Pla breaks trendline Trend line Breakout And Retest Has Already Done Expecting Massive Bounce In Midterm
Expecting 150 to 160% bulish Move
XLM
0.013900 is major support.Be noticed that if descending trendline be broken it would be best time to take log position.
Black line in support zone is manner.
#Stellar Retracing from $0.09, Swings Price Action to BearishPast Performance of Stellar
Stellar may be up 30 percent from December lows but is trapped below a critical resistance level, reading from the formation in the daily chart. Overall, traders are confident of what lies ahead. All the same, there must be a solid gain above December highs for trend continuation and confirmation.
#Stellar Technical Analysis
XLM prices have been solid from the past trading week. As it is, there is a double top at $0.09, a line that flashes with this week's highs and around the top of the consolidation of the last week of November. The lower lows registered from early this week are negative for bulls. While confidence in traders is because the correction is with lower volumes, XLM must hold above $0.08 or November 9 lows. Any breakout below this level may trigger a sell-off, pushing the coin toward $0.07. Conversely, gains above $0.09 may see XLM float to $1 or November 9 high, especially if the breakout has high trading volumes.
What to Expect from #XLM?
Bears are in a commanding position as long as XLM is within the bear-engulfing bars of early November. For trend definition and bears to shake off selling pressure, there must be a convincing break above this week's highs, confirming buyers of last week.
Resistance level to watch out for: $0.09
Support level to watch out for: $0.08
Disclaimer: Opinions expressed are not investment advice. Do your research.
ALGO bullish swing-trade. 6 day or less swing-trade. Fulfilled at the top or the stop, or timed out and canceled at day 6.
Will the 3rd time be a charm for XRP?XRP has made two attempts to cross the .4068 and failed. Will the 3rd time be a charm?
XLM/USDT | Getting Ready for Massive Breakout..!!
#XLM Falling Wedge formation in HTF timeframe Chart ..
Seems like Bottomed out & Ready for a Bullish Rally.
In Case of Wedge Upside Breakout, Expecting +200% in the Midterm
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Xlm to the moon Xlm seems to be very bullish in all high time frames. investor sentiment along with some news will push the price up tenfold. I expect a huge move up with this coin and I’m looking forward to it.
Solid fundamentals + a good project
ALGO looks to be setting up for another breakout!ALGO has been on a pretty good run for the past week or so, and it looks like it may be setting up for the next leg up. If ALGO breaks the .238 level we could see a pretty good run over the next few days.
Narrow bullish channelCurrently, the price of XLM is inside a narrow bullish channel, and if the bottom of the channel is broken, the price correction could continue to the range of $0.082-$0.081.
A stronger and more confident support level is located in the $0.077-$0.079 range, which could once again create a strong demand zone.
THIS IS THE LEVEL TO WATCH IN XRP!The .4068 level continues to be the level to watch. If this level breaks then the theoretical 'flood-gates' could be unleashed upon the rapidly diminishing supply of liquid XRP. If the price declines look for buying opportunities that correspond with your investment strategy and add to your positions accordingly.
A potential bullish path for XLM in the coming weeks.There is a good chance that due to the rapid rise in digital assets like XRP, XLM, ALGO, HBAR ect... in the recent weeks that a pull-back may present some really good buying opportunities to add to the stack before the big...big move that we all know is coming soon.
✴️ Stellar | Endless OpportunitiesI wanted to write about XLM (Stellar)... It's been a while.
This is a better example of endless opportunities. This one is essentially still at the bottom.
Let's keep it ultra simple shall we?
The RSI is super strong yet XLMUSDT is near its lowest price in years.
Normally, you get a strong RSI when everything is going up and growing.
When things start crashing, you get the weak/oversold RSI signal.
Having a strong RSI at bottom prices signals that the bulls are ready to enter/jump in with force.
The chart agrees... We have a cup bottom pattern and so many green candles tells us sellers are no more.
Everything points higher.
If it doesn't go higher, as a trader you are still looking at a setup where you have very low risk with a very high potential for reward.
The risk can be limited to 10%-20%.
The upwards potential can be 50%, 90%, 200% or even more long-term...
We are only getting started.
I'll show you more.
Namaste.
XLMUSD descending triangle - SHORT (NEW)XLMUSD looks ugly , not different than other coins.
The price broke to the downside of the descending triangle pattern.
We already saw a successful bearish retest and previous support now is acting as a resistance. We're expecting 18- 20 % dump soon.
Target shown on the chart.
Good luck!
SOL looks to be preparing to make its next leg up.Buying opportunities may present themselves along the lower trend line. A bounce could possibly take us to the next leg up sooner than you think.
Stellar XLM - Upsidelooks like more downside for almost all coins in the space as the economy dwindles into a recession. However there is some hope for the long boys seeing as the potential is there, this coin has been around a while and is holding old support well!
