XLMBTC - Completion of a Corrective SetWild week for XLM - seeing a boom in volume, nearly doubling in price over the past 7 days, and grinding through a mass sell-off as BTC shoots through the roof - settling at a new floor around 800-900 sat. Even with this recent drop, the mean is still rising steadily.
Taking a look at the chart, we can see what looks like Elliott Correction after the spike in price, and the completion of Wave 2 today. The pink dotted line being the long term trend, I see Wave 3 taking us up to 1150, Wave 4 bringing us back down around the 1000 sat mark, and finally reaching back up to 1400 with the completion of Wave 5.
XLM is creeping along, creating new floors out of previous ceilings. This will be a fun one to watch in 2018.
Lumens
Stellar Lé Moons . XLM STR LongHi Stellar Fans,
First of all... all my ideas are just thoughts. Use them as inspiration to your own thoughts. So lets get on with it, good times are coming! In fact, good times have started. Couple of weeks ago I would have thought that Stellar would've 'mooned' early november.... but end of november it was.
With all the good news coming up, starting with Satoshipay : medium.com
My current thought is that we will form a CupnHandle :) Taking IBM news as start... en March 18 as end!
XLM (STR)/BTC - Outlook for the next few daysIf XLM keeps moving in the channel it may break the major resistance line at 905 Satoshi within two days. When that happens, It'll most likely shoot up to the 1200 Satoshi range.
STRUSDT Long10:1 RR risk 30% gain 300%?
Williams Trader says enter, the volume is gaining rapidly as we break the hammer candle pattern level, plus the BO of the purple mid line of the fork looks like a great upside signal.
TP at the top lvl (100%) SL if we close below purple lvl (50%); another way to trade this is wait for double up and sell half to get back initial cost.
Manage your own risk however you prefer, these are just how I am looking at this trade atm
Gl Hf
xoxo
sn00p
XLM/BTC The coveted Wave 3 is already here. still lots to go.XLM has officially bottom and everything is aligning for take off.
-50 MA crossed 100 MA on daily recently
-RSI, MACD all bullish on all mid to long time frames
-weekly bull MACD cross occurred 1-2 weeks ago, all set for multi week/month uptrend
And the 2 things that hold XLM back
-the 50 day MA crossing the 200 day MA
-1k satoshi price level
Black line trailing down is 200 MA
red line moving up is 50 MA
purple is 100 MA
currently ascending triangle, if it can hover between 850-1000 satoshis, this should happen within 1 week or 2. There is room for this to consolidate further in 600-800 satoshi range, this could take another month.
but rest assured, when the last of these indicators occur, all bets are off.
First Wave was 125 satoshis to 450 satoshis
bottom at 250 satoshi.
trend based fib extension shows incredible levels. remember wave 3 must be longer than wave 1. and there is so much more backing this wave 3...
i think 1.618 and 2.618 extensions make for likely targets 3-6 months from now. and with the collapse of btc to "normal" price around $5-6k, 4.236 fib extension makes sense as well.
We have IBM blockchain specialists posting in the stellar reddit and barely able to keep their excitement for what is coming. think about that.
str/btc xlm/btc 15min closer look updated.... Looking at this STR/BTC-XLM/BTC pair I see we have came below the 50 day average. We will likely continue down to support level 832... The Death Star has reported to buy here and look to close again when we reach the top of the channel. Its possible it may not even go down to 832 as Bitcoin is appearing very strong. This is our primary indicator, Bitcoin,,,, This is all pending of course as long as BTC continues to cooperate as this pair is following BTC perfectly.... xxvaderxx
LONG Stellar Lumens STR / XLM : Another Cup and Handle After XLM faked me out on my previous idea when I anticipated a breakdown in a bearish flag/pennant....it is now showing very positive bullish signs that are further aided by the cup and handle
formation that is currently close to completion.
It has been steady forming higher lows and higher highs even despite Bitcoin's swift rise, which is a sign of stability and strength.
Pending orders should be placed at a break of the 535 level.
There will be resistance at the 56x levels, but if that can break then we are going to 592 (which is my first target).
We are above the 100 day moving average and ichi.
Beware...stellar has been known to have some very quick movement in both directions, so take profit when you can.
But it can be argued that its price has been suppressed for far too long compared to other alts during this great institutional money bull market.
Lumen One To WatchLumen might be one to watch in the next few weeks and months. RSI is strong, Ichimoku and Bollingers look pretty good.
Rumours floating around of XLM being incorporated into Asian banking spheres. I don't trade rumours, because most of the time it's bullshit or pump and dump crap. But just keep an eye on it.
PM me for entries, targets, and custom charts (small fee)
STR/XLM Bullish Moving Average Cross It appears that XLMBTC (STR, Stellar Lumens) is about to make a bullish moving average cross on the 4hr. This is a good set up for a long term trade LONG. Stellar has a great project with a lot of support in the crypto community so it is likely that unlike the other alt coins that bleed when BTC is megabull (as it is right now..) STR/XLM may still rally
Entry: 480-500
TP1: 550
TP2: 600
Target: 700
Stop Loss: 440 (for the less risk averse, 400)
Happy Trading
*Short* Stellar Lumens / XLM Bearish Descending Wedge BreakdownIf you've followed my ideas long enough, you'll know that I absolutely love scalping/swing trading this coin. For the most part, the medium and large moves have been quite predictable.
I'm making another short-term forecast.
It's currently been bouncing in a rather tight range within a bearish descending pennant/wedge.
The 1hr chart is quite telling. If the current pattern continues, I'm predicting it will continue to push the RSI levels upwards up above the 70 range as soon as the wedge formation is
completed.
As we've seen in the past, this has coincided with a drop-off in prices as the market capitulates.
Pay attention to this formation, but I'm guessing the drop should come by sometime tomorrow (sunday) or early Monday, if not sooner.
Primary target is 0.00000457, which is a strong support level.
How to trade STR/XLM to make +- 20%Greetings from South Africa, Lately we have seen a strong support between 420 - 460 and i dont see us breaking below that any time soon (unless bitcoin does something similiar to Oct bull run)
Anyway this is my meathod for trading this coin for the next 2 weeks >
Buy at 450 - Sell at 550-620 - stop loss at 380.
Hope you guys find my method of trading useful. Good luck AND remember to never put all your eggs in one basket!!!
Please be sure to give me a follow for more on Lumens. any Rep i can get would be greatly impressive!
Stellar Lumens Cup and Handle FormingCup and Handle pattern forming on POLONIEX:STRBTC ( BITTREX:XLMBTC ) We could finally be set up for a big break out.
Descending Wedge Bottom on Stellar/Lumens400 Satoshi is tip of this descending wedge. Breakout should come before price reaches 400. This thing is primed for take off... Buckle up! POLONIEX:STRBTC