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XLMETH

XLMETH Bittrex 12 H – Wave V starting?XLMETH might start a wave 5 in a shorter timeframe (12 H) with a reasonable and potential target of 1.272 extension of the last bullish move – reversing from 0.0034. The risk reward ratio looks quite favorable as with breaking the current 0.618 correction level of previous bullish swing and going below 0.000495 the wave count is already negated and stop can be set accordingly while a reasonable target can still be 0.00068. RSI could be stronger and volume should increase though. I have entered in XLMETH with 2.5 ETH at the developing ascending triangle of wave 3 already at 0.000495 level. I am still in expecting the wave 5 to unfold. I am stopping out if 0.618 level is compromised and wave count is negated (with touching wave 1 top). These are my personal views and analysis only. Please do your own research and trade carefully! Thank you for the likes and follows!!!
Long
by drgorogbalazs
XLM - To go or not to go for a trend reversal?XLM has great fundamentals, but just as with the overall crypto market, price has been in a downward spiral since beginning of January. In this post, I want to have a look at the overall picture, and identify some support and break-out levels / signals, looking at the three charts: 1) versus Bitcoin, 2) ETH, and 3) USD. 1. The XLMUSD graph: 1) The CCI is curving upward again (see area under the chart), if you look at the previous times that this happened, we also saw a considerable increase in the chart. 2) MACD is trying to get that bullish cross going for it. We want to see it curve upward as well to get us some momentum. 3) Volume is low as f***. We also need it to spike in the green. 4) Looking at the overall chart, we see two yellow resistances, of which the first one resulted in a downward trend channel between the two yellow lines. We are now breaking out of that channel, and thereby also of the triangle with basis the 38,2% Fibonacci retracement line. We are seeing a green candle there. But this cannot yet be considered a real triangle break-out, given that we lack volume etc. --> Conclusion: still lacking some momentum here, but at least we have a strong support at the Fibonacci 38,2%, an upward bending CCI, and a first green candle trying to break through that negative trend channel. 2. The XLMETH graph: 1) CCI curving upward as well. 2) MACD struggling with that bullish cross as well. 3) Low green volume. 4) Strong support levels as well, see the two white horizontal lines. Note that the highest one of the two is now acting as a resistance + we have a break-out of the triangle formation there, albeit low volume and we still have to break through that white horizontal resistance. 5) We have a Heikin Ashi reversal candle (a doji) just before that last green candle, in theory this is typical for a trend reversal. Support at 0,00035712ETH. Resistance at 0,00041922; 0,00046830. 3. The XLMBTC graph: 1) CCI trending upward. 2) MACD heading right into that golden cross, but still in downward momentum. 3) Again, incredibly low volume. 4) We’ve been in a downtrend against that yellow resistance line, quite clearly. No room to get through until now: a first nice green candle there, with a high against the next Fibonacci level (61,8%; 3259 satoshi) as current resistance level. Support at +-2872 satoshi. 5) Also have a look at how nicely the Fibonacci speed resistance lines (the white fan) shows our support and resistance channels . For example: we hit the 25% line at the bottom in the previous candle. Other remarks: --> Note that in each graph, we are at the very low end of the Bollinger bands . --> Chaikin Money Flow indicator is shown in the main graph of this post, and could be applied to verify accumulation momentum. This is turning positive now. You should typically place bullish/bearish indicator threshold here but that would overcomplicate things. It’s just good to see it curving up a bit. Conclusion: While this could be a bottom with relatively strong support levels and a first bump upward in the right direction, we are still lacking volume – even though we already hit some a first green candle or so breaking the downward trend channels. Hence, we are still not in the clear. So keep an eye out on volume and momentum strengthening – it’s what we need! Note: this post’s intention is mostly to give you a framework on how to evaluate further price movement of XLM. As such its intention is informative, and definitely not to be considered as investment advice.
