Stellarlumens
XLMUSD 100% gain opportunityThis trade is aimed at longer term holders. The market in all crypto's has shown a very strong start to 2019 with 5 clear impulsive waves up. Thus an ABC has followed and it is extremely likely that another 5 waves up will now follow. This is possibly the best opportunity to get into crypto as XLM has nearly reached the 0.618 retracement of wave 1. The target is taken by multiplying wave 1 by 1.618 and adding this distance to the end of wave 2. The alternate count is that this will be a Zigzag (5-3-5) which still forecasts 5 more waves up.
This is not financial advice as always, and this is only for research purposes. I am not responsible for any losses you may incur. Trade safely and stick to your stop loss!
Possible Ascending Triangle Forming After being rejected from 200 EMA and now currently Testing trendline that already been established since October 2017.
it's a crucial support in order to maintain the price level above 2200 satoshi if it broke.. expect a major downfall since there's few support in play from the past time...
if we look closely we also inside the Ascending triangle, if the recent price action manage to bounce back within triangle. although it known as bullish pattern. it will be interesting how it's will plays out because ascending triangle also can failed and play to be a continuation for a bear trend to keep maintained. expect a volatility in this coin soon.
Support :
2200 satoshi
1560 satoshi
Resistance
+- 2550 satoshi
+- 2800 satoshi 200 EMA area.
Nothing Looks Bullish About XLM...HmmmmIt's true. Nothing looks good about the XLMBTC chart. Even looking at the XLMUSD chart, we're still trapped in the bearish channel, unlike many other cryptocurrencies, including ETH. That's pretty nuts. Here's the USD chart:
Zoomed in on the daily with a couple possible scenarios:
In my opinion, XLM is primed for an AMAZING trading opportunity. A lot of money will be made if it breaks down OR if it breaks out to the upside. Since the market has generally been bullish, my bias is to the upside (hence posting this as a long setup), but on the Bitcoin chart it has a long way to fall (all the way to 1300 if 2000 does not hold).
On the XLMBTC chart, it looks undeniably bearish. It couldn't even hold above its broken downtrends (light blue and red), even on massive buying volume (circled in green). That buying volume is important though. It means A LOT of people bought XLM when it was at that point in time. Remember, it was still well below 10 cents there. Holding above 11 cents is still fairly bullish. If it continues to hold, and we push above the channel resistance, it would complete a massive inverse head and shoulders pattern, as you can see in the chart I posted above. This is why I added the XLMUSD chart to this analysis, as it tells a bit of a different story. Just as LTC, ETH, NEO, and many others broke out of their bearish channels, I see no reason why XLM can't do the same.
For XLM to break down at this point, there will have to be a fundamental reason why it is not deserving of value. Seeing as it has just as much speculative value as many other coins that have been doing better, I see it as currently undervalued. I could be very wrong though. The next stop if XLM breaks the long term ascending support (purple) is potentially the bottom of the channel (red X), and the 5 cents zone. From there, I would look for the final bottom, if we have not seen it already.
This is not financial advice. This is something I've been looking at for a while. XLM has failed to remain as bullish as I had been expecting (and as such is one of my worst calls), but that doesn't stop me from wanting to analyze it and nail this thing down once and for all.
At the bottom, you can find the analyses where I called the breakdown from 3500 all the way to 2000, as well as suggesting that we had found a bottom when XLM was near $0.07, and that it also meant that the rest of the market had possibly bottomed. Even though the rest of the market outperformed XLM, this indicator turned out to be true, for the time being.
-Victor Cobra
IBM and Stellar Are Launching Blockchain Banking The fundamentals look good. The technicals look good. I am a fan of Stellarlumens (XLM) here. Refer to chart for some key notes. Basic candlestick support and resistance is identified.
Most importantly Stellar is testing a major resistance in a cup and handle up-trending pattern currently. Popcorn ready.
Is Stellar getting ready for that big pump?Nothing flashy here. I am just comparing XLM's 2017 cycle with the current one. Even though the duration/ horizons are different, the principles of market psychology stay the same.
We see an aggressive sell-off initially over -80% followed by a first period of consolidation leading to the final sell-off (around -70%). Stellar seems to be on final stage of the current consolidation and if history repeats itself, I am looking at an aggressive pump soon. Not as aggressive of course as on the 2017 cycle as that would take XLMUSD near its All Time Highs, which is currently unrealistic. But who can rule out 0.20 (double the increase of the previous pump just like the 2017 sequence)?
How soon? Well I can't time that due to the difference on the cycles' duration but my fair estimate would be 1 - 3 months.
What do you think? Is it unrealistic to expect 0.20000 within 3 months? Are you even more optimistic maybe?
Let me know in the comments section!
