XLMUST trade ideas
xlm after pull back , more upside coming !!Hello everyone! I hope you are having a great week. XLM can now move toward its next targets, which are shown in the chart. If you have any questions, feel free to comment, and I will answer you all. Please note that this is not financial advice. Be aware that you can use the RSI static support in the 40-60 range on the 4-hour chart.
BYBIT:XLMUSDT
BINANCE:XLMUSD.P
XLM | STELLAR | Can XLM go HIGHER?All the bottom feeders are pumping - XRP, XLM and ADA. This goes to show to that if it can be traded, it will be traded.
I have some thoughts on this (the unpredictability of these coins) . As they do not follow traditional market patterns, it makes them very hard to read and harder to predict - this significantly increases the risks associated in trading these coins.
I will admit I did have some XRP this cycle - but not ADA or XLM. Looking at the char prior to the pump, it was a dead coin - and there was no reason to anticipate such a huge increase.
Yesterday's update on XRP here:
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BINANCE:XLMUSDT
Will XLM/USDT Reach a New All-Time High?After carefully analyzing the XLM chart, my analysis suggests that we are likely to retest and break the previous all-time high within the next three days. Following this move, I anticipate a pullback as the TOTA3 index moves downward, leading to a major reversal. However, this correction will set the stage for a continuation of the upward trend into next year.
XLM more exponential doubling price growth expected!XLM, after registering a whopping 500% rise from the start of November from 0.10 range and tapping an impressive highs of 0.50, this is creating another slow roll accumulation phase curve en route to a stronger rise ahead.
Ideal seeding zone is at the current price range of 0.50
Interim target is set at 1.0
Mid/long term target at 5.0
This will just double up with so much pace as metrics multiply as well.
Happy profit hunting.
TAYOR.
Stellar (XLM) - Key Levels! Nov, 2024Key Support & Resistance Levels:
🟢Support Zone= $0.41 - $0.44
🔴Resistance Level= $0.537
⚠️Major Resistance= $0.637
If resistance levels are met and a candle close fails to break through them, there could be a short-term pullback or consolidation. Furthermore, if not, price action holds above the current support zone. Expect a further continuation to the downside in the short term.
‼️Next Line of Support if bulls fail to hold pressure against bears:
= $0.332
Can XLM hit $1 this year? Let's find out!The Stellar price has recorded a strong bullish recovery around its $0.43 mark. By hovering close to that psychological barrier since the week started, this altcoin has formed a resistance/support level around the price range. This further makes it a crucial watch level.
Specifically, with an intraday surge of over 14% with a trading volume of $4.233 billion, the Stellar price has reclaimed the $0.50 mark. Moreover, with the recent bullish candle, this altcoin has formed a flag pattern in the 1D time frame, suggesting a significant increase in the price action.
The Relative Strength Index (RSI) continues hovering above the overbought range in the daily time frame. This highlights an increase in the buying-over-selling pressure for the altcoin in the crypto market.
Further, the EMA 50/200-day has displayed a constant uptrend after experiencing a Golden Cross earlier this month. This suggests that the altcoin may continue gaining value in the upcoming time.
If the bullish sentiment sustains, the XLM coin price will breach its important resistance level of $0.50 and head toward its upper high of $0.60. Maintaining the price above that level could set the stage for this altcoin to retest its upper high of $0.70.
Conversely, if the bears outrun the bulls, the Stellar token will retest its support trendline of the flag pattern. Furthermore, if the bears dominate the crypto space, this could result in it plunging toward its lower support level of $0.40.
XLMUSD - 15 JAN 2023 pump?
the photo is taken from the stellar tweeter, I did a little analysis and a little attentiveness.
This does not mean that it is after this time stamp that there will be a pump, but considering what tips are left and where we have the main POS dialing area. There will be a reversal with a high degree of probability, squeezes are not excluded. Set zone 0.69 and 0.6699
Long opportunity in XLM/USDTIf breaks the level 0.51043 with a 15 Min Green candle, there is an opportunity for long trade.
And wait to retest the same level.
Disclaimer : I'm not recommending to take this entry. Do with your analysis too.
Reasons : -
. Trend line breakout.
. A major Resistance level breakout.
. Inverse head and shoulders pattern.
. Falling wedge pattern.
After Breakout :-
Entry : 0.51043
TP : 0.54816
SL : 0.48608
Stellar (XLM) up 69%, ATH draws closer – brief analysisStellar (XLM) has been steadily gaining momentum in recent days, currently trading at $0.52 — a 127% increase over the past week.
XLM is currently trading just below a key resistance level at $0.58. Breaking through this critical price point could pave the way for a surge to $0.71. Sustained buying momentum at this level may position XLM to reclaim its all-time high of $0.91.
Furthermore, readings from its Average Directional Index (ADX) confirm this bullish outlook. As of this writing, XLM’s ADX is in an upward trend at 68.945.
Also, XLM’s rising open interest indicates heightened market activity and confirms strong investor confidence. On Saturday, the token’s open interest climbed to an all-time high of $291 million.
However, if buyer exhaustion sets in, XLM’s price will fall toward support at $0.47, invalidating this bullish outlook.
ANOTHER SPECULATIONDon’t hate me. I’m just speculating. I shared a post about this ascending channel before. Looks like price is resisting the top of this ascending channel. I plan to buy the midline, if price ever goes to those levels, but I’m also kind of not sure if price will tear through the top of the channel or head back down to the midline to find support there. Anyway, I play with parallel channels a lot, they’re a good toy to play with. Remember, this is just a speculation. If you wait for 23-25 cents and price never reaches these levels, it’s on you. do your research and share your ideas on TradingView so I and everyone else can learn from you.
JUST SPECULATINGThis is just a speculation, so don’t get mad. I have no real evidence to back up this scenario. I’m just playing with Fibonacci levels and the 0.5 fib level is taking us back to the 23-25 cents, where price resisted first but then found support and broke out of that level. Would be a nice price to buy for those who missed the rally, but I’m really not sure if we will ever see these low prices again. As I said I’m just speculating and playing with fib retracement levels. DYOR…
Steller lumens 700% extension in 2024On the above 10 day chart price action has corrected 90% since May 2021. Will the correction continue? Unlikely. Why?
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Bull flag confirms support on past resistance. Notice the bullish engulfing candle?
4) The forecast is made from the first impulsive move. A 2nd impulsive move from the confirmation of support will see price action print to the 70 cent area.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: You decide
Timeframe for long: Before the end of month
Return: 70 cents / 700%
Xlmusdt So the rsi is at 94 on the daily weekly is at 92 , never in Xlm history the rsi been so high on the daily . Can it continue higher yes but late buyers will get punished here . I it has done 5x Already , I don’t own Xlm just I can care less if it continues higher just poiting the rsi out that is crazy high