$XLM/USDT 1h (Binance Futures) Falling wedge breakoutStellar Lumens is hyped and I expect another push up short-term.
Current Price= 0.29970
Buy Entry= 0.30046 - 0.29246
Take Profit= 0.31696 | 0.34199 | 0.38696
Stop Loss= 0.27659
Risk/Reward= 1:1.07 | 1:2.35 | 1:4.65
Expected Profit= +14.06% | +30.98% | +61.34%
Possible Loss= -13.20%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 2x
Estimated Gain-time= 120h
Lumens
XLMUSD completing bullish Gartley | Upto 108% profit possibilityHi friends, hope you are well and welcome to the new update on Stellar.
On 2-day, the price action of XLM the is completing the final leg of bullish Gartley and soon it will be entered the potential reversal zone. There is also a good support of 50 simple moving average beneath the buying zone.
Possible profit and loss ratio:
This trade has a huge profit possibility up to 108%, and the loss possibility is only 23%.
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.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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XLM update #2 Thinking it might create an ascending triangle. Hopefully it will break through this fib level. Put stop loss around 26 cents. Also, i am a newb so if you have any recommendations or could point out any mistakes you see that I am making, then that would be amazing. This is not financial advice.
Stellar lumens XLM - The Real Rocket or just a torpedoThis chart im still trying to figure out.
either the price could brake the MA 100 on Weekly basis or not.
usually it need more volume to get momentum to break the MA 100.
but in crypto world, magic always come in.
fans look like want this lumens going up and stand next to its partner, Ripple XRP.
what i would to say is, alltocoin is just still early.
all will be up and down mid 2021.
just put your money into your beg. if not your beg, into my beg ;P
current
rank 11
$0.218186 USD (44.23%)
0.00001133 BTC (40.98%)
#XLMUSD Road To A Dollar!(XLM) is the native cryptocurrency for Stellar, an open source blockchain payment system. The purpose of Stellar is to connect financial institutions via the blockchain and provide cheap transactions in developing markets.
-XLM has Awoken with XRP.
-Buy and Hold Idea
-Looking For a Retracement Before Entry!
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Lumens going LightSpeed Part 2. XLMUSDBullish, strongly bullish. I've actually had some nice trades on this earlier this day. We are moving up even more, no doubt about it. FibGoals in green invalidation in red. And as you can see, impulse has been confirmed a while back. For Chrissake, this is not financial advice, but my hobby. Yes, charting is my hobby. Go sue me.
2nd Crypto purchase...Since I've joined the 'Crypto Family' lol, I've been doing my research. Since I've missed my chance to buy bitcoin when it was really cheap i went looking for alt coins. I've already bought into Chainlink, but now my second purchase is XLM, the Stellar Lumen. Unlike, COINBASE:XRPUSD , XLM target audience is different. One of the founder of XRP, is the founder of XLM. XRP sell alot of Ripple to banks and in my eye's it more centralized. XLM targets developing countries and provides a low cost fee transaction between currencies and doesn't aim to be profitable... ha Yeah right. So whilst XRP is being sold off to banks, XLM is just providing a service and setting a goal to being able to help the people more than making money. May be the new Western Union one day, you may never know. I just know that i'll be purchasing more crypto with the profits from forex :)
Lumens Starting Wave 3. XLMUSD Yes, after a very protracted correction, we now do have Wave 1 and 2 confirmed. This is in time for the beginning phases of Wave 3. Once again, a bit early to call Fib targets, I always like to see at least one Sub Wave 3 completed before I do that. This should be seen soon, because fractals never lie. Not financial advice - do your own research.
XLMUSD A Move Upto $0.115 Is Expected In Next Few DaysHey, friends hope you are well and welcome the new update on Stellar.
The price action of Stellar has started the completion of handle and after this completion, the formation of Inverse Cup & Handle pattern will be completed. The XLM has also a strong price level resistance at $0.115. Therefore the rally can be up to this level.
On daily chart the price action of XLM was moving in a down channel. Recently the price action broke out the resistance of this channel. But the volume is very low. Therefore the price action is retesting the previous resistance as support. In the meanwhile, the priceline of Stellar has also crossed up exponential moving averages with the time period of 10 and 21. And EMA 10 is also crossing up the EMA 21. Now these EMAs and the bull cross between them can be helpful for the priceline to start the next rally to the up side.