XLMBTC Stellar Lumens LongHey there guys its Brian here. Currently XLM is gonna reach support level soon on the daily chart. Not yet a good time to buy in but once we start to see it get into the oversold territory then it could possibly bounce off from there. We are going to want to see XLM bouncing off the support and potentially buying in there with stop loss below the support and if it starts to make higher lows, it could be a very good buy.
Stellar XLM softly but surelyStellar is one of the coin wich didnt suffer a lot in this bear market,
and now is paying back to have been so strong in 2018.
it's just meaning that XLM is late.
Monthly Timeframe still go down.
Weekly Timeframe is Flat and ready to go up.
Daily Turning Green.
Making Highers Highs.
Volumes turning green.
First Target 2690ish.
Second Target 2890ish.
XLM is a strong coin and a sage invest at this point, if you are patient.
As before it can turn strongly bullish at any time.
Happy Tr4Ding!
Stellar XLM reached (temp) bottom? Part 3 H&SPrevious analysis:
Looking very good now, XLM' bulls have been waking up again and finally seeing some volume and real movement again. So we broke up from that small triangle on the right and are following the blue line scenario since we broke up strong through that red resistance. Since we are back in the channel chances are increasing that we might test the resistance of that channel and maybe even break up if the market can hold this trend the coming weeks. That big red zone will be the next challenge.
The former blue resistance is the low point from now on, ideally we stay above the 0.087x
That blue zone held perfectly during the Feb dump and has been the low point since. Now assuming Bitcoin' will continue it's rally coming weeks, XLM' might have another rally in store for us as well. Think it might drop a little bit more coming days to form support for a potential right shoulder. I want to see the green support around 0.105 hold. A break of that zone would endanger the whole bullish scenario. Doen's mean a crash will happen, but the bullish momentum will decrease a lot. The resistance around 0.13 has been a tough one for a few months now, so we want to see volume increase a bit during the move up of the right shoulder. If the bulls can manage that, we want to see it shoot straight through that red resistance with some high volume along with it. A slow and small break of that neckline, is not something this market will be able to hold IMO.
Previous analysis:
Stellar Lumens (XLM) vs. Litecoin (LTC)Hello everyone!
If Bitcoin can remain stable, XLM may follow LTC from analysing this potentially powerful fractal.
Stellar Lumens is currently testing a horizontal S/R flip + confluence with the lower channel trendline and this provides us with an ideal entry with good risk-reward.
Enjoy!
Axsonex Team
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One order of XLM iH&S, pleaseMy last post said, BUY XLM referencing a weekly chart. Still do it. Look at this daily chart, massive IH&S is forming. We will get a push to at least 18 cents, consolidate and most likely get a larger push to the upside. This will take months to form up.
For the record, I will lay out exactly where I bought. I bought at 10 cents, 11 cents, 12 cents, and .127. I have been reverse laddering and buying into strength. My average price is in the 11 cent range and I am going to hodl this one for quite some time and forget about it. Make sure you are in position. We break this 14 cent area and we will push much higher.
Happy Trading and hodling,
-Sherem
XLM Holds The Downtrend Resistance As Support!Another one of my favorite coins, and I've been using it in my trading challenge. I'm due for an update on that, but I'll post it separately. In my main portfolio, I've been slowly accumulating a little more XLM (added 20% to my stash through trading recently, using profits from ENG, BAT, and LTC).
In my trading challenge, I redistributed from NANO yesterday and I also added some to my main portfolio at 2406 when I saw it hold the high 2300 area like a boss. As long as we don't break back below that downtrend line (light blue), I think XLM should pop up towards the main triangle resistance from the bear market (between 2900 and 300), and if that breaks, head up towards 4200-4300 (triangle support from the bear market). Daily stoch has flatlined on the bottom as well. A giant breakout here would complete an ENORMOUS inverse head and shoulders pattern (drawn on this chart).
Additionally, if XLM moves convincingly above 13 cents, it'll be safe to say that the downtrend is PROBABLY over, and we should head back towards 18 cents pretty quickly, as there was little resistance between there and 13 cents on the way down (just like what happened with Bitcoin between 4.2K and 5.3K.
Doesn't have to play out exactly like this, but we'll see. Links to previous XLM analyses are below, including the ones where I called the breakdown from 3500 to 2000, as well as the rise from 2200 to 2900. I also suggested that if XLM rallied hard off that bottom, the whole market would likely be on its way towards a reversal.
This is not financial advice, and I'm not a professional financial advisor. What you do with your own money is up to you. You should always follow your own reasoning, but gathering insight from different sources can be helpful.
-Victor Cobra
Looking for big moves in big caps now through to mid summerTarget should be near the 44 range on a blowoff top, refer to LTC and BTC for sentiment/ prediction