XLM / USD + 600% Symmetrical triangle. On this coin, in a secondary trend that has formed an upward channel with an impressive step of more than 100%, a symmetrical triangle is formed near its base of the trendline. The price is clamped. Let me remind you that the "radiant cryptocurrency" made exactly + 600% from the breakout of the resistance level of 0.08572 to 0.59. These are not random numbers. The support level that is currently held is the 0.4 zone. There will be a denouement in the near future.
Think about what action is causing the formation of such a pattern on the chart. This will give you an understanding of the ongoing processes of "interaction" and possibly with the correct application and profit.
For more clarity of two of the processes taking place in the market now, see my old training / work ideas attached below this idea, which by the way I did on the example of the same XLM coin:
1) "Big secret"
2) XLM / USD Secondary Trend
Financial markets are a psychological game of manipulating people's behavior with the help of the weak link of the bulk of people, that is, money (a resource for the embodiment of material desires), the final result is to achieve the required goal through the embodiment / non-embodiment of the desires of controlled people.
STELLAR
02.10.2019 Stellar (XLM/USD)Hi traders!
We are going to analyze absolutely specific chart today - XLM / USD . It's not a typical technical analysis, but we want to prepare you for various traps and extremes on the crypto market .
Stellar is the tenth biggest cryptocurrency from the market capitalisation perspective, thus it's not any dwarf. So what can we read from the chart?
Stellar has been nicely finishing its structure and the last wave of a cycle, anticipating early growth. Triangle formation is often located before the last move in the current direction and it was even followed by a falling wedge formation. If you see these two formations, one after another, you win! In the vast majority of cases break and growth comes, and they did come. The growth of more than 52% in about 3 days . It even managed to stay high and the coin looked superbly.
However, Bitcoin broke down . Sharp decline sent Stellar to the bottom of the sea, literally. It fell by 42% in a couple of days . Given today's situation, we think it will continue to decline. At this point is essential to remind, that we are talking about the 10th biggest cryptocurrency. Similar extremes are common in cryptocurrencies and therefore we need to pay special attention. Key takeaway to remember here is to always scan the market as the whole . If any cryptocurrency looks really good but then Bitcoin is falling through floors you may simply have bad luck.
What to learn from this analysis?
1. Don't be greedy
2. Use stop-loss
3. Watch the market as the whole
4. Don't let emotions control you (market will keep tempting you)
5. Search only for the best situations on the chart
May the crypto be with you!
Stellar Lumens long term outlook Long term consolidation from 2018 broke down into medium term bearish trend testing fibbonacci retracement levels and forming some short term triangle consolidations on the way down. Current triangle has until the end of march until it completes, likely sideways for a week or two until breakout.
How to use my Indicator/MethodBuy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
How to use my indicator w/ a basic plan.I got asked "What should I use if I only have a basic tradingview account without custom timeframes?"
Here is a video explanation of what i would recommend.
Monthly / Weekly / "Maybe the daily to scalp"
Monthly will identify overall trend in the market
Weekly will be a good hold and sell
Daily to scalp as the market is going up
Hope this helps. :)
Stellar parabolic demand curve to the moonHello dear followers, traders, investors & newcomers
Nothing serious here.
This is just another revisualization of the old trading idea from the beggining of November where we loaded BINANCE:XLMBTC for 3xx satoshi up to 1K satoshi
Why I invested heavy into Stellar Lumens ? There is many reasons and stuff going behind the scenes (IBM, SatoshiPay ..)
But it was mainly because it offers the opportunity of making cross-border transactions at very low cost but very speedy.
That is their ideal goal, to make everything easier for the user. Thousands of transactions are dealt within a second, while in average one takes 3 sec to be cleared.
This is the coin you want on your Hardware wallet to be ready to buy the dip of any other coin
Reminder: Once Stellar will correct out of this line I will moove huge amount of XLM into SLT(Smartlands) & MOBI (Mobius) where we´re allready builded some nice positions.
You can check previous visualizations here:
Wish you all nice rest of a day and remember if you find my posts interesting/ usefull hitting like button would not cost you nothing and its kind of feedback for me to keep going.
If you´re more generous and/or your profited with my calls your kind tips are highly welcome in form of XLM :)
Stellar adress: GAF4JK3VH5KA5JHJ6FJTT6AGHBC6LBCOTPCIENE3IB7E55Y5QMQ4UAT4
Stellar Weekly Trend!coinmarketcap.com
www.stellar.org
www.stellar.org
Lots of positive vibes coming from those lumens.
Lumens are the native asset of the Stellar network.
Native means that lumens are built into the network. Asset is how the network refers to an item of value that is stored on the ledger.
One lumen is a unit of digital currency, like a bitcoin.
While you can’t hold a lumen in your hand, they are essential to the Stellar network—they contribute to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.