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XLMUSDT trade ideas

#Stellar Crashing, XLM May Retest $0.085 After A 54% SurgePast Performance of Stellar After days of sideways movement, Stellar prices crumbled on April 19. The coin is now trading below critical support levels, now resistance, at the back of expanding volumes. Immediate resistance lies at April 19 high of around $0.10. #Stellar Technical Analysis Bears appear to be flowing back, days after XLM rose 54% from mid-March. What's conspicuous is the wide-ranging bear bar of April 19 that broke below the middle BB with high volumes. This bar will anchor the short and medium-term formation. As such, as long as prices are below $0.10, traders can look for entries to unload, targeting $0.085, marking the base of the March 21 bull bar. This level also coincides with the 78.6% Fibonacci retracement level of the March to April 2023 trade range. On the lower end, bears may force the coin back to March 2023 lows at $0.075. What to Expect from #XLM? The retracement on April 19 follows weeks of horizontal consolidation. This represents a bear breakout, and there are higher odds of XLM printing lower in sessions ahead. Resistance level to watch out for: $0.10 Support level to watch out for: $0.085 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
XLMUSDT wants a new bullish impulse?XLMUSDT price experienced a bullish impulse, followed by a rounded accumulation phase. During this phase, the price has been consolidating in a narrow range, forming a rounded bottom pattern, which indicates a potential reversal from the previous downtrend. If the XLMUSDT price breaks out of the accumulation phase and confirms a new uptrend, according to Plancton's rules, a new long position could be taken. It is essential to consider the volume and the momentum indicators to confirm the breakout and avoid false signals. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
XLMUSDT Short Scalp - 30m- Price creates a bullish imbalance going forward - Price creates buy-side liquidity (BSL) and then proceeds to clear BSL highs - Price then drops and clears BSL lows, creating a change of character (CHoCH) - After creating a change of character, price proceeds to move back upwards, forming internal liquidity - Price then clears this liquidity (L) and mitigates supply - After confirming a bearish reaction candle from mitigation, we look for shorts - SL is set to the breaker block that occurs just before the main supply zone - Tp1 is at the final wick high before the bullish imbalance candle - Tp2 is set at the bottom of external liquidity
Short
by Sincityy
XLM: Bullish FlagStellar (XLM) technical analysis: Trade setup : After getting rejected 2x at $0.10 resistance, price had finally broken above it, sharply rising with big volumes, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend. Now it’s consolidating, likely briefly, in a Bullish Flag pattern, which typically resolves in the direction of existing Uptrend. Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
Long
by altFINS
2
Stellar XLMUSDT 4 Hour Chart Analysis Binance April 9,2023BINANCE:XLMUSDT As per the 4-hour chart, the pair is undergoing a correction within a descending wedge pattern. The price has rebounded from the support line, which implies that the bulls will now try to push the pair above the wedge. In case of a successful breakout, the pair could target $0.11 and eventually $0.12. However, if the price fails to hold the support line and falls below it, it could indicate an increase in selling pressure. Although there is a minor support at $0.10, a break below it could lead to a further decline toward the 200-SMA. Let me know what you think! Follow me for more TA!
by TradeViewDemiGod
Stellar XLMUSDT Daily Chart Analysis Binance April 9,2023BINANCE:XLMUSDT After being rejected at the overhead resistance of $0.12, Stellar is now approaching the 20-day EMA ($0.10), where the bulls may show interest in buying the dips. If the price bounces off the 20-day EMA, the bulls may attempt to overcome the resistance level again. A successful breach could complete a bullish rounding bottom pattern for the XLM/USDT pair, marking the beginning of an upward trend. The pair may then aim for $0.15 and $0.17. However, if the price fails to hold above the 20-day EMA and drops below it, it may indicate waning bullish strength. This could lead the pair to fall to the 200-day SMA ($0.09), which is a critical level for the bulls. If it fails to hold, the price may further decline to $0.07. Let me know what you think! Follow me for more TA!
Long
by TradeViewDemiGod
XLM: Resistance BreakoutStellar (XLM) technical analysis: Trade setup : After getting rejected 2x at $0.10 resistance, price has finally broken above it, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend with upside potential to $0.13. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
Long
by altFINS