XLMUSD trade ideas
Stellar (XLM) - April 8Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(XLMUSD 1W Chart)
Primary resistance: 0.287263-0.307301
Secondary resistance: 0.402523-0.439998
Support: around 0.124080
We need to see if we can break out of a bearish channel and lead to an uptrend.
(1D chart)
(buy)
- After confirming the support near 0.228422
(Stop Loss)
- When it falls below 0.201066 and then receives resistance
(Sell)
- When resistance is received in the 0.287263-0.307301 section
- When resistance is received in the range 0.402523-0.439998
However, if it rises above 0.429421, there is a possibility of a sharp rise, so careful trading is required.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
XLM/USD chartwe see little retracement on the XLM/USD day chart, forming a bullish pattern inverse head shoulder formation, if we find support on the 0.17- 0.19 cents level that should complete the formation pattern and we hope to see the market reverse back to the up side, short term target 0.40 cents level :)
XLM Stellar Lumens: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Stellar Lumens (XLMUSD).
Stellar Lumens price on a monthly chart moved past the recent resistance and looks to head higher. Fibonacci Retracement levels shown along with 200 SMA and RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
XLM/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
Chart update from the 4h to daily. We went below the accumulation zone for my prediction and we've been accumulating for a year now. Teal wave is current cycle and pink wave is sub cycle. The wave counts have been adjusted and if this count is correct the pink waves are the predicted waves to watch out for.
Wave 3 target remains the same: $1.25 area
Sub cycle wave 3 target: $1.00
RR: 5.15
XLMUSD (4H) Bullish breakoutHi Traders
XLMUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.241 resistance level. Only the downward break of 0.226 would cancel the bullish scenario.
Trade details
Entry: 0.241
Stop loss: 0.226
Take profit 1: 0.250
Take profit 2: 0.265
Score: 7
Strategy: Bullish breakout
XLM/USD Monthly Long term viewAs shown on the chart, I am taking this bullish view on XLM and the cryptomarket in general - as you can see on the monthly chart we have just tapped into a monthly order block and rejected from 50% retracement of the candle of the order block. I will take the first month as indecision and this month as bullish confirmation as we go into April - I am seeing some medium term bulls enter back into the crypto space and this trade is more than worth the risk - best case targeting a weekly order block level back in May 2021.
As we are seeing some positive fundamentals for crypto and BTC leading the push upwards - some altcoins could be in for a much needed recovery before the whole market cools off for a year or two.
Good luck!
XLMUSD Could Go Parabolic with a 3,000+ Percent Potential Gain! The last time XLM was this bullish it rallied 3,000% back in 2020 in roughly 365 days. If this were to hypothetically happen again, then we would reach roughly $7.00+ a coin. The stellar foundation is a major player in the crypto space and totally overlooked in my opinion. Read more about their project here: www.stellar.org
#thedailyinvestor
XLM - Stellar Moon Shot - New ATH Soon Here I have my next idea. XLM!
This is a long term idea.
To start :] we have a higher lows uptrend. Will it continue upwards momentum?
I drew out all the main resistances and support lines. I believe certain altcoins are completing a cup and handle on the monthly and weekly charts.
XLM should hit the target around $4.00. I believe that the appreciation value hasn't reached the blow off top yet for XLM.
This is just an idea and not advice on investing nor trading. Do your own research and thinking before investing or trading volatile assets.
Who's holding?
XLM LONG TERM.XLM long term prediction. " Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network." (source: www.stellar.org)
XLM LONG POSITION SHORT TERMWe just bounced off of a strong demand zone, XLM has a strong correlation with XRP and since XRP is rising we are expected to see XLM rise as well, Our targets are at liquidation zones that market made by going down.
Indicators:
AROON: Already is showing strong bullish momentum
EMA: We just crossed 50 EMA zone that shows bullish momentum
Bollinger bands: We bounced off of a bottom Bollinger band.
Entry: 0.206510
Invalidation: 0.160401
Target 1: 0.257
Target 2: 0.3064