XLMUSD a possible bullish reversalHi friends hope you are doing well and welcome to the new update on Stellar. As after hitting the resistance of channel the XLM has dropped more than 24%. Therefore in today's article we will try to understand what the price action can do next.
Bearish Shark pattern has done its job:
In my previous article I revelaed that the price action of XLM has formed bearish Shark pattern on weekly chart and it was expected that the price action will be moved down from here. After heating the potential reversal zone of this pattern now finally the price action has dropped and it has been retraced between 0.382 to 0.50 Fibonacci level.
Up channel and synchronization of price action with indicators:
Now if we switch to the daily chart. Then XLM has formed an up channel like every top cryptocurrency including Bitcoin. The movement of the price action within this channel was very much synchronized with stochastic, MACD and Momentum indicators. Whenever the price action reaches at the supported the stochastic gives bull cross and MACD and momentum indicators turn bullish. The price action follows the signals of these indicators and moves up and hits the resistance of the channel. We have witnessed this move in the month of April and then in the month of May 2020. Recently the priceline again moved at the support of this channel and stochastic and MACD both turned bullish together but so far the momentum indicator is strong bearish. Therefore the price action finally has broken down the support of the channel. And after breaking down the channel the stochastic has given bear cross again.
Support and resistance levels:
We can watch the different support and resistance levels on 2 day time period chart. After March 2020 first the price action broke out the $0.045. Ater breaking out Stellar retested the previous resistance as a support and moved towords next resistance of $0.06. And after breaking out the this resistance level the price action again re-tested this resistance as support and moved up to the next resistance level of $0.08. The $0.08 is one of the most strongest resistance level for the price action of XLM. And this time the price action is again not able to break out this resistance level and after being rejected it is moving back towards the previous resistance of $0.06 to re-test it as support.
A bullish reversal harmonic move:
If we switch back to the daily chart then it can be easily seen that after breaking down the channel price action has completed the formation of a bullish BAT pattern. This is a bullish reversal pattern therefore there is a possibility that the price action will take the bullish divergence from the potential reversal zone that is defined as per Fibonacci sequence of harmonic bullish BAT. But this potential reversal zone should be set as a stop loss. Because once this PRZ level will be broken down then the price action can move more down to complete the final leg of bullish Crab pattern.
Conclusion:
Even though all indicators are turning bearish and the channel support also has been broken down but there is a possibility that the price action will be reversed bullish as it has completed a harmonic bullish move.
Xlmusdtechnicalanalysis
XLMETH SHORTSELL W BOTTOM IN EFFECTXLM is a wonderful token that aims to serve as sort of "currency conversion wood chipper" where you can shove virtually any currency: beit, USD, EURO, YEN, CAD , or even cryptos (including all ERC20 of the 5500 current coins/tokens listens on the market) which is a lot of cryptocurrencies -- well over 2,000* (*fact check me on that)* though the point is: XLM serves to be the intermediary, bridge, gap to convert other currencies into a singular universal currency which then proceeds to have XLM tokens be the effective future 'stabelcoin' focused solely on transnational data.
Needless to say, XLM will play a QUINTESSENTIAL role in global integration -- particularly when it comes to seeing cryptocurrencies transcend from store of value to everyday transnational use.
Factor in the 600 million unbanked in SouthEast East; this is a recipe for success, if the PR, marketing, usability, scalability, (as well as other cards/variables) are played correctly.
Please defer to my last publication where I included a shortsell signal for ETH at 204.90 (around there, linked below) -- which we proceeded to close later that evening; included in the oped is my detailed reasoning & belief as to why in addition to publishin a LONG next to a forexsignal publication that had nothing but shortsell targets if you took notice to read -- you'd have bothered to pay attention and see that the publication in itself was for LONG (SUPERLONG) I believe I said; whereas the forexsignals in themselves were shorts.
As projected; my analysis was correct ...by the end of the week ETHUSD was looming around $234.40 up a staggering 18.12% from the time of publication...and again; this was a LONG publication.
IN the meantime, it's great to take advantage of certain pairings to "stack sats" and collect more #ETHUSD if you're as bullish as I am on it for the longer duration.
