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STELLARLUMEN

XLM/USD: Recent Bearish Candle on 45-Minute Timeframe Stellar Lumens (XLM), the cryptocurrency known for its fast and inexpensive cross-border transactions, has recently displayed a bearish candle on the 45-minute timeframe. This has sparked some worry among traders, prompting questions about a potential downturn for the XLM/USD pair. Let's delve into this recent development and analyze its significance within the broader context of XLM's price movement. Understanding the 45-Minute Chart The 45-minute timeframe offers traders a short-term view of the market, focusing on price movements over a 1.5-hour interval. It allows for a more granular analysis compared to daily or weekly charts but provides less historical context than longer timeframes. A single bearish candle on the 45-minute chart signifies a price drop within that specific timeframe. However, its significance depends on several factors. Dissecting the Bearish Candle The interpretation of the bearish candle hinges on its characteristics. Here's what to consider: • Candle Size: A large bearish candle with a significant price drop carries more weight than a small one with a minor price movement. • Volume: High trading volume accompanying the bearish candle indicates stronger selling pressure, potentially amplifying the downtrend. • Position in Trend: If the bearish candle appears during a downtrend, it reinforces the bearish sentiment. Conversely, a bearish candle following an uptrend might be a short-lived pullback. Is this a Sign of a Trend Reversal? A solitary bearish candle on the 45-minute timeframe shouldn't be interpreted as a definitive sign of a trend reversal. Here's why: • Short Timeframe: The 45-minute timeframe captures a limited snapshot of price movement. Broader trends are often better identified on daily or weekly charts. • Market Noise: Short-term price fluctuations can be caused by various factors, including random market noise or temporary imbalances in supply and demand. These may not translate into a sustained downtrend. Looking at the Bigger Picture To assess the potential impact of the bearish candle, it's crucial to consider the following: • Overall Market Sentiment: Is the broader cryptocurrency market experiencing a correction, or is the bearish candle specific to XLM? • Technical Indicators: Analyze technical indicators on higher timeframes (e.g., daily charts) to identify potential support and resistance levels. • Fundamental Factors: Are there any upcoming events or news stories that might influence XLM's price? What to Do? Traders with open XLM positions should monitor the situation closely. Here are some possible actions: • Hodl (Hold On for Dear Life): If you believe in XLM's long-term potential, consider holding your position and waiting for the market to stabilize. • Set Stop-Loss Orders: Setting stop-loss orders can help mitigate potential losses if the price continues to decline. • Increase Investment (For the Bold): If your risk tolerance permits and you believe the bearish candle is a temporary blip, this could be a buying opportunity. However, exercise caution and only invest what you can afford to lose. Conclusion The recent bearish candle on the XLM/USD 45-minute timeframe is a cause for short-term observation, not necessarily panic. Analyze the broader market trends, technical indicators, and relevant news to make informed trading decisions. Remember, cryptocurrency markets are inherently volatile, and short-term fluctuations shouldn't overshadow XLM's long-term potential as a utility-driven cryptocurrency.
BITFINEX:XLMUSDShort
by bryandowningqln
An inverse head & shoulders pattern formed in XLM.Today was an incredible day for many cryptos, and not so much for others. But one thing you can be sure of is that XLM has been spending the past two weeks forming a perfect head & shoulders pattern on the 30 minute chart that, assuming it plays out bullishly, is almost near the take off point! If price action breaks out of the dashed white line at the top of the wedge pattern, we could see a dramatic price increase in the coming weeks. This could also be a great sign that XLM could be well on its way to gaining ground, and starting a new bullish trend in the mid to long term. Good luck, and always use a stop.
