Long Time: Short PositionThis currency is in the time frame of the daily frame within a triangle, which is currently priced at the two-thirds end of the triangle atoms and at the top of it.
Given the divergence, volume reduction and negative signals obtained from indicators and oscillators, it is expected that prices will continue to decline.
But in the future, with the collision with the lower edge of the triangle (Support Line), it will accelerate and the uptrend.
Of course, it's very likely that the price will drop from the upper edge of the triangle with the specified circle, in which case we will see an upward trend.
We are currently expecting a bearish trend in the currency.
Xlmbtcshort
XLM-BTC Pending Correction?Here's a quick update on XLM-BTC.
The price increased a lot after Coinbase listing news. As per me, It is now due correction.
I didn't look at any other indicators except volume. There has been a clear decline in volume but the price has been increasing steadily. As per my knowledge and observations, An increasing price, together with declining volume, is always, without exception, bearish.
Also, the volume oscillator is showing a loss of Bullish momentum. The reversal may occur anytime soon. I am expecting a correction upto 8-10%
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!
Good luck trading.!
Peace.
Short XLM / STR because #FractalsShort XLMBTC / STRBTC to ~1500-2000 sats because #Fractals and bearish divergences. I'm a fan of this project longterm, but I base my trading off TA.
XLM/BTC STR/BTC XLM STR #XLM #STR Stellar Lumens
- @CryptoCurb
XLMBTC Bittrex 4H up to 19APR18 Trading Analysis (TA)XLMBTC Bittrex 4H up to 19APR18
4H Chart, also works in 1H, at this time the Lumen (XLM) has been floating on SUPPORT ZONE 3 for a couple of days after the RESISTANCE ZONE 1 became into support; the 50,100,200 MA indicator already crossed and is beein moving into an ascending pattern (Blue Arrows), along with a slightly ascending movement on the RSI (Checkmark) even though the MACD is looking like is about to cross down (Orange Alert), if this properly explodes would be nice targeting RESISTANCE ZONE 3, but keep always in mind that also may go down. At this time the Market Cap in hovering over the 355 Billions. Good Luck!
4H Chart, también funciona en 1H, en este momento el Lumen (XLM) ha estado flotando en SUPPORT ZONE 3 durante un par de días después de que RESISTANCE ZONE 1 se convirtió en soporte; el indicador de 50,100,200 MA ya se cruzo y se está moviendo hacia un patrón ascendente (flechas azules), junto con un movimiento ligeramente ascendente en el RSI (Checkmark) aunque parece que el MACD está a punto de cruzarse en sentido descendente (Alerta Naranja), si esto explota correctamente nuestro target seria RESISTANCE ZONE 3, pero tenga siempre en cuenta que también puede disminuir. En este momento el Market Cap se mantiene sobre los 355 Billones. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
XLMBTC (Stellar Lumen) 4hr tf analysisPrice swing from ~0.00005613 on January 26,2018 to ~0.00002311 on March 18,2018 indicates the completion of Minor wave 1, Minor wave 2 and Minor wave 3. XLMBTC (Stellar Lumen) is currently in a Minor wave 4 position.
The 38.2% and 50% retracement (target area) of Minor wave 3 by Minor wave 4 is used in this analysis as the possible termination region for Minor wave 4. Target area is therefore between 0.00003238 and 0.00003525.
Point of invalidation (POI) for this analysis is a price close above ~0.00003872 (POI is placed just above the 61.8% retracement of Minor wave 3 by Minor wave 4).
The use of price “swing” by the author is simply to refer to a general trend for price action. Price swing is therefore not implied to be an actionary or reactionary Elliott wave.