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.
Stellarusd
$XLMUSDT - Stellar looks upwardsHello everyone!
Good to see the crypto market recover after a heavy downfall. When Global markets go to sleep, the crypto market which never rests shines.
Here is another very possible jump of one of the altcoins - Stellar Lumens XLM.
The pair has tested the lower edge of the expanding diagonal, hence should jump now to test the upper edge.
Stellar could be violentThis Dip was orchestred by SEC on 23 December againt XRP but also against the entire Crypto World, it means a lot about Governments wich want to control peoples psyches and scare them before end of the year. what a nice gift and what a better manner to reveal their ugly side. they could had wait end of festivity to rekt peoples.
As margin trader / Scalper i manage my own risks and use rebuy zones and Stop Loss, but i know some hodlers get rekt before Xmas and this situation make me dismayed.
Stay confident and strong because the future is bright in cryptos, its just the beginning and they will lose this war.
That said..back to trading :
XLM made a hard back so now, wait for this XLM Dayli Candle to close and look if you see an engulfing of the last day big red candle.
if this scenario not happens wait 1 more day to get a confirmation.
- a good buy Zone should be around 0.16$.
- 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.
XLM An inverse Cup & Handle formation at the support of wedgeHey, friends hope you are well and welcome the new update on Stellar.
On long term weekly chart the priceline is still at the support of rising wedge and every bearish candle stick is appearing smaller than previous bearish candle, that is clear indication that the sellers are getting weaker. The 50 simple moving average is also working as strong support below the candle sticks and the support of wedge.
The price action of Stellar has broken down all SMAs with the time period of 25, 50, 100 and 200 and now likely to consolidate with 200 simple moving average. The 50 SMA has formed bear cross with 100 SMA and moving more down to form death cross with 200 SMA.
The priceline of XLM is likely to complete the handle of the Cup & Handle pattern. The resistance of the Cup is at $0.067. During the completion of handle we can expect an upward move but after completion a rally to the down side can be started. The price action of XLM also has price level resistance at $0.115.
On daily chart the price action is moving in down channel. In moon phases indicator new dark moon is appeared above support of channel and new full moon is at the resistance. The volume profile is showing less interest of traders from resistance to support of channel and the point of control of volume profile is also at a big distance from resistance of channel.
Conclusion:
The priceline is having the very strong support of wedge and 50 SMA. The formation of the inverse Cup & Handle is also a bullish signal. But we should use the 50 SMA on the weekly chart as a stop-loss because if this SMA will be broken down then another rally to the downside can be started. Even though there is an expected death cross between 50 and 200 SMAs on daily chart but the support of 50 simple moving average may work as stronger support than this bearish signal of death cross.
XLMUSD | Indicators are turning bullish at support of WedgeOn long term weekly chart the price action of Stellar is still moving in a rising wedge. Even though the candlesticks have spiked beyond the support of wedge but there the 50 simple moving average has provided strong support. This SMA can be helpful for priceline to save the support.
On daily chart the priceline has broken down 100 and 200 simple moving averages. But after breaking down 200 SMA the indicators are turning bullish. For example the moving average convergence divergence MACD and stochastic indicators are turned strong bullish and momentum is turned weak bearish from strong bearish.
On daily chart the price line of XLM is also moving in down channel. The volume profile of the complete channel is showing very weak interest of the traders at the level where the priceline is moving at the moment. In moon phases indicator the new full moon is also appeared at the high altitude from the resistance of the channel. Therefore the priceline is trying to break out the resistance without touching at the support.
On the daily chart the price action has also entered in the potential reversal zone of bullish butterfly and moving up from here.
Conclusion:
The price action has formed rising wedge on weekly chart, even though this pattern is considered as bearish reversal according to most traders. But due to strong support of SMAs and BAT move on the daily chart we can expect a rally to the upside atleast up the resistance of rising wedge.
XLMUSD can have bullish reversal from support of rising wedgeHey friends hope you are well and welcome to the new update on Stellar coin. In my previous article we have seen that the XLM was having strong support of 100 simple moving average, then the priceline started more bearish move and at is time it is breaking down the 100 SMA support. Now the priceline of XLM coin is at the support of rising wedge pattern. Even though the rising wedge is considered as bearish reversal pattern among the traders community but there are some optimistic indications I have observed. Now I am going to share these indications with you in this article and after watching these signals you can understand why I am in favor of bullish move rather bearish.
The SMAs support and the directional movement:
As you can see that I've also placed the simple moving averages with the time period of 25, 50 and 100 on this long term weekly chart. After breaking down the 100 simple moving average the price and has a strong support of 25 SMA the same time it is moving above the support of rising wedge pattern as well. I am not expecting that the 25 simple moving average support will be broken down but in case it will be collapsed then the priceline has 50 simple moving average strong support and the price action can have a bullish reversal from this support as well. If we take a look on the bollinger bands indicator then the lower bands of the bollinger bands is below the support of the rsing wedge pattern therefore the price action has more cushion to drop more down. But the simple moving averages will stop the price action to reach up to the support of Bollinger bands. Now if we take look at the directional movement indicator then the positive direction indicator is still above the negative direction indicator in the ADX is up with the value of 26 that is strong bullish sign on the weekly chart.
