Long

XLM - Lumen Bullish.

Updated

XLM is bullish, trend indicator looks good, price is above the cloud and its green so up trend.

I expect a small correction before reaching the final target, or if the volume goes up higher it might reach the target right away (I dont know the future) but a small correction would be logical.

XLM tried to go up higher than 4k sat back in May 2017 but it failed several times. This time it might challenge a new all time high, which would be beyond the target indicated.

Lumen is not as risky as the other coins I have posted on recently, so I will be more than happy to tell you guys when to sell and so on.

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I would wait for a buy back at 1928. However if it keeps going up and the volume keeps increasing then now is a good time to buy in.

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MACD looks good - Bullish
RSI overbought - Bearish
Coral trend - Bullish
Price is over the cloud and its green - Bullish

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Because the RSI is overbought as mentioned above, I expect a small correction then it will go to the target as all of the other trend indicators are bullish.
Cheers

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Buy zone : 1960 to 2100
You make the call. Personally I would wait and see when the sell momentum slows down and thats when you buy back. I wont be able to give you a second by second update. However I gave you a good range to buy in. If it was me trading I would wait for something close to 1960.

Good luck.

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Buy zone was touched, so I hope that you are in.

that said its forming a triangle so don't expect instant money :d its going to take some time before going back up

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Dang it. When you click play on the chart it doesn't update the trend indicator.

The coral trend indicator just switched to bearish. So be careful.

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MACD is bearish but is almost over, after its over will turn bullish
Price above cloud so bullish still.
Just keep a close eye, if you want sell (since we entered at 2100 so we are at a profit) and I will update you when the trend indicator turns green.

Or keep holding and check what happens next and based on conditions decide if you want to sell or hold.

Right now we are at 17% gain

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Make sure to get out of alts until BTC is calm. Right now all alts will suffer because of bitcoin's price change.

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Bitcoin is in a stable range, so alts have the chance to reach targets.

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Not looking so good at the moment, I can see a potential drop.

Trade closed: target reached

Here we go, target is reached

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New Target is 4400. At your own risk. I don't grantee anything after first target is reached.

Trade closed: target reached

Stellar Lumen have a relation with ripple.

The guy who developed Ripple, sold it.
Then after selling it, he developed Stellar.

Thats part as to why Lumen was going up as ripple was going up.

Both targets mentioned were reached, and it went even up higher. Don't expect much more from Lumen for now, unless Ripple sky rockets again.

DCFreak

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