XLMUSD
Final Moments To Catch Stellar Lumens XLM At This SupportHi friends, hope you are well, and welcome to the new update on XLM.
Falling wedge:
On a daily time frame, XLM is bounced from the support of falling wedge pattern with bullish divergence.
Broke out broadening wedge and a re-test:
On a 4-hr time frame, Stellar broke out the resistance of a broadening wedge. Now the priceline is testing the resistance of this wedge as support. There is also a 50 simple moving average support as well.
Tested strong support:
On a weekly time frame, XLM has already tested the $0.18 support and is also likely to form a double bottom as well. Once the priceline will be able to breakout the resistance of the falling wedge
which is formed on a daily time frame then it can reach the big resistance of $0.44.
Conclusion:
If XLM successfully re-tests the resistance of broadening wedge as support and starts a bullish reversal move from here, then there will be a high probability for the breakout from the falling wedge as well.
Stellar Lumens XLM Big Double Bottom With Bullish DivergenceHi friends, hope you are well and welcome to the new update on XLM.
Broadening wedge:
On a 4-hr time frame,XLM has reached the resistance of broadening wedge:
Falling wedge and bullish divergence:
On a daily time frame, Stellar has bounced from the support of a falling wedge. There is also bullish divergence flashed, as the priceline is forming lower low and RSI is setting higher low.
Double bottom formation:
The priceline is also forming a double bottom at $0.18 support.
Conclusion:
If the priceline of XLM breaks out broadening wedge, on a 4-hr time frame, then there will be a high probability for the breakout from the bigger falling wedge pattern.
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
ARIASWAVE MARKET UPDATE - XLMUSD\BTC\DOW\EURUSD\GOLD\10YR-YIELDSNot much has changed since the last market update.
The liquidity that has been driving these bubble markets for decades has hit a brick wall with the rise of the 10YR-Bond Yields as the primary guage.
The Fed has no choice but to extinguish this raging inflation by raising rates.
What came first: the chicken or the egg?
Some say that this is politically motivated but I believe this all just human psychology at play.
Nothing lasts forever and there is no such thing as a free lunch and I believe we are about to find out what the real effects of MMT are as we head into the end of this cycle.
An interesting side note is that the Tulip Mania and South Sea bubbles of the 1600s and 1700s both happened during a time when the 10YR Bond Yields were falling to historical all-time lows.
We once again find ourselves in a very similar situation, so how modern is this monetary theory really? Especially when humans keep forgetting the lessons of the past.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
XLM To New HighsHere is a beautiful swing trade opportunity with multiple confluences on XLMUSD.
After stop hunting equal lows on the daily, we can see smart money accumulating orders for a few days and impulsively breaking the range, indicating that they are ready to go long again.
This morning they returned to there accumulation to mitigate orders before going long.
My target is new uncharted territory and the old daily highs, with the ISO20022 protocol, as well as the future of crypto as a whole, this is realistic in my opinion.
You can find reentries based on institutional concepts.
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Stellar (XLM) - February 10Hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(XLMUSD 1W Chart)
(All: )
It needs to move above the 0.2926 1600 point to turn into an uptrend.
However, it should move above the 60 SMA level to accelerate the uptrend.
0.4029 3161-0.4479 The 8284 section is expected to receive primary resistance.
Keeping the price above the 0.2343 8790 point is paramount.
However, it may temporarily drop near the 0.1642 0803 point, so careful trading is required.
A decline from the 0.1642 0803 point could lead to below the 0.0777 8453 point.
(1D chart)
Since a volume profile section is formed near the 0.1855 4008 point, it is important to maintain the price above this section.
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(XLMBTC 1W chart)
0.0000 1103-0.0000 1288 or higher: Expected to create a new wave.
You need to make sure you can get out of the bottom section by climbing above the 0.0000 0746 point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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STELLAR is on bearish momentum! | 11th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 0.24297 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci retracement towards our Take Profit at 0.18815 in line with 78.6% Fibonacci retracement. RSI is at levels where dips previously occurred and prices are trading below our ichimoku cloud resistance, backing our bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Stellar (XLMUSD) SHORT TO $0.07-$0.06 Stellar (XLMUSD) is going through an A-B-C correction. The correction looks like a Zig-zag correction which is a 5-3-5 wave design
Wave A - Went from $0.8 to $0.19
Wave B - Went from $0.19 to $0.44
Wave C - it's a 5 wave series and I think it will end up at $0.07-$0.06 zone before reversal
Stellar (XLMUSD) going to retrace to 88.6% or 94.1% correction TO $0.07-$0.06. We are presently at 78.6% FIB retracement, so the next best points are 88.6% and 94.1% and they are derived by the following formulae:
88.6% price level is derived by squaring (or multiplying by itself) from the Golden Ratio, 0.618:
0.618 x 0.618 = 0.786 (78.6%)
0.786 x 0.786 = 0.886 (88.6%)
0.886 x 0.886 = 0.941 (94.1%)
88.6% retracement price is $0.11
94.1% retracement price is $0.07
I believe Stellar (XLMUSD) will still be shorted and may find the reversal at that 94.1% zone because that's also a junction point where retracement of the whole five-wave series and the extension of the A-B-C meet
Please like and comment for feedback
XLM, 2 SCENARIOS ARE AVAILABLE...!First, you should see the full view of the XLM then go into the details:
As you see, we are approaching to a very significant area. Basically, we have two different scenarios:
