STRBTC SHORT ascending Broadening wedge setup failing to touch the resistance is a sign of a bearish market.
Ascending broadening wedge is a bearish pattern most of the time
the lack of volume is a bearish sign.
Target ~4580
* there is also a small RSI divergence ( higher oscillator low, lower price low)
STRBTC
STR SHORT UPDATEThe head & shoulder pattern is starting to be more identifiable.
The volume is lowest on the right shoulder which is a good sign for H&S. Lets hope it breaks the neck line.
I reopened my short position at ~4800. Its not something i recommend but i have a good feeling about this.
XLM (STR) HAS A GOOD POTENTIALXLM has also a nice volume. If you have already bought it , dont sell until 5500
STRBTC added to etorro STR has been added to etorro exchange but i don't think the hype is going to last. coins get news all the time, they spike up and then they come down hard.
I thnk this is the case with STR today. The way the market looks these days, i think shorting is the way to go .
Why you dont bag hold $STRStellar is a coin I like to shit on regularly, but for all the right reasons. Its a giant flag forming on the daily filled with lower lows. Unless there is some sort of dramatic break out, improvement from the devs, or mass adoption, this thing is going in the toilet.
Stellar has the same problems as XRP unsurprisingly. The higher it goes, the more expensive it is to use. In XRP, your clients arent poor farmers, so stellars problems are exacerbated. Long term, unless there is mass adoption coming this year, this is going to fail just like XRP.
You arent cool unless you are shorting $STR $LMN with meStellars been plinking off the 200MA for the past month. No reason to say it shouldnt do it again
Stellar support and resistance0.00004 level played a support role at 2018.02.02 and pushed the price upwards. Unfortunately Stellar did not manage to break above the strong resistance 0.00005, and it went down slowly.
0.00004 support level located slightly under the 61.8% Fibo of the January uptrend. And if we evaluate current bias as bullish and looking for the good place to buy in - the 0.00004 zone is a perfect place.
A crossing of the angle support could be a good buy signal for those who in doubts.
Nonetheless, the 0.00005 level is strong resistance, and it is recommended to consider this level for fixing profits.
Stellar bullish signsAs one of the major crypto-technologies alongside with the Etherum and Ripple, Stellar shows bullish signs comparing to BTC.
Investors are trying to diversify risks to avoid BTC drastic falls and still stay in the crypto-currencies.
From the technical view stellar shows good buying signal on both long-term and medium-term views.
From the global picture, the pair went into correction but reached only the 50% Fibonacci level before the rebound.
From the medium-term the pair built 0.000034 - 0.000058 uptrend after the rebound, almost reaching the previous top and followed the markets into correction, but also started to draw rebound pattern roughly reaching the 61.6% Fibonacci.
The 200 days EMA stays much lower.
SHORT Lumen Breakout or Breakdown ! -Down trend-line is getting tight and let's see if it possible to let the up leads price -if we got a 4 HR -3.44% closed candle we will fly with lumen next few hours and vs is worse draw so I'll update it next few hours to see and activate a trade or not
GOOD TRADE GIANT PAIRS
Stellar looks good Stellar draw a rebound pattern close to the 61.8% Fibo from the January uptrend and 38.2% Fibo from the global uptrend. The fact that fall of the Stellar did not even reach the latest lows, talks in favor of the bullish mood among traders.
Also, the volumes grew significantly, as soon as the pair got close to the 0.000004 support.
All these factors make positive impression about the Stellar uptrend scenario.
Nonetheless, there is a strong resistance zone on the way up. The resistance angle in pair with the 0.000048 - 0.00005 zone should be pierced to confirm the start of the uptrend movement.
Dead cat bounce on StellarDown below the hourly cloud now. The pump was a lie. Expect further drops. Excellent short potential here.
Go LONG STR/BTC to .000050!Long-legged doji at the bottom shows potential upswing. My target long would be to .000050. Close your position once it hits the target.
Stellar in the deeper correctionBy breaking below the 0.00005 level Stellar changing the bullish pattern to the correction scenario.
For near term I expect the STRBTC to stay inside the 0.00005 - 0.000034 channel.
Nonetheless, recent uptrend (01.22 - 01.28) still has power until the price will break below the 61.8% Fibonacci level at the 0.000042 price.
STR/BTC HOLD/BUYas explained in the chart, the price of stellar has been going up against Bitcoin while bitcoin was depreciating against dollar which might encourage people to start taking profit when bitcoin is going to rise up against $ as majority of traders look at their profits in US dollar terms.
Disclaimer
It is not a financial advice, everything you see in this chart is a personal opinion, should not be used as an offer to buy, hold or sell any security. Be aware that trading cryptocurrencies can result in losses. Therefore, consult your trading idea with a financial advisor.
Stellar in the uptrendUnlike the rest, Stellar has left Support zone and bottom of correction far below.
Buy on the dips to the 28% Fibonacci level of the local uptrend or at the angle support levels.
Add position when the price crosses resistance angle and previous High.
What I expect from XLM based on TA (in FA can be much more)MACD turned Green
RSI moving up
Volume slowly increase
Good coin to hold for long term
Steller short opportunity.I have been watching Steller for a while now, trying to learn stuff. See the linked idea of what i think its a triangle playing out that can go either way.
I am going to play a short here. I always lose on shorts so I will watch this and if it goes against me I'll close it. They can get out of hand and cost you money if you wait for them to turn around.
Going to enter on a short timeframe close to 4600 if I can.
Stoploss of 4750.
Target of 36/3300.
And if it goes down from the triangle, add to the short.
Stellar ready for next round? Target: +80%Symmetrical triangle is forming, needs more volume to break out!
1st target: 7166 sats.
XLM Entry PointPick good coin to hodl for long term is hard, knowing when the right time to buy/sell is even harder. This is my idea, safe buy below 4768 satoshi, sell zone will update later :)
