XLMBULLUSD trade ideas
Finally ready for a moveFalling behind the pack as usual, XLM looks as good a time as any to make a move. Lets see where she goes. The amount of positive news and partnerships in the last few months has failed to move the price for the better, so this one is relying on chart fundamentals as a catalyst while meme coins run the market.
Welcome Back, Stellar! (XLM)An oldie but goodie, Stellar continues to chug along in the crypto space. Back in the Spring, I speculated that we could see XLM reach a new ATH before Bitcoin began correcting, but this was unfortunately not the case. I did, however, manage to nail the bottom on this one during the previous bear market. Some of those posts are linked at bottom. Here's the main one:
I think these next few months will provide the last chance for XLM to make a new all-time high and prove a long term uptrend. If Bitcoin makes a new ATH and XLM still fails to break and hold above $0.80, it can make a full retrace of the entire rally, and end up back in the major support zone, between 2-5 cents. In either case, XLM can decline a little on the XLM/BTC ratio prior to its largest move. As I mentioned recently, Bitcoin dominance may need to continue increasing as Bitcoin takes over the market for a time.
So, it'll soon be make or break time. The uptrend channel support has held quite well, and 20 cents seems to have become strong support. I still think it's possible for XLM to reach $5, and perhaps briefly above. The coin got some good news today, in the form of a Moneygram partnership. As regulators crack down on centralized exchanges, the Stellar DEX remains quite a useful (and virtually feeless) option. There are some interesting assets on the DEX as well, such Smartlands (SLT) and Aquarius (AQUA), which is essentially the Uniswap of the Stellar blockchain. Stellar has more functionality than many like to believe. It's time it proves itself. Still a big fan. Let's see what happens. If XLM pumps quickly to the top of the ascending channel, that would put price right back at $0.80.
Again, on the bearish side, I don't want to see price break below the uptrend channel, and I don't want to see XLM underperform again if Bitcoin makes a new all-time high. XLM can move up quite fast, as we've seen before.
This is not financial advice! This is meant for speculation and entertainment only.
-Victor Cobra
XLM @ Price Action Cross-Roads Price tested support trendline. Currently testing 0.36 region short term resistance. Waiting for price to break & retest support to long, or price breakdown below trend line and previous low to short. Lots of overlaying support areas including 0.618 fib. Expecting bullish price action. Just so happens XRP is also retesting medium term support. Same analysis on XRP.
Looking to 100x?Start stashing Stellar if you haven't already begun to do so. We've tested the resistance point at 0.7 and once we breakthrough that resistance, we will be flying up to the $35 zone to test the next resistance. Definitely a must have crypto for anyone looking forward to banking x100!
XLM the sweetest optionXLM
So if we are doing this mid October 17 fractal area idea and move it over to XLM it looks like this. And funnily enough it looks pretty bloody similar overall.
If ol Jed pulls this one off. Sheesh. I wouldnt underestimate him or the dynamic duo that is xrp/xlm. but xlm is xrp without the shady shit. plus Jed has been harvesting all those unlimited xrp gains for the last bloody 10 years or whatever it is now. Dude is low key able to buy whole countries at this point.
I am loaded in case this happens. I've been wrong twice now on this one. 3rd times a charm baby.
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Stellar Lumens 3 day chart - Long term coffee cup handle patternWe can see that Stellar Lumens from 2018 been going up slowly forming a coffee cup handle pattern for the 2 year cycle - 3 day chart
I think we pass the coffee cup handle now and first trend target around $0.80 US resistance and to break it if we have bigger volumes, heading towards $1.28 US fib targets
Stellar Lumens has the technical and fundamental news (especially with Circle US integration with MoneyGram)
www.nasdaq.com
We need big volumes now and Stellar Lumens the big winners for 2022 and 2023 completing a strong momentum bullish cycle for the next 2 years
XLMUSD (3H) Bearish ReversalHi Traders
XLMUSD (3H Timeframe)
Waiting for the downward break of 0.355 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.398 would cancel the bearish scenario.
Trade details
Entry: 0.355
Stop loss: 0.398
Take profit 1: 0.333
Take profit 2: 0.292
Score: 5
Strategy: Bearish Reversal
Going InterStellarBeautiful patterns!
Big ass bullish pennant with an inverse h&s at the apex.
Golden Cross around the h&s area.
MACD even has a pattern and looks as if it is about to curl up.
RSI even has a pattern.
Target, Entry, and Stop is labeled.
Blue arrow is a roughly predicted path based on expectations of resistance levels.
We are still yet to confirm a breakout but damn.
NFA. This is for my own hindsight.
A closeup of the apex area:
XLMUSD - Trend Continuation In ProgressPrice action continues to indicate further upside ahead.
As you know I have turned bullish across the board with no meaningful pullbacks expected from here.
I go over the previous price action as per my last video for those that might have missed it.
I have also linked that video below in related ideas.
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.