XLMUSD (4H) Bullish breakoutHi Traders
XLMUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.241 resistance level. Only the downward break of 0.226 would cancel the bullish scenario.
Trade details
Entry: 0.241
Stop loss: 0.226
Take profit 1: 0.250
Take profit 2: 0.265
Score: 7
Strategy: Bullish breakout
XLMBULLUSD trade ideas
XLM/USD Monthly Long term viewAs shown on the chart, I am taking this bullish view on XLM and the cryptomarket in general - as you can see on the monthly chart we have just tapped into a monthly order block and rejected from 50% retracement of the candle of the order block. I will take the first month as indecision and this month as bullish confirmation as we go into April - I am seeing some medium term bulls enter back into the crypto space and this trade is more than worth the risk - best case targeting a weekly order block level back in May 2021.
As we are seeing some positive fundamentals for crypto and BTC leading the push upwards - some altcoins could be in for a much needed recovery before the whole market cools off for a year or two.
Good luck!
XLMUSD Could Go Parabolic with a 3,000+ Percent Potential Gain! The last time XLM was this bullish it rallied 3,000% back in 2020 in roughly 365 days. If this were to hypothetically happen again, then we would reach roughly $7.00+ a coin. The stellar foundation is a major player in the crypto space and totally overlooked in my opinion. Read more about their project here: www.stellar.org
#thedailyinvestor
XLM - Stellar Moon Shot - New ATH Soon Here I have my next idea. XLM!
This is a long term idea.
To start :] we have a higher lows uptrend. Will it continue upwards momentum?
I drew out all the main resistances and support lines. I believe certain altcoins are completing a cup and handle on the monthly and weekly charts.
XLM should hit the target around $4.00. I believe that the appreciation value hasn't reached the blow off top yet for XLM.
This is just an idea and not advice on investing nor trading. Do your own research and thinking before investing or trading volatile assets.
Who's holding?
XLM LONG TERM.XLM long term prediction. " Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network." (source: www.stellar.org)
XLM LONG POSITION SHORT TERMWe just bounced off of a strong demand zone, XLM has a strong correlation with XRP and since XRP is rising we are expected to see XLM rise as well, Our targets are at liquidation zones that market made by going down.
Indicators:
AROON: Already is showing strong bullish momentum
EMA: We just crossed 50 EMA zone that shows bullish momentum
Bollinger bands: We bounced off of a bottom Bollinger band.
Entry: 0.206510
Invalidation: 0.160401
Target 1: 0.257
Target 2: 0.3064
If You'd Bought $100m Worth of Stellar (XLM) 5 Years AgoKey points
Stellar allows you to create and send digital representations of any type of money.
A $100m investment in this cryptocurrency five years ago would now be worth over $940m.
Fans of Stellar believe it still has plenty of room to grow, but like all cryptocurrencies, it's a risky investment.
Launched in 2014, Stellar (XLM) is an ambitious project designed to make it fast and cheap to transfer any kind of currency. Even though its price isn't anywhere close to its previous highs, it has still paid off for anyone who got in early.
BIG PictureJune 1st, 2023 is the 1:1 time extension from wave A. That means that around that date, we may be at a very good price to buy. It doesn't need to do a full extension, but harmonics usually like these things to line up in some relative fashion. This is why we use the fibonacci sequence. I've noted some relative buy zones in the green boxes. Laddering buys is usually recommended by professionals.
Alright now let me first say that I think Stellar is the real deal, and for good reason. They are one of the only projects completely focused on developing their regulatory compliance while innovating on the network and encouraging new developers to work with them. The "Clawback" (Transaction Reversal) technology is next level, and not something that other blockchains are capable of doing right now. This is a big step in maintaining compliance and being able to actually integrate with conventional regulatory backdrops. Stellar is the dark horse in crypto.
Now, that being said, Biden just released his executive order on crypto.
We are seeing more headwinds than tailwinds right now, so I expect there to be more price declines as exchanges leave and projects shut down that cannot comply with regulatory requirements*. I will note that we are already seeing announcements of projects (YFI/USDT) shutting down 25 apps/projects with seemingly no notice or good reasoning besides the fact that the developers just got bored! That's Not Good! It seems the fakes and non-committed projects are going to start cracking and running away so be careful out there.
The stock market and bond markets are beginning crashing. This first leg down the bias has still been positive, but now the "buy the dip" mentally is fading and prices at the grocery stores and pump are going up!
The market bias is now starting to flip bearish which will drive the major indices tumbling as the Fed starts raising rates. This all will drive crypto lower as liquidity leaves the systems. I expect you will all see prices you never thought you would see again, but I can't guarantee that.
My advice to any holders is HODL, as long as you're not using leverage or loans or anything. Like I said, prices could fall extremely dramatically because the levels of liquidity via margin debt and leverage that is in the system right now is unprecedented. You need to remember though that if you're a long term holder, this is not a project you should be selling ever IMO. I expect XLM to go to $30 over the next 10 years, so this is gonna be a ride of a lifetime if you can hold on throughout.
This is not trading or financial advice. I'm not telling you to sell any XLM or buy any. I am saying that it could go to 8 cents or maybe even 4 or 5 cents and if it does...I would borrow and invest Heavily at that point.
XLMUSD (1H) Bearish reversalHi Traders
XLMUSD (1H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 0.1664 support level. Only the upward break of 0.1745 would cancel the bearish scenario.
Trade details
Entry: 0.1664
Stop loss: 0.1745
Take profit 1: 0.1616
Take profit 2: 0.1538
Score: 7
Strategy: Bearish reversal