Xlmbtclong
XLM formed Gartley for upto 29% moveHi dear friends, hope you are well and welcome to the new update on Stellar.
On the 4-hour chart, the priceline of XLM with Bitcoin pair has completed the formation of bullish Gartley pattern and entered the potential reversal zone. There is also 200 simple moving average support below the buying zone.
This trade has a huge profit possibility up to 29%, and the loss possibility is 7.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
$XLM IS GOING TO DO THIS$XLM is on its way to hit the green line shown in this chart. We've touched this green line the last two times we've pumped to the upside, and I believe we're ready to hit this line again. Now whether we break above or drop down below the green line after we hit it, is a question that only time can answer.
STELLAR - I guess we picked the right onesSTELLAR XLX proving to be the right choice as one of the 2 favorite alternatives (with Cardano, same category).
Allow me to repeat the fundamentals one more time :
The chart is beautiful. Still far away from it's all time highs but showing a less volatile uptrend movement.
Fundamentally, what my research has revealed is that STELLAR is very close to the 'Big boys'. Both the IMF (International Monetary Fund) and the Federal Reserve are close to Stellar and keep inviting it in their CBDC ( Central Bank Digital Currency) discussion panels.
Could this non-profit organization become the pillar of Central Bank Digital Currencies? Possibly yes, so keep a close eye on it.
Stellar is now definitely in my radar and I have already invested in it, recently.
ps. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created. Nearly 20 billion lumens are out in the open market, and the Stellar Development Foundation retains the other 30 billion or so to develop and promote Stellar , per its mandate. Fundamentally, this is another 'plus'
XLM - Lumens Breaking Out Beyond Resistance, Get Ready!Taking a look at the price action on the weekly timeframe, I've been noticing the bullish price action occurring over the past few months. The price has been primarily contained below the 800sat level since July 2019. Any breakouts beyond this level were only temporary and eventually were pushed back below this resistance level by sell-side pressure. However, not only has XLM broken out beyond this 800sat level, but it could be breaking out of a very large falling wedge pattern (which is more evident on the smaller time frames like the daily). Weekly MACD and OBV indicators turned very bullish and volume has been steadily rising since November of last year, which could indicate that a major move is about to happen.
With XRP on the sidelines as a result of the filing of the SEC Complaint, Lumens has the potential to position itself as a major player in the global financial market. For my portfolio, I will be making a long position here because I see a lot of upside at these levels.
XLM Inverse Head and Shoulder Pattern - Breakout Imminent Seeing an inverse head and shoulders pattern on the 4h chart. Looking very bullish for an imminent breakout to test the .44 range and then get continuation into parabolic price discovery mode. So much good news for the Stellar Lumens XLM lately. Mega Bullish here. Short term support .2615 short term resistance.30
XLM / BTCTook XLM / BTC into log scale & added more time and we can see what the future holds.
1 thing is for certain BTC will most likely continue to climb into 2021 and any dips & pull back will not be a bear market.
So we can assume that we r in a full blown bull market now since May 2020 IMO.
The question is where does BTC top. Most analysis I respect point to a top around $190k.
So If history repeats itself we should see XLM (And all Altcoins) follow a similar path, that path is 18 months from bottom of the range until top of the range.
I have outlined the top of the range with different price targets I strongly believe we will have 6 months over 2021 where BTC will continue to push higher until finally peak is reach sometime this year, If that peak is reach B4 summer than we have our alt coin targets if that peak is reach by end of 2021 then our alt coin targets will be much higher ;).
So the idea is that soon BTC.D will push higher and keep alts under pressure, maybe even 81% BTC.D this will bring the peak in BTC price.
Then Dominance will have small & large corrections in the bull market. This will allow alts to play catch up.
So any and all dips for the next year are strictly for buying and no selling your alt coins until sub 40% BTC.D is allowed by anyone following my analysis or the gods of crypto will fomo you back in at higher prices all year.
XLMUSDT I started forming a bullish positive channel, which I think is a good opportunity to enter
Bottoms are entry points and headers will be selling points.
Do not enter the currency with all your capital, if the bullish pattern is broken and the exit from the price channel to the bottom falls, the pattern will fall, you will place loss stops at the bottom before the bottom from which you will enter …..
what is your opinion ??
support me
thank you