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Lumens

XLM - Classic H&S pattern forming!As you can see in the chart, Lumens have gone through a period of a classic H&S setup. The one quick thing I may add is that the Lumen project is tied in with XRP. Lumens being the "free market" cousin to Ripple, which has gone through a huge speculative increase period. I believe the interest in Lumens lately has been partly because of the huge quick uptick in XRP prices recently. BUT, when an opportunity presents itself, we need to recognize the pattern and profit from them. I believe we have already gone through the left shoulder and have descended past the Head. All signs are pointing to bearish consolidation within the H&S triangle, followed by a quick but short lived buy up, and re-consodliation back down. This is good news for shorts in the short term, and presents a buying opportunity at the low of the next shoulder for easy profit taking for those in for a quick buck. Happy trading! -Z
BITFINEX:XLMUSDShort
by Zulu_Kilo
7
XLMUSD target of 1.078 on or before January 29th, 2018If we follow the general rule that the length of a consolidation zone is generally mirrored by an equivalent move in price, then the target range is 1.078 for XLMUSD. As far the time frame that it could reach, the longest time period should expect the move to take is until Jan 19th, which is the end of the current time cycle. However, given FinAstro cycles, the seasonal bull cycle and behavior of the market over the past 10 years, a move to and beyond 1.078 before January should be more expected – in fact, the probabilities of XLM attaining higher values beyond Jan 2019 is very unlikely – XLM (and the entire cryptomarket) is a victim and a beneficiary of the entire aggregate markets performance – there is still too much correlation in the market to assume that any single crypto will have a sustained move that deviates from Bitcoin.
BINANCE:XLMUSDLong
by itsjustanalysis
4
Stellar Lumens COULD Be BullishThis is an analysis that felt near-mandatory given the amount of fairly bullish news that has come across the wires for Stellar in the last couple of weeks. As we’ve mentioned in some of our former price analyses, the partnership between IBM and Stellar has been the gift that keeps on giving in terms of the updates and developments that have been churned out from the pairing. Most recently, Stellar investors were rewarded with the news that IBM is launching a ‘Blockchain World Wire’ payment system. In fact, that prior statement should not be put in the past tense, because the system is actually live as we speak. It probably goes without saying, but this news is astronomical in terms of Stellar’s future potential (per usual). This is following the news that came out a little over a month ago informing investors and the general public alike that IBM would be building a stable coin atop of the protocol as well. The reason why this news is bullish is because: 1. It seriously validates Stellar as a blockchain protocol. It shows that Stellar has clearly met its goal to be utilized for a certain purpose as a BaaS (blockchain as a service) project in the cryptocurrency space. 2. Stellar’s developments also provide credence to the idea that there is a specific ‘use case’ for cryptocurrency, in general, and that the business model that they are utilizing is the most effective way of facilitating such. Now let’s have a look at the charts. Stellar Price Analysis We’re going to start with the XLM/USD pairings, but we’ll also have a look at the XLM/BTC pairing as well in this analysis. So, as we can see in the picture above, there was a point in time where Stellar was trending nicely against that uptrend line that had developed from the beginning of August. However, that line was unable to sustain the constant market dips, and it recently fell off of a cliff (in Stellar world, it did). Let’s check out the apparent downtrend on the H4 chart below: As you can see in the picture above, there are a few wicks that attempted to break through this downtrend, but they have been largely unsuccessful thus far. Relative Strength Index (14) As you can see on the chart above, there is some serious divergence between the RSI(14) for Stellar and the price action on the H4 chart over the couple dozen periods or so. The divergence is actually pretty substantial, all things considered, and definitely something worth paying greater attention to. The Volatility RSI (on the third panel), is still signaling growth on the 4H as well. Let’s Take a Look at the XLM/BTC Pairing As you can see above, the BTC chart is a bit different than what we saw on the USD chart on the H4. The two lines drawn in the chart above are used to show the minimum and maximums of the last few weeks of price action for Stellar. It would appear as though Stellar has hit some sort of bottom point with BTC, although there is no guarantee that this is the case. As has been stated numerous times in past price analysis articles, some coins appear to be more guided by TA done on the BTC charts, others more guided by TA on the USD charts. In the case of Stellar Lumens, it appears that USD dominates the future prediction for Stellar a bit more. Again, as we can see above, the RSI appears to be on a fairly strong uptrend for Stellar Lumens on the H4. Now, let’s go back to USD and up the chart resolution to the daily. Daily Chart for XLM/USD Pairing So there are a number of notations that were made on the chart above, but we’ll explain those below (typing them out) for anyone that can’t see. On the chart above you can see that: 1. There was initially a strong downtrend on the chart that was interrupted by consolidation (bear flag) before a continuing drop in price. 