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XLMBTC trade ideas

XLM / BTC - life changing gains aheadPer title. This 3-day chart reveals a lot of reasons to be excited. The conditions preceding late 2017 are almost a carbon copy. However, past events are no guarantee of future predictions, that's why we have technical indicators. So what are they saying? The falling wedge is the most obvious for me, except this one is a lot larger than the one created in 2017 and we've now broken out and confirmed support on the 50 day moving average with engulfing candle. Although not seen here, the Bollinger bands are very tight, indicating a big move is coming. For almost two years we've had an RSI trend line acting as resistance, not any more. Furthermore Stochastic RSI (momentum) is heading upward after making higher lows almost two months apart, perfect. Lastly, we've just left some very oversold conditions behind us, the perfect opportunity to take a position. The weekly chart in case there's any doubt should always be studied. Confirmed, buy low... and here we go ;)
Long
by without_worries
5
XLMBTC Low Volume Breakout Imminent Hello Traders! Today’s chart update will be on the XLM/BTC pairing which is in an interesting position, testing current local support with volume well below average, a break out move may be probable… Points to consider, - Trend bullish, probable of new higher low - Price testing structural support - .50 Fibonacci acting as resistance - RSI neutral - Stochastics showing upwards momentum - VPVR showing decreasing transactions - Volume decreasing rapidly - EMA’s giving price resistance XLM has had an insane bull move that corrected all the way down to the .786 Fibonacci level before retracing and trading in the now current rage. The trend is overall bullish as we do have consecutive higher lows in place; however this is in a parabolic manner. Price is testing structural support, previous resistance; a break of this area will be quite bearish as market structure will then not be putting in a new higher high. Local resistance is at .50 Fibonacci level that needs to break upon respect of current support. If this level is broken then a test of the local highs will be more probable. The RSI is quite neutral at current given time, it can break in any direction, really depends on the next move of XLM. The stochastics currently is projected upwards, we still have room for further upside potential. The VPVR is interesting, showing us that the volume of transactions is decreasing on both ends, bullish and or bearish; the next move has a high degree of probability of being a flush move. Furthermore the volume itself is declining rapidly, telling us that a breakout is imminent in the near future. The EMA’s are currently giving price resistance, is price fails to break the EMA’s then XLM will not put in a new higher high, the bullish market structure will no longer be in place… What are your thoughts on XLM, is a breakout move imminent due to declining volume? Please leave a like and comment And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
by The_Alchemist_Trader_
Keep an eye on XLM if XRP rallies.XLM/BTC, much like XRP/BTC, is currently trading above its 10 week moving average for the first time in months. With XRP/BTC looking pretty bullish on a weekly basis, XLM is likely to follow any rally higher by XRP as these 2 coins tend to move together. Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us MA Guide (All Weekly for this post): 10 MA in Orange. 20 MA in Pink. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Long
by Deftsuo
Stellar Lumens Price Analysis: Bullish Opportunity on the HorizoConclusion for today's Stellar Lumens price analysis:A break above the long term trendline can be used as part of a conservative strategy to go long (i.e. buy) Stellar Lumens. A log scale of Stellar Lumens price is presented on the 6 hour timeframe with coverage of market action since May 2019. The long term bearish trendline is plotted on the chart with peak of the price spike on September 18, 2019 used as the second pivot in drawing the trendline. The 200 and 50 moving averages are also drawn to track price for possible trend change(s). Signs of hesitation for the downtrend as shown on the chart include the formation of a double bottom (ideally bullish) chart pattern between September 6 and September 14, 2019. Confirmation of the pattern occurred on September 17, 2019 when price broke and closed above ~0.00000597. A retracement to the aforementioned price level i.e. ~0.00000597 can be observed after the price spike, suggesting that Stellar lumens’ price could potentially find support at the price level. A second test would provide additional evidence of bullish momentum picking up and hence change in the trend from bearish to bullish. The September 24, 2019 bullish crossover (50 moving average above the 200) also does favor a bullish scenario for Stellar Lumens as opposed to the continuation of the long term bearish trend.Confirmation of support at ~0.00000597 (second successful test) provides a great risk/reward ratio for long (buy) positions. More conservative strategies for initiating long positions however involve waiting for price to close above the long term bearish trendline.Price closing below ~0.00000563 presents a great challenge for the continuation of price action to the upside, therefore invalidating the bullish analysis for Stellar Lumens.
by Coin_Analyst
LONG XLM bullish failing wedge breakout ?Price Action(PA) XLM closed above 700 sats resistance level . Closed above EMA 21,50,100,200 Uptrend. Indicators: RSI above 50 points, MACD bullish crossover above zero line ( bullish sign) Pattern: Failing wedge bullish breakout. Bullish Volume respond. Confirm trend. S/R : Strong support at 600 sats , Resistance at 850 sats . Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Long
by blockchaintrends
XLM The Sharks are waiting This is a chart of XLM/BTC in weekly candles. The white circle and orange trend line shows price action before the explosion. Blue horizontal lines show distance between the lows of the bull runs. Blue circle shows crossover on weekly MACD. Red circles shows the wick down This chart shows two possibilities… 1. New floor is between 390 and 427 sats… This is best place to set up large-ish buy orders in my opinion. 2. The new floor 555sats – this is a possibility but this is not yet confirmed. Entry points are shown in orange. How I’m looking to play it: 1. Set up large buy order at 390 and smaller 1/3 as much at 427, and a 1/9th as much at 570 2. Check in at least once a week 3. If it rockets from 570 and does 100% or so gains, I’ll sell and set new buy order at 590 4. If it forms an upward trend over 5 weeks as shown by orange lines… then it may be time to look at moving previous low buy orders up before the massive breakout. 5. Remember there will be a couple of months to get in before the massive breakout and plenty of opportunities. No need to jump on the top of giant green candles. Happy trading everyone. If you lose money, it’s your problem lol
by ccccp
3
XLM Prepared for another wavemost likely XLM has finally formed its bottom and we could get a great trade opportunity here for potentially upto 49% of profits. entry zone will be between fib50 to fib618 incase if this support breaks than fib786 have to hold the peices. below fib786 we get a good level to place our stops, if prices hits our stop loss than definitely xlm is going to retest its support or even lower. Buy XLMBTC 728, 705, 687 Position size 5-10% T1 800 T2 890 T3 930 T4 1025 SL 620
Long
by Husain_Arkghazi
2