XLMUST trade ideas
XLM: It Is Getting Ready To Explode SoonXLM: It Is Getting Ready To Explode Soon
During the previous analysis, the price created the correction and it reached
our first target.
I am expecting any correction to expand more before the price will resume the bullish move again.
However, we have to be very careful as XLM is also undervaled and despite the fact
that BTC may correct it can continue with the bullish move again.
We should know that the market optimism looks high these days and this can
do the traders speculate more on the cryptos that didn't move properly these days.
Also from one fast observation many Altocins that didn't increase during the BTC pump
they are exploding these days.
Thank you and Good Luck!
✴️ XLMUSDT | Stellar Growth or New Low (Name Your Altcoin #9 ✅) We are getting close to the last altcoins from our list and we are going to be looking at the chart from a different perspective for your entertainment.
Will Stellar (XLMUSDT) start growing or will it continue dropping and hit a new low?
The answer is truly for the market to decide... But we can use the tools we have available here on TradingView to speculate as to what is most likely to happen next.
The classic signals you are already familiar with and so we will have a look at Elliot Wave Theory simplified.
From March 2020 to May 2021 we can easily spot a 5 up-wave pattern and thus we have a good starting point.
You can confirm the count to be correct by using the volume indicator. The third wave always produces the highest volume and this can be clearly seen here.
When 5 waves are in, we can look for the next step and what follows is a correction.
Based on Elliot Theory there are two main types of corrections, zig-zags, classic 5-3-5 and flats, 3-3-5.
Here we have a flat and we can easily spot the 5 down-wave pattern of the c wave, and thus we know this move also be to over.
Now, waves can be extended, corrections can extend and here we will call for other tools to assist our EW theory, tools that were not available when Ralph was playing his game.
But first, the use of EW Theory is not to predict the future but instead to help you prepare for future potential scenarios.
Wave counting is better used in retrospect and your count can or needs to be adjusted as the market evolves.
After the correction is over we expect a new impulse in the form of a 5 up-wave to show up.
Additionally, we have MA200 trending down strong, when this happens we tend to see prices, XLMUSDT, go up.
Basically the action will gravitate towards this indicator.
At the same time we have a hidden bullish divergence with the RSI, let me explain...
XLMUSDT hit a lower low in Dec. 2022 compared to March 2020, while the RSI hit its lowest point Dec. '22, even lower than March 2020 giving us a strong bullish signal.
These are just signals of course and do not change how we would approach a pair to trade.
If prices drop below the Dec. low, that would be our stop-loss... Any trading above this level and we wait, patiently, for the next bullish wave.
For how long you want to wait before selling or how much you will sell at each target, that's a whole different game... But once we get the bottom, once we are in the green, it is easy play.
Name your altcoin #9.
Namaste.
XLM doing vanilla Elliott WavePrice action gives us 5 clear waves to the upside in an impulsive movement. Correction looks like a traditional zigzag, with most probable target at 0.0802-3, which is a confluence of:
- 50% pullback
- 161.8% ABC extension
- Wave IV from the upside
- Important support/resistance zone from the upside
XLM: The Bullish Wave Should Continue SoonXLM: The Bullish Wave Should Continue Soon
During the previous analysis, the price created the correction and it reached
our first target.
I am expecting any correction before the price will resume the bullish move again.
However, we have to be very careful as XLM is also undervaled and despite the fact
that BTC may correct it can continue with the bullish move again.
We should know that the market optimism look high these days and this can
do the traders speculate more on the cryptos that didn't move properly these days.
Thank you and Good Luck!
Previous Analysis:
xlm usdt******Hello, I checked all the possible scenarios for xlm and you have to prepare the entry and exit plan yourself
For example, entering at the first point to buy should have a reasonable limit that I have shown in the diagrams
or in the second transaction
Or even if the price goes below the support and we expect a decrease, the limit will still be observed
No one is a fortune teller, and what I offer is preparation for various events and the arrangement of arrivals and departures is up to you.
If you think you might be wrong with my analysis, I suggest you skip it
XLMLikely completed a HTF running Flat which is as follows :
Wave B extends beyond the start of wave A
Wave C finishes above the end of Wave A
Wave A must breakdown into 3 sub wave ABC
Wave B must Breakdown into 3 sub wave ABC
Wave C must subdivide into 5 waves (in the case of XLM an Ending diagonal)
the ending diagonal is a precursor to a strong reversal.
Likely the forever bottoms in around .06c & up only from now on, any dips will be eating up by the XLM bulls & Algos.
#Stellar Retracing from $0.09, Swings Price Action to BearishPast Performance of Stellar
Stellar may be up 30 percent from December lows but is trapped below a critical resistance level, reading from the formation in the daily chart. Overall, traders are confident of what lies ahead. All the same, there must be a solid gain above December highs for trend continuation and confirmation.
#Stellar Technical Analysis
XLM prices have been solid from the past trading week. As it is, there is a double top at $0.09, a line that flashes with this week's highs and around the top of the consolidation of the last week of November. The lower lows registered from early this week are negative for bulls. While confidence in traders is because the correction is with lower volumes, XLM must hold above $0.08 or November 9 lows. Any breakout below this level may trigger a sell-off, pushing the coin toward $0.07. Conversely, gains above $0.09 may see XLM float to $1 or November 9 high, especially if the breakout has high trading volumes.
What to Expect from #XLM?
Bears are in a commanding position as long as XLM is within the bear-engulfing bars of early November. For trend definition and bears to shake off selling pressure, there must be a convincing break above this week's highs, confirming buyers of last week.
Resistance level to watch out for: $0.09
Support level to watch out for: $0.08
Disclaimer: Opinions expressed are not investment advice. Do your research.
XLMUSDT needs the breakout!The price is creating a falling wedge on the weekly support.
How to approach it?
IF the price is going to have a breakout from the falling wedge and the resistance and retest as new support, 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 🦐
XLM/USDT | Getting Ready for Massive Breakout..!!
#XLM Falling Wedge formation in HTF timeframe Chart ..
Seems like Bottomed out & Ready for a Bullish Rally.
In Case of Wedge Upside Breakout, Expecting +200% in the Midterm
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