Long
by MetaShackle
Stellar (XLM) Rising to the NorthernTrend Bullish Signal Stop at support XLM’s price has hiked significantly over the last few years. Back in 2018-2019, it kept falling below its previous ATH of around $0.93 (recorded in early January 2018). It was only in 2021 that its price again rose, hitting a price level of over $0.7 around mid-May. However, as the cryptocurrency market collapsed in the second quarter of 2022, XLM went into a bearish dive. At press time, XLM was changing hands at $0.088468, with a market cap of $2.1 billion. Here’s when Stellar (XLM)price action will turn north The price of Stellar Lumens (XLM) has dropped since the beginning of April and is in the process of creating its fourth consecutive bearish candlestick. Going by the general trend in the crypto-market right now, we should be prepared for more bearish movement from the token. At press time, XLM was trading at $0.08848. On April, Brazil’s central bank launched the pilot for its experimental central bank digital currency (CBDC). The test for Brazilian CBDC, Digital Real, is taking place on the Stellar blockchain network. Soon thereafter, Pendulum announced the release of the Spacewalk bridge that connects the Polkadot infrastructure to Stellar’s blockchain so Polkadot can access fiat and stablecoin currencies. The Spacewalk bridge will allow Polkadot to access the entire infrastructure created by Stellar, especially that related to cross-border payments. Stellar is today one of the best platforms for facilitating faster and easier international financial transactions. It is based on a decentralized on-chain protocol. Stellar users trade in Lumens (XLM) which is the platform’s native cryptocurrency. Another important feature of Stellar is that individuals are more interested in Stellar than organizations, as it is a platform for small-amount payments. It is gaining popularity due to its simple user interface. Stellar enables real-time transactions to occur anywhere in the world in as little as five seconds. A new smart contracts platform called Soroban has released its second preview. The upgrade intends to increase platform developer friendliness, scalability, and sensibility. Last year, Ethereum transitioned from the proof-of-work (PoS) to proof-of-stake (PoS) consensus mechanism following the Merge. A major reason for this step was claimed to be the adoption of eco-friendly processes. In this regard, Stellar is very promising, as it has a smaller carbon footprint. Its authentication cycle is also fast, keeping energy use to a minimum. Acting as a decentralized currency exchange, Stellar helps you track all of your assets with an order book. You can sell, buy and manage all of your assets here, with XLM acting as an intermediate currency for paying transaction fees. The currency is very useful for the users because it helps you reduce transaction costs. Transactions on the Stellar platform are performed swiftly due to the ease of Lumens. The currency not only makes transactions seamless for the sender and the recipient but also ensures that transactions are secure. Jed McCaleb, Co-founder, and CTO of Stellar said in an interview with CoinMarketCap that XLM is used in a fundamental way for the network. XLM is listed on a number of crypto exchanges including Binance, eToro, Huobi Global, CoinTiger, FTX, and OKEx. This shows that the currency is an increasingly accepted choice of investors now. A total of 100 billion XLMs were issued when the Stellar network was launched in 2015. In 2019, the group announced that it was burning over half of the cryptocurrency’s supply. Stellar mentions on its website that currently, there are around 50 billion XLMs in existence; 20 billion XLMs are in circulation and 30 billion XLMs are retained by the Stellar Development Foundation for project development. Nothing more will be created. Where Stellar trumps other financial platforms is its low transaction fees, which have drawn a huge number of cryptocurrency users to it. It is one of the few blockchain networks that has been successful in collaborating with large tech corporations, such as Deloitte and IBM. Stellar, in partnership with IBM, launched a project that enables FinTech to engage in financial transactions using assets such as stablecoins. It must be noted that Stellar is one of the large corporations that are operating in the cryptocurrency market. It is one of the most centralized cryptocurrency networks active on the internet. While the Stellar network uses decentralized nodes, it doesn’t have that many validators. Such an infrastructure gives the group a lot of control over the operations and price movement of XLM. In 2016, Deloitte announced a partnership with Stellar, along with four other blockchain networks, to provide new technological capabilities to its global financial institution client base. In June 2018, Fortune reported that New York financial regulators approved Stellar Lumens to trade on the Bit exchange, the first time the state’s authorities have given it the green light. In October 2021, IBM partnered with Stellar to facilitate cross-border payments by banks. The system uses XLM as a bridge currency for transactions and it has been successful in the South Pacific region. The same year, Moneygram announced a partnership with Stellar. Its integration with Stellar facilitates the conversion of the USDC stablecoin into cash and vice versa. The facility aims to encourage the liquidity of cryptocurrencies and the integration of traditional and cryptocurrency markets. In October 2021, Flutterwave, a global payments technology company, also announced two new remittance corridors between Europe and Africa on the Stellar network. The step is a major step in Stellar’s expansion in the global market. It also succeeded in receiving certification from the Islamic