XLMUSD.P trade ideas
XLM CUP(date) ON THE HANDLE - THE NEW(est) ANGLEXLM CUP(date) ON THE HANDLE - THE NEW(est) ANGLE
An update to my CUP & HANDLE ideas for XLM
These are just my angles on the pattern...
By no means the final survey
Sorry to spam the idea so much, i mess up alot before posting... i think i handle arc right now..jeesh
XLM long term target for bullsXLMUSD analysis based on fib levels.
We expect XLM to hit 2 $ in 2022.
However, if the price breaks below critical support, it may get ugly for bulls.
XLM is one of those coins that didn´t do much in comparison to new coins such as Solana, AVAX, CRV and many more.
We believe that older coins such as XLM , BCH , EOS, XRP will shine soon. They say: Every dog has its day.
XLM bright days are coming
Good luck
Drop a comment if you find this analysis useful
No financial advice!
XLMUSD H4 Potential BuyBINANCE:XLMUSD
Hello traders
Here is the trade plan on XLMUSD H4 (Bullish Bias)
Market is trading aggressive Wave C/3 bullish on H4.
Apparently, bullish move have been confirmed with Trendline Break on Daily Chart.
We anticipate market to correct back to 0.27000 and 0.26600 levels for best entry (limit orders). As we actively watch the market, our market order and buy stop order are at hand for potential entries in case we get a shallow retracement.
On the presented Trade Plan, stop loss, entries and take profit levels are evident.
IMPORTANT
Trade Management is KEY!
#Capturing low hanging profits!
XLM - Hidden Bullish Divergence in the making?!Whales/elites will not miss any opportunities into making money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! ;)
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 is manipulated by the elites, and they take advantage of our emotions. Stop listening to 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. Falling wedge may be in the making! March 2022 is the end of the wedge!
2. Hidden Bullish Divergence may be in the making! (Red Lines)
3. RSI - Highly oversold on the monthly! Also, may be creating a "Hidden Bullish Divergence"!?
4. Stochastic RSI - Awaiting Bullish cross on the monthly! Also, may be creating a "Hidden Bullish Divergence"!?
Buy Targets: $.23 - .26
Sell Targets: $1.65 - 2.92
"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: Bounced off RSI trendline! Will it break out from triangle?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 is manipulated by the elites, and they take advantage of our emotions. Stop listening to 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. We may be playing within the Symmetric Triangle. Awaiting breakout! If break to the upside, bullish targets are $1.96 - $3.05 before crashing!
2. RSI - Past Resistance turning into current Support! We are also highly oversold on the weekly chart!
3. Stochastic RSI - Just crossed on the weekly timeframe! Awaiting lines to cross the 20 level for bullish confirmation!
Buy Targets for Reaccumulating: Red Box (between 0.25 - .29). If this breaks on the weekly, 0.20 has strong support! Highly doubt we head this low!
"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%!"
XLMUSD: Long Trade From Key Level
This morning we spotted a great long trading opportunity on XLM coin with my students.
The market dropped to key daily structure support.
On that, the price formed a double bottom formation and broke and closed above the resistance line of a falling wedge pattern.
Now we see its retest.
I expect a bullish move to 0.306
❤️Please, support this idea with like and comment!❤️
XLM - Long Set Up Trade IdeaHope you find value from this post.
Here's an idea for setting up a long position with this asset.
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advise to buy XLM, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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Chart: 4 HR, Candle Sticks
Tools:
Extended Trend Line (Descending White Line)
Horizontal Ray Line (Dashed Yellow Horizontal Line)
Moving Average: 50 MA
MACD: Setting - 4HR TF (Time Frame)
Stoch RSI: Setting - 1Day TF
Rules:
1. Price must breakout of the White Extended Trend Line.
2. Price must go above and stay above the Yellow Horizontal Ray Line.
3. Price must stay above the 50 MA
4. MACD must have a Bullish Divergence
5. Stoch RSI should be coming from the Oversold Region and a momentum directed upwards.
(Currently, there is a Bullish Divergence present on both the MACD and the Stoch RSI.)
All rules must be fulfilled to be able to confirm an entry for a long position, otherwise it's a no go.
Once a position has been placed, it is...
VERY IMPORTANT TO PLACE A STOP LOSS (My preference is 2.5% - 3%)
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balance is controlled by the subconscious part of your brain.
Be PERSISTENT, and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
Happy Yuletide Season!
More power to all your trades, my friends!
Ron
Intrepid_Trader