For the people who don't know about the directional movement indicator I would like to tell them that whenever the blue line that is a positive directional indicator is above the orange line that is negative direction indicator then it is considered as a bullish or buying signal. When we have the orange line that is negative directional indicator above the blue line that is a positive directional indicator then it is considered as bearish or sell signal. The ADX shows the power of bears or bulls. For example at this time we have the positive directional indicator above the negative directional indicator therefore the ADX is showing the power of bulls or buyers but if we would have the orange line that is negative directional indicator above the blue line that is the positive directional indicator then ADX would be showing the power of bears or sellers.
Different moving averages, indicators and oscillators on the daily chart:
Now if we switch on the daily chart then it can be easily observed that after breaking down the 100 simple moving average the price action is consolidated above the 200 simple moving average and now it is likely to move up from here. Here we should keep in mind that the priceline of Stellar is also having the support of the rising wedge pattern and the 25 simple moving average on the weekly chart as well. The moving average convergence divergence indicator (MACD) has turned weak bearish from strong bearish and if we take a look at the momentum indicator then it is also burned weak bearish. The stochastic indicator also has given bull cross from the oversold zone. Therefore all almost all indicators have started turning bullish on the daily chart.
The bigger picture and pivot points:
Now I would like to show you more bigger picture on the monthly chart.The protection of XLM was moving in a down channel and from the month of September 2019 the price action started moving sideways then it formed a double bottom and moved up and reached the 25 simple moving average strong resistance level. Here we also have the pivot point on the monthly chart. I have also placed the volume profile on the complete price action moving within this channel and up till so far. It can be easily observed that the point of control of the volume profile is at $0.07 Therefore the price action is moving around this point. It can be also observed that where the price action formed the double bottom at that level we also have the pivot 1st support on the monthly chart. Therefore we can consider this level as the final support level for the price action of Stellar.
Conclusion:
Even though the price action of XLM is moving in a rising wedge pattern. But it is having very strong supports are the different moving averages on the weekly and on the daily chart. At the same time priceline has strong support of the rising wedge pattern as well. Sofar all the indicators are turning bullish on the daily chart. But the further bullish move to the upside depends on the continuation of this bullish momentum.
Is This Drop A Bear Trap Or Correction For New Rally ???Hey friend, hope you are well and welcome to the new update on Stellar coin. The price action of XLM is moving within an up channel since after the mid of March 2020 and I am following this channel since then. The priceline of Stellar has broken down the support of this channel two times. At this time it can be clearly seen that the price action is out of the channel and has broken down the support before this the priceline of XLM broke down this support in the month of June 2020 but re-entered in channel very soon. I've also placed that directional movement indicator. And it can be observed that the -DI has crossed up the +DI that is the bearish signal. But the ADX of directional movement indicator is down its mean that bears are taking control but they are still weak.
The 100 SMA can be used as support:
Now if we watch the movement of the price action with the combination of this channel and the simple moving averages then it can be noticed that previously in the month of June 2020 when the priceline broke down the support of this channel we had the recent support of 100 simple moving average below the price action. The priceline of Stellar used 100 simple moving average as support and re-entered in the channel again. At this time after breaking down the support we have again the 100 simple moving average as recent support below the priceline, therefore we can expect that the price action will be moved at least up to 100 simple moving average that is at $0.085 at the time of writing.
This re-test can lead to a powerful rally to upside or downside:
Now if we switched to the long-term weeky chart and place the 25, 50 and 100 simple moving averages. Then we can notice that from April to May 2020 the price action broke out the 25 and 50 simple moving averages and in June 2020 the priceline of XLM re-tested the previous simple moving averages with the time period of 25 and 50 as support and started the next rally to the upside. Now the price action has broken out the 100 simple moving average and this time it is retesting the 100 simple moving average as a support like it has done before. Therefore this movement of Stellar is very important. Because if this retesting will be successful then XLM can start the next bullish rally to the upside. But if the price action will be failed to retest the 100 simple moving average as support then we can observe a further down side rally up to the 25 and 50 simple moving averages. These moving averages are almost at $0.06 at the time of writing.
Different support and resistance levels:
Now if we watch the different support and resistance levels on the daily chart. Then it can be clearly seen that the priceline of Stellar has been rejected by the $0.11 resistance. After the rejection the priceline broke down the 10 cents resistance level as will this time it was working as a support. At the moment the price action is at the support of $0.09. Now there are two possibilities one is the priceline may start the formation a new parallel channel between the $0.09 to $0.10. Second If the $0.09 support won’t be retained then the price action of XLM can further move to the downside at the support of $0.065.
This Big Harmonic Move Can Lead The Stellar To Achieve Highest Price Ever:
At the end, I would like to recall a very big BAT pattern that has been formed on the monthly chart by the priceline of Stellar. This is a kind of repetitive move as the price action of XLM formed BAT previously in the year of 2017 on the weekly chart and produced more than 4000% bullish rally. Same as like that move the price action has again formed another bullish BAT. At this time the pattern is bigger than the previous one. Therefore we can expect more powerful bullish rally on the long-term. But realistically as per Fibonacci sequence of bullish BAT the targets can be as below:
Potential reversal or buying zone: 0.110 to 0.059
Fibonacci projection or sell zone: 0.23 to 0.41
Conclusion:
As the price action is retouching the 100 simple moving average on the long-term. It can be e a very positive gesture but on the other side it can be a very critical as well. Because if the price action will successfully retest the 100 SMA then definitely there will be a powerful bullish rally, but if the 100 simple moving average will be broken down then a powerful bearish to the downside can be started. Therefore it is very important to keep an eye on the movement of the price action above this moving average.