XLM
Stellar Lumens XLM formed bullish BAT for upto 25.50% moveHi dear friends, hope you are well and welcome to the new trade setup of XLM with US Dollar pair.
Recently we caught nice trade of XLM as below:
Now a daily time frame, XLM has formed a bullish BAT pattern for the next price reversal.
At the moment after the completion of final leg the priceline has slightly moved up, therefore, we can wait for some price correction to catch from the buying zone.
Buy between: $0.0901 to $0.0870
Sell between: $0.0995 to $0.1094
Stop loss: Below $0.0870
Possible profit ratio:
As per above targets there is a profit possibility of almost 25.50% and a loss possibility is upto 4%.
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 Crashing, XLM May Retest $0.085 After A 54% SurgePast Performance of Stellar
After days of sideways movement, Stellar prices crumbled on April 19. The coin is now trading below critical support levels, now resistance, at the back of expanding volumes. Immediate resistance lies at April 19 high of around $0.10.
#Stellar Technical Analysis
Bears appear to be flowing back, days after XLM rose 54% from mid-March. What's conspicuous is the wide-ranging bear bar of April 19 that broke below the middle BB with high volumes. This bar will anchor the short and medium-term formation. As such, as long as prices are below $0.10, traders can look for entries to unload, targeting $0.085, marking the base of the March 21 bull bar. This level also coincides with the 78.6% Fibonacci retracement level of the March to April 2023 trade range. On the lower end, bears may force the coin back to March 2023 lows at $0.075.
What to Expect from #XLM?
The retracement on April 19 follows weeks of horizontal consolidation. This represents a bear breakout, and there are higher odds of XLM printing lower in sessions ahead.
Resistance level to watch out for: $0.10
Support level to watch out for: $0.085
Disclaimer: Opinions expressed are not investment advice. Do your research.
AW Crypto Market Update - Ethereum - Bitcoin - XLMThis video aims to give you an indication of where we are within the ongoing correction for each of these digital assets.
I expect to see weak price action with limited upside in these markets as the full corrections come to an end.
Once we see the momentum wane in a choppy manner, the final move in each market should lead to an inevitable blow off top.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Stellar Lumens XLM formed a Gartley for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of XLM with US Dollar pair.
Previously I shared a long-term trade setup for XLM, which is still in play:
Now On a 4-hr time frame, XLM has formed a bullish Gartley move for another price reversal.
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- A very nice bullish structure (30% rise potential)Like all the crypto market, XLM also reversed at the beginning of the year.
Recently, XLMUSD managed to also break above 0.1 and, after the recent high, is in a normal correction.
This correction could represent a good opportunity for bulls, with a buy around 0.1 support having a 30% rising potential
A break under 0.1 negates this bullish scenario
XLM gotta become bullish soon.XLM is in an ascending triangle pattern.the pattern has not been broken yet but when it happens,the price will be flying! The price is gonna increase as much as the measured price movement (AB=CD) and that would be 36% of pure profit!
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
XLM IDEA, POSSIBLE 25% GAINSXLM has broken back above old support. History shows us that every time it has reached the above resistance. If it was to retrace and show that it held support, then I would take the long to the above resistance. I will update if the opportunity arises so make sure to follow!
XLM: Bullish FlagStellar (XLM) technical analysis:
Trade setup : After getting rejected 2x at $0.10 resistance, price had finally broken above it, sharply rising with big volumes, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend. Now it’s consolidating, likely briefly, in a Bullish Flag pattern, which typically resolves in the direction of existing Uptrend.
Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
XLM: Resistance BreakoutStellar (XLM) technical analysis:
Trade setup : After getting rejected 2x at $0.10 resistance, price has finally broken above it, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend with upside potential to $0.13.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
Bitcoin Trading in Range so what next?Bitcoin trading at $28,000 level. Technical analysis suggests that the market is waiting for a breakout, which could happen this week.
In terms of support and resistance levels, the downside support is at $26,650 while the upside resistance is at $28,900. Traders should be prepared for increased volatility in the BTC/USDT market over the next seven days.
If there is an upside breakout and the price surpasses the resistance level at $28,900, we may see the price reach $35,000. However, if the price drops, the next major support level is at $26,650. If this level is broken, the price could fall to $24,000.
Risk management is crucial in every trade, so it's important to have a plan in place before entering the market. Traders should always use proper risk management techniques, such as stop-loss orders, to limit their potential losses. By doing so, they can ensure that their trading strategies are sustainable over the long term.
Overall, the BTC/USDT market is expected to be volatile in the coming days, and traders should remain vigilant and cautious in their approach to trading.
Buy Opportunity in XLM/BTCLooking at the Bitcoin quoted chart on the left side, we have a bullish divergence on volume, as per the Stochastic Momentum Index (SMI) of Money Flow Index (MFI) indicator.
On the chart quoted in Dollars, a divergence was signaled beforehand in the ROC (Rate of Change), allowing an entry at the breakout of the 0.91 value.