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Lumens

XLM Long--Sideways Action For NowLongmoney is back. I hope you’ve been laddering in. Had to take some time off but am back. Stellar Lumens has been very resilient in this correction, maintaining steady volume and a nice range. Not much TA to do here. Instead I'll refer to indicators. Notice the volume had been steady throughout this very extreme correction. Lumens hit some low numbers but the buying power is just too strong. I was hoping for Lumens to hit some lower targets but it just could not get there. It was devoured at 3700. In this correction, which we still are in, I will be looking for more positions to get Long. Lumens is looking very healthy and has firmly positioned itself for the top 10. But for now, we are range bound. Sideways. No count. Will update TA when the market updates.
Long
by longmoney
Stellar bullish signsAs one of the major crypto-technologies alongside with the Etherum and Ripple, Stellar shows bullish signs comparing to BTC. Investors are trying to diversify risks to avoid BTC drastic falls and still stay in the crypto-currencies. From the technical view stellar shows good buying signal on both long-term and medium-term views. From the global picture, the pair went into correction but reached only the 50% Fibonacci level before the rebound. From the medium-term the pair built 0.000034 - 0.000058 uptrend after the rebound, almost reaching the previous top and followed the markets into correction, but also started to draw rebound pattern roughly reaching the 61.6% Fibonacci. The 200 days EMA stays much lower.
SLong
by BitcoinSymphony
XLMBTCXLMBTC has experienced extreme growth in the last 45 days, and I want to express my excitement and concern. For the last week or so, my wife and I have been enjoying the second season of Planet Earth on Netflix. It ishilariously depressing to watch those 30 black rooster-looking birds jump up and down for hours just to get that one chicks attention. It's probably exactly what I looked like to my wife before we were married. Humans and animals alike are desperately continuing the past-time of fighting for food, mates, and power. I mean, that's literally why we sit here for hours staring at multi-colored charts based on the prices of a technology that is relatively underutilized in the modern world. For the lambos. Positives XLM has experienced a similar growth-spurt as ETH did in Summer of 2017 and LTC in late 2017-early 2018. On December 29, XLMBTC opened at 1412 and on January 3, closed at 5860 with a high of 6190. The MAs were severely lagging, so like an animal in hardship, XLM has formed a channel. A triangle as formed with heavy resistance at the top and strong support at the bottom. The blue-dashed line that divides our main channel was created back in October of 2017 and has served a major role through this coins explosive growth. Negatives Volume has decreased significantly, and the 200D MA is far away, though rising. A demoralizing rejection off the top of the triangle could force a close below Channel B, or break through the triangle and return to the Original Up Trend. Conclusion For the next few days, buy below Channel B and sell in Channel A. Stop loss below the bottom of the triangle if you're scared. Let's wait for the MA to quicken it's ascent and revisit. Disclaimer: That artic wolf that got absolutely burnt by a 1-day old caribou is still probably better at this than I am.
by JColeud
Stellar should reach 0.7$ soonNew week new TAs... well almost a new week :). However, we are looking 1hour chart. First, our target is 0.77$ on our way there we will face resistance in few spots. The first one is at 0.64 where we are at the moment, we need to break this if we will see more gains, the next one is at 0.71$ but if we can pass it we don't have resistance on our way from 0.71$ to 0.77$ At 0.77 we have also another resistance level which we need to break on our way to T2 which is at 0.98$ which is also almost all-time high. T3 is at 1.187$ but I am not saying we are going to reach it (soon). On a short-term, we should look if we can break 0.66 or if we fall below 0.56$ might mean that surging is slowing or we are going to experience a bigger dip which might also be a good buying opportunity if we don't fall below 0.43$ I hope you like this and before you do anything I want to say I am not a professional trader, I might be wrong and this isn't financial advice. However, if you still use these technical analyses for trading I recommend using stop loss. Comments and feedback are greatly appreciated, I will read and answer every comment because they are important for me :)
BITTREX:XLMUSD
by Samppa290
4
Lumens Long...Waiting For That Technical Entry ;-)Lumens had a great run up this month. For approximately six days we went from 3900ish to 5800 satoshis and some change. Not bad at all. I have a slightly different count than other analysts regarding where we stand with Stellar Lumens--but our destination is the same. Up... I am eyeing an area around 1618/175 projection for the highest probability zone for where, potentially, I could see my 3rd wave reaching--approx 8000 satoshis. For those that have that first attempt at an impulse in their count, targets are only slightly higher, around 8500. Unless its your position to not be so flexible, this is a good example of how sometimes a slightly different subwave count in the end does not make much of a difference long term. Now with that said, could we just head up from here? Absolutely. That would cause us to rethink our analysis and relabel. Good trading is about minimizing risk because we will be wrong more than we are right. We will miss trades (like my ETH entry ;-)) and be stopped out. For me, and this is my opinion and technical strategy, I'd like to know that I am wrong as soon as possible. So that I can adapt my trade. I'd like to see an attempt up (b wave) followed by more healthy correction and lower prices. Which I propose we will need in order to break through huge upside resistance and higher targets. I am expecting some volume from the 5000-5200 range for those bulls who are still trying to ride this up now. Longmoney is not one of them at the moment. As always, trade wisely. And don't use my information for investment advice. Only education ;-) Ideal Entry - 4600-4800
Long
by longmoney
XLM preparing for major uptake?In this pre-bed time post I have tried to keep it simple: --> The MACD is showing a bullish reversal is pending, looks like it’s going to a strong golden cross. --> The CCI shows “oversold-ness” and is edging upward --> The graph itself shows that the Fibonacci 61,8 is already a strong support, together with the underlying trendline . Price has been bouncing back and forth from that line. Moreover, the last couple of days, price has been consolidating at these levels. --> Given the bullishness in the MACD and the support levels that are still intact , I think we can reasonably expecting a bullish boost somewhere soon. --> In the mean time, note that if it would fall through, the next level would be the 78,6 retracement at around 0,00028387. --> But everything is pointing to further upward movement, with the 0,5 level at 0,00056031 as a first major resistance level to overcome. Feel free to draw an Elliot Wave analysis on it ;-) Sweet dreamzzz
by A_Cryptastic_Mind
9
XLM/BTC, The Flag King. 40% Or 65% Profit.Hey Everyone! I am back with another chart, this time on Stellar Lumens. I was checking some charts and found the XLM graph pretty interessting. This is the third time in 15 days, that XLM has formed Flag pattern. Maybe even a good day trading.. You should keep an Eye on Volume,RSI and the upper yellow Line. "The flag stock chart pattern forms through a rectangle. The rectangle develops from two trend lines, which form the support and resistance until the price breaks out. The flag will have sloping trend lines, and the slope should move in the opposite direction to the original price movement. Once the price breaks through either the support or resistance lines, this creates the buy or sell signal." Buy - Its hard to tell now, But I feel Like 3500 - 4000 Satoshis. Targets - 4900 and 6100 Satoshis. If you agree, or dissagree comment bellow, I would really like to know your own opinions! If this Chart gets a little bit of attention, I will update! Thanks!
by TiborVrbovsky
11
XLM/BTC We reached the expected targets for Lumens in our previous trade--after a difficult correction. But even so, a very technical trade. I was less greedy with my targets;rather than targeting the highest probability zones. Take profits people. We don't know the top. As I am not liking the subdivision of our fourth wave, I think we may have one more push up to complete the fifth. Ideal entry is at the 32 with expected first target around previous ATH. If the count holds ;-) Not trading advice people. Do your homework :-)
Short
by longmoney
2