by A_Cryptastic_Mind
4
XLM/ETH Bullish Elliot Wave PossabilitiyHello ever, I am a firm believer in XLM and have been holding a long position for quite a while. With that out of the way, I just wanted to share what I think may occur in the near future. On the 4 hour charts, if you look carefully, you can see that we have just finished an ABCDE correction The RSI looks good Strong support around the support levels Previous drops to the buy zone have been met with increased volume and buying ABC or ABCDE bullish movement is very possible here Watch the XLM/USD charts for breakout and longterm patterns. Looking like a nice possible 15-30% quick profit in the short. Finally, this is not investment advice, this chart is for my pure entertainment, you assume responsibility for all financial choices you make. Do your own research first. I welcome all and any feedback/comments, -Gendark2
Short
by gendark2
Stellar XLM Bull Flag Breakout Off Triple Bottom w/VolumeStellar Lumens (XLM/STR) / Ethereum (ETH) (best 2 for smart contract utility) Bull Flag Breakout to the Upside Off Triple Bottom/Support with Increasing Volume Buy Signals for Bulls Bouncing off Triple-Tested Bottom Support 50 EMA is curled up going stellar. It just needs some more volume. Transactions on the decentralized Stellar network resolve in 2-5 seconds for a fraction of a cent, aiming for low-cost payments between different currencies to fight poverty and maximize individual potential. Stellar is a decentralized, hybrid blockchain that is fully open-source infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation. With a team of top technology and finance professionals, the nonprofit Stellar.org expands access to low-cost financial services to fight poverty and maximize individual potential: see www.stellar.org Stellar (Lumens) (STR/XLM) is supported by IBM, Deloitte, Stripe, Google.org, Blackrock and many other big companies. "Stellar itself is a modified fork of Ripple, an initiative led by Jed McCaleb following his exit in 2013 from Ripple Labs, which he co-founded." ref. www.coindesk.com The 2018 Stellar Roadmap www.stellar.org announces their SDEX (Stellar Decentralized Exchange), which will include among other things, end-user control of secret keys, and the Lightning Network running on Stellar. Maybe Lighnining Networks running on Stellar can save bitcoin. Either way, 2018 will be huge for Stellar, with so many huge developments coming together, and now is the best time to start getting in. SDEX will be the world-class front-end that our underlying technology has long deserved. It will enable on-chain, protocol-level trades for any Stellar token, and we will create liquidity to minimize spreads and maximize choice of assets. The Exchange also promotes our vision of moving more real-world assets on the blockchain. ICOs are already coming to Stellar because we’re cheap, scalable, and fast. See Mobius’s We Did It! announcement medium.com for their impression of the Stellar platform. Stellar videos: goo.gl Stellar Development is led by Jed McCaleb (resuming development of the open-source technology he created at Ripple), founder of edonky, one of the first big file sharing sites; and Mt. Gox, the first big bitcoin exchange before selling it to the one who ran it amok, and Professor David Mazières (head of Stanford’s Secure Computer Systems group, creator of SFS and bcrypt). The Foundation is led by Joyce Kim as Executive Director (former attorney and VC with public interest experience). It’s board is Keith Rabois (early Paypal, former COO at Square), Patrick Collison ( CEO of Stripe), and Jed McCaleb. The Foundation is advised by Dan Kaminsky, Joi Ito, Ronaldo Lemos, Linda Stone, Sam Altman, Naval Ravikant, Jackson Palmer, Greg Stein, and Matt Mullenweg. Stripe has provided initial funding to help get the network off the ground and recently announced they would start removing bitcoin from it's payment structure and increasing Stellar usage. All the banks in the world running IBM software, all the companies partnering with Deloitte, Stripe, Google.org and Blackrock alone will cover the globe of SDEX (Stellar Decentralized Exchange) where you control your own secret keys. Depending on how well the roll out of it goes, if all things fit in place with Lightning Networks running on the Stellar platform powering SDEX, this one could be valued more than $10 by year's end. Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas. All the best luck trading
Long
by Inspirar
1