Included is this XLMETH short entry that was just too juicy for me to not share with ya'll ; so I decided to hop on and post a publication.
Due to the volatility of current market consolidation periods; I wouldn't suggest posting any longer than SHORTSELL publications (in good confidence) and be absolute in my / whoever's TA's own certainty -- that would be in bad taste & a falsehood : intentionally misleading.
Hence; I've provided a short signal for XLMETH, which in addition to many others, Cardano esp. is ripe with opportunity for quick ERC20/ETH pickings.
Trade Safely, stay healthy, and R.I.P. George Floyd.
Peace & Love
@a1mtarabichi
(all horizontals, including green TP1-3/blue pivot, and most important: red are in publication)
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
XLM Stellar is BOTTOMING FINALLY? (ALT CRYPTOS IN PLAY )Hello friends, It’s time to load up the Stellar BAG as her money printer is about to recover and start printing greens
kindly Like and follow me so you won't be missing any of my updates and Ideas.
As you all know one of the top Alt cryptocurrency known as Stellar (XLM) reached an all-time high of $0.938144 USD on January 04, 2018. But has dropped from top 10 to 20 Alt since then ,
this week though, finally a sign on the daily chart shows that the bottom is calling stellar in.
But does that mean that are we about to catch the bottom?
the chart answered that very clearing and also shows where stellar is liking heading to for a while.
PATTERN DISCOVERED;
Broadening Bottom
chart shows that we have a MACD signal cross on the Daily chart just took place recently a good signal confirmation for XML LONG ENTRY SET UP:
(HIGH RISK SETUP)
ENTRY : 0.078
STOP : 0.058
FIRST TARGET 0.16
SECOND TARGET 0.2
(LOW RISK SETUP)
Less Risky Long Entry Zone :
Enter when a price bar closes outside the pattern in the direction of the breakout followed by a close above the breakout candle, I guess this will be somewhere around the 0.085 to 0.09 zone.
ENTRY : 0.09
STOP : 0.058
Target : 0.8
(This Idea is on a daily chart, so I expect this to be in play for a week or more)
SUPPORT ME WITH YOUR LIKES AND FOLLOW ME FOR MORE IDEAS AND UPDATES
Don't miss the great buy opportunity in XLMUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XLMUSD 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 62.
Take Profits:
TP1= @ 0.08913
TP2= @ 0.11565
TP3= @ 0.16416
SL= Break below S2
This Repetitive Move Is Leading The Stellar Lumens (XLM) To $2Falling wedge:
As we have seen in my previous article that the priceline of Stellar was moving in a falling wedge pattern. When I published my last post at that time the priceline of XLM was at the support of this falling wedge and I was waiting for two more indicators to turn bullish to predict the bullish divergence for breakout. These two indicators are momentum indicator and the stochastic. The reason I am using these two indicators to predict the breakout here because the price action of lumens is very much synchronized with these two indicators. On the chart it can be easily observed that whenever the priceline of lumen hits the support and the momentum turns weak bearish from strong bearish that is a kind of bullish signal and stochastic gives bull cross then priceline takes a bullish divergence and hits the resistance of the wedge.
I was expecting the same move this time. I am sharing the both screenshots the previous one and the current situation. It can be easily obeserved that when I shared the chart in my previous article at that time the stochastic was oversold and momentum indocator was strong bearish. In the next screenshot you can see the current situation that when the momentum turned waek barish and the stochastic gave bull cross the price action again took powerful bullish divergence as it has been doing in the past and at this time the Stellar is attempting to breakout the resistance of this wedge.
The previous move:
The current move:
Volume profile and Bollinger bands:
here the two more indicators are playing very important role one is the volume profile indicator and other one is the bollinger bands. If we place the volume profile on the complete price action moving within the falling wedge pattern then we can see that the trader’s interest is very weak below $0.038. Therefore when the priceline moved down where the trader’s interest is low the XLM turned bullish and reached the resistance of the wedge. And if we see the bollinger bands then it can be noticed that when the priceline made its first attempt to breakout the resistance of the wedge in May 2019 then the bollinger bands was below the resistance of wedge therefore it stopped the priceline of Stellar to have a breakout. After that the priceline made another attempt to break out the resistance of the wedge in Feb 2020. At that time the bollinger bands was again below the resistance of falling wedge and became a strong hurdle for priceline to breakout. But this time we have some different situation the bollinger bands is above the resistance of the wedge. Therefore the price action of Lumens can easily move out from the resistance of wedge, moreover if we observe the movement of the bollinger bands then it can be easily seen that the bollinger bands is slightly moving up and showing its tendency that it is making the way for the priceline to move up.