On the same daily chart it can be observed that previously the priceine of Lumens broke down the simple moving averages with the time period of 25, 50, 100 and 200. Now the price action has broken out the 25 SMA and moving with 200 SMA. The SMA 50 is also moving down to form a death cross with 200 simple moving average that can be coz of more sell off.
On the long term weekly chart, the price action of Lumens is like to have a very nice bounce from the support of a rising wedge pattern. Here the support of 50 SMA can be seen exactly at the same level where the XLM has the support of wedge. The 25 simple moving average is moving up to form a bull cross with 100 SMA and this bull cross is the reason that the sell off is not getting increased due to upcoming death cross between 50 SMA and 200 simple moving average on daily chart. If we take a look at the MACD indicator then it has started turning bullish. The stochastic oscillator has also entered in oversold zone. Now if the stochastic will also give bull cross from here the price action can turn strong bullish. Then we can expect the rally in next few days upto the resistance of rising wedge. This resistance is at almost $0.115.
Conclusion:
The price action has very good supports from daily to weeky chart. However the breakout from the channel on daily chart is not backed by the strong volume. Therefore the price action is re-testing the previous resistance as support. Incase of failure in re-testing the price action may re-enter in previous channel. However sofar I am expecting a rally upto $0.115 in next few days.
XLM An inverse Cup & Handle formation at the support of wedgeHey, friends hope you are well and welcome the new update on Stellar.
On long term weekly chart the priceline is still at the support of rising wedge and every bearish candle stick is appearing smaller than previous bearish candle, that is clear indication that the sellers are getting weaker. The 50 simple moving average is also working as strong support below the candle sticks and the support of wedge.
The price action of Stellar has broken down all SMAs with the time period of 25, 50, 100 and 200 and now likely to consolidate with 200 simple moving average. The 50 SMA has formed bear cross with 100 SMA and moving more down to form death cross with 200 SMA.
The priceline of XLM is likely to complete the handle of the Cup & Handle pattern. The resistance of the Cup is at $0.067. During the completion of handle we can expect an upward move but after completion a rally to the down side can be started. The price action of XLM also has price level resistance at $0.115.
On daily chart the price action is moving in down channel. In moon phases indicator new dark moon is appeared above support of channel and new full moon is at the resistance. The volume profile is showing less interest of traders from resistance to support of channel and the point of control of volume profile is also at a big distance from resistance of channel.
Conclusion:
The priceline is having the very strong support of wedge and 50 SMA. The formation of the inverse Cup & Handle is also a bullish signal. But we should use the 50 SMA on the weekly chart as a stop-loss because if this SMA will be broken down then another rally to the downside can be started. Even though there is an expected death cross between 50 and 200 SMAs on daily chart but the support of 50 simple moving average may work as stronger support than this bearish signal of death cross.
[$XLM] Stellar Lumens will be the next SpaceX Dragon crew!Denelle Dixon , PDG Of Stellar Development Foundation (SDF) announced 3 big focus for Stellar future:
- Strengthening Stellar's authority
The SDF intends to focus initially on the solidity and user-friendliness of the $XLM. On the one hand, it wants to focus on the tools that developers and others need, in order to bring more anchors to the ecosystem and help all network participants with use cases.
"We need to...make sure Stellar can handle all the growth that these use cases can offer. So we've been focusing on scalability." said the Director of the SDF
- Gaining the trust of regulators and industry players in the blockchain industry
Denelle says that in 2020, the SDF will also focus on communication, so as to build trust in the network.
- Developing sustainable use cases
Third, the SDF plans to build its portfolio this year. The CEO announces that the launch will take place in the spring. She also announces that special attention will be paid to all participants in the Stellar ecosystem who create interesting use cases. The aim will be to develop more sustainable use cases.
It sounds really marketing after all that years developping this protocole.
We'ill what's next !
On a technical point of view, it's a beauty , extracted from trading book !
Breakout with a slow correction leading to retest the previous resistance who turned support.
Making a higher low and printing a new cycle after successive lower high => Bullish trend
EMA 100 & EMA 200 act as support and perfect bullish continuation
Aiming to the next level ! Slellar has a rocket as a profil picture , so do what you need to do!
Stay Safe, Trade Safe,
PEACE
NicoDonCrypto