XLM Forming Very Strong Long Term Structure
Hi, friends hope you are well and welcome to the new update on Stellar coin.
On 13 Dec, I shared an idea and showed how the Stellar can drop and complete the final leg of a bullish BAT pattern. Completion of this pattern was dependent on breaking down the 25 SMA on the daily chart. Finally, the price action broke down the 25 SMA and went very close to the potential reversal zone and reversed without hitting the PRZ level and recovered more than 172%.
Breaking out the channel:
On the daily chart, the price action of XLM is moving within a channel and at the moment it is breaking out the resistance of the channel. The priceline of XLM is also having good support of 25, 50, 100 and, 200 simple moving averages.
Different support and resistance levels:
On the long-term weekly char, different long term support and resistance levels can be seen easily. We can see that after breaking out the $0.12 resistance it is also breaking out the next resistance of $0.20. Before this, it was strongly rejected by the $0.20 level. Now it is moving to the next resistance at $0.30. Here on the weekly chart, the price action of Stellar also has good supports of exponential moving averages with the time period of 10 and 21.
A big strong bullish market structure:
On the long-term weekly chart, it can be easily seen that after breaking out the rejection trendline the price action of XLM has formed an up-trend line and now this uptrend line has turned to a parabolic move. Before every rally, the price action of XLM is using the exponential moving averages 10 and 21 as support.
Conclusion:
If we will have daily closing above $0.20 then soon it can breakout the $0.30 resistance as well. Because between $0.20 to $0.30 levels there is not major resistance in the long term.
Stellarusd
XLMUSD another big bullish reversal setupHey, friends hope you are well and welcome to the new update on Stellar.
Previous BAT idea produced more than 360% rally:
Previously we have seen that the stellar formed a BAT on the monthly chart and produced more than 360% rally.
Another bullish BAT formation:
A few days back I posted an idea that if on daily chart, the priceline will break down the 25 simple moving average then it may complete another harmonic bullish BAT move and now the 25 SMA is broken down and the price action is completing the BAT. For the completion of this final leg the price action of stellar coin needs to drop at least 25% more.
The priceline may re-enter in wedge:
The formation of BAT was started after breaking out from the rising wedge pattern on weekly chart. After the breakout the price action is re-testing the previous resistance of wedge as support, but I believe that the priceline may re-enter in this wedge for the completion of final leg of BAT pattern. We also have very good support of 50 and 100 simple moving averages below the potential reversal zone of this big BAT pattern.
On the daily chart, we have 200 simple moving average support at $0.10, which is also between potential reversal zone.
Conclusion:
Even though we have good supports and the formation of a bullish reversal pattern but we should use the potential reversal zone of the BAT pattern as stop loss to minimize the risk factor. Because if the price action will break down the potential reversal zone and the support of the rising wedge as well then it can move more down for the completion of harmonic bullish Crab pattern. And for this purpose the price action will need to move between 1.27 to 1.618 Fibonacci retracement levels.
XLMUSD forming big BAT | Upto 134% expectedOn the long-term weekly chart, the price action of Stellar (XLM) is completing final leg of bullish BAT and soon it will be entered in the potential reversal zone. There are also 50 and 100 SMAs supports below the PRZ level.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of BAT pattern should be:
Potential reversal or buying zone: $0.1021 to $0.0856
Fibonacci projection or sell zone: $0.1414 to $0.2009
Stop Loss:
The potential reversal zone area that is up to $0.0856 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 134% and as per the above-mentioned stop loss, the loss possibility is 16.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
$XLMUSDT - Stellar looks upwardsHello everyone!
Good to see the crypto market recover after a heavy downfall. When Global markets go to sleep, the crypto market which never rests shines.
Here is another very possible jump of one of the altcoins - Stellar Lumens XLM.
The pair has tested the lower edge of the expanding diagonal, hence should jump now to test the upper edge.
Stellar could be violentThis Dip was orchestred by SEC on 23 December againt XRP but also against the entire Crypto World, it means a lot about Governments wich want to control peoples psyches and scare them before end of the year. what a nice gift and what a better manner to reveal their ugly side. they could had wait end of festivity to rekt peoples.
As margin trader / Scalper i manage my own risks and use rebuy zones and Stop Loss, but i know some hodlers get rekt before Xmas and this situation make me dismayed.
Stay confident and strong because the future is bright in cryptos, its just the beginning and they will lose this war.
That said..back to trading :
XLM made a hard back so now, wait for this XLM Dayli Candle to close and look if you see an engulfing of the last day big red candle.
if this scenario not happens wait 1 more day to get a confirmation.
- a good buy Zone should be around 0.16$.
