XLM BULLISH!, Next Target 0.7746 Minimum, New ATH < 20 DaysHi everyone,
CHART Analysis
I'm very bullish on Stellar Lumens and see a huge jump up, the price is currently moving above strong support, and ranging within an ascending wedge.
Once we Push Above 0.517, out next resistance is at $0.61 & and once we breakout from that resistance and flip it to support we should rally a minimum of 25% to 125% depending on volume, BTC price & market sentiment and the white energy that is building up on the 3-day, 5-day, and weekly.
XLM will aim to break its previous ATH of 0.98 and reach the 2.618 fib level of $1.06, I then expect a small retrace, and them we can gear up for $2-$4
Also, looking at the bottom of the chart we see that the green line is crossing the Red RSI going up which is a good sign indicating that prices are going up.
Something interesting I noticed is the consistent pattern XLM has been printing and calculated some numbers, I found out that XLM has been spending 19.6% less time between every peak and the following one.
so if that remains the same we can expect the target of $1.06 by March 10th
Fundamental Analysis:
Furthermore, XLM is fundamentally better than XRP and is decentralized.
Remember, XRP jumped from 0.19 to $4.51 during the last ALT season, and with XRP being in muddy waters due to the lawsuit with The SEC, we can only expect XLM to continue rising.
As BTC stabilizes and ETH exhausts from reaching higher due to ETH-Killer Tokens, inevitably money will start to trickle down from top 5 Coins by Market Cap to XLM.
There are numerous partnerships being announced regularly, making XLM THE LEADING PROJECT in its field.
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Other interesting news that could have a positive affect on XLM price:
"Ripple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities Violations" - Published on Coindesk within the past 2 days.
This is not a financial advise. DYOD&R.
Are you interested in other coins I can cover? Mention them in the comments!
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Thank you!
Xlmusdt
XLMUSDT price poised for a breakoutXLM price hit a pause after reaching $0.60 on February 13. Since then, Stellar entered a consolidation period. It formed a series of lower highs while the horizontal support at $0.46 has rejected any downward pressure.
By drawing a trendline around the swing highs and another at the underlying support, a descending triangle seems to form. As XLM price moves closer to the triangle’s apex, the odds for a bullish impulse increase. If Stellar can slice through the $0.51 resistance, then the descending triangle forecasts a 25% upswing to $0.60. The target is determined by measuring the distance between the pivot high at $0.60 and the horizontal support at $0.46 and adding it to the breakout point.
It is worth mentioning that there are instances where descending triangles formed as reversal patterns during uptrends. Therefore, investors must pay close attention to the $0.46 support level. If XLM price manages to slice through this demand barrier, then a 25% pullback to $0.34 can be expected.
XLMUSDTHello to you all. Mars Signals team wishes you high profits at all times.
As you can see the price has broken out of the triangle as we predicted.
The first scenario would be that during the coming week the price can start moving toward its resistance.
The second scenario would be that the price would start ranging in the channel and then move upward.
Of course the third scenario would be that if it can not experience higher prices and the buyers do not support the price, we can expect a falling.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
XLM/USDT : Bullish flag on 4H TF BITBAY:XLMUSDT
Hello everyone 😃
XLM had a breakout from last ATH's resistance.
Now it's formed a Bullish flag here.
We expect a rejection from flag at 1st but major target is 0.8$
📍 There's 2 buy zone, 1st at support line and 2nd will be above flag after breakout.
🔴 MACD is being Bearish, So any candle closes below 0.5$ will change direction !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
XLM BREAKING OUT OF DESCENDING WEDGE. BULLISHABOVE HERE WE HAVE A CLEAR CANDLE BREAKING AND CLOSING ABOVE THE RESISTANCE THAT WAS CREATED BY THE MOST RECENT HIGH. XLM HAS BEEN REPEATING A SIMILAR PATTERN AFTER EVERY LEG UP THAT ENDS UP TAKING ABOUT HALF THE TIME OF THE PREVIOUS ONE UNTIL BREAKOUT.
I just realized caps on lol, oops!
XLM has been moving within this channel since November of last year, if we break above, then we are headed towards the 1.618 fib which is $0.73, then if the white energy is there then we can go up to $1.12, fib 2.618.
Regardless if we break out of the channel, I think we should still be going up from here.
Please like, follow, and share if you agree.
and if you don't, please explain why!
I hope we can all learn from each other and teach positive things.
DYOR&D. Not investment advice, merely my opinion.
Cheers
ExpoGains!
💡Don't miss the great buy opportunity in XLMBUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.44800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Stellar/BUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.54000
TP2= @ 0.60000
TP3= @ 0.66800
TP4= @ 0.72500
TP5= @ 0.80600
SL= Break below S2
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Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in XLMBUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.44800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Stellar/BUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.54000
TP2= @ 0.60000
TP3= @ 0.66800
TP4= @ 0.72500
TP5= @ 0.80600
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Buy limitTrade With Proper Risk & Money Money Management..
Only Trade If You Find a Confirmation.
( Engulfing / Pin Bar , Volatility , FU Move Etc..).
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XLMUSDT - Wait for retracement