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Stellar Lumens (XLM) Price Analysis: Bullish Breakout or Bearish Stellar Lumens (XLM) Price Analysis: Bullish Breakout or Bearish Retracement? Introduction: Stellar Lumens (XLM) is a decentralized blockchain network that facilitates cross-border payments. The XLM token is the native currency of the Stellar network and is used to pay for transaction fees and to provide liquidity for asset trading. Technical Analysis: XLM has been on a downward trend since reaching an all-time high of $0.80 in January 2018. The price fell to a low of $0.071 in March 2020, but has since recovered and is currently trading at $0.1572. The technical indicators suggest that XLM is currently in a bullish trend. The Relative Strength Index (RSI) is above 50, indicating that the bulls are in control. The Moving Average Convergence Divergence (MACD) is also bullish, with the MACD line above the signal line. Support and Resistance Levels: The key support level for XLM is at $0.1013. If the price breaks below this level, it could fall to the next support level at $0.0998. The key resistance level for XLM is at $0.1572. If the price breaks above this level, it could rise to the next resistance level at $0.2387. Conclusion: The technical analysis suggests that XLM is currently in a bullish trend. The RSI and MACD indicators are both bullish, and the price is above the key support level at $0.1013. However, it is important to note that the cryptocurrency market is highly volatile and prices can change rapidly. Therefore, it is important to do your own research before making any investment decisions.
Long
by sepehrghm210
XLM/USDT Bullish Momentum ready for back test on the key area!💎 XLM has recently shown significant market dynamics, with a successful bounce from the demand area. 💎 Currently, it is moving upwards towards the Bearish OB (Order Block) + supply area. If XLM manages to break out successfully upon reaching the supply area, following previous rejections, probability we may witness a substantial upward movement toward our target area. 💎 However, if XLM fails to break the supply area and experiences rejection once more, there's potential for the price to retreat downwards, possibly revisiting the demand area or even the Bullish OB area to gather momentum for a stronger breakout attempt at the supply area. 💎 The Bullish OB area holds significant importance, as a failure to bounce and a subsequent breakdown from this level could indicate bearish momentum, leading the price further downwards.
by MyCryptoParadise_Nathan
7
Breakout will yield "Stellar" profit on XLM BINANCE:XLMUSDT (4H CHART) Technical Analysis Update XLM is currently trading at $0.117 and the price is currently trading at its strong resistance zone which got rejected multiple time. We are looking for a LONG trade opportunity if the price successfully breakouts from the resistance zone. Successful breakout will push the price to next minor resistance which can be easily broken and our final target is next major resistance around 0.1386 Entry level: $0.1190 (Candle close above this) Stop loss level: $ 0.1121 Target 1: $ 0.1220 Target 2: $ 0.1252 Target 3: $ 0.1318 Target 4: $0.1380 Max Leverage: 5x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
XRP WILL PUMP WITHIN 2 WEEKS!!Looks like a massive pump will come withing the next 2 weeks here. The descending trendline price compression is slowly coming to an end. I EXPECT HIGHER PRICES IN THE LONG-TERM STILL BULLISH! Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
#XLM #XLMUSDT #Analysis #ShortSetup #Wychoff #Distribution #Eddy#XLM #XLMUSDT #Analysis #ShortSetup #Wychoff #Distribution #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets.")) (("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin. If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis. This is not an investment proposal and only my opinion, please act based on your experience and decisions.")) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below : #BTC #Bitcoin #Final #Update 'D' #Wychoff #Distribution #Eddy Related Tether Market Cap USDT Dominance Analysis : (( USDT.D )) : Check Link : ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻‍💻 2/14/2024 ❤️
by Eddy_Trade_
4
An inverse head & shoulders pattern formed in XLM.Today was an incredible day for many cryptos, and not so much for others. But one thing you can be sure of is that XLM has been spending the past two weeks forming a perfect head & shoulders pattern on the 30 minute chart that, assuming it plays out bullishly, is almost near the take off point! If price action breaks out of the dashed white line at the top of the wedge pattern, we could see a dramatic price increase in the coming weeks. This could also be a great sign that XLM could be well on its way to gaining ground, and starting a new bullish trend in the mid to long term. Good luck, and always use a stop.
Long
by MetaShackle
QREDO THE NEXT MOON COIN : IT START WITH BUILDING!Thanks for reading this update. QREDO seems an interesting coin where data shows that this can be the bottom to new highs. We know from more trends that whales try to increase always from the Bottom trend. We see this coin able to break in the coming times. Data shows that this coin can do the unexpected increase ' This coin did enter a long-term stability trend, but there seem some changes going on in the coin. Soon more updates. This is not trading advice.
QLong
by SatochiTrader
9
Stellar ($XLM) Chart Analysis and Potential Paths Ahead Stellar ( CRYPTOCAP:XLM ) enthusiasts and investors have found themselves in a curious position as the cryptocurrency currently navigates a sideways range, caught between critical support and resistance zones. We delve into a comprehensive analysis of the XLM chart, examining key levels, trends, and potential scenarios that could unfold in the near future. 1. The Sideways Struggle: A Tight Range Stellar's current price action is constrained within a narrow range, with a support zone established at $0.107–$0.100 and a resistant ceiling at $0.116–$0.119. This indicates a period of consolidation, where the market is awaiting a catalyst to determine the next directional move. 2. Downward Local Trend and Support Breach Concerns The chart analysis reveals a downward local trend, raising concerns of a possible breach of the support zone. If this scenario unfolds, CRYPTOCAP:XLM could reset its local low to approximately $0.103. Traders and investors will closely monitor this critical support level to gauge the potential depth of a subsequent decline. 3. Bitcoin's Influence: A Crucial Factor The fate of XLM appears closely tied to Bitcoin's behavior, given the historically high correlation between the two cryptocurrencies. Investors need to keep a keen eye on Bitcoin's movements as it could significantly impact Stellar's trajectory. A bullish trend in Bitcoin might provide the necessary momentum for CRYPTOCAP:XLM to break free from its current range. 4. Pivoting Upward: Breaking the Seller's Barrier To shift towards an upward trajectory, CRYPTOCAP:XLM must overcome the seller's barrier at $0.122. Successfully challenging and surpassing this level opens the path for Stellar to target the resistance zone ranging from $0.124 to $0.128. The true bullish signal, however, lies in maintaining a stable position above $0.128, indicating the emergence of strong market buyers. 5. Market Sentiment and External Factors Beyond technical analysis, market sentiment and external factors play a crucial role in shaping CRYPTOCAP:XLM 's future. News, partnerships, and broader market trends can influence Stellar's price movements. Traders and investors should remain vigilant about potential developments that could impact CRYPTOCAP:XLM 's market dynamics. Conclusion: As Stellar ( CRYPTOCAP:XLM ) oscillates within a confined range, market participants eagerly await a breakthrough that could define its near-term trajectory. The interplay of technical levels, Bitcoin's influence, and broader market dynamics sets the stage for an intriguing period for Stellar enthusiasts. Whether CRYPTOCAP:XLM can break free from its current sideways shuffle and embark on an upward trajectory depends on a confluence of factors that investors should closely monitor in the coming weeks.
BINANCE:XLMUSD.P
by DEXWireNews