Rejected on Fibonacci Retracement. Strong short.Stellar has followed the Fibonacci pattern modeled after Bitcoin recent retracements as it was rejected on the 0.618 (0.3534) level. As expected the previously overbought 4H/ 1D strength index weighed on therejection. The price is already on the 2nd straight bearish 1D candle and we are still shorting XLMUSD on every retracement. 4H is now neutral (RSI = 50.739) but on early bearish indicators (Highs/Lows = -0.0016, B/BP = -0.0057) calling for a MA100 test = 0.26288 - 0.24744. Shorting again, TP = 0.21987.
Stellarusd
A trading opportunity to buy in STRUSDTechnical analysis:
. STELLAR/DOLLAR is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
. The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. If you missed our first HUNT, you have a second chance to buy above the suggested support zone.
. There is still a possibility of temporary retracement to suggested support zone (0.23 to 0.18). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.23)
Ending of entry zone (0.18)
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 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:
New Take Profits:
TP1= @ 0.31
TP2= @ 0.40
TP3= @ 0.46
TP4= @ 0.66
TP5= @ 0.74
TP6= @ 0.96
TP7= Free
We opened 7 BUY trade(s) @ 0.18415803(day close price) based on a reversal candle ( Hammer ) at 07.12.2018 in our suggested support zone (0.23 to 0.18).
Total Profit: 75022783
Closed trade(s): 12584197 Profit
Open trade(s): 62438586 Profit
Closed Profit:
TP1 @ 0.31 touched at 03.21.2018 with 12584197 Profit.
Open Profit:
Profit for one trade is 0.28822234(current price) - 0.18415803(open price) = 10406431
6 trade(s) still open, therefore total profit for open trade(s) is 10406431 x 6 = 62438586
All SLs moved to Break-even point.
A trading opportunity to buy in STRUSDTechnical analysis:
. STELLAR/DOLLAR is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
. The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. If you missed our first HUNT, you have a second chance to buy above the suggested support zone.
. There is still a possibility of temporary retracement to suggested support zone (0.23 to 0.18). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.23)
Ending of entry zone (0.18)
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 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:
New Take Profits:
TP1= @ 0.31
TP2= @ 0.40
TP3= @ 0.46
TP4= @ 0.66
TP5= @ 0.74
TP6= @ 0.96
TP7= Free
We opened 7 BUY trade(s) @ 0.18415803(day close price) based on a reversal candle ( Hammer ) at 07.12.2018 in our suggested support zone (0.23 to 0.18).
Total Profit: 75022783
Closed trade(s): 12584197 Profit
Open trade(s): 62438586 Profit
Closed Profit:
TP1 @ 0.31 touched at 03.21.2018 with 12584197 Profit.
Open Profit:
Profit for one trade is 0.28822234(current price) - 0.18415803(open price) = 10406431
6 trade(s) still open, therefore total profit for open trade(s) is 10406431 x 6 = 62438586
All SLs moved to Break-even point.
A Stellar RecoveryXLM quickly broke through all the barriers that had been holding it back and the price rose substantially.
To top it off - even as BTC has pulled back - XLM has not seen the correction.
We are moving sideways at .31 - it appears like we will in the near term - bump up to .36 where we either continue to climb or we pull back to .31 again.
The case for buying for Stellar has always been strong - but its performance during the last few days has shown confidence in the asset - and amazing returns from a "top 10" coin.
XLM is still very much a buy at this position - the market is begining to look bullish again and that can only bode well for XLM.
A big dayBecoming Sharia compliant: wow. Does it change anything for us? No... but it gives potential access to another 1.6bn people on this earth. Yesterday we witnessed one of the biggest days for XLM in the last 6 months. Now let's consolidate and rise slowly back to old and new high's.
Today:
Confirmation of the new range 0,24 to 0,27?
Breaking 4000sats?
BTC breaking $7500?
Fingers crossed!
New Resistance Rejection. Strong Short.Stellar Lumens was again rejected near the 0.2200 Resistance, forming another Lower High on the 1D Channel Down (RSI = 37.212, Highs/Lows = -0.0058, B/BP = -0.0294). It is possible to have a recurring pattern (eclipse) on 1H (Channel Down), which will soon break 0.171167 and form a support base (and quite possibly a Rectangle) near the TP = 0.1515. 4H is already on strong enough bearish RSI = 32.551 and STOCH = 28.918 levels to sustain the downtrend on XLMUSD.
Stellar’s (STRUSD) bear channelMarch 18, 2018 till present date is captured in this 4hr tf analysis for Stellar (STRUSD) with a bear channel currently active since ~April 28, 2018.
