Xlmbtclong
Stellar XLMUSD - Potential Bullish ScenarioThings to Note:
1. Bullish Market Structure- Printing HH and HL
2. Price forming an Ascending triangle pattern
3. Following a rough uptrend line
4. Volume is low atm but it should expand at the BO
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
XLM to $1?Based on history, it seems like XLM is about to repeat it's wave pattern.
Currently we are given a momentum indication from 20 and 50 EMA.
The weak volume can be taken as another momentum sign as a silence before the storm.
Based on previous buying waves to the upside I expect the price of XLM to reach $0.75 before a correction.
Based on the trend of higher highs, another buying wave top will be at $1 per XLM!
I am in, how about you? Are you sold?
Good luck!
XLM Buy the dip.XLMUSDT - Intraday - We look to Buy at 0.3816 (stop at 0.3649)
Daily signals are mildly bullish.
Pivot support is at 0.3800.
Dips continue to attract buyers.
We look to buy dips.
A lower correction is expected.
Our profit targets will be 0.4328 and 0.4654
Resistance: 0.4150 / 0.4400 / 0.4700
Support: 0.3900 / 0.3800 / 0.3500
XLMLooking good. Wicked back into the triangle and tested 100 ema daily tf. Then bounced and regained the uptrend outside the triangle. I think we go up from here. Just not in a straight line obviously.
Crypto MMs love to make us buy when a coin is looking strong and our analysis shows a break like this one on XLM where the triangle pattern broke up. Then sell off the coin trapping noobs or forcing traders to sell.
After the break out I noticed that XLM didn't pump as it should've because most crypto traders would have seen this move and entered into a long position.(and I know a few that did) Rather XLM just stayed flat, so I kinda knew something was not right.
But still hold my position and not selling as this is all just MMs shaking people. They are ruthless. I also noticed that demand wicks in crypto currencies are usually the Best Buy signals especially after a bloody sell off. GL everyone Big Mike loves you and he loves XLM.
XLM Buy a break setup.XLMUSDT - Intraday - We look to Buy a break of 0.4231 (stop at 0.4069)
Daily signals are mildly bullish.
The primary trend remains bullish.
A break of 0.4300 is needed to confirm follow through bullish momentum.
Our outlook is bullish.
Short term oscillators have turned positive.
Our profit targets will be 0.4685 and 0.4912
Resistance: 0.4300 / 0.4500 / 0.4700
Support: 0.4000 / 0.3900 / 0.3750