STELLAR
XLM USD is ready to go higherXlm has found support around 20 cents and short term support above 25 cents
Xlm has seen a massive retracement from the recent high nearly 3x the current price, people were willing to pay 80 cents for it not to long ago so why should you be afraid to buy it at 25 cents? Some of you guys really need to pick a project you can get behind and stick with it instead of chasing these pumps! DCA into a coin you believe in! Don’t miss out chasing things and be caught saying that you knew that was a gem but you were to busy dicking around with sketchy projects to just buy back then what is a small fortune in the future!
Stellar is a very fast moving coin if you look at the history of price is tends to explode upward in a parabolic manner and slowly sell off before the next leg up. I think that next leg up is coming shortly. Stellar has smart contracts on a very fast network with much more decentralization than ripple.
I will be accumulating as much as possible below 50 cents especially around 20 cents. Don’t be surprised if you get caught waiting for a dip and it takes off. I think DCA is the way to go here because of the explosive nature of xlm’s price action.
Checkout my previous analysis on Xlm as well!
All Stellar Lumens XLM Broke Out The channel For Big MovePrevious broadening formation:
Previously on the weekly time frame chart, the price action of Stellar formed a broadening formation, and every time after getting rejected by the support it was forming higher than the previous high. But during the recent drop, the priceline of Lumens has broken down a very strong support structure of this broadening formation and now moving around the 50 simple moving average on the weekly time frame. After 50 simple moving average, there are also 100 and 200 simple moving averages strong support beneath the price action of XLM
Support and resistance levels:
If we take a look at the major support and resistance levels on the weekly time frame chart, then it can be easily observed that the priceline has been strongly rejected by the 70 cents resistance level. Ater $0.70 the price action broke down the different supports at $0.55, $0.45. $0.35 and $0.28 respectively. Now it is moving above $0.22 support level. During this recent downward rally, the price action has spike up to $0.20. Therefore, now the $0.22 cents resistance has been replaced by the $0.20.
Broke out the resistance of channel:
The price line has also broken out the resistance of a down-channel for a big move.
Big bullish Cypher move:
XLM also has formed a big bullish Cypher patter, I have already shared the details of this pattern in my previous article for more details you can visit the below article:
New broadening formation:
After breaking down the support of the previous broadening formation which was formed on the weekly time frame now the priceline of XLM has Formed another broadening formation on the daily time frame and moving at the support of this broadening formation. If the priceline will be reversed bullish from here and reach the resistance then it can move up to 80 cents.
Stellart XLM is going to take off🚀 300% possible easyNice opportunity to buy XLM right now. Here is why technicaly:
Price is oversold, under the cloud
Tenken and Kijun cross coming(That might be a first sign for trend reversal)
Chikou is pointing up
Watch on dates(GANN Pivots):
07.31
09.22
Stay sick guys!
XLM Surges After MoneyGram Takeover Rumour
Stellar Lumens surged by a strong 12% today as it surges to $0.25.
The push higher allowed XLM to climb above the 20-day MA and break a long-term falling trend line.
Against Bitcoin, XLM also pushed higher to 774 SAT and is back above the 20-day MA for the first time since May.
XLM surged a strong 12% today after rebounding from support at $0.2 earlier in the week. The push higher has allowed XLM to break a falling resistance trend line that was established at the end of May. It also allowed XLM to break back above the 20-day MA for the first time since mid-May (providing today’s candle closes around $0.25.
The surge occurred after the news circulated that the Stellar Foundation is planning on executing a takeover of MoneyGram. The acquisition was reported by Bloomberg, and it states that the money transmitter business would be bought by The Stellar Foundation in a partnership with Advent International.
MoneyGram, established in 1940, previously had an investment from Ripple after they acquired around 10% from a $50 million investment. However, the partnership was dissolved after the US SEC launched litigation against Ripple.
Stellar Lumens is now ranked in the 17th position with a market cap value of $5.78 billion.
Stellar Coin Price Analysis
What has been going on?
Taking a look at the daily chart above, we can see that XLM dropped beneath the 200-day MA at the start of June and established a solid downtrend from there. It had previously dropped from above $0.75 to reach $0.35 during the mid-May market capitulation that the entire industry experienced.
XLM dropped as low as $0.2 during June and rebounded from there toward the end of the month. However, it was unable to overcome the 20-day MA and continued to drop lower in the first half of July.
During this week’s BTC price drop beneath $30K, XLM fell lower to $0.2. However, the daily candles did not close beneath $0.212, where it found support at a .786 Fib Retracement level.
XLM rebounded from $0.212 yesterday and the 12% price hike today allowed XLM to break above a long-term falling trend line that was established toward the end of May. Additionally, XLM also managed to break above the 20-day MA. If today’s candle can close above the 20-day MA, this would be the first candle closing above it since mid-May, before the market capitulation.
Stellar price short term prediction: NEUTRAL
XLM is neutral right now, but a drop beneath $0.2 would certainly turn the market bearish. On the other side, it would possibly have to rise above $0.4 (200-day MA) to be considered bullish in the short term. However, a break above $0.3 would signal the first move of a short-term bullish rebound.
Looking ahead, the first support lies at $0.24 (20-day MA). This is followed by $0.212 (.786 Fib Retracement) and $0.2.
If the bears continue to drive XLM beneath $0.2, added support lies at 40.176 (downside 1.272 Fib Extension), $0.163 (downside 1.414 Fib Extension), $0.15, and $0.144 (downside 1.618 Fib Extnesion).
Where Is The Resistance Toward The Upside?
On the other side, the first resistance lies at $0.25. This is followed by $0.28, the 50-day MA, $0.285, and $0.3.