XLM/ETH Stellar Lumens Bull Flag Bouncing off Triple BottomXLM/ETH Stellar Lumens / Ethereum Bull Flag Bouncing off Triple Bottom Tested/Bouncing off of Triple Bottom Support Waiting on a Breakout to Upside with Volume for Quadruple Buy Signal This pair (XLM/ETH Stellar Lumens / Ethereum) is my favorite between what I feel to be the best 2 players with the most potential in the crypto space. Transactions on the decentralized Stellar network resolve in 2-5 seconds for a fraction of a cent, aiming for low-cost payments between different currencies. Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation. With a team of top technology and finance professionals, the nonprofit Stellar.org expands access to low-cost financial services to fight poverty and maximize individual potential . Stellar (Lumens) (STR/XLM) is supported by IBM , Deloitte, Stripe, Google.org, Blackrock and loads of other big companies. "Stellar itself is a modified fork of Ripple, an initiative led by Jed McCaleb following his exit in 2013 from Ripple Labs, which he co-founded." ref. www.coindesk.com Stellar has less than half the circulating supply as Ripple, yet currently is less than half the price of Ripple. It also has a far more clearer humanitarian objective than any altcoin that I have seen articulated thus far. Stellar has one of, if not the most transparent and informative sites in the industry: see www.stellar.org Check it out. Also see their 2018 Roadmap www.stellar.org announcing their SDEX (Stellar Decentralized Exchange) , which will includes among other things, end-user control of secret keys , and Lightning Network on Stellar partnership . 2018 will be huge for Stellar and now is the best time to start getting in. I also found these videos simple, straight forward and very informative: goo.gl/hhZSzj Stellar Development is led by Jed McCaleb (resuming development of the open-source technology he created at Ripple), founder of edonky and Mt. Gox before selling it to the one who ran it amok, and Professor David Mazières (head of Stanford’s Secure Computer Systems group, creator of SFS and bcrypt). The Foundation is led by Joyce Kim as Executive Director (former attorney and VC with public interest experience). It’s board is Keith Rabois (early Paypal, former COO at Square), Patrick Collison (CEO of Stripe), and Jed McCaleb. The Foundation is advised by Dan Kaminsky, Joi Ito, Ronaldo Lemos, Linda Stone, Sam Altman, Naval Ravikant, Jackson Palmer, Greg Stein, and Matt Mullenweg. Stripe has provided initial funding to help get the network off the ground and recently announced they would start removing bitcoin from it's payment structure and increasing Stellar usage. Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas. All the best luck trading
Long
by Inspirar
2
XLM to continue droppingXLM/ETH - Bittrex XLM is currently in a correction state. By Elliot-Wave Theory, the initial 1-5 waves up (green) are followed by a requisite correction wave, labeled (red) ABC, C being the end of the correction. XLM is also showing a bearish descending right triangle, and could possibly break through .00035522 eth level very soon as the MACD (red circle) is showing bearish signal. We may bounce off that support level and go up, but will hit the top of the triangle and continue down. Once the .00035522 eth support level is broken we will see it continue down to one of the indicated (green) support levels where it may find its bottom. (buy ladder would be a good idea) I think we could find a bottom at .00026829 eth, and then continue our trend upwards to .00173629 eth ($1.56 USD at current ETH price levels), but not without corrections in between. As we get closer to the support levels, we should look for indicators that show possible trend reversal, showing the bottom of the trend and the most optimal time to buy.
by kuhlateraldisruption
XLM/ETH - Tread Carefully!We are looking at a solid run from XLM after a disastrous month. But be wary since a reversal may come soon. A look at XLM's most recent pattern - the triple top reversal. Volume has been pumping since the 22nd of this month but as you can see that from the peak of the 25th, volume has been on a steady decline. Be forewarned that if we do not see volume pumping propel prices past the 00.00060814 resistance line, then we are likely to see XLM spiral downwards to 00.0055238. If prices fail to bounce off support of 00.00055238, then the triple top reversal is confirmed. We are likely to see it plummet to as low as .00048988 before it will come back up to retest the 00.00055238 new resistance line. I would stay away from entering until XLM decides which direction it will go.
