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XLM

#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.
Short
by Bitcoin_Analyzer
✴️ 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.
Long
by MasterAnanda
1
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.
by MonoCoinSignal
1
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.
COINBASE:XLMUSD
by edsonmarsh
2