$XLM Potential Price Drop Analysis- Bearish Divergence
- RSI Overbought
- Long Wicks
- Double Top
These are the reasons of why we are give a warning to our premium members to drop off XLM at 23 September at least.
Considering that already happened now, we're waiting for the price retracement. Firstly, it already touched our first support green box, which is quite weak. So as we really wanted to see there will be a bounce around red box and our strongest support at the current time is the lowest green box around 0.179 price.
Xlmshort
Short STR / XLM on 1-Week Rectangle Confirmed BreakdownPrice chart formed a 1-Week Rectangle with the lower boundary acting as support at 0.1985 levels. The lower boundary was tested several times over the course of the chart pattern. The 6H close below 0.1925 levels confirmed the breakout from the 1-Week Rectangle with the possible chart pattern price target of 0.1783 levels.
STELLAR, THIS IS BEAUTIFUL!Is this true? If this pattern comes out just right then I think Stellar Lumens graph should be studied for real-life patterns. The pattern almost looks hard to believe in... So let's start
Stellar Lumen has made its highest price at 0.000063 BTC and is one of the strongest Altcoins in the market, it has partnership with a tech giant IBM. Stellar has been making a big beautiful cup having hits its prices at A(start of the cup), B(Bottom of the cup), C(the start of the handle) and now it looks on its way to hit D at the price of 0.0000366 BTC after which we should see it rocketing and I truly believe, in other words my prediction on this breakout is that it gonna make new high peak, as it is a strong altcoins with a big partnership+cheapest transactions between its competitors+fastest transactions too ;)
And what is that green pattern? This is a pattern inside a pattern, XLM has been forming "heads and shoulders pattern" on its way down to form the handle of the cup. Now after forming any right shoulder pattern we expect the price to go up + after forming the handle of the cup we expect the price to rocket! Does it ring a bell? This is only a pattern which if comes true we should be rocketing, however to confirm this pattern XLM has to correct and hit the price D where should confirm the pattern of "cup and handle" and "head and shoulders", so lets wait till the price hits price D= 0.0000366. If the pattern is confirmed we will be mooning!
Some indicators showing a slight movement down:
-Stoch RSI looks on its way down however we should soon seeing it at a 'oversold' level
-MACD is heading down
-Elliot Wave Oscillator is looking to start a small red wave
My advices on this trade is, if you are holding XLM then short for now and this are the buy backs, stop loss etc.
Buy-in=0.0000366-385
Stop Loss=0.0000345 BTC
Target:
1.0.000042 BTC
2.0.000046 BTC
3.0.000050 BTC
4.0.00006 BTC
Good Luck, Traders!
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.