Bullish Crab pattern:
During the strong bearish move in the month of March 2020 the XLM has completed the formation of bullish Crab pattern. I also have shown this pattern in my previous post. If we take a closer look on the chart then it can be easily noticed that the priceline has just hit the spike in the potential reversal zone and as per sequence of bullish Crab the price line was the supposed to move up in the Fibonacci projection area of A to D leg from 0.382 to 0.786 Fibonacci level. We can see that finally the price action took a powerful bullish divergence and produced more than 93% bullish rally. At this time the 0.786 Fibonacci level is a strong resistance for the Lumen. And we can observe at this time the price line is hitting at this level for third time this is the same level where we also have the resistance of the falling wedge pattern.
Simple moving averages.
The position of the simple moving averages on the daily chart also goes in the favour of the breakout from the falling wedge pattern. If we see on the daily chart then the priceline has aggressively crossed up the 25, 50, 100 and 200 simple moving averages. Now it has the strong support of all these SMAs. And the 25 simple moving average has formed the golden cross with 50 and 100 SMAs and moving forward to cross up the 200 simple moving average. Following the 25 simple moving average 50 simple moving average is also moving up to form the golden cross with 100 and 200 SMAs. The golden cross between 50 and 200 simple moving average is considered as a strong bullish signal among the traders community. They always take it as a strong buy signal. After that we can expect the 100 simple moving average will also form the golden cross with 200 simple moving average. And after all these golden crosses we can have a complete opened alligator mouth of the moving averages below the price action of XLM that can produce more powerful bullish rally.
Long term resistance levels:
Now if we switch back to the weekly long-term chart. Then we find two major resistance levels on the way of Stellar. The first resistance level is $0.09, We can see that upto 2019 this resistance level was working as a strong support for the price action but once it is broken down in August 2019 after that the Lumen never able to cross up this resistance level again even after 3 attempts. Once the priceline will be able to cross up the 9 cents resistance then the price action may re-test this previous resistance as a support and move up to break out the next major resistance at $0.14 after breaking out this resistance the XLM doesn’t have another other resistance upto $0.23, so we can expect a faster move from $0.14 to $0.23.
Powerful bullish move that can lead the XLM to hit $2:
Now I would like to show you my favourite part of this analysis and that is the harmonic move of Stellar. If we move back in 2017 the priceline formed a big bullish harmonic BAT pattern on long-term weekly chart. And from the potential reversal zone of this BAT pattern the price action moved up with very powerful bullish divergence that leaded the Stellar to hit $0.51 that was more than 4000% powerful bullish rally. Now if we switch to the more bigger time period monthly chart then we can observe that same as like the previous move of 2017 the price action has a gain formed another very big bullish BAT pattern. And from past 5 months the priceline was moving at the bottom of this is BAT and now it has retraced back in the potential reversal zone. The potential reversal zone of this BAT starts from $0.11 and ends up to $0.059. We can expect another very big powerful divergence from this PRZ level but if I talk realistically then as per Fibonacci sequence the price action of Lumens should enter in the Fibonacci projection area from 0.382 to 0.786 Fibonacci projection of A to D leg. That is from $0.23 up to $0.41 that is also upto 600% big gain. However for stop loss we should use the potential reversal zone to minimize our risk.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
STELLAR LUMENS (XLMUSD) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
BULKOWSKI DOUBLE KILL (hat-trick soon to come?) XLMBNB BOOM!
STOP 3202
TP1 3454
TP2 3506
Wasn't too satisfied with this last publication -- $MTLBTC is way too VOLATILE & the risk/reward ratio is non-consequential.
