Lumens
XLM/BTC Nearing Complex CorrectionSo much intentional for Lumens. Regardless of total supply, the Stellar platform has a very promising road ahead. Remember, price analysis drives the price; not fundamentals or the news. With that said, only upside potential in my vision.
As most altcoins did, Stellar found itself in a complex correction, which I propose we are nearing its end. Multiple counts present itself but I see nothing but more upside gains from here--at least testing its previous ATH. Congestion expected to be encountered at the 618. Targets are marked in red.
As always, this is not financial advice, only my own technical analysis. Trade wisely.
Yes! Excited about Lumens - Elliot Wave Set Up & Analysis Subjective:
I like Lumens b/c of it's story, team and goals. Per recounting of it's origin, it was created by people who disagreed with Ripple's core purpose. The team is partnering, marketing and has an accessible platform for developers who wish to advance Satoshi's ideals. I myself am interested in finding partners to help my team pursue our non-profit's work in South Sudan/Uganda by using it's platform (let me know if you're interested).
Objective:
I think that XLM is going to begin a Elliot wave cycle 2 soon after analyzing the trend of the last big cycle. I've used 30 min bars to outline a trend that will play out on 4hr bars. I'm focused on:
a) end of wave 3 at approx 160% of wave 1
b) seeing the bounce of wave 4 off of the resistance line of wave 1
c) the wave 4->5 tranisition to catch the most amount of return. When we get there us a downtrending channel and find a bullish buy sign when a candle closes above it for a good buy signal.
d) tracking the FOMO/FUD activity and psychology of the market during this cycle.
See chart for technicals.
Remember that wave 3 is the home run, but it might not happen. If wave 4 happens then wave 5 is more likely to happen (though I'll be going conservative on goals).
Assessment & Plan:
Lumens is a successful coin, with a strong team, story, and a recent previous history of a successful Elliot wave cycle using 4 hr candles by hitting a core set of technical marks. This cycle could take upwards of 4 days to complete.
Profit taking:
- Minor profit taking at wave 3
- Major profit taking at wave 5
- I'll adjust my Make or Break (MOB) targets as needed.
- I've not included the oscillators, but should be used when we get closer to the wave 4. I'll use 5 & 35 period.
- Additionally I'll use moving average lines to analyze the break of wave 4 for the likelihood of wave 5 occuring. It'll be appropriate to a trailing set stop-loss at this time to avoid giving back profits.
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ETH: 0xaa7Da3E6df389FbB0995772D3B1fa6dbC416FEDd
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BCH (CASH) : 1Fx4EukYA6ZXYb5VehUpwkzCeCz9MViNbf
XLM (Stellar Lumens): GB6YPGW5JFMMP2QB2USQ33EUWTXVL4ZT5ITUNCY3YKVWOJPP57CANOF3
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Falling Wedge [XLM] Stellar - Lumen 150% PROFIT [4H Chart]T.A.: Falling Wedge , RSI and MACD have been reseted and ready for a new run, time expected to reach target: Less than one week, you can buy now to get more profit or you can wait after breakout for quick trade, it will take off for sure very very soon, BTC has been unstable the last days and the takeoff has been delayed, hopeful we can do it this time.
F.A.: 1- Stellar XLM based fairx io exchange will hit the market soon letting people buy alts directly from fiat with low fees, fast transfers. This will be Jed McCaleb's second attempt with exchanges and payment after Mt Gox. Once its launched and marketing kicks in with general public, XLM will skyrocket.
2- Roadmap will be released January 25th.
Will run very soonSoon XLM will start Wave 1, and after 50% retracement of Wave 1, Wave 2 will be complete.
After Wave 2, will start the biggest run, which is Wave 3, which equals Wave 1+261%
Then we will go to 38% retracement of wave 3, then will go to finish Wave 5 which is 2.65$.
For tips:
BTC: 189gZ7qEP2uVqDZkyLmn9JmCCmqCnbpDVp
ETH: 0x5F1280a09EB114Df03b133fbAF592F81cc50A0e0
LTC: LguwjDn6X5wSYU7B48SSzLdf2GnCFh9qZG
XLM; Expert view explaining price movement and expectationsIn my previous post, I illustrated a possible trade, which initially started off very bullish, yet turned out to be bearish. A triangle with everything going for it could still go both ways: break out through its resistance, or fall through its support. The second scenario happened; as soon as it broke support, we knew the trade wasn't worth continuing.
I'm following up on that post, showing what happened then and since, and what we can reasonably expect going forward.
Stay tuned for more interesting stuff and feel free to reach out if any questions!
