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XLMUSD Is this its Cycle Top??Stellar (XLMUSD) is picking up the bullish sentiment today having just completed a Golden Cross on the 1W time-frame. Last time we viewed this (November 01 2024, see chart below), we gave a strong buy signal, which paid off immediately: Having failed to cross above the Lower Highs trend-line though, we are now more concerned as the last 1W Golden Cross (March 01 2021) was formed just 40 days before the Top of the previous Bull Cycle. As long as the price trades below the Lower Highs trend-line, the probability for a new bearish move is strengthened. What is also supporting this is that the 1W RSI resembles the pattern of both the May 2021 and January 2018 Cycle Tops. At the same time though, it is quite similar to the May - September 2017 RSI pattern, whose XLM price action was nothing but a Bull Flag that after touching the 1W MA50 (blue trend-line), rebounded aggressively above the 1.618 Fibonacci extension slightly to form the Jan 2018 Cycle Top. As a result, we recommend to resume buying only if the price breaks above the Lower Highs trend-line and target 2.2500 (the 1.618 Fib extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:XLMUSDLong
by TradingShot
1
XLMUSD Accumulation almost over. Look for a 1D MA200 break.Stellar got rejected at the end of December on the 1D MA200 (orange trend-line) and that stopped the rebound from developing into a full rally sequence. That is the Resistance to beat if XLM wants to see a new bullish phase. Practically the pattern from late June until now seems like a giant Accumulation Phase and both in price action and 1D RSI terms is similar with that of April - November 2020. It was a 1D Death Cross (MA50 crossing below the MA200) that started the Accumulation Phase and another that priced its bottom and ended it. The Golden Cross (MA50 crossing above the MA200) was formed on the peak of the first price rally, so it just confirmed it. Right now XLMUSD is coming off that second Death Cross, so we can argue that the bottom may already be priced in. The confirmation however will come in my opinion once the 1D MA200 breaks, so if you don't want to risk buying now, then buy upon a break-out. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:XLMUSD
by TradingShot
3
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!
BITTREX:XLMUSDLong
by TradingShot
1