XLMBULLUSD trade ideas
Perfect breakout for StellarPerfect breakout for Stellar with a slight re-test and continuation candle. Target is $ 1.60 which means price discovery and higher prices if the target gets reached. This would also confirm the macro cup and handle depending on the future breakout price action.
Ascending Triangle Setup on XLM with 0.4 TargetTrend Analysis
The main view of this trade idea is on the 2-Hour Chart. The cryptocurrency Stellar (XLM) is in an ascending triangle setup, with the resistance line around the 0.326 level and the support trend line making higher lows from 0.26 and 0.3. Expectations are for a breakout, with XLM rallying towards 0.4. This setup will fail if XLM were to decline to below 0.3, towards 0.28.
Technical Indicators
XLM had positive crossovers on its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The cryptocurrency is currently trading above these MAs. The RSI is above 50 and the KSTY recently had a positive crossover. These technical indicators support the bullish view on XLM.
Recommendation
The recommendation will be to go long at market, with a stop loss at 0.28 and a target of 0.4. This produces a risk/reward ratio of 1.59.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in XLM.
XLM/USD chartXLMUSD pair looks ready to take off, we hoping to break the down trendline and the weekly zone as indicated on the short clip video, and then we have i hight probability chance to our fib target $2.65. happy trading
STELLAR +125% OR -55% down possible. Cup & Handle forming. Namaste everyone.
Stellar seems to be forming a Cup and Handle pattern which if completed it could probably test the previous ATH.
As usual a confirmation is a must - close above the resistance which is the red horizontal line and quite possibly a retest to it.
Once confirmed the price should start rising to meet expectations.
Between 0.43 and 0.47 seems like a good entry point to me once the pattern has been confirmed.
Sell targets are the green dashed lines.
If the price fails to break and hold above the resistance level and is rejected by the resistance then a drop down to the support level is expected (orange horizontal line).
As always this is not a trading or financial advice.
This is only my observations regarding this market.
Please do your own analysis and due diligence.
If you agree with my idea let me know :-)
Stellar Breakout Amongst Bitcoin TopHistory doesn't repeat itself but it sure does rhyme... Stellar has a solid support, and over the next few months, in correlation with a Bitcoin bull run, should reach new limits near and after Bitcoins top.
XLMUSD LONG?Coming from a resistance level of 0.80737920 and a support of 0.19068660 in June, I can say that traders have the value of this asset at hand. Recent price movements shows the stronger buys over the sells at every uptrend.
Going long on XLMUSD is definitely a payable decision with a SL at 0.235 on weekly entries.
ARIASWAVE CRYPTO MARKET UPDATE - BITCOIN - XLMUSDThis weeks market updates will focus on individual markets due to some key elements that need discussing.
The reason for this is due to some opposing views from last week when I made two separate videos.
Since then I have done some research in order to bring some clarity over those views and how they differ between markets.
Using the Bitcoin chart is the best way to understand what lies ahead for Cryptos.
This type of understanding will form the foundation for future updates.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
XLM BreakoutXLM broke out of the symmetrical triangle that has been formed in the past weeks of price action.
- Price action came back down and tested the breakout, if we don't see continuation to our first target of 0.41, I expect us to consolidate or test the golden fib that sits at 0.34
- watch as BTC will influence price action.
Congrats to anyone that bought the dip yesterday!
XLM Bullish ChannelXLM appears to be in a bullish channel. I wouldn't be surprised if it reached between $0.42 and $0.53 by the end of the year. Its utility for transfer keeps it actively trading. I've been happy to make money using it to transfer other cryptos between exchanges, including fees, because of its upward momentum. Recently announced partnerships are also creating upwards pressure.
Stellar lumens to 95 centsA easy enough set up, price action has printed a falling wedge pattern and breakout on the weekly (below) with flagpole extension to 95 cents.
On the daily chart above price action has made a number of bullish moves, including:
1) Printed a ‘great buy’
2) Recovered the 21-week EMA (yellow line).
3) Made an impulsive move to the upper side of the Bollinger Band since ‘great buy’ signal. What’s not to like?
Is it possible for price action to fall? Sure.
Is it probable? Very unlikely.
Good luck!
WW
PS: I'm not in this trade so ask below if you're not knowing what to do when price action appreciates. Donations to cause would be a start ;)
Weekly chart
XLM - bullish under every angle !!XLM is bullish under every angle I look at it !!
Most bullish is the BTC pair - long 2 year consolidation.
Bullish on XRP pair - see my previous post on XLM XRP ratio.
Bullsh on USD pair with a big beautiful inverse Cup & Handle formation.
We are just about to shoot up to the neckline of the inverse C&H where the THIN ZONE on a price by volume perspective starts !!!
XLMUSD PRICE PREDICTIONIt's funny to see the crypto market blow up. Every single coin would get it turn.
I know nothing just playing with Fib. I think 1.618 is pretty cool.
My speculation for XLM is:
- By January: $1.9 MC: $46 billion
- By Feb/Mar: Retrace to 0.4$ BRUTAL
- By July/August: $4.46. MC: $108 Billion
Best case scenario: XLM: $8.3 MC: $200 Billion
NFA
Stellar Lumens Ready To Shine Correction completed at .25 with signs of accumulation - inverse head and shoulder pattern forming
XLM- Time to pay attention! October 2013 and 2021 breakout?Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
Facts:
1. Year 2017 and 2021 are very eerily similar in structure
2. Stochastic RSI - in 2017, we had a bullish cross (and above the 20 leve!),and we 40x in price! We had a bullish cross, but awaiting to pass the 20 level!
3. RSI - Very oversold on the 2wee chart! Will we have another double top??
4. In October 2013, we broke out! Will this year be different??
Buy Targets (May not get reached! If we do, I'm loading up more!)
Target 1: $0.25 (Corresponds to the 0.5 Fib)
Target 2: $0.19 (Corresponds to the 0.382 Fib)
Sell Targets:
Target 1: $2.51 (Corresponds to the 2.618 Fib)
Target 2: $4.01 (Corresponds to the 4.616 Fib)
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
XLM waiting for big growthXLM is one of those cryptocurrencies which are quiet but which are appreciated by influential lobbies in several countries, they cooperate with the biggest ones and develop very well, I think for a LONG time, it is one of the best investments
XLMUSD - EW analysis - marginal high & correction before next upXLMUSD - expecting minor high to end the impulse cycle started from 0.2547 low and then the correction will be there of B or either 2nd wave in case of larger extension in price as (A)(B)(C) from 0.1991 low. At least based on price action it is expected to do ABC sequence up from 0.2547 low.
XLMXLM rejected off the .236 but I think it was just to retest that previous resistance. We dipped under it, so I'm thinking a retest of that support then we should move back up. If market sentiment means anything, we should get a pretty good explosion when XLM busts through that .236 retracement level. Still buying for the moment. Still haven't been doing much charting lately, NFT's have taken over my brain haha. Speaking of which, is anyone buying them? If so, what did you get? Hit me up on Twitter @beardedalts or post them below...or both
STELLAR (XLM/USD) | Opportunity To Be Part of The RetestHi,
Stellar (XLM) has shown its strength by managing to push above quite an important price zone. Atm the retest has worked nicely (short-term rejections), the market sentiment is bullish so do your own analysis and if it's matching with mine you are ready to go!
Regrads,
Vaido