2. Currently it looks as though a bounce COULD be possible, but there’s nothing that’s definitively indicated such on the chart overlay itself. It appears that the price is finally at a support on the daily chart as well. The idea that the price has finally hit a support is evidenced by the three translucent boxes that you see on your screen above. RSI(14) Still Bearish on the Daily Though; Something to Consider This is important to note, because we saw a significant amount of (positive) divergence on the lower TF charts and that’s usually a auto-long position type of signal. However, knowing that the same cannot be said of the daily should give traders pause. Or, at the very least, it should indicate to traders that the divergence on the lower time frames has not been sustained for enough periods on the H4 (and below) to translate to the daily chart. Therefore, if one were to place a long bet on Stellar Lumens at this point in time, it should be done so with caution and prudence, because it has not been entirely immune to the downward thrusts in the market as of late. The Volatility RSI hasn’t even signaled us in yet. Moving Average Convergence Divergence (MACD) The MACD looks a bit ambiguous, perhaps even somewhat ‘shy’ on the daily chart, but the MACD line itself appears to be attempting to make a move upward. We can see on the Histogram in the above chart that the bars are reflecting a rate of decline. Moving Fib Indicator (Custom) On our moving Fibonacci indicator, we can see the next ‘zone’ ends at 22.6 cents, which would be +10% growth from where it is currently. Conclusion There is definitely some underlying bullish sentiment in Stellar on the lower time frames. However, it remains to be seen whether that bullish sentiment will continue and be substantive enough for it to break the market’s overall trend. For those that have been following the markets closely over the last few days, it hasn’t been Bitcoin that’s declined in value, but rather altcoins themselves and this has resulted in a greater market dominance for BTC overall (per CMC data). The fact that Stellar has been able to withstand that is already bullish in it of itself. A long bet appears to be a bit of a gamble in this situation, but it seems a lot safer than a short bet (if you have the option of shorting this project). If the author was forced to enter into a position on this coin, then here’s what their R/R would look like: Please note, this is not financial advice in any way, shape or form. Make your own decisions about how you wish to proceed forth with this trade. Good luck!
BITFINEX:XLMUSD
by librehash
1
XLM Kicked Out Of Bullish Pennant. Next Support at 2,600 SatsIn the last week, Bears have managed to force XLM out of the long-standing bullish pennant pattern that has been forming on the 1D XLM/BTC chart since January. Bullish traders attempted a throwback to the support not long after exiting, but it flipped into a strong resisting point and overpowered the uptrend. Any hopes of a surging bullish breakout from the pennant have faded (sorry to be a kill joy..) Global crypto market capital has shed another $4 billion today, there isn't enough investment in the crypto market right now for a strong bullish breakout to happen (realistically). Asset likely to continue downtrending against the red dotted resistance, towards the next support region below at 2,600. For the full TA guys, I post all my content on Cryptovest.com Cheers!
Short
by RSI-Guy
XLM Head and Shoulders Confirming. $0.03 Target.First off I want to say that I agree, $0.03 is an outrageous target. However, when doing technical analysis, you're suppose to leave out all feelings and fundamentals. I believe that XLM should be one of the top coins and above $1.00, especially when fundamentally compared to the other coins out there. I've tried to follow my feelings and fundamentals in the past, and it usually doesn't end well. From the various books I've read, they've all said the same - only follow the chart. So ignoring that this is XLM and looking at the chart only, yes, it does appear there is a good chance XLM will sadly go to 3 cents. How can this happen with Bakkt, Starbucks, NASDAQ, and all the other "bullish" news surrounding crypto lately? I don't know, but I've learned from past mistakes to only follow the chart. For this trade, you would want to enter your short as close to the neckline as possible for the best risk:reward setup.
KRAKEN:XLMUSDShort
by ttrending
7
Stellar Lumens price is compressing, lows and highs move closer Always an interesting development within a chart. To know something is going to happen soon is kinda exciting to follow. To me it feels like we'll have some outbreak soon. The markets seemed to be unimpressed towards the SECs recent denial of further ETF proposals. This only shows that markets are following their own rules and traders are building up some kind of immunity towards a certain kind of real world chatter. We are listening to the silent before the storm.
by senolito
Could Stellar Lumens Go to 100 USD? (Elliott Wave)Because the time relations between each wave are perfect fibonacci relationships, and because each wave appears to be corrective, and because there is no overlap of waves-b and -d, and because there is significant price difference between each wave, we can safely assume a diametric is forming. This also means wave-d should be coming to a completion soon because it is exactly 1.618 in time of waves-b and -c, and 2.618 of wave-a. When wave-d completes we're most likely going to get a very large wave-e that could be as big as wave-a, wave-c or waves-a + c, which could take us anywhere from 10-100 USD, and will probably end somewhere between November and January. However, because its a diametric these targets are more like a shotgun blast rather than a sniper shot, and it will be best to analyze in more detail as we approach each target time to see if it looks like it's going to end or continue trending. There's also lots of other indications at the shorter timeframes that support this bottoming here, such as momentum divergences, harmonics, bullish divergent bars, TD sequential signals, and elliott wave counts. Being added to the biggest regulated US exchange will also help increase volume and legitimacy. The long-term fundamentals of stellar are very good and are similar to XRP except that it is much less likely to be deemed a security because Stellar.org only holds 5% of Lumens. One of the biggest use cases for XLM (and XRP) is that banks and institutions are going to be using it to increase liquidity when trading illiquid foreign currency pairs, as well as to decrease the cost of cross-border payments, and to increase the speed of international and domestic financial transactions. This could easily project these to trillion dollar market caps because 100s of trillions of dollars move through these channels globally each year, and to decrease cost, and increase speed and liquidity, it will require these institutions to buy XLM and XRP to use as an alternative channel, and hold large amounts of it on reserve.