Here we've got BULKOWSKI"S DBL BOTTOM DONE RIGHT! with a C&H to boot!
I've been sleeping on a bag of XLM for some time now & with recent news coming out of the MidEast (for those of you unaware) XLM was built to do the one thing that essentially dismisses the need for a global cryptocurrency: rather than creating something like $LIBRA for everyone to store/transact/save with; XLM is like a woodchipper only instead of shoving logs of wood down the hatch you're throwing different currencies: beit EUR/CAD/BTC/LTC/EOS IT makes no difference -- instead of producing woodchips it churns out a pile of XLM sats! SO a unilateral currency converesion crypto with nominal fees & almost instant transactions defeats the purpose of a global currency, hence the reason why XLM is and always will be a major chunk of my SUPERLONG portfolio (in my cold storage) as I was blown away by the whitepaper & roadmap.
Keeping this publication neutral for the time being as windows for BTC/ETH pairings are slowly opening & shutting in tandem.
I would encourage anyone to read the roadmaps & whitepapers of coins/tokens in their portfolios; afterall, you wouldn't purchase a product or service if you didn't know what it was or did, would you?
It shocks me to see how little people know about crypto & still choose to actively forex trade; you're essentially gambling at this point...if you cannot distinguish that BTC and BLOCKCHAIN are NOT mutually exclusive -- YOU SHOULD NOT be trading, go back and do some research (or go to Vegas, that way you'll atleast have some fun before you lose everything) though I am not here to go on a tangent, merely to forewarn you of what you could lose based on my own idiocy circa 2014-15 through trial & error.
At the end of the day its your money and you'll trade / invest how you want; I am just encouraging you to make sure you have all the information, resources, tools & news/rumors at your disposal so that you're making informed & fiscally responsible choices with your assets/savings rather than doing whatever crypto_X where X = douchebag tells you to do for even crypto_DOUCHE doesn't know what he's talking about.
It is one of my quintessential 10 crypto commandments (on my steemit/linkdeln -- check out the article @a1mtarabichi) and arguably my favorite one of my 10: "DO NOT LISTEN TO ANY ONE TRADER"S ADVISE/TA, MYSELF INCLUDED!"
With that being said: i'll conclude this publication so that you don't FOMO/FUD if you so choose to make your entry.
DISCLAIMER
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Happy Monday Folks !
-@a1mtarabichi
XLMUSD forming bullish Crab | Upto 98% bullish move expectedPrice action of Stellar / US Dollar is forming bullish Crab pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.048953 to 0.038544
Sell between: 0.057035 to 0.076600
Enjoy your profits and regards,
Atif Akbar (moon333)
XLM testing a 2 year downward trend lineShould XLM break the red trend line as drawn ((shown here from June 2018 till date), I expect it to hit 0.094 to 0.098 range and correct itself to 0.07 to 0.074 range before starting its upward journey to 0.14 to 0.16 before the next resistance will come into play.
Am optimistic about this time.. Happy trading.
XLMUSD formed bullish Crab | A long opportunityPriceline of XLM / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.052774 to 0.051811
Sell between: 0.053524 to 0.055333
Regards,
Atif Akbar (moon333)
XLMUSD formed bullish Crab | A buying opportunityPriceline of XLM / US Dollar cryptocurrency has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.056838 to 0.055971
Sell between: 0.057510 to 0.059134
Regards,
Atif Akbar (moon333)
XLMUSD formed bullish Gartley | Upto 23% expectedPriceline of XLM / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.07214152 to 0.06784270
Sell between: 0.07552560 to 0.08360964
Regards,
Atif Akbar (moon333)
XLMUSD formed bullish Cypher | A log opportunityPriceline of XLM / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.078361 to 0.077317
Sell between: 0.079354 to 0.081503
Regards,
Atif Akbar (moon333)
The BAT Always Pushed The Stellar To Achieve Highest Price EverThe XLM token started with the opening price of $0.002251 in Jan 2017 as per Kraken exchange and reached at $0.06700 within 4 months on May 2017 that was more than 2,876% huge bullish move which brought the Stellar in lime light and in a very short period of time the token came among the top cryptocurrenices list.