scholars of Bahrain in 2018, aiming to integrate the technology into the field of sharia-compliant financial products, reported Reuters. “We have been looking to work with companies that facilitate remittances, including in the United Arab Emirates, Saudi Arabia, and Bahrain. It’s a huge market,” said Lisa Nestor, the then-director of partnerships at Stellar. Since the Middle East and South Asian regions are key areas of growth for the group, where a lot of countries are run on a sharia-compliant system, this is a major success for Stellar. Developing economies are the focus of the Stellar network in the areas of remittances and loans. It primarily aims to target those who are still not part of the traditional banking system. In June 2022, the global platform for modern money movement, Nium, and Stellar announced a partnership to enable payouts to 190 countries. “This integration truly drives home the value that blockchain-powered cross-border payment solutions bring to the current financial system,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “At SDF, we are always working to fill up the map and connect the network to more of the globe. Together with Nium, we are thrilled to expand the reach of the Stellar network so significantly.” Another prominent feature of Stellar is that it gives power to the community to decide what project(s) the blockchain should focus on. We will now briefly give an overview of the key performance indicators of XLM, such as price and market capitalization. We will then summarize what the world’s leading crypto-analysts have to say about the future of this currency, along with its Fear & Greed Index. The market capitalization of the cryptocurrency follows its price trends throughout. In early January 2018, it was nearly $9 billion, and it skyrocketed to as high as $16.5 billion (May 2021) during the crypto-boom of 2021. In fact, it was performing fairly well in 2022 too, until the market crashed during the year’s second quarter. Stellar has seen many growth spurts over the past few years, such as when Mercado Bitcoin announced its use of the platform. In less than a year, Stellar housed almost 3 million user accounts. Since that time, however, Stellar has built a network of partners that includes Flutterwave and MoneyGram. The Stellar network is considered a rival to the Ripple network. While Ripple helps banks make fund transfers, Stellar helps individuals outside the banking system make fund transfers. Its simple, swift and economical process has made it very popular among users across several developed countries. These developments are certain to boost Stellar’s credibility among the users and raise the price of Lumens. Besides, XLM is one of the most eco-friendly cryptocurrencies. Its consensus model is faster than both PoS and PoW, making it the preferred choice of many investors. The unique features of Stellar such as strategic partnerships and convenience, make XLM one of the most reliable crypto investments. Its growth as a payments network will be the most important factor influencing the future of XLM. Despite being embroiled in a legal dispute with the Securities and Exchange Commission (SEC), Stellar’s Lumens coin is a major cryptocurrency to wager on. In June 2022, the system upgraded Protocol 19, building payment channels and key recovery channels. Stellar is also working on the Project Jump Cannon to facilitate a robust execution environment for smart contracts. In 2022 itself, many crypto exchanges such as WhiteBIT, CoinMe, and Mercado Bitcoin enabled USD-backed stablecoin transactions, increasing the access to USDC on Stellar. Coinbase Wallet announced in November 2022 that it will no longer support the XLM token, along with BCH, ETC, XRP, effective 5 December. Coinbase cited “low usage” as a reason for delisting the four coins. The SDF has also established a $100 million fund to encourage developers to create applications for the Soroban smart contract platform. Soroban adds Turing-complete smart contracts to the Stellar blockchain, allowing developers to create new financial services rails on the network. The Stellar Community Fund (SCF) has announced that 21 projects will receive funds as part of its 11th round. The required funding for the winning projects will be given to them in XLM tokens. The grants total more than 13 million XLM for the entire round. South Korea’s leading cryptocurrency exchange, Upbit, announced the temporary suspension of deposits and withdrawals of the Stellar network’s native token, XLM, and other assets on the network. Upbit stated that the event was caused by the need for maintenance of the Stellar network and the wallets in it. In March 2022, Stellar stated in its blog that it will launch Project Jump Cannon, an E&D venture to introduce native smart contracts for its blockchain. The same month, it also introduced the Starbridge project that would create bridges between Stellar and other blockchains, enabling interoperability. Since December 2022, the Stellar network has been working with the United Nations High Commissioner for Refugees (UNHCR) to provide its blockchain payment solutions to those affected by the war in Ukraine. In January 2023, Stellar (XLM) announced its decision to join the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC). It is important to note that the committee is composed of a diverse group of members with backgrounds in both traditional finance and cryptocurrency. As a result, Stellar’s (XLM) unique perspective on Layer 1 protocols may not carry the same weight as that of more established players in the space. If Stellar continues to adopt more of such innovations and succeeds in building a larger community, it can prove to be a significant player in the crypto market. The latest Fear & Greed Index projects a ‘fear’ market sentiment for XLM.
