Triple TopExpect it to keep dropping if it couldn't find support at the 200 EMA. It's now found a new support at 0.0004902. Good time to take a position in my opinion.
XLMETH trade ideas
Unconventional Wave Count using 3's! Call me crazy but this fits better than drawing 12345ABC all over the place!
What do you think?
XLM/ETH - Tread Carefully!We are looking at a solid run from XLM after a disastrous month. But be wary since a reversal may come soon. A look at XLM's most recent pattern - the triple top reversal. Volume has been pumping since the 22nd of this month but as you can see that from the peak of the 25th, volume has been on a steady decline. Be forewarned that if we do not see volume pumping propel prices past the 00.00060814 resistance line, then we are likely to see XLM spiral downwards to 00.0055238. If prices fail to bounce off support of 00.00055238, then the triple top reversal is confirmed. We are likely to see it plummet to as low as .00048988 before it will come back up to retest the 00.00055238 new resistance line. I would stay away from entering until XLM decides which direction it will go.
XLM/ETH Binance MACD Strategy that seems to perform wellFocusing on consistent performance, rather than big hits in the market. Looking for that 1-2% per day.
Im hoping for a good volume pop.MACD looks great. RSI is a little high. This is going to be a nice breakout. I think we will resist at .0064 Stay tuned
wish i put more in lol.
Good luck all
XLM preparing for major uptake?In this pre-bed time post I have tried to keep it simple:
--> The MACD is showing a bullish reversal is pending, looks like it’s going to a strong golden cross.
--> The CCI shows “oversold-ness” and is edging upward
--> The graph itself shows that the Fibonacci 61,8 is already a strong support, together with the underlying trendline . Price has been bouncing back and forth from that line. Moreover, the last couple of days, price has been consolidating at these levels.
--> Given the bullishness in the MACD and the support levels that are still intact , I think we can reasonably expecting a bullish boost somewhere soon.
--> In the mean time, note that if it would fall through, the next level would be the 78,6 retracement at around 0,00028387.
--> But everything is pointing to further upward movement, with the 0,5 level at 0,00056031 as a first major resistance level to overcome.
Feel free to draw an Elliot Wave analysis on it ;-)
Sweet dreamzzz
XLMDid you know the crypto markets crashed? Well, here it looks like a normal return to the lower trendline.
It's perking up now, on the daily chart:
- RSI room to rise
- Stochastic just about to enter overbought
- Fractal energy recharged
- MACD crossing up
If crypto markets really recover their momentum, this could rise sharply. It is already #6 market cap. A double would possibly bring it to #5, if Cardano remains stagnant.
XLM/ETH bullish as it breaks ascending triangle patternRunning down a trade following a recent breakout of the ascending triangle pattern. Volume was slightly up as an extra indicator of this bullish pattern.
Before the ATH and the massive dip - a similar pattern was observed. Also, the bullish trend going back early December has been broken, so this is another indicator of a bullish continuation
In: 0.00053901
Target: 0.00071
Stop-Loss: 0.00044 (3:1 profit/loss ratio)
XLM_ETH Brake-out in to BullishHey traders!
I’m a real rooky in trading stocks and Crypto and I’m learning myself to do some analysis. I just made a quick one for XLM_ETH.
If you look at the chart and especially at the support and resistant lines I think XLM finally broke out of his consolidation zone and starts his second EW-wave.
Any thought about the chart?
XLM DropingNo volume, looking back you can see that it needs to drop under the suportlevel (blue line) to go into a smal rally.
maybe we can hit it on mondey 22.?
How XLM is PREPARING FOR Short term +30-50%, mid term >+100%gainIn my previous analyses on XLM I called the first bottom reversal which provided us a quick 50% profit . After that I believed the price would retrace back lower (see previous posts, links are below) . The market turmoil today is pulling almost all cryptos lower, XLM is no exception.
However, up front, we could already predict where this correction would take XLM price by simply extending the longer term lower bound trend line. As we could witness today, price hit that line as a bottom and bounced back upward. It has "tested its low". --> Exactly where we could expect it to do so!
Going forward , I do believe this line will hold, and we can also see other indicators confirming this: MACD is pointing to a next upward move, which is also confirmed by RSI and CCI, both being in the oversold range.
Given the inherent volatile nature of cryptos, do keep an eye out on that important support line. There is still a Fibonnacci level below that could be tested, although I don't think it will for the time being.
So this provides a nice buying opportunity, with a short term potential of 30-50% if price bounces back from the lower Bollinger band level. And in the longer term, we should be able to test the previous high, which would result in more than a 100% gain.
I also encourage you to read the Stellar Consensus Protocol white paper (you can easily google it), to give you some fundamental background as to why Stellar is such a good crypto!
Best of luck and keep me posted of your XLM trades! :-)
XLM: After predicting bottom & first 50% upward move:what's nextIn one of my previous articles I called the bottom for XLM and highlighted that the first reversal upward move would occur - subsequently we saw a 50% move upward (so I hoped you followed my lead! :-) ), which then consolidated a bit and decreased somewhat in price. As one can see from the graph, the extent of this drop could be reasonably predicted up front, by taking into account the longer term trend channels and resistance/support lines. In the grey boxes, I show some examples of these.
As we can see now, XLM is in a short term upward trend and it is trading at the bottom of this channel + it has the 61,8% Fibonnacci retracement level going for it. Moreover, the MACD signals a second upward move coming nearer.
Given the strong fundamentals of Stellar Lumens (definitely have a look at the Stellar Consensus Protocol white paper by Stanford professor David Mazières), I am long on this crypto gem.
How about you?
(note that this is by no means to be taken as formal investment advice)
Happy trading!
XLM - possible Golden Cross! 50SMA may cross 200SMA this time...What are your thoughts?
If you have recommendations or tips - please, let me know below at the comment section.
/Pat
xlm/ETH Not OptimisticIts currently on the support zone of 0.0004530 sat (yellow line) if it drops below we could easy go to 0,0037152 sat (blue line) , it needs to jump over 0.0054529sat (red line) to have a next jump to the moon
and right now there is no volume, maybe the bulls are waiting for a cheaper price
Head and Shoulder on XLMIf the the price breaks the last support, we may endup with a price heading to the head and shoulders neck line :-O
XLMETH Long for Stellar returnsXLM has had a lengthy retracement . It has broken out of the long downtrend. I have indicated this with the uptrending channel. Over the next few hours it seems like it will penetrate the bottom of the pitchfork which was support in the past.
Entry when price is on top of upper ascending trend line .
Stop below previous retracement 0.00045
Take Profit: Probably above 0.0007. But I will trail the stop.
I expect this trade to last several days
