Break the resistance!Yesterday XLMEUR has been flirting with the resistance level at 0,255 cents (around 0,30$). I would like to see that this resistance is broken so that higher levels come into play. Some good news on XLM vs USD support on Binance and Bittrex should help.
Today :
range between 0,245 and 0,27
new resistance levels will drawn in the weekend, expect around 0,28 and 0,30
XLMBTC between 3800 and 3950
RSI remains high
BTCUSD should sometime recover and drive the Alts up
Have a great day
Stellarbtc
Stellar Lumens Ascending TriangleWelcome back Apostles!
I posted a Stellar Lumens chart a while back calling a ascending triangle but I tried to draw it before price found support so I got Rekt lol.
Now comes the updated Version!(Check out my previous STR update for a laugh)
I recently posted a chart for EOS and the C&H pattern it is accumulating in.
For this chart I will now talk about another very profitable Bullish continuation pattern I see form inside crypto regularly called an, "Ascending Triangle."
Ascending Triangles are a bullish accumulation/continuation pattern that happen before a strong bull move on the upside.
In this ones case we just broke out of previous ATH and have now found support on top of the previous market cycle or previous ATH.
Last summer I watched multiple coins accumulate in this pattern before prices exploded giving us traders a perfect, "Alt Season."
Once prices break out of the top resistance of the Ascending Triangle this pattern will be confirmed so be on the watch!
Below, I will update with some examples of this patterns history inside cryptocurrency markets.
God Bless, JolleyCrypto
Stellar Lumens XLM:BTC Analysis, LONG (Bullish w/ Caveats)XLM currently in an interesting position following a long-term trend of higher lows and a short-term trend of lower highs.
However, the mid-term trend is still higher highs with the start of a correction after an extended fall from ATHs. Combined with the fact that the long-term support trendline of higher lows has been tested many more times and held consistently, I'm reasonably confident in taking a bullish stance.
The rangeXLMEUR was recovering nicely yesterday when the whales attacked again. Imo some exchanges need more oversight. This dumping is not helping this industry. I expect more of these attacks and more side ways trading until we have some really good news
Today
We trade the range 0,23 to 0,25
Support resistance of 0,255 needs to be broken first for higher highs..
Recovery or small correction?Yesterday markets suddenly recovered. Yesterday I mentioned that the RSI was so low that a nice buying opportunity existed, but it was so short!
So what's next for XLMEUR?
range between 0,23 and 0,26 eur
support at 0,2550 eur needs to be broken before we can go higher
XLMBTC, level around 3800s
RSI will remain high
Good luck folks!
Weekend duf...Weekend duf: nothing exciting to mention for crypto markets. XLMEUR has been traded around 0,24 / 0,25 the last days. For higher highs we need to break the support line at 0,25. RSI levels remains relatively high between 50-60. Sathosi wise XLMBTC is now trading at 3881 and it would be good to see this going back to 4k.
Expectations for this weekend
IS: Neutral
XLMEUR: between 0,23 and 0,26
XLMBTC: 3700 and 4100 sats
What would be good:
If we break the 0,26 and slowly move up again.
Jed announcing some new projects
However: the BTC whales will probably attack to push BTC below the 7k mark.
I am going to enjoy the sun this weekend
Have fun!
Hitting support!XLMEUR back up to the support level around 0,25. Looking forward to see if it can break it and move further up (or not). RSI levels are quite high, so I am not so sure. If those BTC whales attack again we could be testing 0,22 again. More likely scenario is that we go higher... but on what? I am missing the good news lately. Fill me in please!
Stellar could go UP soonCoin of the day is Stellar
During Bitcoin stagnations, traders look for alternative coins, big and backed by real usage, which could be in the future without Bitcoin.
Technology that uses blockchain to power payment systems sounds exactly like the one that will be useful in the future.
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation.
At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked. In the aftermath, Stellar co-founder Joyce Kim claimed this was a flaw in the Ripple protocol, but this statement was challenged in a blog post by Ripple Labs CTO, Stefan Thomas. The Stellar Development Foundation then created an updated version of the protocol with a new consensus algorithm. The code and whitepaper for this new algorithm were released in April 2015, and the upgraded network went live in November 2015.
