Stellarlumens
XLM with possible upwards breakoutAs described on my post from February 27th, 2021 the retest of support/resistance levels (weekly and monthly) is quite necessary.
There was a good opportunity of profittaking, as mentioned before (buying in at 0,36$ and selling at the monthly resistance level of 0,466$).
We are still within the trading range of 0,36$ and 0,466$. As the interest grows, we could see a second test of the monthly level (0,466$), which might even surpass other weekly and monthly resistance levels - especially since Stellar Lumens has recently introduced new features (Horizon 2.0 / Smart Contracts) and partnerships (fundamental news function as catalysts). The interest in XLM has an odd habit of jumping in an extreme way, so that a 100% increase over a day has happened before.
You can also see on the chart, apart from the trading range, that XLM was / is in a long phase of accumulation (almost a month) and the price has just moved out of a wedge (trend), which of course if fractal information.
As usual, this is no financial advice - just my opinion and to be fair, I am currently invested in #XLM, which does not mean that you should!
I always appreciate constructive critical feedback!
XLM Buy a break setup.XLMUSDT - Intraday - We look to Buy a break of 0.4152 (stop at 0.3966)
Daily signals are mildly bullish.
The primary trend remains bullish.
Pivot resistance is at 0.4133.
A break of 0.4133 is needed to confirm follow through bullish momentum.
Our outlook is bullish.
Our profit targets will be 0.4665 and 0.4940
Resistance: 0.4100 / 0.4350 / 0.4500
Support: 0.3900 / 0.3750 / 0.3600
XLM Buy a break setup.XLMUSDT - Intraday - We look to Buy a break of 0.4231 (stop at 0.4069)
Daily signals are mildly bullish.
The primary trend remains bullish.
A break of 0.4300 is needed to confirm follow through bullish momentum.
Our outlook is bullish.
Short term oscillators have turned positive.
Our profit targets will be 0.4685 and 0.4912
Resistance: 0.4300 / 0.4500 / 0.4700
Support: 0.4000 / 0.3900 / 0.3750
Stellar & Bull FlagsHello! Today too much people ask me about Stellar! That's why I wanna share with you my vision on it! ♥️
Happy to present my chart👇
We can see, that price moving by bull flags and it's look wow! So pretty cool!😊
Let's look on a full history on 1 daily chart!🧐For me looks also promising🔥
Also for better understanding the potential, we need to check out BTC pair of XLM!
Let's take a look, here 👇
There we can see, that we still in bottom, and it's good signal for further growth😉
Hope You liked my analysis ♥️
Stay tuned by Rocket Bomb 🚀💣
XLM +44% TARGET XLM has been a sleeping giant over the last couple of weeks, however the TA/FA on this is stacking up:
-recent daily break out of the diagonal overhead resistance
-bullish crossover on MACD
-XRP starting to move and these pair regularly move within quick succession of eachother
Look for an entry at day close if unchanged. Set your stop loss below the ascending diagonal support.
Expect this to move if bitcoin stays stable!
Good luck, and as always please give me a follow if you liked this content :)
Target 0.6
Next step up, StellarSome coins have distinct price behavior. The bullish action of Stellar Lumen (XLM) has so far followed a clear stepwise pattern. First there has been a strong impulse to a new higher high followed by a closing of the 3d-candle lower. That closing has formed a new resistance. Then there has been a gradual retracement to a new support that is formed at the peak of the previous impulse. That support has held each time in the past during this bull market.
Stellar has been sitting on its present support now for several weeks, and is showing signs of taking off for the next impulse. The previous impulses can give an indication for the potential extent of the impulse and the following retracement. The peak of the impulse could go as high as the 1.382 fib-extension, ranging between 1.236 and 1.382 extensions. The target could then be in the range of 0.78-0.91. The following retracement could find its new support at the level of 0.59-0.61 (present peak).
This all can happen if the history repeats itself. There is naturally no guarantee for that, and it remains to be seen how things work out. Best is to be reactive to any actual outcome.
Trade safe and take care.
Cheers
Whoop
XLM - Is the bull run starting?Hi guys! We can see XLM has been stagned for the past few days, but that just how XLM moves: stagnates for a month/month and a half and then comes a big bull run.
Technical analysis and fundamentals seems to be in the right direction for XLM! Great project for a long term investment.
What do you guys think?
XLM looking good now - Reverse Pump back to $0.60 US levelThis is not investment advise, educational purpose for your own learning
Do as you please with your money based on this analysis. You should handle your own risk management in a sound way.
Always assume this analysis could be wrong first, it drops and than moves up and up
This is a 12 hour chart
Stellar Lumens looking very good, hint of volumes moving pass the 34 day moving average, slightly but enough for a reverse pump.
