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.
Stellarlumens
#XLM $XLM / BTC DAILY ANALYSIS #STELLAROBV has broken its parabola on the daily
I still think that it is just a fake out based on how far it is sitting outside of the BBands on the Weekly
Double bounce off of the S2 pivot
Bullish div on volume / price action
RSI testing area before it last bounced
Last flush before turning bull? We will see soon
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
XLM after shake outAfter this brutal Shake out, it looks like XLM found out his bottom around 1400ish in corellation with December 2017 rally.
if BTC repump hardly we could see 1150ish but anyway right now it worth a try to re-enter markets.
i didn't show indicators simply because everything is oversold.
Follow closely BTC King for now and stay Safe.
Happy Tr4Ding !
Valari Bot Feedback XLM/ETH BUY ON 04/07/19Hello everyone,
The second trade the bot has active is XLM/ETH.
At this point, XLM is testing lows so it might take another 30-60 days to exit this position, considering the fact that this account was supposed to be a long term long I im really bothered right now.
P.S XLM is going to 0, don't long it unless you have a tight stop 2% max.
All the best
$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.
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!
XLM/USD - Day chart - potential +90%XLM looks like its completed waves 1 and 2 on the day.
looking for wave 3 to my target zone.
f you've found this useful, feel free to donate. thanks.
BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
Stellar Lumens Hits A New Low, Can Go Lower!Stellar Lumens (XLMBTC) just hit a new low today marked by 1.618 Fib. retracement support from the last bullish wave.
Looking at the structure of this chart, it is easy to see that XLMBTC can go lower before moving up.
Feel free to hit like... And let's continue...
Few points to take into consideration:
Trading volume is really low, so this drop is coming to an end soon.
The light green area (and green arrow) is the most likely scenario right now in my opinion.
Bullish divergence is starting to show up on the MACD.
The RSI is reaching oversold (30 weekly).
The future is bright, green and beautiful. After a strong wave down, an even stronger wave up will follow... So we are seeing a great opportunity in the making.
What's your take on Stellar Lumens, do you like this project?
Please share your thoughts in the comments section below, and make sure to leave a like if you want to see a full trade for XLMBTC once it completes its retrace.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
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.