Latest news:
23 May - Jed McCaleb, comments on SatoshiPay partnership with The Register and giveaway of 1000000 XLM to users as a free bonus: “This is an exciting moment for Stellar and the cryptocurrency community as a whole, as it represents one of the first mainstream uses of blockchain payments in reaching millions of consumers. We’re proud to be powering SatoshiPay, helping make micropayments faster and cheaper than ever and thereby bolstering the publishing industry in its quest to unlock additional revenue streams in the new digital age.”
15 May - IBM To Use Stellar For Its First Crypto-Token On A Public Blockchain. Developed in partnership with carbon credits startup Veridium Labs Ltd., the "verde” tokens will be issued on the Stellar blockchain, and are designed to give enterprises that pollute the environment a way to offset that damage by supporting a patch of Indonesian rainforest.
Technicals
XLMBTC chart shows a double bottom pattern at 0.000035 level, which coincides with 100-days EMA. Reversion in nearest term at this level fit into a continuation of the Aprils uptrend scenario. Bearish Trend Line, which bounds correction pattern from 2018.05.01 have to be pierced to approve reversion and beginning of the growing cycle. 100-days EMA and 0.000035 level should stay supportive for the take-off scenario. After piercing of Bearish Trend Line, the next target will l be 0.00004 level.
Fudcovery?Yesterday markets were driven down by FUD... Yesterday when XLMEUR was around 0,22 cents RSI levels were so low that a nice buying opportunity existed.
Overnight markets recovered. XLMEUR remains around 0,25
I have neutral view at the moment. XLMEUR is mainly following crypto markets at the moment.
XLMBTC Bittrex 1D up to 23MAY18 Crypto Trading Analysis (TA)BITTREX:XLMBTC
1D Chart, also works on 4H, at this time Stellar Lumen (XLM) is testing by second time SUPPORT ZONE 2 (0.000035 BTC) since May 12, gaining strength to move towards RESISTANCE ZONE 1 (RZ 1) around 0.000044 BTC (Target 1). The 50, 100, 200 MA already crossed up on May 12 pushing a respectable Green Candle, the Volume is decreasing -BUY SIGNAL- (Red Arrow) and the MACD and the Stochastic RSI Index are both diving aproaching deep waters (Yellow Traffic Light Arrows), we could spect the XLM price to move upwards in the next hours. But remember, this is our optimistic approach, keep in mind that is plenty of possibilities to witness a reverse from any point at any time. At this time the Market Cap is facing a sell off that sent it back to the 349 Billions losing 40 Billions in the last 48 hours and BTC was sent back to the $7.8K line. Good Luck!
1D Chart, también funciona en 4H, en este momento Stellar Lumen (XLM) está testeando por segunda vez SUPPORT ZONE 2 (0.000035 BTC) desde el 12 de mayo, ganando fuerza para moverse hacia RESISTANCE ZONE 1 (RZ 1) alrededor de 0.000044 BTC (Target 1) . El Indicador 50, 100, 200 MA cruzó sus señales de 100 por encima de los 200 Dias el 12 de mayo empujando una respetable Vela Verde, el volumen está disminuyendo -BUY SIGNAL- (Flecha Roja) y el MACD y el Indice estocástico RSI están ambos buceando acercándose a aguas profundas (Flechas Amarillas de Semaforo), podríamos observar el precio de XLM avanzar en las próximas horas. Pero recuerde, este es nuestro enfoque optimista, tenga en cuenta que hay muchas posibilidades de presenciar un retroceso desde cualquier punto en cualquier momento. En este momento, Market Cap enfrenta una caida que lo devolvió a los 349 Billones perdiendo 40 Billones en las últimas 48 horas y BTC fue devuelto a la línea de $7.8K. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
XLM | Stellar next move XLM broke out Triangle Pattern
XLM can a lot of percent will go up
We can three zone buy order
(1) 46xx
Zone order (2) IF XLM broke out zone support 4500 - 4600
XLM can go down to zone buy order (2)
(2) 43xx
Zone order (3) IF XLM broke out zone support 4200 - 4300
XLM can go down to zone buy order (3)
(3) 37xx
We share buy order to three zone buy back. Because if market crash we can btc Which will we buy more and more
Good Luck Everyone
Thanks
Yes, time for change of directionYesterday I realised that it's time for change. So I had a look at the chart and thought... it's time that we move up for a while. We have tested the support level twice and now we are slowly moving up.
