Get started

Stellarlumens

Stellar Finally Breaks The Bearish Channel! (XLM)Aha! So the dip below the long term ascending support was a fakeout after all. I posted a few bearish ideas recently, giving an idea of what could happen if the market failed to recover here. However, it's fairly clear at this point that the market is recovering. Today we had some pretty insane gains for altcoins - gains that have not been seen in quite a while. Congrats to those who have been buying throughout the bear market. Odds are, if you have been DCAing, you're finally seeing some profits! On the XLMBTC chart, I pointed out that XLM had hardly any support until the 1300 area after it broke below 2000. Despite the selloff on the Bitcoin ratio, XLM remained relatively stable in its USD valuation. Additionally, the buying volume when XLM was in the 7 cents zone was so powerful that it was clear to me that a lot of demand existed down there --- in which case I thought it likely that was the bottom on its USD chart. This is why I did not sell. I also posted an educational analysis about why the selloffs on altcoins could be bear traps. These were low volume selloffs that simply had to do with Bitcoin's rise. People were not necessarily trading their altcoins much. That "terminal shakeout" analysis is linked at bottom. Anyway, XLM is simultaneously breaking out of an enormous inverse head and shoulders pattern AND its downtrend channel. Based on the bullish momentum of the market, this should not be taken lightly. This perfectly explains the massive buying momentum once the $0.137 level was breached. Further targets are illustrated on this chart. The next resistance is in the 18 cents zone, and above that there's 30 cents. However, just as Bitcoin smashed through 6K and 7K, it's possible XLM heads straight up and smashes through that whole consolidation zone as if it didn't even exist. That was the accumulation area for many months, so there may actually not be much sell pressure once we make it there. I guess we'll see. On the downside, if the support is broken again (currently near 12 cents), and if we break back into the bearish channel, that would be a bad sign. So far, there's no reason to assume this will happen. On the contrary, it seems more likely that XLM could make an attempt at its all-time-high sooner than expected. This is speculation and based on my own opinion. This should not be taken as financial advice. -Victor Cobra
BITTREX:XLMUSDLong
by VictorCobra
The Stellar OpportunityWith BITFINEX:BTCUSD screaming high above $8k, we've seen most alt coins lag quite a bit. Most performances have been pretty bismal, but I think things may be about to turn around if we can see Bitcoin cool off here. One coin that grabbed my eye was BITFINEX:XLMUSD . I did some chart analysis and it seems to have reversed trend giving us a great set up with good potential upside of around $0.30 for my near term target. I entered a trade at $0.11 Case for the Bulls: Strong bounce off of supporting trendline Clean break out from suppressing trendline First bullish sign from Lazy Bear Indicator Bitcoin showing upside Case for the Bears: General Altcoin market conditions may not yet be ready Case for this to be a bull trap Overall, as long as we hold the supporting trendline, we have an uptrend. All we must do is buy the higher lows and protect our capital in the event of a reversal. Nothing fancy here, just good ole trend trading. Cheers.
BINANCE:XLMUSDLong
by micahjmiller
Potential H&S forming on XLM/BTC. Watch these key areas.Potential H&S forming on XLM/BTC. The next day should tell us what we need to know and whether a reversal of the bearish trend will happen. With BTC gaining a lot in the last few days it has made trading tough and a lot will depend on BTC performance but if we can break through that neckline and climb to 1500 sats then we may see a quick climb. Keep your eyes on the charts as falling through the 1375 area would negate this trade and the H&S formation. As it is we are very close to the tip of the second shoulder if one is to form. Good luck out there
by TheMagpie
1
$XLM - LONG - 1D - TRADE IDEA- Watching this one closely looking for a bullish reversal structure to form before entering - either a nice double bottom here or a break below and reclaim - RSI is oversold but that doesn't mean shit as far as I'm concerned it helps build bias and that is all, especially at an untested support. - Really am expecting this zone to act as support and very confident on buying here. Its is an OB back from December 2017 that has never been test and was the dump prior to XLMs huge run - Take 75% of profit at 2170 SATS and watch for 2326 to break and act as support to be honest.
Long
by CrypToSpac3mAn
1
Stellar Lumens Ready For a 10X!!!Welcome back! Today I wanted to go over stellar lumens because I see massive profit potential coming very soon. This was a coin I already made lots of money on back in the last cycle and I see the EXACT same set up happening right now. DONT MISS OUT! This idea will give you an in depth analysis on XLM and what I see happening in this cycle moving forward. Based on Market Cycles I have successfully traded this pattern sequence for serious profits. This sequence has 3 parts that I call, "Blow Off Top, Accumulation Distribution, and Final Sell Off." Many top alts follow this pattern which is why I expect them to make us serious returns moving forward. Let's dive right in and show you what I mean!
SLong
by UnknownUnicorn846565
14