Xlmusdt
XLM soon to break $1XLM/USDT successfully broke out from the inverse head and shoulders pattern it formed on the 4h time frame and is now looking to break upwards past it's ATH and push towards my first TP target at the 1.618 fib extension level ($0.87). Thereafter we should see a second leg up towards the $1 level which will be a large psychological resistance. Once broken, our second TP will be at the next fib extension level of 2.618 ($1.18).
It will be interesting to see how this plays out over the coming weeks ahead with May being a historically bullish month for altcoins. Be sure to follow me on TradingView to stay updated and for future analysis.
XLM about to explode!Here's a quick look at XLM 2 hr chart. As we can see, the price has fromed the cup and handle formation and is right now breaking out!
The idea is: Buy the breakout from the handle and Take profits at the levels shown in the chart.
Targets:
1. 0.66$
2. 0.88
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Stellar XLMUSD - Potential Bullish ScenarioThings to Note:
1. Bullish Market Structure- Printing HH and HL
2. Price forming an Ascending triangle pattern
3. Following a rough uptrend line
4. Volume is low atm but it should expand at the BO
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
Target for XLM/USDT: $0.77, +19%Despite deep drawdowns nearly every month of this bull run, Stellar’s XLM kept making new local highs.
It’s still well below its 2018 all-time high of 93 cents but that level no longer looks outrageous.
To check the trend, we’ve asked Hybrid Intelligence the following question:
“The cryptocurrency Stellar (XLM/USDT) settled at 0.64661 USDT at 08:40 AM UTC at the Binance exchange on Friday, May 7. Will XLM/USDT trade above 0.77166 USDT (+19.34%) earlier than trading below 0.52156 USDT (-19.34%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 87%
The result is clear: even with a +19% target Hybrid Intelligence is bullish on XLM/USDT. The targets reflect the pair’s recent high volatility so don’t expect it to be an easy ride.
Stellar ready for interstellar travelXLMBTC is the largest base I have ever seen in crypto. The weirdest and largest at the same time... This could seriously reach the stars once it gets going. I think there are some pretty big forces behind stellar, especially as Jed McCalleb has managed to escape from the wrath of the SEC.
Stellar is one of those coins that had a massive run in 2017, its supply also increased massively, was the only one that held strong without capitulating for so long... And was the only such large coin with such few listings. Clearly a lot have changed since then, tons of listings, tons of news pairs and so on... And I think this will have a massive impact on the price. Jed is also a very rich and powerful man and they are trying to do quite a lot of stuff to send it much higher. In terms of price, this is more than ready.
The two lines are the places i'd sell some short term. Looking fantastic and I don't think the pump will be delayed for much longer, especially when it makes a new ATH vs USD.