XPR pressing up against 14 month upper trend line.XRP has been in the current descending wedge pattern for about 14 months. If it can break above and hold this level we could see some 'God Candles' in our near future.
The formed divergence can only cause a pullback in the downtrendXLM had good price increase over the past week. In the previous analysis, we had given the possibility of a reversal according to the double bottom pattern formed, which was confirmed exactly by the breaking of the resistance of the $0.0725 range, and the pullback to this support caused the price to grow to a higher resistance in the $0.075 range. One of the important resistances is considered in the range of $0.077. This resistance overlaps with the downtrend line, and its break could change the trend in the 4-hour time frame. Now the XLM trend is in the 4-hour range. On the daily time frame, the RSI indicator needs to return above the 60 level for a trend reversal. Otherwise, the formed divergence can only cause a pullback in the downward trend. The next resistance levels are considered in case of increasing strength of buyers at the prices of 0.082 and 0.090 dollars.
XLMUSD Looks Mighty InterestingThis one has broke out of the defending wedge on the daily timeframe, backtested, and is starting to push back up. I’m looking at $0.11 as a strong resistance in the short-term.
I also see it may be creating the right shoulder of an inverse h&s now.
Zooming out on this chart and you can see that XLM has almost reached the apex of a massive descending wedge. This one could rocket back up once it starts moving.
What do you think?
Not financial advice.
Accumulating XLM & DOT -Fractals show PROFITSHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If I haven't already told you, Happy New Year 🥂
I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low or in accumulation zones and altcoins that are known to pump and dump independently of the overall market trend ( bearish or bullish ). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XLMUSDT / Stellar and DOTUSDT / Polkadot .
Incase you missed yesterdays gems, XRP and LTC , find the analysis here : 👀
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XRP vs XLM macro breakout?Who is gonna be stronger?💪 This is comparison XRPUSDT / XLMUSDT , so if the:
*price is going up, it means XRP is stronger than XLM
*price is going down, it means XRP is weaker than XLM
My last analysis (11/08/2022) of this pair anticipated the Head and Shoulders but the pattern has not been actually triggered as the neckline has not been broken and the formation was invalidated later.
Last months Ripple is much stronger than Stellar and the chart actually drawn huge inverted Head and Shoulders with Neckline being at the previous chart high @ 4.67. Now XRP is trying to get above the Neckline and stay there to confirm the breakout. IF that really happens, we could see run up to 8.62 meaning that 1 XRP would be worth 8.62 XLM, while now it's just 4.67 XLM. In other words Ripple would gain 85% against Stellar no matter what the USD value does. All the uptrendlines could act as magnets attracting and repeling the price. Invalidated below right shoulder @ 2.67.
To sum it up, I think that in the following months, Ripple could be stronger than Stellar with some pullbacks along the way. What's your take?
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
#Stellar Firm from $0.07 as XLM Trading Volumes SwellPast Performance of Stellar
Stellar prices are up five percent from December lows. Per the XLMUSDT price action, buyers appear to be taking charge after steep losses last year. XLM plunged 77 percent from January 2022, dropping as low as $0.070 by the end year. However, things are beginning to look up for buyers following gains on January 2.
#Stellar Technical Analysis
Overall, XLM prices are bearish from a top-down preview. The primary support is at $0.07, flashing with December 2022 lows. On the other hand, primary resistance is at $0.077, coinciding with December 19 highs. Following the gains of January 2, aggressive traders can look to double down their positions, targeting the short-term resistance level. It is worth noting that prices are higher with rising trading volumes, a positive development. Further gains above $0.077 and middle BB may pump XLM towards December 16 highs at $0.082 as the coin bottoms up.
What to Expect from #XLM?
There are higher highs relative to the lower BB though the downtrend remains. Going forward, sellers remain in control, and XLM must clear the above immediate liquidation lines for buyers to establish themselves.
Resistance level to watch out for: $0.077
Support level to watch out for: $0.070
Disclaimer: Opinions expressed are not investment advice. Do your research.
XLM - Probability of retesting the support levelXLM has been in a gentle downward trend over the past week, and the price has entered a range that has raised the possibility of a complete breakdown of the monthly time frame support. The downtrend line that was considered on the chart has not yet been broken and the price is far away from the downtrend line. A resistance is considered in the range of $0.0777, which is the ceiling range of the last bearish wave in the 4-hour timeframe. On the other hand, a double bottom pattern is formed in the range of $0.0710, which the break of the $0.0725 resistance can confirm this pattern.
Of course, if a bullish candle is formed above this area. In this case, we can expect for the next week that the buyers will make an attempt to return the price to the specified dynamic resistances. After a possible reaction to this resistance, there is a possibility of a retest of the support level and the formation of a double bottom pattern, which is confirmed by the failure of the resistance pattern. In this case, we can consider higher targets in the ranges of 0.082 and 0.090 dollars.