- Keep some Juice in case for a rebuy around 0.13$ ( Strong Buyers Zone on VP)
- TP1 Should be before 0.2$
- TP2 before 0.25$
- TP3 bedore 0.3$
i don't publish indicators to keep chart clear but i can tell you that XLM back could be violent as 1 Day is on the floor and ready to turn green.
Like Always keep 1 eye on BTC King!
Merry Xmas to everyone and Happy Tr4Ding !
Stellar lumens - Daily UpdateStellar - Daily
Bottom Line: Higher against 0.1192 ; in a developing (iii) wave at larger degree.
Outlook: Against 0.0667, the focus is on higher in a developing advance, wave (iii) of ((iii)) .
Analysis: We're watching for evidence a $XLM ended its wave ii correction at 0.0726 . A break above 0.1008 would bolster that outlook and setup a challenge of the next key level at 0.1192 .
Key Levels:
Below 0.0726; 0.0667
Above 0.1008, 0.1192
XLMUSDT (Resistance breakout)#XLMUSDT Technical Analysis Update
Resistance Breakout
XLM/USDT currently trading at $0.18600
LONG ENTRY level: 0.18600 to 0.18800
STOP LOSS: 0.18000
Resistance level 1( Target 1): $0.19500
Resistance level 2 (Target 2) : $0.20500
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
XLM can complete this bullish setup if 25SMA will be broken downOn daily chart , the price action of XLM is completing final leg of bullish BAT. The completion of this pattern depends on breaking down of 25 simple moving average. Otherwise, the pattern can be invalidated.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley pattern should be:
Potential reversal or buying zone: $ 0.1071 to $ 0.0909
Fibonacci projection or sell zone: $ 0.14612 to $ 0.2034
Stop Loss:
The potential reversal zone area that is up to $0.0909 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 123.7% and as per the above-mentioned stop loss, the loss possibility is 15%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
STELLAR - Intraday Update - 12/06/20 (Short-term) STELLAR - Intraday Update - 12/06/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
Breaking above $0.23179 is the next upside objective for the bulls.
Outlook: A fifth wave rally is in its early stages.
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.
XLM / USDT wait for clear BreakoutXLM / USDT
🌟 Techincal Analysis 🌟
The price after recent massive pump start to consolidate and volume dropping
These are normal signs before every big move of the price
Market on edge of both way and in senstive area
dont try to guess the way up or down
Alot top tether coins show this pattern now
wait the clear Breakout confirmation before entery
And if you are already on the market ...then the price shouldn't close below this pattern
If Breakout upward happened
the targets are around 0.22$-0.25$ (Weekly R)
If breakdown below
targets are around 0.13400-0.11 area (weekly S)
Please have a plan before trading and use stoploss
Good luck and happy trading 🌹
XLM Perfect TriangleEverything in graph. H2 Timeframe.
1. we have Bullish Pennant Pattern formation
2. we are supported by EMA50 (Orange Line) H2 TF
3. we are on top of Daily pivot
Scenarios :
1. bad
Breadown this pattern and XLM will back around support 0.15ish
2. good
Breakup this pattern and fly to 0.25ish Resistance 1 and retrace
3. very good
Breakup this pattern and fly to 0.30ish Resistance 2 and retrace
So now we just have to follow King BTC moves to see where Stellar is leading us.
in any of this cases i recommend you to be patient in that kind of area and wait for a Breakdown or Breakup to enter any position.
Happy Tr4Ding !
XLM Can Hit $0.20 Within November 2020Hey friends, hope you are well and welcome to the new update on Stellar coin.
Another bounce from the support of wedge:
As in my previous post we have seen that on weekly chart, the priceline of XLM coin was getting bounced from the support of a rising wedge and had a strong resistance of 100 simple moving average.
Now the price action of Lumens is again moving up because after hitting the 100 SMA resistance it went on the support again. This time the 100 simple moving average is moving down and entered in candlesticks, now we can expect that soon 100 SMS will completely cross down the price line to provide a firm support. The 50 SMA is still working as strong support underneath the support level of wedge.
Now is the priceline will move up to the resistance then it can hit $0.135 to $0.14 easily. But if the Stellar coin will break out this level then an imminent move can be observed up to $0.20 (as per measurement of space between the tail of wedge to the support and placing it at the recent resistance level).
The indicators and oscillators:
If we take a look at the indicators and oscillators then on long-term weekly chart the RSI is still in uptrend and MACD has turned weak bearish from strong bearish soon it can turn bullish as well. Now we can wait for momentum to turn bullish or atleast weak bearish from strong bearish for further movement to the upside.