1. Bullish: we should reach the red highlighted zone closed daily candle over it.
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2.Bearish: we need to see a confirmed break from the blue highlighted dynamic support.
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Also, there are some good news coming about Stellar...
I hope to see the 1st phase of my analysis >_-
ARIASWAVE MARKET UPDATE - DOW JONES\BITCOIN - XLMUSD\EURUSDThis is the first ARIASWAVE MARKET UPDATE for 2022.
In my opinion not much has changed since the last one however we have seen some confirmation.
In this video I specfically compare the price action between the Dow Jones and Bitcoin.
-I also compare the price action between the EURUSD and XLMUSD.
-The waves are not exactly the same and neither is the timing between each of the two but they provide important clues.
-It has a lot to do with the larger structures and how they appear to relate to one another.
Of course only time will tell how accurate these assumptions are based on the AriasWave methodology.
So far we can see that these moves are starting to go the way of recent analysis.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Stellar | What is a plan for XLM ?Last month, the Stellar Development Foundation (SDF) participated in a cryptocurrency hearing hosted by the U.S. House Committee on Financial Services.
𝐂𝐄𝐎 𝐃𝐞𝐧𝐞𝐥𝐥𝐞 𝐃𝐢𝐱𝐨𝐧 𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐞𝐝 𝐭𝐡𝐞 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐝𝐞𝐜𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐳𝐞𝐝 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐬𝐲𝐬𝐭𝐞𝐦 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬. 𝐖𝐢𝐭𝐡 𝐭𝐡𝐞 𝐫𝐞𝐜𝐞𝐧𝐭 𝐧𝐞𝐰𝐬 𝐭𝐡𝐚𝐭 𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐚𝐧𝐝 𝐌𝐞𝐱𝐢𝐜𝐨 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐮𝐬𝐢𝐧𝐠 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐭𝐨 𝐫𝐮𝐧 𝐭𝐡𝐞𝐢𝐫 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬, 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐢𝐬 𝐨𝐧𝐜𝐞 𝐚𝐠𝐚𝐢𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭.
The current status of Stellar:
In its seven years of development, Stellar used to have an illustrious history.
It was once a top 10 blockchain project in terms of Market Cap. And even set a record for a 100x increase in token price before DeFi Summer.
𝐔𝐧𝐥𝐢𝐤𝐞 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐫𝐲𝐩𝐭𝐨 𝐰𝐨𝐫𝐥𝐝, 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐡𝐚𝐬 𝐛𝐮𝐢𝐥𝐭 𝐦𝐚𝐧𝐲 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐭𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐈𝐁𝐌 𝐚𝐧𝐝 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬.
However, according to our Analytics, Stellar is currently growing slowly.
After years of growth, it has a TVL of around US$1.5 billion to date, ranking it 40th among public chains, and this rate is far less than that of the up-and-coming public chains that are just starting.
Stellar’s ecosystem is highly underdeveloped, with only two projects at present and very homogeneous.
Reasons for Stellar’s Slow Growth:
Poor Ecosystem Incentives, At the time of Stellar’s creation, an inflation mechanism was set up to prevent a reduction in the circulation of XLM.
Each year the inflation scheme generates tokens equal to 1% of Stellar’s total supply and accounts for more than 0.05% of Stellar’s total share receiving additional XLM coins.
𝐓𝐡𝐞 𝐩𝐮𝐫𝐩𝐨𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐢𝐧𝐟𝐥𝐚𝐭𝐚𝐛𝐥𝐞 𝐦𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦 𝐢𝐬 𝐭𝐨 𝐢𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐢𝐳𝐞. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐬𝐡𝐨𝐰𝐬 𝐭𝐡𝐚𝐭 𝟗𝟖% 𝐨𝐟 𝐭𝐡𝐞 𝐗𝐋𝐌 𝐢𝐧𝐜𝐫𝐞𝐦𝐞𝐧𝐭𝐚𝐥 𝐜𝐨𝐢𝐧𝐬 𝐰𝐞𝐧𝐭 𝐭𝐨 𝐭𝐡𝐞 𝐒𝐃𝐅 (𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧) 𝐚𝐧𝐝 𝐝𝐢𝐝 𝐧𝐨𝐭 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐭𝐡𝐞 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐩𝐫𝐨𝐣𝐞𝐜𝐭.