Link to my previous idea (note: I forgot to put the "?" at the end of that title :-) )
XLM ready to blow! Exciting times:
- XLM has created a relatively strong horizontal support (green horizontal line), so downward movement should be limited
- XLM is about to break through the triangle, which would immediately push it upward
- Also note below: the MACD is about to form a golden cross just below zero (red & blue lines crossing)
- RSI is somewhat more in the "oversold" region
What do you think?
XLM BULL Run: 5th Elliott Wave After ABC Correction XLM has a strong long term potential and I've previously recommended it as a long term hold. We are now approaching the 5th wave which also corresponds with the 1.618 fib level as shown the chart above. The tip of the wave represents the highest peak; selling before the peak is recommended to secure a profit or setting a sell under the high is also wise. If it makes its way to that high then 8000 sat is a good point I would aim to sell before the correction so you don't miss out due to a volatile market. We are now finished with the ABC correction and xlm is following through with its horizontal oscillations as seen in previous highs. After the 5th Elliott wave we may not see this horizontal oscillation again for some time and it is not recommended to hold through the drop. XLM is still a good long term hold, but if you want to maximize your profits moving into another coin after would be a better bet then wait for xlm to correct to buy back in.
Attempting to see if it will follow the fib levels projected as an experiment, but it should still arrive at the 8000 sat level regardless.
Stellar (STR/XLM) Breakout Buy SignalStellar (STR/XLM) Breakout
of Symmetrical triangle
Buy Signal
After a few days of a 42% correction (92 ATH - 53) all signs point to a reversal and resumption of upward movement.
50, 100 and 200 EMA (day moving average) are all curling upwards, as it's looking like it's starting another move back towards ATH (All Time Highs).
Interestingly, Stellar was a hardfork from Ripple in 2014. Transactions on the decentralized Stellar network resolve in 2-5 seconds for a fraction of a cent, aiming for low-cost payments between different currencies. Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation. With a team of top technology and finance professionals, the nonprofit Stellar 0.00% .org expands access to low-cost financial services to fight poverty and maximize individual potential. Stellar 0.00% (Lumens) (STR/XLM) is supported by IBM , Deloitte, Stripe, Google.org, Blackrock and loads of other big companies.
Looks interesting to me with still a lot of upside potential. US Dollar parity is the near term target, as it goes the way of Ripple. $10 USD parity in 2018? Given the way this market can sometime move, as well as the fact that STR ( XLM ) is valued far less than any other of the top 17 crypto currencies, I wouldn't be surprised at all to see it pass 1 USD parity in the coming weeks-month and even break the double digit value (i.e. $10) in 6-12 month's time, but who knows.
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
All the best luck trading
XLM +3900% target $36.00 within 90 daysStellar Lumens is up. Looking over long term charts, I see the previous 2 rallies were 2300% and 7800%.
If we figure half of 7800% for potential growth over the same period (90 days), then we may see +3900% with a target of $36.00.
If we take the average of the two prior rallies 2300 + 7800 = +5050% with a target of $48.00.
These are very rough estimations as there is not much trade analysis going on here, other than a comparison of rallies and knowing that XLM just overtook Litecoin for market cap.
Some useful news as relates to XLM:
www.cnbc.com
globalcoinreport.com
Stellar in #6 position of all cryptos, as of today, surpassed Litecoin and others.
www.ccn.com
XLM is the alternative to XRP and XLM has some benefits over XRP in that it's for the unbanked individuals and is fully decentralized, compared to ripple which is highly centralized around banks and institutions.
Stellar has the potential to upset and replace XRP in the #2 position for market cap where libertarian views push XLM near the top.
Going Stellar (STR/XLM) Up the Bull Flag StaircaseGoing Stellar (STR/XLM) Up the Bull Flag Staircase
Bull Flag after Bull Flag (breathers) up the staircase to heaven. 50 EMA (50 day moving average), RSI and MACD all curling upwards, as it's looking like it's getting ready for another wave.
Transactions on the decentralized Stellar network resolve in 2-5 seconds for a fraction of a cent, aiming for low-cost payments between different currencies. Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation. With a team of top technology and finance professionals, the nonprofit Stellar.org expands access to low-cost financial services to fight poverty and maximize individual potential. Stellar (Lumens) (STR/XLM) is supported by IBM, Deloitte, Stripe, Google.org, Blackrock and loads of other big companies.
Looks interesting to me with still a lot of upside potential. US Dollar parity is getting closer and closer, as it goes the way of Ripple. $10 USD parity in 2018? Given the way this market can sometime move, as well as the fact that STR (XLM) is valued far less than any other of the top 18 crypto currencies, I wouldn't be surprised at all to see it pass 1 USD parity in the coming weeks-month and even break the double digit value (i.e. $10) in 6-12 month's time, but who knows.
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
All the best luck trading