XLMBTC trade ideas
XLM range tradingThird time XLM/BTC is touching the bottom of this channel it is trading in since mid-june. It took a while after the first touch, namely a second touch, but after that we got a nice 25% move up. This seems an interesting opportunity.
I'm not counting the third as that wick is definitely false price action or maybe even a shake-out. Anyway, setting a stop loss below the previous low and my target at 20%. Let's see how this goes!
XLMBTC is testing the daily support 🦐XLMBTC is testing the daily support after a breakout from the bear flag.
If the price is going to lose the daily support, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
XLMBTC Rdy To Bounce From Support ?Inverse H&S on the Daily timeframe which would result in an estiamted pump of arround 35% against BTC.
Current resistance at 865 Sats.
RSI in the 60's, With an ascending support line on the RSI.
MACD crossed Bullish.
First break until 1035 Sats with a retest of the 865 Sats to confirm the breakout from the H&S.
If succesfull we may search some higher values with resistance arround 1550 Sats ( From Broadening Wedge Look Chart )
On the weekly chart we still maintain the long term support line which we only broken /w the NoNo Virus at those times.
Do your own research this is not finacial advise.
GL HF Trading.
XLMBTC Technical Analysis
⏳ Spot
💎 XLMBTC is expected to go to the Pullback zone before it goes up and breaks above the resistance. If it breaks above the resistance we will expect that the price goes higher after the retest.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.00000700
☕️ TP1 0.00000815
🍺 TP2 0.00000850
🍻 TP3 0.00000940
🍾 TP4 0.00001050
🍷 TP5 0.00001150
🍸 TP6 ___________
🍹 TP7 ___________
🎁 TP8 ___________
🚫 SL 0.00000640
Good Luck 🎲
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XLM/BTC - Primed for breakout after 2yr consolidationIn my humble opinion, XLM/BTC has broken out of a descending wedge. This is a bullish formation and is seemingly confirmed - could this be an early sign of an impending impulse wave to the upside? Regardless, decent long opportunities for the short/mid-term assuming we see continuation. XLM has a strong correlation with XRP, which has been showing signs of a bullish breakout as of late. We will ultimately have to see what big bro BTC does, but if the stars align, here is what I'm proposing for a short/mid-term long:
Entry @: ~725
TP 1: 760 (4.79%)
TP 2: 799 (10.17%)
TP 3: 826 (14%)
STOP @: 710 (-2%)
Not financial advice.
Just my 0.00000002 sats.
Please like if you agree, and let me know if/why you don't.
XLMBTC is creating a falling wedge 🦐XLMBTC is creating a falling wedge on the daily support, IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Stellar (XLM) Since Nov. 2020 | 140% MappedThis is one of the big ones... Stellar is #18 by market cap. compared to thousands of altcoins.
Here we are looking at XLMBTC (Stellar vs Bitcoin).
This chart goes back to Nov. 2020 until this date.
We can see a strong ascending channel, really wide, and we continue to see higher highs and higher lows.
Notice the falling wedge pattern that forms before each bullish wave (marked with blue lines).
The current one has been going for longer than the previous ones... Growth can start happening anytime.
Additional signals:
We can see XLMBTC moving above EMA50.
We can see a strong RSI.
We have the already mentioned higher low.
The falling wedge...
Notice how the trading volume has been completely flat since prices peak in May. This signals consolidation.
The next move is likely to become a strong bullish break.
Namaste.
XLMBTC is creating a falling wedge 🦐XLMBTC is creating a falling wedge on the weekly support. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
XLM-BTC Long potentials.XLM Reaching lower support levels. The Divergence on the RSI gives a potential reversal signal following BTCs surge. The Gan fan provides target zones and timescales. With the Fisher MW acting as a "run out of steam" indicator for profit taking.
5-10% gains every stage of the Gan could mean 30%+ over the coming few weeks.
XLMBTC Two levels where it can start a rallyXLMBTC is testing a Support level (0.00000645) that is holding for the whole year (Jan 06 to be precise). As longas this holds, there are good chances for an aggressive rebound back to the Resistance (0.00001615) or even to the higher Fibonacci levels. If that 1st Support though breaks, I am expecting a test of the lower Support Zone (green), which upon contact should initiate a massive rally.
Where do you think XLMBTC will bounce?
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Stellart XLM is going to take off🚀 300% possible easyNice opportunity to buy XLM right now. Here is why technicaly:
Price is oversold, under the cloud
Tenken and Kijun cross coming(That might be a first sign for trend reversal)
Chikou is pointing up
Watch on dates(GANN Pivots):
07.31
09.22
Stay sick guys!