CAPITALCOM:XLMUSDLong
by DaveBrascoFX
26
XLM Stellar Lumens: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Stellar Lumens (XLMUSD). Stellar Lumens price on a monthly chart moved past the recent resistance and looks to head higher. Fibonacci Retracement levels shown along with 200 SMA and RSI. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:XLMUSD
by MillionaireEconomics
XLM (Stellar Lumens) Coin Analysis 28/03/2022Fundamental Analysis: Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology. The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service. If all of this sounds familiar, it is worth noting that Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten. Fees are a sticking point for many. However, high costs when making cross-border payments aren’t just exclusive to fiat-based payments solutions such as PayPal — transaction fees have also been known to go through the roof on the Bitcoin and Ethereum blockchains because of congestion. Stellar is unique because every transaction costs just 0.00001 XLM. Given how one unit of this cryptocurrency only costs Les than a cent at the time of writing, this helps ensure that users keep more of their money. Few blockchain projects have managed to secure partnerships with big-brand technology companies and fintech firms. A few years ago, Stellar and IBM teamed up to launch World Wire, a project that allowed large financial institutions to submit transactions to the Stellar network and transact using bridge assets such as stable coins. Although other blockchains have community funds, meaning that grants can be given to projects that help further the ecosystem, Stellar allows its users to vote on which ventures should be given this support. This network is secured using the Stellar Consensus Protocol, which is described as having four main properties: “Decentralized control, low latency, flexible trust, and asymptotic security.” Through SCP, anyone is able to join the process of achieving consensus, and no single entity can end up with the majority of decision-making power. Transactions are also confirmed cheaply and within a few seconds — and safeguards are in place if bad actors attempt to join the network. Jed McCaleb founded Stellar with the lawyer Joyce Kim after leaving Ripple in 2013 over disagreements about the company’s future direction. In explaining the rationale behind Stellar in September 2020, McCaleb Announced “The whole original design of Stellar is that you can have fiat currencies and other kinds of forms of value run in parallel with each other and with crypto assets. This is super important to drive this stuff mainstream.” McCaleb’s goal is to ensure that Stellar can give people a way of moving their fiat into crypto — and eliminate the friction that people normally experience when they are sending money around the world. He currently serves as the CTO of Stellar, as well as the co-founder of the Stellar Development Foundation. This not-for-profit organization aims to “unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered.” A total of 100 billion XLM were issued when the Stellar network launched in 2015 — but things have changed since the release date. At present, the total supply stands at 50 billion XLM, and the circulating supply is currently 24.69 billion. In 2019, the Stellar Development Foundation announced that it was burning over half of the cryptocurrency’s supply. This means that it now controls approximately 30 billion XLM. While some of this capital is earmarked for marketing and helping the organization develop, about one third is reserved for making investments in other blockchain ventures. Explaining why it took this drastic move — and promising not to burn any more XLM in the future — the foundation explained: “SDF can be leaner and do the work it was created to do using fewer lumens… Those 55.5 billion lumens weren’t going to increase the adoption of Stellar.” The current CoinMarketCap ranking is #31, with a live market cap of $5,747,715,926 USD. It has a circulating supply of 24,687,940,800 XLM coins and a max. supply of 50,001,806,812 XLM coins. Technical Analysis: The Asset is currently at the 78.6% Fibonacci Retracement Zone which is Hypothetically the Golden zone for the Illiquid Assets. it is a very Powerful Accumulation zone and we can observe the smart money inflow, eventually Big Impulsive wave thus start of the new cycle. There exist the Regular Bullish Divergence of Price Value from MACD, which is the very Significant sign of Bearish Trend Reversal eventually Start of the new Bullish Trends. As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 78.6% or lower, we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points. The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Long
by BitonGroup
2
STELLAR to bound off previous price, then up like a STAR PLEASE NOTE.... My new graphics are STELLAR, NO?! I made the price points so simple to follow a crypto chimp on an Elon Musk mind control machine could pull this trade off. Get out your mental joystick and place your positions. Stoch RSI and MACD indicate it's still trending downard... so don't place your bet yet. IMPORTANT, wait for confirmation off the previous price level. Don't take a position until you see a clear move upward off previous low and into "the buy zone" which is kind of like the Bermuda Triangle.... it takes your ship and takes it to the bottom of the ocean. BTW, if you get to price level "alligator tears"... get out the towel, it's crying time. How many traders does it take to screw in a lightbulb? Sorry... traders can't screw... they just GET screwed...
