥𝐚𝐬𝐭 𝐲𝐞𝐚𝐫 𝐟𝐨𝐫 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐥𝐞𝐚𝐝𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐜𝐨𝐢𝐧'𝐬 𝐚𝐧 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐬𝐜𝐨𝐫𝐞 𝐨𝐟 𝟔𝟓 𝐚𝐬 𝐢𝐭𝐬 𝐜𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐲, 𝐯𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐫𝐞𝐥𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐚𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐡𝐚𝐬 𝐠𝐢𝐯𝐞𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐫𝐞𝐚𝐬𝐨𝐧 𝐭𝐨 𝐛𝐞 𝐧𝐞𝐮𝐭𝐫𝐚𝐥 𝐨𝐧 𝐭𝐡𝐞 𝐜𝐨𝐢𝐧.
- 𝗜𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
Trading & Investing both are the master of RISK.
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| Review and analysis by Samadi.Finance |
xlmlike i said this scam could drop to 0.20 zone got got more order filled to averege down, i think this is the bottom. if you are wondering why btc and alts dropping. the STock Markets fault its is crashing like back in 2020 so thats the reason it drags everything down . good luck
XLM is about to leave the triangle.XLM is struggling to maintain the $ 0.24 level. We approach the exit of the triangle, we should observe the direction in which we leave the designated zone. Another support at $ 0.20. in the case of a downward move. If the XLM begins to gain strength, it may attack the price of $ 0.275.
STELLAR - Final Short Or Breakout?? 🚨Stellar is approaching a very interesting level where we may see a breakout or we may reject for the final time to reach our ideal buy area of 0.20.
SHORT Trade idea:
- Watch for lower timeframe trendline break
- Enter with stops above recent high
- target the 0.20
Breakout Trade Idea:
- Watch for a break of the descending black trendline
- Wait for a pullback and then enter with stops below the most recent rejection
- Targets: 0.43, 0.80
Goodluck!
#XLMUSDT 4H ChartPrice is still ranging inside the descending channel however it is inside a major demand zone. MACD is not clear, RSI is below 50% and EMAs are bearish. Price should break out the resistance line and move upwards from here aiming for the 1h supply zone as a short term target.
xlmusdtlol this scail just cant stop dropping, i tink this is the bottom for this thing but myight consider putting some scalp orders at 0.20 incase a flash crash, otherwise looks ok to bounce off at here
XLM is going up in days aheadThis pattern has happened in the past repeatedly and is expected to happen again this time
XLM - 4HR TF BIASQuick Review on XLM possible play.
Breaking structure on .2636 price and potential retracement on our key level support.
TAYOR.
XLMUSDT ideaMy thoughts on XLMUSDT.
For the moment :
- Momentum: nothing bullish on a daily basis.
- Structure: nothing confirmed on a daily basis
- Location: we are in a long term buy zone, but too high according to my criteria.
The reload zone 1 was used as an accumulation zone in December and early January. We may go back there, because for the moment the momentum is not good.
If we want to go higher, we need to break above 0.3050 with a daily candle close. Ideally with a conclusive retest.
If we break 0.2265 expect to visit the reload zone 2 which is an excellent entry. You can place orders now in this area to eat up liquidity in case of a crash.
Note : there is a hole in the volume profile between 0.26 and 0.19, it may attract the price like a magnet. It could be in a few days or in a month or more. But we'll get back to it.
TP : a bit early to say, but between 0.6485 and 0.5695 seems to be a logical area.
XLM----USDTDue to the breaking of the downward channel upwards, you are expected to increase the price as much as the height of the channel
Divergence along with a good patternHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
XLMUSDT :
Possible elliot count was shown in the chart.
please note that at wave 5 we have an ending pattern with a divergence between the price and MACD oscillator.
the evidence support an idea of possible upside short term trend.
the price breaks the ending pattern and triggers the long position.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
$XLM/$AQUA AirDrop - 15th Jan Interesting project - $AQUA - Liquidity provision for $XLM network -
$XLM stands to gain from expansion of Crypto to remittances market -
*AIRDROP#2*
Key Info:
15th Jan - 00:00 UTC - Snapshot of all relevant wallets.
Eligibility critera participants will need at time of snapshot:
Min 500 x $XLM in private wallet that allows claimable balances (Recommended wallets are LOBSTR, StellarX, StellarTerm, NiceTrade, Account Viewer, or Stellar Laboratory)
AND
Min 1x $AQUA
Participant will get share of 15 Billion $AQUA
Distribution will start on Feb 1, and be divided into equal portions and delivered over 3 yrs.
XLMUSDTThe price is in a large range and fluctuates in it, if the ceiling breaks, it can reach the price of $ 1.1 and finally $ 3.2.
This is if bitcoin is to grow well, otherwise this analysis will be flawed
STELLAR IS TRADING IN RANGE RIGHT NOWHello my friends, today I want to talk with you about XLM.
Price is growing to upside of this range.
I'm waiting that Stellar can reach it soon and break.
If this will happen, we will have good signal to open new long position.
As a target we will have next two good levels (0.3650 and 0.4300).
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
XLM - Let's visit $0.25 - $0.24 againHi,
This is iJusctCoint, the one lucky trader who puts his money where his mouth is!
Crypto bounced from lower levels to test the resistance again. We have upward pressure on the 12H and 1D timeframes which is quite healthy.
I expect the price to comeback once again to the lower boundary to test the support.
I plan to capitalize on that potential move down my taking a short position.
Publication marked as NEUTURAL since we don't know our trend just yet.
We may establish a downtrend with a lower low and a lower high or may finally reverse.
I'll trade SHORT and reverse to LONG if support holds.
//
Chart Code:
Red Dashed Lines - Downwards reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange where price target might get hit
//
XLM try to break out long term resistance#XLM/USDT
$XLM is trading exactly below weekly and daily descending resistance lines.
if price break out from this descending resistance, it will increase to resistance zone between $0.36 and $0.39.
but if price reject from current descending lines, it will drop to support zone around $0.2 and then maybe try to break out from resistance.
XLM has bounced from the support of triangleHi friends, hope you are well, and welcome to the new update on Stellar ( XLM )
Weekly support and SMA:
On a weekly time frame, XLM is still moving below the support of a rising wedge which has turned into a resistance. But we have a nice support of 100 SMA and price support of $0.255.
Triangle:
On a daily time frame, Stellar is nicely bounded by the support of a descending triangle. Now if the priceline breaks out the resistance, then XLM can re-enter the big wedge on the weekly time frame.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
