Has Stellar Bottomed?Stellar Lumens, #XLM aka #STR, appears to be catching a bid here and breaking out of this extremely low volume sell off over the past 5 months, with today's and yesterday's session showing > 5x average daily volume.
Still early, but resistance is the 200 day at 3200 sats.
Stellarbtc
XLM weekly chart looks very good. Bullish breakout is imminent. XLM gave a green 1 according to Tom Demark count on the weekly chart. Stoch RSI is oversold on the weekly chart and MA7 level is broken. On the daily chart we have closed yesterday with a green 2 which is a clear buy signal. I expect a bullish breakout. First big resistance will be at weekly MA100 level which passes at: 2521. If it can break that level I expect the price continue to increase. You can find resistance and support levels on the chart.
Here is my trading idea:
Buy @ 2380-2410 TP1: 2500 TP2: 2700 SL: 2050
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
XLM Stellar Lumens buy zoneThis how u should waiting to make a buy or not buy.
Find support / Find Resistance / Find average movement zone and calculate % u could earn
Set ur alarm.
Make a test buy around support zone.
Set a stop loss -3% or keep power for a rebuy.
Keep an eye on BTC always.
don't blame yourself if u missed a buy, just wait for the next trade opportunity.
Patience always reward.
Happy Tr4Ding !
XLM gives a descent lookBITTREX:XLMBTC
Very quick update on Stellar...
Giving a nice look while attempting to make consecutive higher highs. Showing confirmed support/resistance flip at ~2230. 4H Stoch crossing bullish, RSI looks okay.
Target would be swing high around 2550 for a scalp play. Solid R setup.
Twitter @BuellerFund
XLM/BTCthis looks juicy....I think my chart explains my trading outlook on this coin....2100 seems like a solid entry point with the descending triangle inside a descending triangle.....possibly wait for confirmation of the break of 2130 prior support/resistance for ultimate protection but I think this is pretty bullish.... set a safe 5% stop loss at 2k ezpz
XLM/BTC Weekly OutlookHey Buds, today I'm taking a look at the weekly chart for BINANCE:XLMBTC . Been watching this chart for a while now and with today's price action the long term support box in blue has seemly been violated. If we get a weekly close below this box I expect a further drop in the XLM/BTC pair. This support box has been respected since the first week of April since last year which one would expect will act has a decently strong resistance if we drop by a hefty amount. If you're interested in this project and want to get in my opinion I'd wait for a better entry.
Cheers,
Chloster
Is XLM about to tank? ...or are we on the verge of a rebound? Since my last XLMBTC analysis, we broke down and have reached for my bearish targets. Currently, XLM is looking very weak. It looks like it's on the verge of a total wipeout. Below here, we do have some support in the 2500-2600 area, and then bigger support at 2000. However, we appear to be in a bit of a falling wedge, which is a bullish pattern. All throughout 2018, XLM did very well compared to a lot of other alts, but has only recently caught up in terms of lost value. This tells me that the year long pennant was probably distribution. This makes sense, since XLM is one of the coins that saw the biggest gains in 2017.
Even though this looks like it's going to break down, we could have a risky long setup here. It's very possible that the coin has simply been under price suppression and will explode upwards rather quickly. Daily RSI has been in oversold for a while and it hasn't bounced at all since the big breakdown, unlike other coins. XRP has behaved similarly, but has yet to make a new low in both USD and Bitcoin value. A while ago, I speculated that if any coins were going to challenge Bitcoin's market cap, it would be XRP and XLM. Recent price action has told me that the XRP and XLM bulls have vacated the scene....but is that really the case? Maybe they're just waiting. We've reached my initial bearish target of around $0.10. Maybe others have been eyeing this level. Who knows? The market looks pretty horrible at the moment, but sometimes when things look the ugliest, they turn around. Often the time you feel like giving up is the time to keep on pushing.
RISKY LONG:
Buy here or between 2500 and 2600.
Stop loss below 2500, although I don't usually use stop losses in this market if you're day trading, since stop hunts are very frequent.
If we go below 2000, this coin will take a long time to recover.
TARGETS:
3200
3500
3700
4000
5000+
POSSIBLE SHORT SETUP:
Below 2500 or 2000. I guess here would be a risky short, since we're already close to a major support.
Although the best short setup was really the breakdown of 3500. A lot more obvious.
This is not financial advice or a recommendation to buy or sell. I'm not a professional. I'm just a hobby analyst.
Good luck!
