STRBTC
Oversold condition. Target 4400.I think we just loaded enough longs for future growth. This drop was expected. Typical situation when the instrument consolidates in some area and drops just before the growth to push people who are doubting or entered position in a wrong time to close their positions and quit this trade.
There is no actual pattern which will push us higher. But this area 3500-3400 is perfect for reversal.
It is usual for Stellar to reverse after strong drop without any pattern or consolidation.
Also, there is a chance to build H&S on RSI indicator.
I would like to see strong buy and crushing 4000 without any additional consolidation.
What I would not like to see consolidation around 3500-3400.
If we fails to push higher to the previous levels you a free to quit the trade with a low risk.
Remember we want to see some momentum.
If we will not reach 3450 the entry point moves to 3700.
AS much as it hurts to say, XLM still has room to fallHi again, I really didn't expect such a dramatic fall in BTC recently so my prediction of buying XLM at 0.195 ended up being wrong For that I apologise.
What I expect from here is BTC to fall a little further over the coming days and weeks and with it the rest of the cryptosphere. 0.08c is a strong support for Stellar but not a lot in between unfortunately. Ideally I would be looking to buy a little at these targets
T1: 0.135
T2: 0.12
T3: 0.8
Remember, a bottom can only be called many weeks or months after the fact. Don't believe anyone who says this is 'definitely' the bottom.
This is not trading advice just an example of how I will trade this mother. Have fun and be careful out there.
Bollinger Bands for DummiesA quick look at bollinger bands on the STRUSD chart (Stellar on Poloniex).
Hope you find this helpful.
Cypher pattern. Target 4030Chart is self explanatory.
Also you can see a bearish flag patter or triangle. So we may see a good momentum acceleration after crossing 4300.
Stellar (XLM): A look at basic TA on a daily timeframeXLM on the daily looks a little bearish now.
RSI starting to drop, MACD momentum is evening out and I expect a crossing over in the few days. The first red candle has appeared since October 1st.
Unless we see a big rally I can see us slipping further down as outlined in my last analysis.
XLMUSD, My buy area is from .195-.210As I've mentioned in my last TA, my buy area is in the .20-.21. I actually already have buys set at .195 in case they are triggered but I'm not sure if we'll dip below .20.
RSI is oversold on the hourly. BTC continues to fall which is bringing the XLM price down with it. A strong performance by Stellar means that XLMBTC continues to impress although there has been a selloff at 4700.
If you have your money in fiat I would watch this space closely.
As always this is what I will be doing personally but it's not trading advice. Have fun out there.
XLM, wait on better positionBased on RSI and MACD, plus BTC recent movements I will be waiting until a drop into the 4000-4200 range before entering a long with Stellar.
I will be looking to buy back in at 0.20-0.21 USD which would mean a fall within this range (unless BTC breaks upwards which I consider unlikely).
I will update this chart regularly.
This is not trading advice, just my own personal idea and thoughts. Safe trading out there.
Long term view. (6 month trading plan). Target 2650Seems like we are going to follow this picture while Bitcoin will continue downtrend.
We may expect trend reversal around 2650.
Short term correction. Target 4300We have dropped very fast right to the strong resistive zone.
So now we should see correction to the 4300.
For anyone shorting XLM now, be carefulI have closed my previous trade
at 4140. RSI on the hourly plus a look at previous consolodation period was my reasoning behind this. If you continue to short XLM it may make sense but I am just making this update to show what I am doing. Do you agree or disagree? Let me know
Have fun trading out there and be careful.
Short Term Forecast not good for XLM (Stellar)RSI suggests XLM was overbought. I have entered a shirt at 4400 and I expect to close at the 4100 mark where we may see a short revival.
Targets are as follows:
1: 4100
2: 4000
3: 3800
From 3800-3900 I will be entering a long again.
Disclaimer: This is not trading advice, just what I plan on doing.
4100 resistance is key for XLM. Wait for opportunity to buy.The 4100 is proving a tough resistance to crack. I expect to see us falling back before a retest of the 4100 area. A bounce off this again would confirm a triple top for me and I would take this opportunity to sell. Buy in the 3800-3900 range and below (if possible).
Indicators point to XLM falling but overall trend is bullishQuick simple chart for you here. Overall news has been great for Stellar and it seems as though XLM is great for a long term hold. Indicators suggest we may fall a little more although I would be very wary about shorting. Personally I believe the smart money would be buying once this dip is over and holding until the 4100 mark.
Yours Truly,
Tragic Shit
XLM-XbetBy Crypto Vanga Sygmals.
Green is a Buy Red is a Sell.
Resistance can turn support and vice versa.
100% 777.
Continuation of past Trade Analysis. XLM outperforming all altcIn my previous TA I suggested a strategy of buying below 3600. This would have resulted in very nice profits in the short term although long term I am still looking at 4100 as the next point of strong resistance. Bitcoin pushing through 6500 would be very bullish for Stellar, we would most likely bounce of first resistance at 3900 before pushing past to 4100. At this stage I would take profits.
Have fun out there.
Stellar: bullish forecastAccording to Elliott waves, the instrument is currently moving in the ABC corrective zigzag. After completing the C wave, I expect the price to continue rallying within the new Bullish cycle.