by RLUM18
2
XLM preparing for major uptake?In this pre-bed time post I have tried to keep it simple: --> The MACD is showing a bullish reversal is pending, looks like it’s going to a strong golden cross. --> The CCI shows “oversold-ness” and is edging upward --> The graph itself shows that the Fibonacci 61,8 is already a strong support, together with the underlying trendline . Price has been bouncing back and forth from that line. Moreover, the last couple of days, price has been consolidating at these levels. --> Given the bullishness in the MACD and the support levels that are still intact , I think we can reasonably expecting a bullish boost somewhere soon. --> In the mean time, note that if it would fall through, the next level would be the 78,6 retracement at around 0,00028387. --> But everything is pointing to further upward movement, with the 0,5 level at 0,00056031 as a first major resistance level to overcome. Feel free to draw an Elliot Wave analysis on it ;-) Sweet dreamzzz
by A_Cryptastic_Mind
9
How XLM is PREPARING FOR Short term +30-50%, mid term >+100%gainIn my previous analyses on XLM I called the first bottom reversal which provided us a quick 50% profit . After that I believed the price would retrace back lower (see previous posts, links are below) . The market turmoil today is pulling almost all cryptos lower, XLM is no exception. However, up front, we could already predict where this correction would take XLM price by simply extending the longer term lower bound trend line. As we could witness today, price hit that line as a bottom and bounced back upward. It has "tested its low". --> Exactly where we could expect it to do so! Going forward , I do believe this line will hold, and we can also see other indicators confirming this: MACD is pointing to a next upward move, which is also confirmed by RSI and CCI, both being in the oversold range. Given the inherent volatile nature of cryptos, do keep an eye out on that important support line. There is still a Fibonnacci level below that could be tested, although I don't think it will for the time being. So this provides a nice buying opportunity, with a short term potential of 30-50% if price bounces back from the lower Bollinger band level. And in the longer term, we should be able to test the previous high, which would result in more than a 100% gain. I also encourage you to read the Stellar Consensus Protocol white paper (you can easily google it), to give you some fundamental background as to why Stellar is such a good crypto! Best of luck and keep me posted of your XLM trades! :-)
Long
by A_Cryptastic_Mind
XLM: After predicting bottom & first 50% upward move:what's nextIn one of my previous articles I called the bottom for XLM and highlighted that the first reversal upward move would occur - subsequently we saw a 50% move upward (so I hoped you followed my lead! :-) ), which then consolidated a bit and decreased somewhat in price. As one can see from the graph, the extent of this drop could be reasonably predicted up front, by taking into account the longer term trend channels and resistance/support lines. In the grey boxes, I show some examples of these. As we can see now, XLM is in a short term upward trend and it is trading at the bottom of this channel + it has the 61,8% Fibonnacci retracement level going for it. Moreover, the MACD signals a second upward move coming nearer. Given the strong fundamentals of Stellar Lumens (definitely have a look at the Stellar Consensus Protocol white paper by Stanford professor David Mazières), I am long on this crypto gem. How about you? (note that this is by no means to be taken as formal investment advice) Happy trading!
Long
by A_Cryptastic_Mind
4
XLMETH Long for Stellar returnsXLM has had a lengthy retracement . It has broken out of the long downtrend. I have indicated this with the uptrending channel. Over the next few hours it seems like it will penetrate the bottom of the pitchfork which was support in the past. Entry when price is on top of upper ascending trend line . Stop below previous retracement 0.00045 Take Profit: Probably above 0.0007. But I will trail the stop. I expect this trade to last several days
Long
by a1Keith
2
XLM; Expert view explaining price movement and expectationsIn my previous post, I illustrated a possible trade, which initially started off very bullish, yet turned out to be bearish. A triangle with everything going for it could still go both ways: break out through its resistance, or fall through its support. The second scenario happened; as soon as it broke support, we knew the trade wasn't worth continuing. I'm following up on that post, showing what happened then and since, and what we can reasonably expect going forward. Stay tuned for more interesting stuff and feel free to reach out if any questions! Link to my previous idea (note: I forgot to put the "?" at the end of that title :-) )
by A_Cryptastic_Mind
12
Stellar Lumens - Stellar ConsolidationThis is a trade I made this morning when looking through charts. The guys in our excellent Crypto Cartel Discord were asking when this was at the top for areas to rebuy. I had this exact area drawn on my chart, although I've cleaned it up now for presentation. Things I don't like on this chart: Stoch Pattern is not what I regard as bullish Willy21 EMA/RSI lines are high relative to price action Things I do like: Large retrace followed by tight consolidation. Squeeze is on. It's in my own buy area It's still a bull market With a very conservative target of 5,000 sats we have an excellent risk-to-reward ratio of 2.58 so long as we maintain a tight stop of 3800 sats. This is a trade that I'll be stopping out of only manually and only on longer candles. I think this is the best chart I've looked at today for the kinds of trades I like to make. == Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party dafoh.org
Long
by RiversAndMountains
5