-Victor Cobra
Previous XLM analysis:
There is a trading opportunity to buy in STRBTCTechnical analysis:
. STELLAR/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002925 to 0.00002800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002925)
Ending of entry zone (0.00002800)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00003120
TP2= @ 0.00003190
TP3= @ 0.00003320
TP4= @ 0.00003480
TP5= @ 0.00003720
TP6= @ 0.00003950
TP7= @ 0.00004290
TP8= @ 0.00004720
TP9= @ 0.00004970
TP10= @ 0.00005700
TP11= Free
Big picture of Stellar
As you see XLM is at the bottom of its channel. I'm sure if BTC won't fall (which is the question that has no answer), than Stellar will fly to the upper channel. It means even if it makes half, it will be 20%, but if it makes it to the top, than over 50%. Bad thing is that it is under main volume accumulation area which is resistance now, and in case it won't get over XLM will crash to 1700 (over 40%). That is why always use stop loss.
I'm not bullish or bearish for XLM. I'm just seeing possibilities. And I will try to get maximum out of it with my SL safely covering my back.
A trading opportunity to buy in STRBTCTechnical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002990 to 0.00002840). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002990)
Ending of entry zone (0.00002840)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00003190
TP2= @ 0.00003320
TP3= @ 0.00003480
TP4= @ 0.00003720
TP5= @ 0.00003950
TP6= @ 0.00004290
TP7= @ 0.00004720
TP8= @ 0.00004970
TP9= @ 0.00005700
TP10= Free
XLMOption 1 Bearish 1-5 Impulse: Bottom at 2910-3040, ABC correction to 3310-3520
Option 2 (not shown in this chart): ABC correction finished around 3300, now could start a new 1-5 Impulse to 4310-4470.
Option 1 is more likely to happen due the presence of Falling Wedge structure (shown in the chart) and two H&S patterns completed (not drawn).
Educational
XLMBTC - HARD FORK - 9TH DECEMBERBuy Price: Green Zone
SL: Red Line
Profit: Blue Lines
Invest Suggestion: 20 Percent
Profit Expectations: 10 - 30 Percent
Looking at the chart of XLM, we could see all indicators pointing to sell it! But we have a hard fork on this coin on 9th December( this might causa a reversal tendency)!
Also, RSI is oversold!
Guys and Girls, this is a risky trade due to the majority of indicators point sell and due to BTC crashing, so, if hit the SL, SELL IT!
Sell when you get some profit, according the way you trade.
Keep following us and please like this idea.
Any doubts? Send in the comments or in our telegram or Inbox here.
Thanks for visiting.
XLM - Exploding in DecemberStellar (XLM/BTC) is looking incredible right now for the month of December due to both TA and FA. Let's start with the TA first.
Technical Analysis (1D Timeframe):
XLM/BTC has been holding a rising channel since September and looks like it is starting to bounce off of support at 3,600ish sats. Not only that, but RSI has reversed direction and there is a lot more buying momentum than sell-offs, even during these major market crashes. MACD is curling up and looking like it will have a golden cross, pushing some bullish moves within the next few days. Oscillators look like they are going to flip from negative to positive.
Fundamental Analysis:
There are two major projects set to release by 2019, meaning next month. The first is SDEX, a Stellar Decentralized Exchange which claims to offer some of the lowest fees out of its competitors. We saw what happened to BNB as Binance became popular. If this exchange picks up it has the potential to explode. Additionally, Stellar is testing their lightning network in a few days and plan a release in the next few months. This update is said to dramatically increase their scalability and usability.
Two big events coming within the next 30 days and technical indicators looking bullish within the next week. This is a GREAT opportunity that you shouldn't miss on.
My plans for getting into XLM/BTC are as follows:
Entry: 3,600-3,800 sats (some at 3,800 - more at 3,550ish)
Stop Loss: 3,500 sats
Target 1 (Short term): 4,100 sats
Target 2 (Long term): 4,800 sats
XLMUSDBuy Price: Green area
Profit: blue arrow
Invest Suggestion: 15 Percent
Profit Expectations: - 10 - 20 Percent
Looking at the chart of Stellar, I could see a pattern: the last two months, every time that currency, or closed or opened daily candle in fibo of 0.61, it had a great high that day or on the next days.
So, be ready to buy Stellar, it will touch fibo 0.61 !!!
If you are going to enter this trade, be sure to put your SL below that fibo 0.61 line, if the cadle close below that line, it will drop hard!
According the way you trade, sell when you get some profit.
Keep following your and please "like" this idea. Any doubts? Send in the comments or in our telegram.
Thanks for visiting.