Stellar Support at 0.33, Short Term Target of 0.4 Trend Analysis
The main view of this trade idea is on the 15-Min Chart. The Cryptocurrency Stellar (XLM) just recently broke the short term downtrend after holding support around the 0.33 price level. Expectations are for a change in trend from lower to higher, with a target of 0.40. A negation of this view will be determined if XLM were to break below 0.33.
Technical Indicators
XLM recently broke above its short (25-MA), medium (75-MA) and long (200-MA) fractal moving averages. Also the RSI is above the 50 level and has not hit overbought conditions. The KST is in a positive mode. Moreover, over multiple timeframes XLM is displaying buy signals at the time of publishing.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 0.33 price level and a target of 0.4. This produces a risk-reward ratio of 2.12.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Stellar.
XLMUSD
XLM UPDATE - Corrective Patterns Repeat Time and Time Again!In this video update I explain the current price action in XLM.
If you have been following my work across the different platforms you will see how this all fits together.
Currently Wave (C) is getting ready to move higher in a third-of-a-third wave.
Once you grasp these concepts which are unique to the AriasWave methodology it will give you peace of mind.
Patience is only possible when you learn the waves otherwise it's just hope and wishful thinking.
Check out some previous related ideas linked below.
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.
Up Up and Away?!?!? XLMUSDHello Trading View Community,
One thing to note is RSI going into overbought zone and although XLMUSD is over the 0.236 Fib Level, it still needs to clear the rest of the local resistance zone.
Thank you guys for checking out this idea on XLMUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise
Falling Wedge Pattern
Dear traders:
1- A Falling Wedge is a Bullish pattern.
2- A Falling Wedge is a reversal pattern.
3- In a Falling Wedge Pattern, the price target is equal to the height of the back of the wedge.
What else is new?
1- Entry Time.
2- knowing how to make money out of the different patterns.
see attached Idea.
XLMUSD - The Jesus Cup Trade - I'm All The Way Up!This is an idea long time coming and more recently from my YT livestream dubbed the Jesus Cup Trade.
This is the first of 4 Trades that will yield in some pretty decent gains especially if you have been long since the lows.
In this scenario we are taking a conservative approach with these parameters:
Entry: 0.31102
Stop: 0.27849
Target: 0.79371
Risk\Reward: 15.0
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.
XLMUSD - Some Explanation Leading Into The NFP's - ARIASWAVE 101In this video I talk about waves, what's new?
The waves are the only important thing you should be observing on a chart!
Aside from the waves what else would you be looking at?
A higher high? A lower low? Indicator? Oscillator, Alligator, News, Planet Alignment, troll comments?
They are all useless.
So far no one has any good argument against proper wave analysis which you can only find here.
By the way this is just the beginning, I have only just begun to get my feet wet here.
Stay tuned.
See related ideas linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Each video idea I post builds on the previous idea as I use AriasWave to try and navigate the waves in Crypto Markets.
XLM Continues Testing Resistance: Big Uptrend ExpectedHey traders 👋
As the chart shows 📈 :
- XLM is testing Resistance again and again 🦾 , this means that buyers are propense to buying even near resistance → signal of buying strength
- It's also forming interesting patterns (see attached idea)
In my opinion, the best time to buy is near the short-term support(which in long-term is nearly the resistance area), I am expecting big uptrend in the following days/weeks
Should I buy XLM or XLP ? As I said earlier: December 2020 / January 2021 was the time to sell XLM (you could buy more than 1 XRP with 1 XLM) !!!
There has been a time to sell XRP for XLM (during most of 2019 or 2020 you could buy 4 XLM with only 1 XRP) !!!
Now the time is to hold both..... or if you prefer, you can buy both. We are in neutral territory.
Whatever you will choose to do .... God bless you and your investment !!