One reason for this is that the foundation has been involved since the early days and therefore can participate in the annual distribution of newly generated tokens.
𝐓𝐡𝐞 𝐬𝐞𝐜𝐨𝐧𝐝 𝐫𝐞𝐚𝐬𝐨𝐧 𝐢𝐬 𝐭𝐡𝐚𝐭 𝐦𝐨𝐬𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐩𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬 𝐣𝐨𝐢𝐧𝐞𝐝 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝟐𝟎𝟏𝟕 𝐛𝐮𝐫𝐬𝐭 𝐚𝐧𝐝 𝐚𝐫𝐞 𝐬𝐩𝐞𝐜𝐮𝐥𝐚𝐭𝐢𝐯𝐞 𝐮𝐬𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐥𝐢𝐭𝐭𝐥𝐞 𝐢𝐧𝐯𝐨𝐥𝐯𝐞𝐦𝐞𝐧𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦.
The Omission of SDF:
The foundation holds a large number of tokens due to inflationary mechanisms. However, the foundation has failed to use these tokens to help the project function better. In 2019 the foundation has only consumed $40,000 for community projects.
𝐇𝐚𝐯𝐢𝐧𝐠 𝐚 𝐥𝐚𝐫𝐠𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 𝐨𝐟 𝐦𝐨𝐧𝐞𝐲 𝐛𝐮𝐭 𝐧𝐨𝐭 𝐮𝐬𝐢𝐧𝐠 𝐢𝐭 𝐰𝐞𝐥𝐥 𝐦𝐚𝐩𝐬 𝐨𝐮𝐭 𝐭𝐡𝐞 𝐢𝐧𝐚𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧.
In 2019, the Stellar Development Foundation initially mitigated the token mismatch by ending its inflation plan and destroying more than 50% of its tokens. However, XLM still needs to expand its usage scenario.
The Road Ahead for Stellar, Although Stellar ended up lagging since its launch, it is set to make a comeback from 2021.
With the explosion of DeFi projects, multi-currency, cross-chain transfers are a current blockchain pain point, and Stellar offers one of the solutions that define a new standard for global payments.
𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐡𝐚𝐬 𝐠𝐚𝐢𝐧𝐞𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐞𝐱𝐩𝐚𝐧𝐝𝐞𝐝 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬, 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐛𝐚𝐧𝐤𝐬, 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬, 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞, 𝐠𝐚𝐢𝐧𝐢𝐧𝐠 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐦𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐩𝐚𝐫𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐬𝐭𝐫𝐨𝐧𝐠 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐚𝐬 𝐚 𝐠𝐥𝐨𝐛𝐚𝐥 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐜𝐫𝐨𝐬𝐬-𝐛𝐨𝐫𝐝𝐞𝐫 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬.
EVM Compatibility:
The incompatibility of Stellar contracts with EVM means that developers cannot quickly deploy projects on Ethereum to Stellar in February 2021.
FlareNetworks has announced the integration of Stellar Lumens (XLM) with its smart contract platform, thus enabling compatibility with the Ethereum blockchain. If successfully landed, Stellar will be even more scalable.
Stellar’s recent moves show that it continues to interface with the financial community and bridge the gap between traditional and on-chain payments.
𝐖𝐞 𝐜𝐚𝐧 𝐤𝐞𝐞𝐩 𝐚𝐧 𝐞𝐲𝐞 𝐨𝐧 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐚𝐧𝐝 𝐥𝐨𝐨𝐤 𝐟𝐨𝐫𝐰𝐚𝐫𝐝 𝐭𝐨 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐨𝐥𝐯𝐢𝐧𝐠 𝐠𝐥𝐨𝐛𝐚𝐥 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬.
𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐫𝐲𝐩𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐚𝐧𝐝 𝐬𝐢𝐧𝐜𝐞 𝐢𝐭𝐬 𝐥𝐚𝐮𝐧𝐜𝐡, 𝐢𝐭 𝐡𝐚𝐬 𝐧𝐞𝐯𝐞𝐫 𝐛𝐞𝐞𝐧 𝐨𝐧 𝐭𝐡𝐞 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐬𝐢𝐝𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐜𝐡𝐚𝐫𝐭. 𝐈𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐦𝐨𝐨𝐧𝐢𝐧𝐠 𝐦𝐚𝐢𝐧𝐥𝐲 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐢𝐧𝐜𝐫𝐞𝐝𝐢𝐛𝐥𝐞 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐭𝐡𝐞 𝐭𝐞𝐚𝐦 𝐡𝐚𝐬 𝐛𝐮𝐢𝐥𝐭 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫𝐬.