Beyond $0.3, additional resistance is expected at $0.339 (bearish .236 Fib Retracement), $0.35, $0.4 (200-day MA & 100-day MA), and $0.426 (bearish .382 Fib Retracement).
XLMUSD - Wave E Looks Complete - Heading For The Highs...In this video I give a quick update on this move which has been hanging around the same levels for the last month.
The count has been adjusted to include the latest price action.
Not your usual 5-Wave move to the downside in part due to the skewed alternation towards the lows.
This type of choppiness at the lows is typical of a Wave E but only serves as a clue as to what the whole pattern is.
Aside from the count not much has changed because AriasWave is focused on the larger pattern.
Small degree moves are effectively just noise unless you are trying to learn the waves.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLM Cup & Handle Target On the 1 month chart The XLM Cup & Handle Minimum Target hits the 0.61 Trend based fib extension exactly with a measurement taken from solid candle to solid candle from the base of the cup to the neck of the top of the cup.
The 1 month chart has RSI hidden bullish divergence, the candle closes in 10 days.
Major support level of 0.23 FIB level holding as of now after being rejected from the 0.32 FIB level
A clear indicator that the Trend based fib extension levels are being respected.
Thanks for looking!
🆓Stellar (XLM) July-16 #XLM $XLMThe selling still exists at the $0.24 zone and if XLM can't break through this zone, it will fall to the $0.20 or even $0.15 zone. But the $0.2 area is a very reliable support to buy in for the target at $0.32 and $0.4 in August after conquering the $0.24 zone.
📈BUY
🔴Buy : 0.195-0.205$. SL if B
🔴Buy : 0.235-0.245$ if A. SL if B
📉SELL
🔴Sell : 0.235-0.245$ if B. SL if A
🔴Sell : 0.235-0.245$. SL if A
🔴Sell : 0.315-0.325$. SL if A
🔵Sell : 0.39-0.41$. SL if A
♻️BACK-UP
🔵Buy : 0.235-0.245$ if A. SL if B
🔵Sell : 0.315-0.325$. SL if A
🔵Sell : 0.195-0.205$ if B. SL if A
🔵Buy : 0.146-0.154$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
XLMUSD UPDATE: Wave 2 Looks Complete, Let's Get Down To BusinessIn this video I explain what I have been doing during this last week in the lead up to this upcoming move.
The mid-term view has changed to indicate that the move up since March 2020 is not quite over yet...
Something bigger is coming.
If you haven't yet taken the time to learn the waves then once this next move happens you may want to begin...
There is so much more coming in these markets over the next few months that will really hit hard if you are not careful.
Knowledge is power because when it's all said and done you don't want to be left holding the bag.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
Stellar (XLM) - July 15Good morning?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(XLMUSD 1W Chart)
If the price is maintained above the 0.23438790-0.292616 range, it is expected to create a new wave.
If it declines from the 0.16420803 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
(1D chart)
If it finds support in the 0.20794233-0.26657249 section and rises above the 0.26657249 point to maintain the price, it is expected to turn into an uptrend and move up.
In particular, you should watch for any signs of an uptrend along the uptrend line.
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(XLMBTC 1W chart)
Looking at the big picture, it is expected that it will create a new wave when it rises in the 428 Satoshi-1288 Satoshi section, which is the bottom box section.
In particular, you need to break out of the downtrend line.
(1D chart)
We need to see if we can get support and rise by climbing to the 737 Satoshi-825 Satoshi section.
If the price is maintained above the 825 Satoshi point, it is expected to turn into an uptrend and rise.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Stellar Channelling Lower Towards June 2021 LowsDisclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Stellar (XLM) .
Trend Analysis
The main view of this trade idea is on the 2-Hour chart. XLM has been channeling lower in the short term with lower highs of 0.295 and 0.268 and lower lows of 0.2515 and 0.232. At the time of publishing XLM is trading near the middle of the lower trend channel.
Technical Indicators
XLM is trading below its short (25-SMA), medium (75-SMA) and fractal moving averages and its RSI is heading into oversold territory. Moreover, the KST confirmed a bearish move with a negative crossover.
Recommendation
The recommendation will be to go short at market. At the time of publishing XLM is trading around 0.2372. The medium-term target price is observed around the 0.197 price level. A stop loss is set at 0.266. This produces a risk reward ratio of 1.31.
Stellar Lumens XLM a big setupThe SMAs:
After the powerful bull run, the price action of Stellar dropped very hard and broke down the uptrend line support. This trend line was working as a long-term market structure for the price line of XLM. After breaking down this trendline support the price action moved at the weekly 50 simple moving average an at the moment it is moving around this SMA. After the 50 simple moving average, there are also 100 and 200 simple moving averages below the price line.
Support and resistance:
The price action of Stellar has a very strong support zone starting from $0.28 to $0.22. If this support zone will be broken down then the price action can move to $0.12 because there is no significant resistance and support between $0.22 to $0.12. Therefore, for the price reversal, it is very important for XLM to save this supports zone.
Bullish harmonic Cypher move:
On the 2-week time frame chart, the price action of XLM has formed a big bullish Cypher pattern. There is also 25 SMA support in the buying zone. As per the Fibonacci sequence the buying and sell targets of this Cypher pattern can be as:
Buy between: $0.3474 to $0.2248
Sell between: $0.4439 to $0.6757
The maximum extent of potential reversal zone $0.2248 can be used as stop loss. As per the above targets, this trade has a big profit possibility of 200%, and the high loss possibility is 36%, however at this time the risk is low as the price action is already close to the end of the buying zone.