The price action found firm support above $0.08:
On the daily chart it can be observed that the price action of XLM has found a firm support above $0.08 having good support of 50 SMA as well. At the moment the price action is trying to breakout the 200 SMA. If the price action will breakout 200 simple moving average and 50 SMA will move up and form a golden cross with 200 SMA then a strong bullish divergence can be triggered because this golden cross can invite many professional traders to jump in to Stellar coin.
Ichimoku cloud turned bullish:
On daily chart the Ichimoku cloud has turned bullish, but the candle sticks did not cross up the bearish cloud so far. In fact the candle sticks are struggling to breakout the bearish cloud, but the lagging span and conversion and baselines of Ichimoku cloud indicator have given bullish signals therefore we can expect a breakout from the cloud soon.
Conclusion:
Even though the indicators are turning bullish and the XLM coin has strong support on weekly chart but I will be using the support of wedge or atleast the 50 SMA on weekly chart as stop-loss because if these supports will be broken down then a strong bearish move can be seen.
XLM/USDT - Beautiful trend line.Beautiful trend line.
Open a deal after a breakdown of trend support.
General trend is descending. It is logical to trade in the direction of the trend.
Dear followers, the best "Thank you" will be your likes and comments!
These ideas are not a channel with signals and I do not give recommendations on the entry/exit points.
In my reviews, I provide analytics - those data that help model potential options/scenarios for price movements
Thanks for your support!
Stellar XLM fast analyseThis analyse is simple , everything is in chart.
Now Stellar still jumping on his support trend but still staying under BTC dominance.
- Buying zone is now
- Selling zone TP1 0.1$ ( Retest 61.8% Fibo)
- Selling zone TP2 0.15$ ( only if we get confirmations of a strong break out)
- Stop Loss is under 0.065$ if you buy now ( Also could be a good buy/rebuy Zone if the king dip again)
- i consider 0.065$ as a strong support cuz XLM bounced mutiple times from here.
Don't Forget to always follow BTC and drop shitcoins if BTC dip!
Never go all in. keep some juice for a rebuy or wait for a good zone if something went wrong.
Happy Tr4Ding !
PS : i will link my old analyse on XLM to make things clear.
This Can Be A Big Hurdle For Next RallyHey friends, hope you are well and welcome to the new update on Stellar.
As in my previous post we have already seen that the priceline of XLM was bounced from the support of rising wedge pattern on weekly chart. The price action also had a good support of 50 simple moving average as well. The 25 and 100 SMAs also formed bull cross that helped the price action of Stellar to start this rally. Now at the same time the 25 and 100 SMAs are also working as a strong resistance for candlesticks of XLM coin. If the price action won’t able to cross up these resistances of SMAs then it can again move down to the support.
On the weekly chart the stochastic oscillator is still in bull cross and this bull cross was formed after visiting oversold zone. The moving averages conversion divergence (MACD) indicator is still turning bullish.
On the daily chart the price action of XLM has started its move between an up channel. At the moment the price action is again at the support of this channel after getting rejected by the resistance. The priceline of Stellar is also using exponential moving averages 10 and 21 as support. Therefore we need to keep an eye on the support of this channel. Because is this support will be broken down then the priceline might move back to the support of rising wedge on weekly chart.
Conclusion:
Even though the price action had a very nice bounce for the support of rising wedge pattern but we should keep an eye on the 100 SMA resistance on the weekly chart. Because if the price action will be rejected by this resistance then the price action can move back to the support. And in case of breaking down the support a big market structure for XLM will be broken down.
XLMUSD | Big Move Is Triggered For November 2020Hey friends, hope you are well and welcome to the new update on Stellar.
The price action has started the formation of handle of the Cup & Handle pattern that I also showed in my previous post as well.
Previously the candlesticks of XLM coin broke down simple moving averages with the time period of 25, 50, 100 and 200. But now after turning bullish the price action of Stellar has again broken out all these SMAs only 100 simple moving averages is left to be broken out.
On daily chart since 1st week of Aug 2020 the price action was moving in a down channel. Finally the price action has broken out the resistance of this channel with massive buying volume. Moreover the exponential moving averages 10 and 21 also have formed bull cross with each other and providing good support to priceline of XLM that can be the big reason to increase the bullish momentum.
In my previous articles I have been showing a rising wedge pattern that is formed by the movements of candlesticks of Stellar coin on weekly chart. Finally the priceline has bounced from the support of this wedge pattern. The stochastic has given bull cross from oversold zone and MACD has also started turning bullish. Now we can expect a move up to the resistance of wedge very soon.
Conclusion:
There are many signals favoring that the bullish momentum has been started and will be increased soon. Like breakout of the channel on daily chart, the cup & handle formation and the support of rising wedge. However the support of the rising wedge is the basic market structure for XLM at the moment therefore we should keep an eye on this support.