Stella (XLM) Second Bullrun is hereFrom its inception, Stella xlm has just one bullrun so far. The second bullrun is now knocking. What I mean by bullrun is a situation where the price of a coin multiplies by up to times 10 or above from its present price. That is to say if Stella second bullrun should hold as anticipated, its price should move to 10$ to 20$ at the end of its second bullrun.
Let me briefly explain how Stella moves in its first bullrun. What it did was to fall/crwal/accumulate for about 31 months with a breakout in April 2017. April 2017 breakout started the beginning of bullrun. At the end of the first bullrun, Stella increased by 17,777% by checking the price from the breakout.
Stella first bull run took this format: April 2017 breakout; a short pullback for like four/five month and first bullrun completion in Jan. 2018.
As at now,Stella is for sure on its way in second bullrun. The bullrun breakout started in July 2020 and rise significantly since then before it started its pullback like in the first bullrun.
Looking at the image with this post,
The first bullrun: the black lines are accumulation/falling zone with breakout; the white box was the pullback and the orange line was the bullrun.
The second bullrun: the green lines are accumulation/falling zone with breakout; the orange box was the pullback and the blue line was the bullrun.
Kindly give your comments and tips to encourage me doing more.
My Stella wallet: GB2DF2PNTFDJ76TGXQF3QIO42MCRDXKDDBNH233NV5H6CYEM2G42V6XI
Eth/BSC/BNB Wallet: 0x3B7719acA2076DEFa29CADDE338dA8881747Ee62
XLMBULLUSD trade ideas
STELLAR - Not sooner than 12 CentTRIGGER is required for any arrows on the chart. Please read below:
After a 5-wave bullish market for COINBASE:XLMUSD , it is experiencing an ABC wave correction. The correction wave would not be ended up until reaching the zone 12 cent. However, if we see any trigger meanwhile, it can be used as a long position trigger. I personally will wait for the breaking of the channel and a pull back as the mentioned trigger.
XLMUSD ❕ boundary of downtrendThe volatility of trading on Stellar has increased, the volumes on the local correction decreased, and the price reached the upper boundary of the descending channel and is now trading above the liquidity level, forming a Flag pattern. 50MA crossed upward 200MA on the 30m Timeframe. I expect fixing above the upper border of the channel, and after reaching the resistance level.
XLMUSD Potential Bearish Reversal | 19th April 2022Price is near to the pivot level. We see a potential for bearish reversal from sell entry level of 0.2063 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection towards the take profit level of 0.1915 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Alternatively, price might break the key pivot level and rise to the stop loss level of 78.6% Fibonacci projection.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
XLM/USD Daily M patternFundamental: The COT data for Bitcoin is net long, and the largest amount shorts were closed since beginning of January. Banks are taking profit on their short positions from the bear run. XLM correlates with Bitcoin.
Technical: There is a daily M pattern that has formed depicted in white (bullish). This pattern completes at the neckline depicted by green. The weekly chart has printed a inverted head and shoulder depicted by blue (bullish). Lower timeframes will be analyzed to determine entry point.
XLM/USDT momentum favours upside?After spectating the market movements today I decided to initiate a further position. XLM/USDT may go upwards from current region to test previous support at $0.20.
Double bottom has been set on the charts. RSI and MACD also point to a potential upside move.
This is not financial advice.
Stellar Lumens Daily AnalysisStellar Lumens’ price has been on a steady decline since April 4, 2022, when it has lost over 20 percent of its value. However, in today’s trading session, the cryptocurrency is showing signs of a bullish trend, gaining around a percentage point.
Unsurprisingly, in the last 24 hours, the cryptocurrency has seen its trading volume fall by 28 percent. This has brought the total amount of money used to trade in the last 24 hours to about $338 million. Although the trading volume is still significant, a 28 percent drop can impact a cryptocurrency’s price, causing a fall in price.
The daily chart below shows that Stellar Lumens is in a strong, bearish move. This includes the fact that it has been trading within a descending channel since late last year. The chart also shows the prices recently hit the upper trend line of the channel. The prices are also coming down from the upper trend line resistance level.
Therefore, even though today’s Stellar Lumens price looks poised to gain in the markets, it is still in a strong bearish move. Today’s upward move is likely a market correction. My Stellar Lumens price prediction is a continuation of the long-term bearish move with a possibility of hitting the $0.16 support level.
Stellar (XLM) - April 8Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(XLMUSD 1W Chart)
Primary resistance: 0.287263-0.307301
Secondary resistance: 0.402523-0.439998
Support: around 0.124080
We need to see if we can break out of a bearish channel and lead to an uptrend.
(1D chart)
(buy)
- After confirming the support near 0.228422
(Stop Loss)
- When it falls below 0.201066 and then receives resistance
(Sell)
- When resistance is received in the 0.287263-0.307301 section
- When resistance is received in the range 0.402523-0.439998
However, if it rises above 0.429421, there is a possibility of a sharp rise, so careful trading is required.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
XLM/USD chartwe see little retracement on the XLM/USD day chart, forming a bullish pattern inverse head shoulder formation, if we find support on the 0.17- 0.19 cents level that should complete the formation pattern and we hope to see the market reverse back to the up side, short term target 0.40 cents level :)
XLM Stellar Lumens: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Stellar Lumens (XLMUSD).
Stellar Lumens price on a monthly chart moved past the recent resistance and looks to head higher. Fibonacci Retracement levels shown along with 200 SMA and RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
XLM/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
Chart update from the 4h to daily. We went below the accumulation zone for my prediction and we've been accumulating for a year now. Teal wave is current cycle and pink wave is sub cycle. The wave counts have been adjusted and if this count is correct the pink waves are the predicted waves to watch out for.
Wave 3 target remains the same: $1.25 area
Sub cycle wave 3 target: $1.00
RR: 5.15