My 3 week view
BTCUSD: 10k
XLMBTC: 4300
XLMEUR: 0,36
RSI: remains in 40 to 60 band
IS: from Neutral to Long
Not sure if this materialises, but would be nice if BTCUSD would test the 10k level in the comings weeks.
Have a good week!
KR, TP
Weekend!The nice thing about crypto currency markets is that they trade 24/7. I have not sent an update since Thursday morning. 2 things: again XLMEUR is following my channel. Furthermore the support level is clearly confirmed. We have now reached the rocket to the moon. But will it lift off?
I have no clue to be honest. We have traded side ways and down for 3 to 4 weeks. I think it is time for a reversal. But when?
My IS would is moving to Long. Hopefully we can reach Satoshi level 5000 is a couple of weeks!
A new day, a new chartSo XLMEUR deserved a new chart. I revised the channels to the new reality and revised the support aka bounce a bit lower
For today:
XLMEUR to hover between 0,27 and 0,29
XLMBTC to float around 0,00004000
Expect to trade within the down trend channel
RSI to remain in the middle
Until? who knows!
Bouncing againSo the whales have attacked again causing a couple percent drop. BTCUSD back to 8168 at the time of writing this episode.
My thoughts for XLMEUR for today:
- remain above the bounce area
- recovery again to 0,30 cent to the Euro
- remain above 4000 Sat's and climb to 4100 Sat's
If not, we need to think about a new trend going down faster than anticipated..
time will tell
Have a Stellar DayThe chart is a boring in the sense that StellarLumens follows Bitcoin. Satoshi wise the price is hovering around 4200.In my view not much new to add: we are trading side ways and following the path I drew on the 10th of May.
The only good news I can think of is that inflation has been paid today ;-)
Oh an besides the charts please read this: www.lumenauts.com
have a stellar day!
Stellar/Bitcoin 4hr Binance...Waiting For That Sweet SpotHello all. While Bitcoin struggles in a No Trade Zone, I have been quietly following a few of my favorite coins to trade. And Lumens is def one of them.
When we hit our targets and take our profits, we look for reload opportunities. Then we step back and look for that risk/reward we love so much.
I have received feedback that my charts can become quite cluttered. For this I apologize, but that is what is takes. With this TA I will focus on a broader look at Stellar Lumens, with only a few basic indicators to help those follow a but easier.
TA Time:
Lookin back at Lumens, we had great runup from some technical pivots and a classic double bottom. Although I do have a bullish and bearish count, I have my eyes on the 50 retrace, under the assumption that we have completed a 5 wave series. I am looking for subdivision in this obvious correction, 3 waves down. I may trade the B wave if I get confluence for higher prices. Until then... I sit and wait
Educational for all...
--longmoney
STELLAR LUMENS: MARKET RECOVERY = 16.58% PROFIT!!! IN 24 HOURS!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of May 2018.
Using this buy in point and selling at today's peak price, you would have expected to net 16.58% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
March 8: Stellar announces a partnership with Keybase (who have created a general set of cryptographically secure tools (chat, file storage, git)
March 19: Stellar notifies intention to integrate lightning network into its protocol.
March 22: Kik notifies intention to use Stellar as a platform for their KIN tokens.
April 17: Novatti Payments (Stellar's anchor partner) integrates with Stellar's blockchain platform.
April 27: The MobileCoin ICO a Binance backed ICO that uses the ‘Stellar Consensus Protocol’ to facilitate mobile payments. Stellar is able to get a foothold in the mobile payment market allowing users to send and recieve money through instant messaging services. This provides publicity to Stellar as a platform for initial coin offerings (to compete with Etthereum as a platform for ICOs)
April 27: Lumenette mobile wallet that allows users to send Lumens to anyone on their personal contact list via phone/email
(NEW) May 1: Bitfinex (cryptocurrency exchange) lists Stellar Lumens
(NEW) May 12: Morph Wallet supports Stellar Lumens.
(NEW) May 12: Chinese government announced the introduction of a blockchain rating system and now the 28 projects that will be rated are known. One of these projects is Stellar .
Analysis reveals that a combination of these developments (especially with Bitfinex listing Stellar) together a broader recovery in the broader cryptocurrency markets has led to increase in the price of Stellar .