The market cap was increased from 17,173,226 to 585,609,334 which was more than 3310% difference.
Then after May 2017 to July 2017 the XLM faced strong bearish trend and the price action dropped from $0.067 to $0.0122 and that was a really huge loss of more than 81%.
For more than 3 months this bearish trend was continued and on week chart every candle stick was being closed lower than the previous candle stick and the people were expecting more worst situation for future.
Upto July 2017 the Stellar was not as that much older that the traders would get signals from different indicators on week chart even the first exponential moving average with time period of 20 was appeared in May 2017.
The Nature's Role:
But in the meanwhile the nature was playing its role and the supply and demand of traders formed a harmonic pattern that was a bullish BAT harmonic pattern. After initial leg which was from Mar 2017 to May 2017 the B leg was retraced upto 0.50 Fibonacci and B to C leg projected between 0.382 to 0.886 Fibonacci and this was the projection of A to B leg as exactly required for BAT. Then the last C to D leg retraced between 0.786 to 0.886 and this was the potential reversal zone as per bullish BAT, then from July to Aug 2017 the consolidation period started and the price action moved sideways. Then in all of a sudden the exponential moving average 10 which was likely to cross down the EMA 20 to form a death cross, moved aggressively up and in very next week the price action hit the 51 cents which is the all time high sofar by Lumens.
This time the Stellar is making almost similar move and this move is more broader than the previous move of 2017, and we also have more indicators and moving averages available to measure the priceline moves.
After Feb 2018 we had a strong bear move which leaded more than 69% loss then in the month of April 2018 the bulls took the charge again and brought the XLM price upto $0.46200 and recovered more than 59% loss but this move was not for making another high therefore after hitting the $0.46200 the bears took the charge again and leaded the price action upto $0.052 in Sep 2019 which was more than 89% loss from the highest ever price of $0.5100.
1st sign of breakout:
Since Feb 2018 the price action was moving within a pennant and after a year on Feb 2018 the priceline hit the second time on pennant support and this hit produced a bounce which leaded the price to hit the resistance of pennant and broke out on May 2019, during this the exponential moving average 10 was likely to cross up the EMA 20 but could not make this golden cross then a price correction period started which leaded the price again down upto $0.0542, this time the RSI went in oversold zone and now the EMA 10 is again moving up to make another attempt to form a golden cross with EMA 20 if this golden cross will be successfully formed then it can again lead the price action for all time high as it took place in Aug 2017. We have the MACD strong bullish.
Stochastic upto month chart has given bull cross.
The Nature Is Again Playing Its Role:
Again the buying and selling trend from the humans has given the price action some certain directions and the Stellar has formed again a very big natural bullish BAT pattern on month chart.
After initial leg the A to B leg is almost retraced upto 0.50 Fibonacci and B to C leg is moved the projection area of A to B leg between 0.382 to 0.886 Fibonacci and now again the last leg is retraced between 0.786 upto 0.886 Fibonacci And this time the Stellar price is again entered in potential reversal zone of BAT like it was in July 2017 and now we can expect another very strong bullish divergence which can lead the price action to achieve higher than the previous high 51 cents.
Even though this move can lead to the highest ever price in the history of XLM but realistically we can sell between 0.382 ot 0.786 Fibonacci projection of A to D leg, so the targets can be as below:
Buy between: $0.110241 to $0.059381
Sell between: $0.231517 to $0.413568
Regards,
Atif Akbar (moon333)
XLMUSD formed Shark | A good buying opportunityPriceline of XLM / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.068239 to 0.067357
Sell between: 0.069275 to 0.071303
Regards,
Atif Akbar (moon333)
XLMBTC C&H+VOL INDICATES BULLISHParabolic movement pending for short-mid on XLMBTC as altseason is in full swing while the majority of the top 100 market cap alts are currently playing catch-up & consolidation to parallel recent BTCUSD price surge is in full effect.
TP1-4 with pivot & short/stop figures according to Fibo/KC/BB/EMA20/VOL/C&H
Trade safely and always use your head; not your gut!
Disclaimer
Not financial advise.
-@a1mTarabichi