Xlmbtc
Stellar LumenLet's look at the chart in the mid to long term.
Added chart of XLMBTC.
Between 0.00000266 and 0.00001078 is a long term investment area.
I don't want to think below 0.00000266 points.
Located near the uptrend line.
If you follow the upward trend line, the day when the 0.00001078 point meets the upward trend line is around February 2021.
Fortunately, it did not fall into the downtrend line.
If the price falls along the downtrend line, we expect it to touch the 0.04642767 spot around December 16th.
It is important to ascend above the 0.06260065 point.
XLM/BTC New Lower Highs | Key Resistance To Break! Hello Traders!
Today’s chart update will be on XLMBTC which has been putting in lower highs as it approaches a key structural resistant level...
Will bulls have momentum to break resistance?
Points to consider,
- Overall trend putting in higher lows
- Key resistance yet to be broken
- Stochastics projected up
- RSI respecting its trend line & Neutral
- EMA’s giving price resistance
- Volume below average
- VPVR decreases in transactions
XLM has had a decent run from yearly lows, putting in consecutive higher lows; a trend change confirmation will only come to fruition if and when the structural resistance is broken convincingly. Resistance is looking staunched as of right now due to multiple rejections, price must hold above to avoid a false break.
The stochastics right now is projected to the upside, can stay in lower regions for an extended period of time, however there is lots of stored momentum to the upside. RSI is currently neutral but is respecting its trend line, it needs to maintain to hold a higher low projection.
The EMA’s is serving as resistance at current given time, it needs to cross bullish upon break of resistance to give added support for the bullish momentum. Volume right now is below average, an influx of volume is required to confirm direction of trend and to avoid a false break.
The VPVR shows a clear decrease in volume of transactions, this signals that bulls will have low levels of resistance poised if and when price breaks structural resistance.
Overall, in my opinion, a confirmed trend change will only hold true if structural resistance is broken. Targets for this break can come from the Fibonacci extensions, price is likely to reach the 2.618 Fibonacci extension due to the low level of volume transacted on the VPVR.
What are your thoughts on XLMBTC?
Please leave a like and comment,
And remember,
“Sometimes the best trade is no trade.” – Anonymous
XLM/BTCKeep it simple!
Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade.
With a weekly view of XLM we can see it has come down to the first green box and held an important level at the 5400's Sats. For those that entered the trade, your first profit target should have been hit, and the trade is not profitable. Two outcomes are likely to happen here now.
1 - XLM will continue to make higher lows at this range and test new levels of resistance which were previous support OR
2 - XLM re-test the green box at 5400 and this breaks. If this happens then your next entries should be in the second green box range. This is a final support level which has yet to be tested.
In both cases the set ups are easy, and the stops below the boxes make the risk to reward VERY good.
Please note that the boxes are a range, so you should be laddering in and out your positions. This means the price is averaged in your favour.
Time to put attention on Stellar (XLMBTC)Hi, Guys!
In this new study by Stellar, we looked at the established high channel and increased volume.
At the moment, despite the widespread drop in cryptocurrencies, there is a good chance of maximum support at 0.00000780. And we are close to that point.
By reading the bullish channel, it is still possible to go a little further down to 0.00000750.
If support is confirmed, a new bull race will take place this holiday season, a great profit opportunity to start 2020 well.
Thanks!
Shaman
Stellar Lumen
It is supported by 20MA.
If it falls, there's a good chance it will touch 0.00000600.
We expect prices to remain in the box range between 0.00000600 and 0.00001078.
A weak uptrend line exists and we should check to see if we can support it.
I'm back in the downtrend line.
It is most urgent to break out of this downward trend line.
If it falls, you are likely to touch the 0.04642767 point.
Below 0.06260065 is a medium to long term investment area.
We also believe that the stock can be bought only after falling out of the downtrend line.
Please note that you are not in a trading position.
XLMBTC INVERTED HEAD AND SHOULDERSXLMBTC is forming a head on an inverted head & shoulders, if it can get past the
1st target at 0.00000875- 7%(fibonacci 0.50) it could be well on its way
2nd target 0.00000950-16% (fibonacci 0.618) and on to
3rd target 0.00001010-24% (fibonacci 0.786) to fulfill the head pattern.
Good Trading!
XLMBTC Long NOW!Mr. Pips says you can long XLMBTC with very little risk here.
Mr. Pips' proprietary indicator shows you that the price was strongly rejected at My Indicators Main Trendline/Zone. This is a clear indication that the price is going to go up! There is no other indicator available that will show you these important price zones. This is NOT Murrey Math Lines. These are NOT auto Fib levels. There is no need to spend hours on end doing extensive research or trying to read news reports when you have the right tools at your disposal!
Mr. Pips Quote of the day:
"Man is a Tool-using Animal. Without tools he is nothing, with the right Tools he is all!!!"
Mr. Pips wants you to have a blessed and profitable day!
Disclaimer: All information provide by Mr. Pips and IgetPips.com is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
Stellar's Parabolic RiseXLMBTC It's coming out of the parabola. The bottom of the chart is 0.0000555, right now is the time to get in before it goes back to 0.000020 then 0.000030 all the way back to 0.000067. Check out the the purple cup before the the big gold cup it's ready to duplicate that spike. Good Trading