XLM Ready to Take OffHey guys!
I'm back with one of alts that is about to explode!
Most of you may already be aware of it along with XRP.
Not much description needed for XLM/BTC.
Double bottom on daily and multiple indicators shows green/blue whichever is your favorite.
Please like and follow!
I hope my chart helps with your decisions!
XLMBTC trade ideas
Long term basing pattern - preparing for a BIG move !!When I first got back in at the beginning 2020 at 560 satoshi I did not realize yet that it was THE bottom for Stellar !
So I got shaken out of it during the "COVICRASH" in march 2020.
Today I realize that XLM is basing out beautifully and preparing for a BIG move (big base - big move). SIDEWAYS PATTERN FOR ALMOST 12 MONTHS !!
OBV is rising consistently.
Volume is solid also... there was a HUGE volume spike on 13th march when I sold !! That was the panic low ! THIS DATE IS NOT CASUAL and means a lot in occult terms ! 13 03 2020.
RSI is rising consistently and is forming a positive divergence to the (sideways moving) price.
It is time to take a position.
This morning I sold 50% of my VET position after a 100% run and bought XLM with the proceeds.
XLM is one of the chosen ones and its future will be stellar !
XLM/BTC (Holding Above 50W MA)XLM/BTC
-Stellar has been consolidating for a year now
-this has been a long process of accumulation
-it is now holding above the 50W MA
-which signals a potential start of a reversal
-but until we break the top box resistance
-we can not confirm yet the true trend change
-if you are a long term investor
-you can still hold this coin
-but have a stop loss below 564 sat
XLM history repeats? Please feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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Stellar has been trading in this range ever since the beginning of Juli 2019. A breakout is waiting to happen, but in the meanwhile she has given us several nice opportunities to make some profit.
Since November price has gone from below the 100-MA to above it on four occasions. All of which have led to an increase in price. Three out of those for were very nice trades between 19% and 37%. One of them was just a little under 7%.
Price has now once again crossed above the 100-MA and the setup is looking good. Depending on how the day will end, we might see three white (green) soldiers appear.
Entry: now
Target 1: 795 sats (daily resistance)
Target 2: 887 sats (daily and weekly resistance and the top of the consolidation channel)
Mind you though, this is a risky entry as we might also see a further retracement back towards the bottom of the channel. Make sure to set your stop loss.
No financial advice.
XLMBTC 4D: 45% gains setup BUY LOW (SL/TP)(NEW)Why get subbed to to me on Tradingview?
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-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
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XLMBTC 4D: 45% gains setup BUY LOW (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
losses before reversal (BULLS).
🔸 Summary and potential trade setup
::: XLMBTC daily chart review
::: Speculative bullish setup
::: more losses short-term
::: 600 bottom BUY setup
::: 40%/45% gains possible later
::: strategy: BUY LOW 600
::: TP bulls is +45% BUY/HOLD setup
::: buy low near my level and get rewarded
::: TP bulls is 900
::: but reversal soon after from my level
::: good luck traders
🔸 Supply/Demand Zones
::: dem/supp N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLISH
XLM keep eye on breakoutTrade the breakout
Aiming for XLM possible easy 10% swing
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.