STELLAR - Shorts Looking LikelyStellar came down from a massive impulse in the last few months and we are currently in an expanding correction.
Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom.
SHORT IDEA:
Wait for ascending correction to break and enter with stops above 0.302.
Targeting: 0.2
LONG IDEA:
Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
XLMUSD
STELLAR - Shorts Looking LikelyStellar came down from a massive impulse in the last few months and we are currently in an expanding correction.
Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom.
SHORT IDEA:
Wait for ascending correction to break and enter with stops above 0.302.
Targeting: 0.2
LONG IDEA:
Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
ARIASWAVE MARKET UPDATE - USD\DOW JONES\BITCOIN\STELLAR XLMAs we head towards the end of the month, we can see the tide turning in the US Dollar.
This is important because the US Dollar is the driving factor when it comes to ALL MARKETS .
AriasWave joins the dots and brings you invaluable insights as to where these markets are heading.
As the US Dollar continues to decline in Wave E, it is very obvious that something BIG is brewing under the hood.
This is very apparent using the AriasWave methodology because of what the pattern suggests lies ahead over the next few years.
Markets will become increasingly volatile from this point on due to underlying economic factors that the world will be facing during this time.
I have linked some previous ideas below to help you get up to speed if you are new to AriasWave.
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?
Now, XLM Is so cheap. Take the chance!
Dear traders:
XLM has the potential for extraordinary gains.
I think XLM will rocket to a staggering $6 by 2022. Therefore, Stellar Is good for investment.
Now XRP is 0.73 $ and XLM is 0.27 $, fight (face-to-face) is near!
Also, 9 -years analysis is shown in the chart.
XLM USD is ready to go higherXlm has found support around 20 cents and short term support above 25 cents
Xlm has seen a massive retracement from the recent high nearly 3x the current price, people were willing to pay 80 cents for it not to long ago so why should you be afraid to buy it at 25 cents? Some of you guys really need to pick a project you can get behind and stick with it instead of chasing these pumps! DCA into a coin you believe in! Don’t miss out chasing things and be caught saying that you knew that was a gem but you were to busy dicking around with sketchy projects to just buy back then what is a small fortune in the future!
Stellar is a very fast moving coin if you look at the history of price is tends to explode upward in a parabolic manner and slowly sell off before the next leg up. I think that next leg up is coming shortly. Stellar has smart contracts on a very fast network with much more decentralization than ripple.
I will be accumulating as much as possible below 50 cents especially around 20 cents. Don’t be surprised if you get caught waiting for a dip and it takes off. I think DCA is the way to go here because of the explosive nature of xlm’s price action.
Checkout my previous analysis on Xlm as well!
Stellar is on the move $XLM #XLMStellar is on the move. After breaking a downtrend, Stellar moves up again. Upcoming resistances and price targets are plotted in the chart.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
Stellart XLM is going to take off🚀 300% possible easyNice opportunity to buy XLM right now. Here is why technicaly:
Price is oversold, under the cloud
Tenken and Kijun cross coming(That might be a first sign for trend reversal)
Chikou is pointing up
Watch on dates(GANN Pivots):
07.31
09.22
Stay sick guys!
XLM Surges After MoneyGram Takeover Rumour
Stellar Lumens surged by a strong 12% today as it surges to $0.25.
The push higher allowed XLM to climb above the 20-day MA and break a long-term falling trend line.
Against Bitcoin, XLM also pushed higher to 774 SAT and is back above the 20-day MA for the first time since May.
XLM surged a strong 12% today after rebounding from support at $0.2 earlier in the week. The push higher has allowed XLM to break a falling resistance trend line that was established at the end of May. It also allowed XLM to break back above the 20-day MA for the first time since mid-May (providing today’s candle closes around $0.25.
The surge occurred after the news circulated that the Stellar Foundation is planning on executing a takeover of MoneyGram. The acquisition was reported by Bloomberg, and it states that the money transmitter business would be bought by The Stellar Foundation in a partnership with Advent International.
MoneyGram, established in 1940, previously had an investment from Ripple after they acquired around 10% from a $50 million investment. However, the partnership was dissolved after the US SEC launched litigation against Ripple.
Stellar Lumens is now ranked in the 17th position with a market cap value of $5.78 billion.
Stellar Coin Price Analysis
What has been going on?
Taking a look at the daily chart above, we can see that XLM dropped beneath the 200-day MA at the start of June and established a solid downtrend from there. It had previously dropped from above $0.75 to reach $0.35 during the mid-May market capitulation that the entire industry experienced.
XLM dropped as low as $0.2 during June and rebounded from there toward the end of the month. However, it was unable to overcome the 20-day MA and continued to drop lower in the first half of July.
During this week’s BTC price drop beneath $30K, XLM fell lower to $0.2. However, the daily candles did not close beneath $0.212, where it found support at a .786 Fib Retracement level.
XLM rebounded from $0.212 yesterday and the 12% price hike today allowed XLM to break above a long-term falling trend line that was established toward the end of May. Additionally, XLM also managed to break above the 20-day MA. If today’s candle can close above the 20-day MA, this would be the first candle closing above it since mid-May, before the market capitulation.
Stellar price short term prediction: NEUTRAL
XLM is neutral right now, but a drop beneath $0.2 would certainly turn the market bearish. On the other side, it would possibly have to rise above $0.4 (200-day MA) to be considered bullish in the short term. However, a break above $0.3 would signal the first move of a short-term bullish rebound.
Looking ahead, the first support lies at $0.24 (20-day MA). This is followed by $0.212 (.786 Fib Retracement) and $0.2.
If the bears continue to drive XLM beneath $0.2, added support lies at 40.176 (downside 1.272 Fib Extension), $0.163 (downside 1.414 Fib Extension), $0.15, and $0.144 (downside 1.618 Fib Extnesion).
Where Is The Resistance Toward The Upside?
On the other side, the first resistance lies at $0.25. This is followed by $0.28, the 50-day MA, $0.285, and $0.3.
Beyond $0.3, additional resistance is expected at $0.339 (bearish .236 Fib Retracement), $0.35, $0.4 (200-day MA & 100-day MA), and $0.426 (bearish .382 Fib Retracement).
XLMUSD - Wave E Looks Complete - Heading For The Highs...In this video I give a quick update on this move which has been hanging around the same levels for the last month.
The count has been adjusted to include the latest price action.
Not your usual 5-Wave move to the downside in part due to the skewed alternation towards the lows.
This type of choppiness at the lows is typical of a Wave E but only serves as a clue as to what the whole pattern is.
Aside from the count not much has changed because AriasWave is focused on the larger pattern.
Small degree moves are effectively just noise unless you are trying to learn the waves.
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.