STRBTC
BUY STELLAR - ABSORB PANIC + NISON STRATEGY SELL TARGETSBARS A & B ARE THE SAME LENGTH YET...
WITH 4X VOLUME, BAR B COULD NOT MAKE FURTHER DOWNWARD PROGRESS
HOWEVER...
NO LOWER SHADOWS AND REDUCED VOLUME SUGGEST A
LACK OF BUYING INTEREST ABOVE THIS SUPPORT LEVEL
LOSS OF BEARISH ENGULFING PATTERN SUPPORT...
SHOULD CAUSE PANIC SELLING INTO OPERATOR'S BUY ORDERS
ABOVE SIGNIFICANT PITCHFORK SUPPORT LEVEL
STEVE NISON'S PB&J (PULL BACK TO SWEET SPOT) STRATEGY SUGGESTS...
SELLING BETWEEN 1189-1290
PITCHFORK RETURN TO CENTER LINE THEORY SUGGESTS...
SELLING AT 1500
STR/BTC to zeroooo !!!- I'm remain bearish until this coin break the recent down trendline for a first sign of reversal, but before that happen.. i expect this coin to 30 satoshi or zeroooo!!! lol.
- Expect a bounce from one of the support fibonacci line on quick pace after it's prolonged seller pressure.
Indicators :
DMI : -DI is still on the rise, ADX is still above 25.
MACD : still no sign of reversal from buyer side. seller histogram is still building also the macd line is hover around bearish area.
MFI : currently in oversold condition.
peace..
Xlm/btc About to reverseStellar lumens forming a bottom with bull divergence on rsi, getting ready to reverse the trend. will also perform really good against dolar pair.
STR/BTC Dump Imminent
STR?BTC get rejected by SMA (simple moving averages) and previous up trendline which is very bearish for current trend. Right now, the price action is teasing to break the support fibonnaci line which if it cant hold or manage to get above that line. would be a devastating dump for this asset.
Indicators :
MACD is building it's seller histogram sign of the bearish trend is still continue while macd line and signal line move away from 0 line which is bearish.
DMI is bearish while dmi-(red) above dmi+(green). DMX is still relatively weak (below 25) and beginning to rising slightly.
just like calm before a big volatility will coming.
volume MA is still low.. calm before a big volatility
This chart will invalidated if the price action manage to get above the support around 1500 satoshi, prolonged sideway around recent fibonacci line area or reversal pattern is being formed which i dont see it for current timeframe..
Please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
4 Bullish Reasons For Stellar (XLM/BTC)I'll cut to the chase and say that I am bullish for Stellar in the short term.
Reason #1: It is my belief that Stellar found it's bottom and the recent bullish move that followed Bitcoin has only strengthened my opinion on this matter-
Reason #2: Looking at the charts we can see that this is a classic falling wedge formation. d.stockcharts.com
After a big move up not long ago we have stayed in this wedge formation and a move above the upper trend line would be very bullish.
Reason #3: Volume has increased in recent weeks and the volume is also showing a possibiliy of buying increasing in anticipation of a further leg up.
Reason #4: Bullish Divergence. On the MACD we can see that despite being in a falling trend we are showing bullish/positive divergence which is a key element to look out for when spotting a falling wedge formation.
Keep an eye on the top of that trend line, a break above could be very good for Stellar.
Happy Trading!
XLM/USD Looks GoodInverse Head and shoulder is sighted in chart and already poise to break out soon..
price action above EMA line which is a bullish sign
Indicator :
DMI :
DMI+ seems to fall off for a while DMI- is still in downward movement which is still good atleast for the bull for no pressure from seller. DMX is rising indicate a support for current momentum which is for a bull side.
MACD : although buyers volume beginning to show weakness. there's no divergence is sighted as the indicator it self made a higher high than the previous high along side with price action movement.
volume MA : neutral
EMA line almost made a golden cross Also for 1 day chart in near term which is bullish in my opinion.
For MACD as well. minor seller volume is beginning to shift into buyer volume, MACD EMA is almost do a crossing which create a signal buy.
from DMI :
DMI+ is currently is weaken also DMI- is still below DMI+ which is indicate bullish trend still in charge as momentum is being build up as DMX/strenght of momentum still above 25 level just flat lining. waiting for major buy volume to increase the DMX level to upside.
Volume MA : is increasing from last 10 day which is a good sign again for bull trend.
If, there's something goes wrong way, i expect 200 + 50 + 20 EMA as support along side with 0.236 fib as a support/consolidation price action around $0.127 - $0.121 .
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section as i like to hear a new things to learn from you too..
peace.
STR/BTC looks badBearish for short term after the price action broke from the potential bullish ascending triangle and being rejected by 20 and 50 EMA..
also it seems consolidating between yellow fibonacci 0.236 (daily/long term) and EMAs line.. some big move expected to be appear in the future either up or down.
MACD is looking bearish as it's could still continue to build up it's seller momentum.
i expect a next support around 1500 sat to be a next support 0.786 green fib (weekly fib) if it's cant hold the current support...
conversely, if the price action somehow manage to break above 20 and 50 EMA around 1700 satoshi. would be a bullish sign and might expect test 200 EMA around 1785 satoshi
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
STR/BTC Beginning to looks bullishGreen FIbonacci retracement from past recent lowest point on weekly chart
Yellow Fibonacci retracement from recent high and recent low on daily chart
White Fibonacci retracement from recent low and recent high on 1 & 4 hour chart
- MACD selling pressure cannot manage to continue for a while and creating a lower low instead since may 2019.
- EMA lines begin to converging with each other with a possible golden cross in near future..
- CMF is creeping upward into bullish territores..
- yellow line represent possible movement within ascending triangle, surely if the price could bouncing around 0.236 and 0.386 yellow fib for a long time could create a bullish flag if still bullish in near future.
right now it's testing 200 EMA line as a support in 4 hour.. if candle closes above 1900(50EMA in daily) is very bullish trends await.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
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/BTC potential plunge downward??doesnt looking good for Stellar/btc as the btc keep rallying/btc dominance rising..
broke a longterm trendline is a bad sign for str/btc ..
though the indicator is flashing a good buy. in term of past support/resistance..
Stellar didnt have much support nearby.. the nearest support saddly around 1500 satoshi..
but we will see what happen...
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.