The summary of this post is that no buying should occur until the bear channel gives way to bullish momentum that should see Stellar (STRUSD) breakout of the current bear channel.
Failure to break out of the channel could see Stellar (STRUSD) test the bottom of the channel at ~0.1502. The width of the channel shown by the vertical blue arrow can be used to calculate the price level where Stellar (STRUSD) is expected to encounter a wall of sellers should price break above ~0.2231.
Slight deviation but still rejection on the 1D Lower High. ShortStellar broke the 4H Rectangle but remained neutral (RSI = 52.265, STOCH = 49.594, Williams = -51.639, CCI = -11.5511, Highs/Lows = 0.000) as it got swiftly rejected on the Lower High (yellow lines of the two previous Lows) of the 1D Channel Down (RSI = 42.713, MACD = -0.016, ROC = -11.578, B/BP = -0.0014). As long as 1W remains bearish (Highs/Lows = -0.0426, B/BP = -0.1409, Williams = -89.166), XLM should hit the TP = 0.1515 on the next 4H Channel Down.
XLMBUSDT: Perfect Zone for a LongXLM has entered the lower bounds of its descending wedge vs. BTC and is hovering near the support zone vs USTD. This coin has a hard fork in its future (August) and an implementation of the lightning network (October - December). One of its key investors is the CEO of Stripe - which was just licensed to start working with cryptocurrencies. We expect great things from this coin in the long term.
Buy from: 0.165 - 0.175
Target 1: 0.196 (top of the descending wedge) -- reinforce on breakthrough
Target 2: 0.236
Target 3: 0.298
Target 4: 0.371
La resistance!Markets went up yesterday driven by some crypto news from mr Jack. XLMEUR spiked to 0,208 and then started to tumble again below 0,20... hodl
Today
fight for 0,20 and XLMUSD to remain above 0,23
XLMBTC fight for 3500
when o when does BTCUSD recover to 7,000?
the new uptrend channel is approach fast? Did I forecast correct?
Hang in there!
More FUD and a new chartMarkets continue to trade downwards. Why? I have no clue. Technically for me it's simple. It's nice time to accumulate.
For you a new chart with another new lower support level at 0,1727. Be patient!
Today
We trade up, side or down? Range between 0,19 and 0,22
RSI will probably go-up
XLMBTC: recovery to 3500-3800 range?
Enjoy
New uptrend channelI have drafted a new uptrend channel with some new resistance lines. XLMEUR has been recovering nicely and it looks like we have successfully broken the 0,255 resistance over the weekend.
Today
range between 0,26 and 0,27
RSI to remain in the between 55 and 70
XLMBTC to trade around 4000s
resistance levels around 0,28 0,313 and 0,325
but watch out for those whales..
Have a nice day!
Break the resistance!Yesterday XLMEUR has been flirting with the resistance level at 0,255 cents (around 0,30$). I would like to see that this resistance is broken so that higher levels come into play. Some good news on XLM vs USD support on Binance and Bittrex should help.
Today :
range between 0,245 and 0,27
new resistance levels will drawn in the weekend, expect around 0,28 and 0,30
XLMBTC between 3800 and 3950
RSI remains high
BTCUSD should sometime recover and drive the Alts up
Have a great day
The rangeXLMEUR was recovering nicely yesterday when the whales attacked again. Imo some exchanges need more oversight. This dumping is not helping this industry. I expect more of these attacks and more side ways trading until we have some really good news
Today
We trade the range 0,23 to 0,25
Support resistance of 0,255 needs to be broken first for higher highs..
Recovery or small correction?Yesterday markets suddenly recovered. Yesterday I mentioned that the RSI was so low that a nice buying opportunity existed, but it was so short!
So what's next for XLMEUR?
range between 0,23 and 0,26 eur
support at 0,2550 eur needs to be broken before we can go higher
XLMBTC, level around 3800s
RSI will remain high
Good luck folks!
Weekend duf...Weekend duf: nothing exciting to mention for crypto markets. XLMEUR has been traded around 0,24 / 0,25 the last days. For higher highs we need to break the support line at 0,25. RSI levels remains relatively high between 50-60. Sathosi wise XLMBTC is now trading at 3881 and it would be good to see this going back to 4k.
Expectations for this weekend
IS: Neutral
XLMEUR: between 0,23 and 0,26
XLMBTC: 3700 and 4100 sats
What would be good:
If we break the 0,26 and slowly move up again.
Jed announcing some new projects
However: the BTC whales will probably attack to push BTC below the 7k mark.
I am going to enjoy the sun this weekend
Have fun!