XLMUSDT trade ideas
XLM's Break out will Determine The Trend Soon.Hello every one
STELLAR / TETHERUS
XLM is In a Symmetrical Triangle. The Pattern Has not Been Broken By The Price Yet. Depending on The Incoming Break out, We can Expect The Price to move Upward or Downward as Much as The Measured Price Movement (AB=CD) The Incoming Break out will Determine The Trend For XLM. The Support & Resistance are Shown in The Picture.
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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
STELLAR - Bearish Pennant Shorts!Our last analysis was a higher timeframe analysis of Stellar and we found that we were in an ABC correction with 2 possible areas of interest, with one being unlikely. See below:
Currently we appear to be in a bearish pennant for one last move down.
Trade Idea:
- Watch for strong bearish candles on lower timeframe or a correction
- Enter on break of correction with stops above the pennant
- Target the 0.20 where we will be looking for a reversal
Goodluck!
Stellar (XLM) Buy ZoneStellar (XLM) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
On 4 hours timeframe Stellar have formed the bullish pattern where the price has touched down the its potential reversal zone which is at the low entry zone.
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$XLM/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 0.275 - 0.2875
TP 1 : 0.2925
TP 2 : 0.3
TP 3 : 0.308
TP 4 : 0.32
TP 5 : 0.3333
TP 6 : 0.3425
TP 7 : 0.3575
TP 8 : 0.378
Stop Loss : 0.2565
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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This Is Why Jan 2022 Will Be Bullish For Stellar Lumens XLMHi friends, hope you are well, and welcome to the new update on Stellar ( XLM )
Big wedge:
On weekly, after getting bounced by 100 simple moving average XLM is still struggling to re-enter the big wedge. The stochastic is also indicating that the market of Stellar is oversold.
4hr channel:
Recently on 4-hr priceline has broken out a down channel.
Daily breakout and accumulation:
On daily time frame, priceline is still accumulating above the $0.255 support after breaking out the channel. There is also a bullish divergence flashed on the daily time frame. Therefore soon another move towards the upside is expected
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XLMUSDT: Update - Descending Channel | Time To BUYXLM tested the support area again and it should move higher quite soon.
As we can see from the chart with BTC correction all the altcoins made a move down as well.
In many of them the correction as very big and it tested the lower low that the price did when BTC was the it's lowest price on July-21.
From the chart we can see that XLM did the same movement and the price tested the left structure support near 0.2500.
It looks like that all the move down finished.
The price can create a potential range trading movement.
And...the price just broke out of the "Descending Channel"
Targets:
0.3500
0.4200
Thank you and Good Luck!
Stellar Lumens XLM Is Re-Entering The Big WedgeBullish divergence and EMA:
On a weekly time frame, after accumulating above strong support of $0.255 the priceline has moved up. Now XLM is re-testing the EMA 21 after breaking it out and there is also bullish divergence flashed, as the priceline is forming lower high, but the RSI has formed higher high.
Re-entering the wedge:
On a weekly time frame the priceline is bounced by weekly 100 SMA support and trying to re-enter the big wedge.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XLMUSDT: Descending Channel | Time To BUYAs we can see from the chart with BTC correction all the altcoins made a move down as well.
In many of them the correction as very big and it tested the lower low that the price did when BTC was the it's lowest price on July-21.
From the chart we can see that XLM did the same movement and the price tested the left structure support near 0.2500.
It looks like that all the move down finished.
The price can create a potential range trading movement.
And...the price just broke out of the "Descending Channel"
Targets:
0.3500
0.4200
Thank you and Good Luck!
Stellar $XLM is bullish $STELLAR broke through the local resistance level which is now turned into support S1 and broke the descending trendline. Bullish movement is expected to continue and reach the resistance level R1, after the breakout through the R1, movement to R2 is expected to happen. In case of R2 level also broken, bullish movementum will likely reach the final target R3 at 0,44$
Stop loss should be located under the support level S1