XLM-USD is it on the path to the moon ?

stellar has just broken out of its last long-term downtrend.
Time for moonshot?
check out my old post of XLM. This is just a continuous post

Note: after the current rally, im expecting a pullback to 0.33$ again before continuing going on higher

This post is for discussion purpose only

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similarity with the one in april

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xlm is the coin of LOVE. XRP is the shit of HATE

im 100% sure that we will see price of 1 xlm to be over than 1 xrp . The flip is happening

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my biggest regret is to split my $ to ETH and BCH instead of playing XLM exclusively :). Such a great coin during pump rally

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correction time. Now need to observe if support holds or not

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the broken out downtrend line is being tested (pink line)

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attention is NEEDED at the support pink line. If it HOLDs, XLM will make CRAZY up move like the one in April. I will expect at least 20-30% gain

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this is the one in april. a 48% gain :)

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bearish div on 1 day chart for XLM-USD and we have dropped back inside the long-term downtrend line. Bad Signs.
a buy should only be trigger when we get passed the long-term downtrend line again

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btc has recovered . So i hope XLM will follow it. The only thing is bugging me is the bear div on daily . If XLM can break the long-term downtrend again and hold, i will consider the bear div is invalid. For now, still need to be cautious with XLM

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look at the bear div in april and this july to compare . Both have bear div .
The only difference right now is that this july has lower MACD's value which tells us that Bull still has steam to go higher . This will only happen IF the MACD lines move like what I draw in the image :). Considering bitcoin has recovered strongly , the chance for xlm's bull to continue on is pretty high.

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with the positive news on bitcoin , i will say that we will go higher again.

we bounce back at long-term downtrend which acts as support now. So the bear div is just a bear trap.
For better confirmation, we need to wait for a break of previous high.
if you buy now, just set stop loss below the long term downtrend

Trade closed manually

the uptrend might be over already. We can't break the long-term downtrend line. Time to wait for its next cycle which might be around end of august

Trade closed manually

forgot to close this post :). Not a good time to stay in any alts with btc's dump

JackieHuynh

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JackieHuynh