Stellar Lumens is a sleeping giant, should hold some for long term investments
If trading this for the $0.60 US target reverse pump their also a possible break out to the next fib level $0.836 US target
Stoch momentum W shape is also a good sign. We have three good signals - movement most likely up and soon
XLM Buy a break setup.XLMUSDT - Intraday - We look to Buy a break of 0.4152 (stop at 0.3966)
Daily signals are mildly bullish.
Pivot resistance is at 0.4120.
A break of 0.4120 is needed to confirm follow through bullish momentum.
The primary trend remains bullish.
Our profit targets will be 0.4665 and 0.4886
Resistance: 0.4120 / 0.4350 / 0.4700
Support: 0.3880 / 0.3800 / 0.3560
Run up - Correction - Run up. XLMA run up, correction and another run up, this how XLM does it.
Now it seems like the price of XLM is at the edge of the correction as the 20 and 50 EMA are getting very close to each other which will now eventually lead into a buying volume spike that can result in 100% gains in a matter of few days.
This is the way XLM likes it, drop below support and explode out of nowhere.
Indicators.
Even though the price likes to explode out of nowhere, indicators can give us a bit more info.
Let’s take a look at volume indicator, as this is the one example where taking a look at volume can give you some clues. The volume is really low.
Isn’t that bearish? No, it’s actually pretty bullish.
A lack of volume for such long time is a sign of a calm before a storm. Boring sideways movement before a major rise.
RSI is low enough to see a demand spike. A drop below 40 will likely lead to a bull run. But if RSI stays below 40, that would not be good for the price.
MACD is in a second selling wave, however the selling volume is very limited.
Overall trend based on EMA levels is an uptrend, but the price is currently below 50 EMA which is not ideal in normal conditions, but XLM is looking for such situations as these oversold levels attract buyers.
STELLAR : PRICE ACTION IN SMALL TMF - PRICE IS GROWING ! 🔔Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
Check the Link on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE👍 button
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Strategy : BULLISH RETRACEMENT
Have a Good Take Profits ! ! !
XLM/USDT - Possible Bearish BreakoutHello traders and community, today we will tell ourselves shortly about the situation of XLM/USDT
Trend analysis
- As you can see from the XLM/USDT daily chart, the price of Stellar coin is in range movement (white zone) and prepared for testing new lower prices cause of Elliott 5 waves pattern, that's why we can expect with 55 % probability bearish breakout in the following days as you can see on the white line. I recommend to wait for correct signal before putting short trade position down to 0,31090 price level (support zone). Today's resistance level (red zone) is on 0,4585 price level, support level (green line) is on 0,37421 price level and global trend (orange line) is still bullish, but can be changed soon with bearish movements. Wish you good luck with trading this pair and more information about this cryptocurrency will be provided later.
Chart pattern
- Bearish breakout (processing)
- Elliott 5 waves pattern (processing)
Technical indicators
- RSI: market is still in boarders and is located near 50 level (not overheated, Neutral signal)
- MACD: MAs are prepared for downward movement + they started moving closer to each other and overall trend is going down (Bearish signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Bearish signal)
- MA (10,20): MA10 is going upward to the level of MA20 (Bull signal)
= Overall bearish signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
XLM: will be among stellar in April or around 23.03As you can see I'm between fractal of Dec pump or Jan pump.
This is only my POV (not trading advice - do your own research): we are in a huge descending triangle and comparing black circle (fractal from January) we are doing a triple bottom pattern (bullish).
We are also bullish with the fractal from December pump - because we are respecting the same timing: 41 days of retracement (-52%) + sideways movement; and checking EMA's "purple circle" we become bullish at beginning of purple circle, reversal to bearish and reversal to bullish at the end of the purple circle bullish... This will fundamentally respect the event that will occur at the end of the month 3/31 ( twitter.com )
There's also another event: "the #Stellar test network reset is scheduled for 03/17/21 at 0900 UTC. (...) twitter.com "
The end of March is also end of month, I mean normally we become bearish (of course) and it's also the end of Q1.
I think (only my thoughts) that we can be pumping either on 17-23.03) or only on April. Connecting with BTC, where everyone is wishing the new ATH... Maybe we'll go 70k (and correct before end of Q1), maybe we already start to correct. Either way, XLM will have to wait for this movements (in order to have less BTC dominance promoting altcoins pumps.
Clear Triangle Pattern XLM/USD Stellar (possible breakout)We have had a big move down. The cause of the move down IMO is because money is flowing into BTC after an ATH attempt after the correction last week. (this always seems to affect altcoins, because people pull out their money and FOMO into Bitcoin)
Eventually, when Bitcoin consolidates for a wile, altcoins may pump again as seen before. This not financial advice, just my opinion. When the price breaks out to the upside, I will open a long position. For now I will be watching BTC closely, Cheers✌️💫🚀