XLMUSD
Understanding whats going on XLM right now! XLM is currently doing new all time highs and higher lows, which means the market is in a upptrend.
XlM broke out the all time high resistance line! Why is the market going down right now ? DONT panic! as we can see in the picture XLM is doing higher lows and it currently doing the all time high RESISTANCE LINE to SUPPORT line.
After when the resistance line is a support line we can expect a HEALTY push upp to new all time highs.
- Understanding the currently trend we are in right now, we can see we are making higher highs and higher lows,
which means we are in a upptrend.
- The reson why XLM made a dropp is becus the market did a pullback and made the old all time highs resistance
line to a support and we can see how the candels are actully respecting the line.
- We are in a all coin season too, we can expect a big move for XLM.
Stellar (XLM) - April 14Hello?
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(XLMUSD 1W chart)
(1D chart)
We have to see if we can get support at 0.64941588 and rise above 0.7265838.
If it falls, we need to make sure we get support at 0.61239400.
In particular, it remains to be seen if it can rise along the uptrend line.
If you fall at the point of 0.49507488, you need a short stop loss.
The next volatility period is around April 24th.
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(XLMBTC 1W chart)
(1D chart)
We have to see if we can get support at the 1029 Satoshi point and climb above the 1130 Satoshi point.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
XLM/USD - Major move. Stellar to re-test ATH at $0.9! Stellar is fast approaching its previous ATH at $0.92. This was our top last time and we're on a rocket to retest it.
We have only one major resistance before this can happen at $0.73, after that, ATH is in range.
Today we made a massive break above a major resistance at $0.58 which pushed us down twice before. Now that we made it support, we can celebrate future price gains.
The indicators are sexy with RSI and MACD looking very bullish on daily. Volume has also picked up in this last week or so, which shows this move higher has legs.
I expect continuation and a nice bull run higher. Granted, XLM is also following XRP which usually pumped twice as strong, so any pump in XRP leads to XLM making good gains. The opposite also applies. This is because bots seem to trade these coins together / they are correlated.
Enjoy the ride! Bias remains very bullish.
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XLM updatenot an advisor. these are my personal notes for reference and benchmarking.
XLM update. I developed this fractal as an average of past parabolic moves this cycle. This was developed on april 1st and first published here on TA i think like a week or more ago.
I myself was a little disappointed in XLM's performance the past couple of days but now having confirmed that it was retesting its prior ATH as support (flipping it from resistance) AND seeing this fractal again has assured me we are pretty much right on track for further continuation till (conservatively) $0.75 and perhaps even $0.90 this move.
$XLM is bullish but not short term.There are two possible scenarios green and red paths.
0.6562 would become a support or resistance.
If it resist a cup and handle pattern would be possible otherwise a breakout and retest will occur with higher high.
The possibility of a resistance is more because of high funding rates.
Just an possible idea.