XLMUST trade ideas
XLMUSDTHello everyone,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for XLMUSDT
There we have R3 and R1 on the top of the chart which are our resistance areas with the presentation of unsuccessful triumphs of the price to rise. R2 used to be a support area. And at the bottom of this chart, S1 and S2 are the support areas that show the well support of price at some points even since the past. We observe the price behavior in the past that was ascending after its support at S2 line for two times and after every support, the price could rise well toward higher amount which ended up to R3 after its last support. Then via having another decline, this time the price moved toward S1 and presently we see it is moving over the mentioned area. Thus, we see the fluctuation of price above S1 and below R1 after having a falling trend to the current point and our expectation would be two options here. Either the price is supported well at the current point and start its rise upward to R1 and even more to R2 via more fixation over there. Another option contains a falling trend by which the price is not supported anymore and a decline is waiting for it toward lower amounts. It is better to wait for the price to break R1 upward or even to move below S1 and then enter trading. Due to the consistence of an ascending triangular shape, we expect the price to have more rise so wait for the proper moment to put your orders and act wisely. You should consider the market situation in the lower time frames and make sure what will happen exactly. We highly recommend you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time
#XLMUSDT #LQR #TOBTC #LaqiraProtocol● You could get up to 85% ✌️😉 profit from the March 30 analysis
• Support and resistance are specified in the chart
• Levels are obtained from the intersection of the fib and static levels
• You can open a position after confirmation
• This analysis is not an offer to buy or sell
#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.
Stellar Lumens XLM formed a Gartley for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of XLM with US Dollar pair.
Previously I shared a long-term trade setup for XLM, which is still in play:
Now On a 4-hr time frame, XLM has formed a bullish Gartley move for another price reversal.
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 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
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
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
XLMUSDTStellar showed good bullish support at 10 cents.
If it can hold his support level, it is sure to touch 15 cents first and 17 cents will be the next target.
But if there is no support, it will first be $0.096, and in the event of a collaps , it may even fall to $0.077.
Of course, the best area for traders is there.
XLM gotta become bullish soon.XLM is in an ascending triangle pattern.the pattern has not been broken yet but when it happens,the price will be flying! The price is gonna increase as much as the measured price movement (AB=CD) and that would be 36% of pure profit!
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
XLM - Descending wedge almost over
Stellar (XLM) is currently displaying a descending wedge pattern / ending diagonal, which I´m interpreting as the red wave C of the blue wave 4 correction. We could still have a test of the 50% pullback level, sitting at $0.1021, before any bullish momentum picks up.
If the descending wedge pattern is broken to the upside, we could see Stellar's price climb above the $0.1146 mark, for blue wave 5.
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.
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!
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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!
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