Stellar drop before bounceStellar could be forming a new falling wedge inside a larger long term pennant. Expecting a further drop before bouncing off support.
Opened a short position at 670 after price stalled and revealed the wedge's resistance, posted earlier today here:
Target price around 550-570. Breakdown of this Fib confluence could bring price to the low 500s until support is found at the lower bound of the larger pennant. Longer term bullish, expecting over 1000 sats eventually.
Lumens
XLM / STR Headed for 1k territory (long)Chart shows a strong bounce off the 4 hour trendline (and subsequent large channel elliott wave) and a pattern reversal in what I think is another elliott wave back up to the ~1k-1100 area. Great time to enter long if you can get in around the 5xx area. Suspect it will continue to get a lot of volume this week as the price of BTC fluctuates. Has remained strong even during the BTC rise unlike it's counterpart XRP, which is promising. Of course a BTC dump will probably only strengthen it's rise as more money pours into alts.
Just let it accumulate!!Such a piece of news and a price spike of course needs its accumulation period.
We're right in its middle, where prices are bouncing up and down in the 520-580 sats zone.
I confess I'm holding a nice chunk of this bad boy, so I'm a little biased over it, but I definitely think this is one of the few coins with a future around here and my investing/trading style is more oriented towards solid profits in a longer time then betting for the next +100% shitcoin.
I definitely think this may be a good entry point, and to play it safe, before pulling the trigger, you should look for:
- Wedge breakout
- Trading range breakout
- More volume
- RSI back to the bullish zone (>50)
First targets are 700, 800 and 900 satoshis.
Stellar Lumens ~600% profitSTR/BTC / XLM/BTC is ready to go for roughly 600% profit from here. it made a higher low from its most recent lowest low post-China news. additionally, it's a fork of Ripple ( XRP/BTC ); Ripple is about to have an absolutely HUGE conference in 2 weeks with big names speaking there (see my most recent chart for more info). because of this, the long-term chart follows Ripple. however, I think Lumens is significantly more undervalued.
I own a lot of this and will be selling around the 2nd labeled target price of ~1764 satoshi. this would also bring it to the same marketcap ranking of its maximum hype level around May-June.
trade at your own risk.
A Stellar Opportunity AheadStellar has been closely trending along Ripple due to their similarity in design and objective and is now following the general crypto market in this corrective move after the recent announcement by the Chinese government. It has been declining since May after a dramatic spike saw it rise almost 30x against Bitcoin in just a couple of months.
From an Elliott Wave perspective, lumens are nearing a bottom as an ending diagonal of wave C. While it's not easy to determine an accurate bottoming price range and time span, the current pattern indicates that we should be nearing a long term low in the next few weeks and could get very close to the March low. A strong reversal should ensue after that.
This will present crypto-enthusiasts and others alike with a great buying opportunity that will see Stellar literally propel itself to the moon.
Possible long strategy for XLMXLM is in the sideways trend, and is approaching oversold on Stoch RSI. ADX shows there are more sellers than buyers driving the price down, but the trend is clearly weakened.
It is also approaching the downtrend resistance line, and will soon have to decide where to go. While it has been trending down overall for the past 4 months, there is some room for growth to the resistance zone of 500 satoshi (the blue resistance line) before it continues its downtrend to 300 satoshis, possibly finishing a 100% retraceent from its June high. Right now it is hovering over 400 which can mean a 20% ROI if it breaks through the downtrend resistance line and goes up to 500. If you purchase at 400, set stop loss at 430-450 when it reaches 500.
Alternatively, you can wait for a stronger trend when/if it breaks the 500 satoshi resistance on high volume and set stop loss at around 470-480.
Judging by the technical analysis, unless BTC acts up again, it is likely to head up.
Thoughts? XLM is really a mystery considering it is a decent coin. Investors haven't been kind to it.
STR rocketToday is probably a good day for Stellar, should see a quick rise, its broken out of its downtrend, so stay tuned.
STR boat is beginning to float Price floor #1 has been holding up so far. If it breaks, we will be heading for price floor #2, and then the moon.
Stellar Ladder Scenario [Market Geometry/EW] STRUSDT is near its absolute bottom; bag holders have already made their decisions. Ride the ladder to the sky! Full Elliot wave cycle complete at absolute bottom.
Buy/Sell Zones marked.
My first Chart Prediction for StellarAllthough i'm pretty new with crypto-trading, I try to learn by following others, experimenting with tradingview. I would say Stellar Lumens is about to cross an arc, going for +/- 0,55$ within the next 6 hours (+20%). What do you guts think? Feedback is more then welcome :)
STR - Time to Get on Board the SpaceshipStellar, Ripples cousin, is ready for another take off. The spaceship was getting some fractal and geometric fuel. Now that this process is completed, we're ready to go to the stars and beyond. Andromeda is awaiting for us.
Entry: 2000 - 2500.
TP1: 5200.
Stop-loss: 1800.
R/R: 1:16.
Song for the ride: www.youtube.com
Please like and follow if you agree with this idea.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting some updates as I have been doing in my previous posts, but if you want live updates, check out my signature and join my Telegram Group.
Let's Start The Remittance Party!Big news coming out from the Stellar* project. We believe in pump based on the news and the possibility for said pump to become the "test pump" depending on what the future holds. Read on and see if you agree.
Fundamentals
Read the big news coming out from the Stellar* project here.
Coins.ph, Flutterwave, ICICI, and Tempo is jumping onboard with Stellar*.
The remittance market is the goal here obviously and with such big players Stellar* can be succesful!
There is a huge market to conquer and the upside for investors is definietly there.
First Pump
We have already seen the market go up on the news, but far from enough. Stellar* is at this moment very undervalued and the chance of a larger pump in the short term is likely. At 900 we will get out and watch the proggress before taking a position again.
Decision Time
If things play out as we expect there will come a time when the market will decide if that's it or not.
That depends on the progress Stellar* can make with the newly acquired partnerships, and what Bitcoin is doing.
Risky Investment
This is a risky investment but with far greater upside potential then downside.
You should be aware that Lumens (The coin of Stellar* and what we are buying) does not really have much value. Read more about it here on their website.
"The Stellar* network is free to use, you only need lumens to cover the base fee" wich is practically non-existent.
For a big pump to happen to Stellar* (or more correctly lumens) , those coins need to become more valuable to the Stellar* network, and that is something we will follow the progress on.
However, crypto have not cared in the past and we don't believe it will this time either, so a pump to 900 in the short is still very likely.
¿Stellar price to follow Ripple recent pump?STRBTC is the tycker symbol for the trading pair "Stellar" against bitcoin.
Stellar is a platform originally forked from Ripple consensus protocol that allows you to send instant fiat transactions worlwide thanks to a decentralized network of servers and trusted anchors that honor the fiat balances.
You can read the basics of Stellar in their site, here .
Here there is a closer look of the same chart in daily
Reasons to support a long in strbtc pair:
Long old trendline crossed up (needs weekly close above 205 to confirm)
Weekly and monthly MACD crossed bullish
MA bullish cross on daily (21, 44)
EMA bullish cross on weekly (5, 8)
Strong correlation with Ripple (xrpbtc)
Here you have a chart showing the strong correlation between Ripple (xrpbtc) and Stellar (strbtc)
Check related ideas for @Intuit Elliot Wave analysis of strbtc
I have already bought 228 and 222, and I have orders all the way down to 200.
Main and first target, ~365 resistance area. Second and ultimate target, ~520.
Stop loss would be a weekly close again under the broken trendline.