Stellar Lumens on trend supportAfter a 7 day dip, we've probably shaken out weak hands.
It is testing support at prior highs as well as trendline support.
Yet, daily RSI remains above 50.
Odds look good for a multi-day bounce, or a rally to new highs. However, they are just odds. I like this chart better than Ripple. Ripple's chart looks... "inorganic", if that's a thing. Just a gut feeling.
XLMETH trade ideas
XLM; Expert view explaining price movement and expectationsIn my previous post, I illustrated a possible trade, which initially started off very bullish, yet turned out to be bearish. A triangle with everything going for it could still go both ways: break out through its resistance, or fall through its support. The second scenario happened; as soon as it broke support, we knew the trade wasn't worth continuing.
I'm following up on that post, showing what happened then and since, and what we can reasonably expect going forward.
Stay tuned for more interesting stuff and feel free to reach out if any questions!
Link to my previous idea (note: I forgot to put the "?" at the end of that title :-) )
XLM is strong, but might take a break.I've caught some of XLM over the last few days but have sold off to let it rest. I can't objectively buy such a high daily RSI, but anything can happen.
It may or may not respect the upper trendline drawn here. If so, perhaps it will take the drawn path.
I've re-entered Ripple, since it has held up strongly, consolidating for 3 days.
I recall doing something similar with Bitcoin around $8000, and it simply blew past the upper trendline at that time. Anything can happen.
[XLMETH] another good and safe RR TradeHi,
I gave some of my technics here,
1)place your supports/resistances (and look at it like a ping pong ball going accross lvls
2)look if there is a channel that could help you decide to stay in the trade or get out.
3Use ichimoku for the trend.
Charts speaks for it self. Enjoy
XLM (Lumen) UNDER VALUED WITH WEEKLY POTENTIAL (30-45%)Disclaimer : Anything that I say is my own opinion. I have been doing my own personal research and believe that Lumen (XLM) is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is not a "pump and dump" , it is a just friendly investor sharing his insights.
Like I said earlier, I believe that XLM is a great investment. It is relatively cheap (i.e 21 cents right now) and is showing HUGE potential.
I am planning on holding this investment for only a week, seeing the potential for weekly to be around 35-45%.
So lets get started!
***I personally use Ethereum to do my transactions/transfers to altcoins. If you use BTC then your graph may look slightly different. Keep that in mind when purchasing.
Firstly, as marked in my graph, I put a yellow line at the bottom.
This is where, I believe, is the support . For the past few days XLM has been falling back on this support line. I believe buying anything near this line would be a great start.
Therefore, I would buy in where I placed the blue rectangle . This range is between 0.00031008-0.00028623
Now of course before doing any major investments, we must make sure we have a stop-limit. I always believe that a stop limit should be around 5% give or take. Some people like to do stop orders around 7% so whatever you believe I think you should do.
The first milestone is the blue dotted line . (0.00032789) (Realistic)
This is where I will take my first cut out of XLM. It is important, as an investor, to be able to take some profit out to make the investment worth while. I like to only take around 10% of the total investment out at the first milestone.
The second milestone is marked at the green dotted line (0.00035174) (Realistic)
This is where I will take another 10% out, still keeping the majority of my shares but treating myself to some profits just in case it tanks.
The third milestone is marked at the orange dotted line (0.00036744) (Realistic)
Here is where I'll sell 40% of my shares, still leaving me with my other 40% for the last push.
The fourth milestone is marked with the red dotted line . (0.00039702) (Not as probable in a week)
This is the last and final push. I believe that when we hit the third milestone we will essentially be fluctuating around that until another final push. This milestone might take around 2-3 weeks.
Thank you for reading my post and I hope you enjoy. Make sure, once again, you do your own charting and research and let me know if you find anything that I missed. Happy trading!
-von braun
XLMBTC : Bullish Long TermXLMBTC has a lot going for it as far as product and partnerships. Couple of events in early December and its breaking out from its previous run. Looks to be a good long term play. Get in while its cheap even with just a few hundred coin position. This could be HUUUUGGGGEEEE :)
XLM is a solid backup planI'm here to learn about the Technical side of investing... and so I'm at a disadvantage that I can't ask questions to the experienced folks in chat. So... I decide to give back by letting you know that XLM is a solid company that will continue it's rise in price. If you aren't sure where to put your currency after exiting a trade... XLM is a good place to put it. If you have to get out and don't have time to check your next move... but you see the mountain heading your way... I'd say XLM first... then if XLM is looking down at a glance... your Backup should be XRP.
XLM and XRP are strong buys before the new year.With XRP and XLM both being non- proof of stake and non- proof of work, they are not mined. All of the coins for both are already in existence. One (XRP) is already set up for the Banking industry, and the other is setting itself up to cater to everyone else. While the amount of coins for both are 100Bn and that tends to put some people off, both take a different stance on fees.
The fees collected per transaction for XRP are destroyed after the completion of the trade. The fees collected per transaction for XLM are redistributed to holders of XLM (as long as it is in your wallet). Both coins are gaining traction in their respective corners and both are built on the same platform. Both have large backers and clients with names like IBM, Microsoft, and AMEX to name a few. I say both are good for a long term hodl but if I had to bet on one or the other it would be XLM. I believe the use case is stronger and while banks are big and have lots of resources, nobody likes a banker and part of the draw to investing in cryptos is the allure of doing away with them altogether.
I have no background in finance and know almost nothing but what I've learned in the last month. Please do your own research. This is my first "Public Idea" and if you like it, please contribute to my Rep. I'm not attempting to be an authority, I'd just like to be able to ask questions in public chat. Thank you for reading and I'm sorry if you feel I've wasted your time.
xlmethfalling wedge no more. Green candles broke the pattern this should be a reversal signal and the bearish trend is seem to be a bullish trend now. It's testing resistance if breaks out we might see another run if not seems like it likes to consolidate (as rsi is very overbought) in this level probably in a week as thats what happened in the past there's action every week about 40% downtrend. Now hoping to see about 40% uptrend every week.