XLMUST trade ideas
XLM: Maybe This is The Time For ALTCOINS To Grow FurtherXLM: Maybe This is The Time For ALTCOINS To Grow Further
As I expected for a long period of time the XLM was showing bullish accumulation volume near the bottom of the pattern.
As you can see it is finally taking a clear shape and looks like a kind of bullish triangle.
Let's see where the bullish volume will push the price
You can view the analysis for further details.
Thanks and good luck!
XLMUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
Everything according plan.
Entry: market and lower
Targets: 0.12 - 0.15 - 0.18
after first target reached move ur stop to breakeven
Stop: ~0.07(depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
XLM digital hryvnia (CBDC) is being developed on the Stellar bloUkraine is speeding up the Digital Hryvnia project and plans to launch it this year.
Initially the launch was planned for 2024, but now the government wants to launch it this year
The first blockchain transactions with the digital hryvnia have already been conducted
The digital hryvnia (CBDC) is being developed on the Stellar blockchain
We are carrying out these reforms during the war," said Ukraine's Minister of Digital Transformation, Mikhail Fedorov.
I recommend to take a closer look at the coin) + on TA very good look)
Forecast XLM February 2023: Still down trendThe recent forecast for XLM, a popular cryptocurrency, suggests that the asset is still in a downward trend. Despite some short-term fluctuations, market analysts have noted a persistent decline in the value of XLM over the past several months. Investors and traders should exercise caution and carefully consider their options before making any investments in XLM at this time. However, it's important to keep in mind that cryptocurrency markets are highly volatile and forecasts can change rapidly. Stay informed and monitor the market closely to stay ahead of any potential changes in the trend.
XLM: It Is Getting Ready To Explode SoonXLM: It Is Getting Ready To Explode Soon
During the previous analysis, the price created the correction and it reached
our first target.
I am expecting any correction to expand more before the price will resume the bullish move again.
However, we have to be very careful as XLM is also undervaled and despite the fact
that BTC may correct it can continue with the bullish move again.
We should know that the market optimism looks high these days and this can
do the traders speculate more on the cryptos that didn't move properly these days.
Also from one fast observation many Altocins that didn't increase during the BTC pump
they are exploding these days.
Thank you and Good Luck!
✴️ XLMUSDT | Stellar Growth or New Low (Name Your Altcoin #9 ✅) We are getting close to the last altcoins from our list and we are going to be looking at the chart from a different perspective for your entertainment.
Will Stellar (XLMUSDT) start growing or will it continue dropping and hit a new low?
The answer is truly for the market to decide... But we can use the tools we have available here on TradingView to speculate as to what is most likely to happen next.
The classic signals you are already familiar with and so we will have a look at Elliot Wave Theory simplified.
From March 2020 to May 2021 we can easily spot a 5 up-wave pattern and thus we have a good starting point.
You can confirm the count to be correct by using the volume indicator. The third wave always produces the highest volume and this can be clearly seen here.
When 5 waves are in, we can look for the next step and what follows is a correction.
Based on Elliot Theory there are two main types of corrections, zig-zags, classic 5-3-5 and flats, 3-3-5.
Here we have a flat and we can easily spot the 5 down-wave pattern of the c wave, and thus we know this move also be to over.
Now, waves can be extended, corrections can extend and here we will call for other tools to assist our EW theory, tools that were not available when Ralph was playing his game.
But first, the use of EW Theory is not to predict the future but instead to help you prepare for future potential scenarios.
Wave counting is better used in retrospect and your count can or needs to be adjusted as the market evolves.
After the correction is over we expect a new impulse in the form of a 5 up-wave to show up.
Additionally, we have MA200 trending down strong, when this happens we tend to see prices, XLMUSDT, go up.
Basically the action will gravitate towards this indicator.
At the same time we have a hidden bullish divergence with the RSI, let me explain...
XLMUSDT hit a lower low in Dec. 2022 compared to March 2020, while the RSI hit its lowest point Dec. '22, even lower than March 2020 giving us a strong bullish signal.
These are just signals of course and do not change how we would approach a pair to trade.
If prices drop below the Dec. low, that would be our stop-loss... Any trading above this level and we wait, patiently, for the next bullish wave.
For how long you want to wait before selling or how much you will sell at each target, that's a whole different game... But once we get the bottom, once we are in the green, it is easy play.
Name your altcoin #9.
Namaste.
XLM doing vanilla Elliott WavePrice action gives us 5 clear waves to the upside in an impulsive movement. Correction looks like a traditional zigzag, with most probable target at 0.0802-3, which is a confluence of:
- 50% pullback
- 161.8% ABC extension
- Wave IV from the upside
- Important support/resistance zone from the upside
XLM: The Bullish Wave Should Continue SoonXLM: The Bullish Wave Should Continue Soon
During the previous analysis, the price created the correction and it reached
our first target.
I am expecting any correction before the price will resume the bullish move again.
However, we have to be very careful as XLM is also undervaled and despite the fact
that BTC may correct it can continue with the bullish move again.
We should know that the market optimism look high these days and this can
do the traders speculate more on the cryptos that didn't move properly these days.
Thank you and Good Luck!
Previous Analysis:
xlm usdt******Hello, I checked all the possible scenarios for xlm and you have to prepare the entry and exit plan yourself
For example, entering at the first point to buy should have a reasonable limit that I have shown in the diagrams
or in the second transaction
Or even if the price goes below the support and we expect a decrease, the limit will still be observed
No one is a fortune teller, and what I offer is preparation for various events and the arrangement of arrivals and departures is up to you.
If you think you might be wrong with my analysis, I suggest you skip it