Long
by Ifyouonlyknew
2
XLM completed Shark pattern | a good long opportunityHi dear friends, hope you are well and welcome to the new update on Stellar . On a small time frame 4-hour chart, the price action of XLM coin has completed the final leg of bullish reversal Shark move and entered the potential reversal zone. this trade has a huge profit possibility of 13.5%, and the loss possibility is 4%. 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.
KRAKEN:XLMUSDLong
by moon333
2
XLMUSD, In Important Ascending-Channel, Major Decision Incoming!Hello Traders Investors And Community, Welcome to this analysis about XLMUSD, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure and what we can expect in the upcoming times. XLMUSD recently is one of the more volatile currencies moving to the up and down and especially after this major drop has occurred and XLMUSD is mingling in the structure with some supports holding I discovered a decisive formation currently forming by XLMUSD that will be the determining source in the upcoming times, therefore it is necessary to keep patient and elevate how the dynamics develop, therefore I detected all the important levels and likely destinies we should consider with XLMUSD ahead upcoming times. Structural Developments: As when looking at my chart now we can watch there that XLMUSD is establishing this ascending-channel-formation marked in my chart with the blue boundaries, in this formation XLMUSD has a coherent wave-count in which it already completed the waves A to D in the schedule and now XLMUSD is about to form the wave E that will finalize the whole wave-count, this wave E will run directly into the strong upper resistance-cluster marked in my chart in red from where a pullback to the downside is very likely and should be expected especially with the fact that XLMUSD will also complete the whole wave-count then this should be expected and after that crucial consideration will come within the decision-zone. Upcoming Determinations: Taking all these factors into the consideration, XLMUSD is in a situation where the completion of the wave-count and the following likely pullback will decide within the decision-zone marked in my chart either XLMUSD manages to hold this level right away and builds upon it or it falls below the boundary and continues bearishly to the downside, these two main scenarios need to be elevated in this case nevertheless XLMUSD has overall also good supports on the global perspective so a breakdown of the channel can lead to a potential stabilize and building up below the channel. The next time it is necessary to keep patient and look where the market is moving before overspeculating it in a one-sighted direction. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
COINBASE:XLMUSD
by VincePrince
10
XLM to 0.75$So, we are in some goods Momentums again to bet on XLM, but like always you have to follow the King movements BTC because only him is the master of the crypto dance! if you follow the trend you will notice that XLM got rejected around 0.60$ and start his downtrend (Orange Line) while BTC was falling, XLM tried multiple times to break it (Red Circles) but failed. That said the good news is XLM got supported 2 times on his yellow trend around 0.35$-0.36$ (Green Circles). So how to play it ? Buy Zones : - Buy Zone 1 : 0.43 ( 30% max of what u want to invest in XLM ) - Buy Zone 2 : 0.40 ( 70% more invest ) - Take Profits : -TP1 : 0.6990 -TP2 : 0.7490 if you wanna set a Stop Loss it should be just under 0.35 Stay Safe and Play Wisely !!! Happy Tr4Ding !
Long
by thecryer
22