SLong
by Intuit
30
Hello XLMUSD traders, YoungShkreli is here to help youWhat's up guys, YoungShkreli here I've been requested to make this update, it is not a choice I have made personally. I do not believe in XLMUSD and won't recommend trading it, but if you must, here is what I think: If we break the first line, we are likely to go to the second line. With that, the ball is in your court, we are at that first line, in oversold conditions and are on a green ashi. Buy at your discretion, but I DO NOT SUGGEST buying it. I'm simply extrapolating my strategies to this market. If I've been helpful, please like my work and follow me, it helps us both -YoungShkreli PS thank you to all my followers who have helped me become a top trader <3
BITTREX:XLMUSD
by CantorTechnologies
2
XLMBTC BITTREXXLM has pulled back down to the long term weekly uptrend and found support. After being rejected at a 4 hour resistance level it has retraced back down to the trend line and formed a bullish engulfing candle right off the trend line. Finding some resistance already in this push, I expect it to head down and retest the weekly uptrend. When it is back at this level I will be watching closely for a good entry after another bounce from the trend line. The weekly uptrend line also forms the bottom of the large triangle formed between 2 weekly trend lines. This triangle has been respected at the top and bottom for quite some time so there could be good potential for a mid to long term hold on XLM. Also could enter on the smaller time frames to catch a potential bounce off the trend line for a quick gain. If XLM breaks down through the uptrend line, it is likely we will head down to 3k.
Long
by JB110011
$XLM nice bounce, bullish divergence, green volume...$XLM #Stellar Lumens nice bounce, bullish divergence, green volume 4H looking juicy. #Stellar is one of my top fav Alts. It has help up nicely while others havent in recent times. Theres no shortage of news and activity surrounding this Altcoin. #Stellar Lumens could be poised to gather some momentum as one of its partners, SatoshiPay, is set to enter the London Stock Exchange through an IPO. IBM announced that it is working on its stablecoin. The coin will be supported by blockchain technology while running on #Stellar’s platform. TransferTo announced its partnership with $XLM to boost international money transfer. This way, send and receive in over 70 countries will be very fast and efficient. Coinbase has also announced that it will explore $XLM as another option to be listed on their platform. Im bullish, however as always with caution. Everything seems to be hinging on $BTC bouncing back right now, if Bitcoin takes another dip, #Alts could very well go with it, so risk management always high priority. All my Alt trades are paired with $USDT also. Here's a recent video I put together on my stop loss strategy with Binance youtu.be .. Not financial advice folks, trading crypto is risky.
Long
by tradingwithanthony
Stellar Lumens Strong Growth ContinuesStellar Lumens found the bottom on the 29th of June, when it hit the $0.17 low. Then price has consolidated for nearly two weeks and since 12th of July price started to move up sharply. In less than a week Stellar gained over 60% against the USD and currently trading at $0.3. XLM/USD already broke the 23.6% and 38.2% Fibonacci resistance levels, along with the 200 Moving Average and the extended ascending channel. So far all the facts are in favor of the uptrend continuation and Stellar could go up to $0.4 resistance. Although short term trend is upwards, price still could retrace back to one of the Fibonacci support levels. But, when/if the upside target is reached, it would be important to watch price action near that level. Break above should confirm the trend reversal, where the long term uptrend might start. On the other hand, rejection could result in a continuation of the already established downtrend.
BINANCE:XLMUSDLong
by CryptoPAMM
2
XLM about to break to the downsideDisclaimers first: I have a large bag of XLM - some bought at the price higher than present - and some that I bought a lot cheaper. I decided to offload my XLM that was in profit based on my reading of the chart. I am not a professional etc etc and this is posted to further my own education. Am I bullish long-term on XLM? yes. Am I impressed with their recent progress with peer to peer money transfer? Absolutely. I am definitely not a hater of XLM. Saying that I have offloaded the in-profit XLM I hold for fiat based on; 1. Five waves are seemingly present and the wave measurements stack up, 2. There is a clear corrective pattern currently that has has a significant rally, 3. There are some clear signs of weakness, 4. I start to get worried when I see a rising wedge at the end (or seemily at the end) of a large rally. The best explanation is that this isn't a 5th wave ending diagonal, but rather a large wedge formed in the B of the corrective ABC move. This would strongly suggest that the C wave is about to break downwards (and with decisively) shortly. Because I cannot easily count 5 waves in the larger wave (A) which I named (a), (b), (c), I would expect (C) to travel further than (A) - since wave C always has 5 waves. I could be wrong, but seeing as I was in profit (not a common experience in the past 6 months) and the current situation looked uncertain so I chose to take profits. Happy trading.
BITFINEX:XLMUSDShort
by flyinkiwi10
8