Stellar 2022 road map looks promising as the team pushes harder to keep the payment platform borderless, limitless, and powerful in DeFi space. With more products coming and improvement of the existing ones, $XLM has huge potential to continue mooning in 2022.
Stellar receives an average long-term technical score of 65 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. XLM currently holds a superior long-term technical analysis score than 65% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.
Trading Analysis:
Stellar's price is -$0.0600000 (-19.70%) below its 100-day moving average price of $0.330000000 as its price at the moment sits at $0.250000000. Additionally, XLM is $0.0600000 (-5384.59%) higher than its 52-week low price of $0.200000000 while -$0.54000000 (-1222.75%) under its 52-week high of $0.800000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives XLM an average long-term technical score of 65. Long-term trading movement of Stellar suggest that investors are neutral on the coin at the moment. Stellar has a market capitalization of $6,457,733,682.55 and a relatively high average daily volume with $2,067,837,419.32 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, 𝐗𝐋𝐌'𝐬 𝐯𝐨𝐥𝐮𝐦𝐞 𝐢𝐬 𝐛𝐞𝐥𝐨𝐰 𝐢𝐭𝐬 𝐬𝐞𝐯𝐞𝐧 𝐝𝐚𝐲 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝟐𝟗𝟕,𝟔𝟕𝟔,𝟎𝟕𝟔.𝟕𝟔 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐝
𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐩𝐚𝐭𝐭𝐞𝐫𝐧𝐬 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐥𝐚𝐬𝐭 𝐲𝐞𝐚𝐫 𝐟𝐨𝐫 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐥𝐞𝐚𝐝𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐜𝐨𝐢𝐧'𝐬 𝐚𝐧 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐬𝐜𝐨𝐫𝐞 𝐨𝐟 𝟔𝟓 𝐚𝐬 𝐢𝐭𝐬 𝐜𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐲, 𝐯𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐫𝐞𝐥𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐚𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐡𝐚𝐬 𝐠𝐢𝐯𝐞𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐫𝐞𝐚𝐬𝐨𝐧 𝐭𝐨 𝐛𝐞 𝐧𝐞𝐮𝐭𝐫𝐚𝐥 𝐨𝐧 𝐭𝐡𝐞 𝐜𝐨𝐢𝐧.
- 𝗜𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
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| Review and analysis by Samadi.Finance |
Stellar heading to be stellarFirst lets recap the 1st trade highlighted trade in green. We bought in our buy area and took profit in our profit taking area. That 1st trade pulled in 750%
2nd trade highlighted in red. Again, we bought in the buy area and sold in the TP area. That trade earned over 2500%
Now, here we are right now in our buy zone. Once we launch from here, we are heading to our Take Profit area which will earn us 20,000%. It could take months, maybe years, but a 20,000% payout is worth the wait IMO.
I'm buying and will continue to do so until we break out the buy zone.
...and you? Well, you do you. See you at the top!
Stellar XLMThese are levels that I'll be keeping an eye on when dealing with XLM/USD, and I'll revise as price action progresses.
I adapt to the change in money flow.
It's currently in a ascending channel which typically mean we will more than likely see a break in structure to the downside. If that were to happen then it'll be some great buying opportunities presenting themselves at certain price points.
XLMUSD Accumulation almost over. Look for a 1D MA200 break.Stellar got rejected at the end of December on the 1D MA200 (orange trend-line) and that stopped the rebound from developing into a full rally sequence. That is the Resistance to beat if XLM wants to see a new bullish phase. Practically the pattern from late June until now seems like a giant Accumulation Phase and both in price action and 1D RSI terms is similar with that of April - November 2020.
It was a 1D Death Cross (MA50 crossing below the MA200) that started the Accumulation Phase and another that priced its bottom and ended it. The Golden Cross (MA50 crossing above the MA200) was formed on the peak of the first price rally, so it just confirmed it. Right now XLMUSD is coming off that second Death Cross, so we can argue that the bottom may already be priced in. The confirmation however will come in my opinion once the 1D MA200 breaks, so if you don't want to risk buying now, then buy upon a break-out.
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XLM is about to leave the triangle.XLM is struggling to maintain the $ 0.24 level. We approach the exit of the triangle, we should observe the direction in which we leave the designated zone. Another support at $ 0.20. in the case of a downward move. If the XLM begins to gain strength, it may attack the price of $ 0.275.