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XLM USD Daily Chart BreakdownIn this chart I'm looking at an interesting pattern I noticed while looking at XLM and the price movement we've seen in the past months. 1,2,3,4 1,2 1,2,3,4 ETC. If we continue this, I consider the .46 cent area to be strong confirmation that we are going to continue up in this trend ( at least for now ). I will be watching for a dip in the RSI on our trip down to .31 cents, this should push us well into oversold territory giving us fuel for launch. I have labeled a buy zone for those who aren't already holding strong positions. I also labeled sell zones where I am going to be liquidating portions of my XLM strategically to take profits in an attempt to capitalize on the next dip. Do as you please, this is my goal however. I have outlined our areas of support as well in green. ***BREAKING BELOW .31 is going to invalidate this idea*** I do not think it is likely, however if we did I believe we will see strong upward movement as it would be an incredible entry point for those who are late to the game. As always, this is NOT financial advise and I am NOT a financial advisor. Please always do your own due diligence and NEVER invest money that you cannot afford to lose because this space is extremely volatile. Please like, comment and follow! Thanks
KRAKEN:XLMUSDLong
by WhiteJesus
16
Run up - Correction - Run up. XLMA run up, correction and another run up, this how XLM does it. Now it seems like the price of XLM is at the edge of the correction as the 20 and 50 EMA are getting very close to each other which will now eventually lead into a buying volume spike that can result in 100% gains in a matter of few days. This is the way XLM likes it, drop below support and explode out of nowhere. Indicators. Even though the price likes to explode out of nowhere, indicators can give us a bit more info. Let’s take a look at volume indicator, as this is the one example where taking a look at volume can give you some clues. The volume is really low. Isn’t that bearish? No, it’s actually pretty bullish. A lack of volume for such long time is a sign of a calm before a storm. Boring sideways movement before a major rise. RSI is low enough to see a demand spike. A drop below 40 will likely lead to a bull run. But if RSI stays below 40, that would not be good for the price. MACD is in a second selling wave, however the selling volume is very limited. Overall trend based on EMA levels is an uptrend, but the price is currently below 50 EMA which is not ideal in normal conditions, but XLM is looking for such situations as these oversold levels attract buyers.
Long
by TiborVrbovsky
14
XLM/USDT - Possible Bearish BreakoutHello traders and community, today we will tell ourselves shortly about the situation of XLM/USDT Trend analysis - As you can see from the XLM/USDT daily chart, the price of Stellar coin is in range movement (white zone) and prepared for testing new lower prices cause of Elliott 5 waves pattern, that's why we can expect with 55 % probability bearish breakout in the following days as you can see on the white line. I recommend to wait for correct signal before putting short trade position down to 0,31090 price level (support zone). Today's resistance level (red zone) is on 0,4585 price level, support level (green line) is on 0,37421 price level and global trend (orange line) is still bullish, but can be changed soon with bearish movements. Wish you good luck with trading this pair and more information about this cryptocurrency will be provided later. Chart pattern - Bearish breakout (processing) - Elliott 5 waves pattern (processing) Technical indicators - RSI: market is still in boarders and is located near 50 level (not overheated, Neutral signal) - MACD: MAs are prepared for downward movement + they started moving closer to each other and overall trend is going down (Bearish signal) - BB: Volatility of the market started stabilizing after volatile movement accomplished (Bearish signal) - MA (10,20): MA10 is going upward to the level of MA20 (Bull signal) = Overall bearish signal movement Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention! Tell us about your opinion for making better decisions :) P.S.: Information provided is only educational and should not be used to take action in the market.
Short
by PrizesRises
XLMUSD, Develops Dynamic Descending-Wedge, How It Completes!Hello Traders Investors And Community, Welcome to this analysis about XLMUSD, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Since XLMUSD has shown up with these main bearish downside price-actions it has somewhat managed to hold the range and build up marginally on it, in this case now I discovered a decisive formation XLMUSD is forming that will be the determining source within the upcoming times, therefore it is necessary to elevate the proper price-actions leading to confirmation before finally moving into this direction, in this case, I detected all the important levels and likely destinies we should consider within the established structure and upcoming movements. Structural Developments: As when looking at my chart now we can watch there how XLMUSD is about to form this main dynamic descending-triangle-formation marked with the boundaries in blue, besides that XLMUSD has the coherent wave-count within the formation already completing the waves A to D in the structure and with the wave E now setting up that will run directly into this confirmational-bounce-cluster marked in orange from where a bounce to the upside is likely to show up as XLMUSD has several supports coming together within this zone, when the bounce is strong enough this can lead to a great breakout and therefore completion of the triangle-formation after which XLMUSD will activate targets and proceed with further continuations. Upcoming Determinations: Taking all these factors into the consideration XLMUSD is trading in a situation in which it has the abilities to complete this whole triangle-formation properly to the upside therefore it is necessary that XLMUSD holds the supports and bounces within to do not close below because such a price-action will invalidate the whole formation, therefore it is also necessary to keep patient for the proper validations before finally moving into the right direction. When it shows up as expected XLMUSD will have the ability to continue further and test resistances within the 0.46 USD region. For now, it will be important how XLMUSD completes the formation, it will be an interesting development ahead. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
COINBASE:XLMUSD
by VincePrince
16
Stellar (XLM) - March 14Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- We need to see if we can get support and climb in the 0.41066231-0.43554974 range. In particular, we have to watch for movements that deviate from the downtrend line. If you fall from the 0.40424868 point, you can touch the 0.336 point, so you need to trade carefully. If it falls at the point of 0.31499658, a Stop Loss is required to preserve profit and loss. Compared to the movement of the XLM price, you can see that the trading volume has decreased considerably. It remains to be seen if the centrality can rise as the green of OBV in the volume indicator increases. In the CCI-RC indicator, it remains to be seen if the CCI line rises by more than 100 and breaks above the EMA line. When the uptrend begins, it is expected to rise above the 0.53372627 point. The next volatility period is around March 18th. -------------------------------------------------- ------- (Binance XLMUSDT 1D Chart) We have to see if we can get support at 0.40587 and ascend above 0.43713. In particular, we have to see if we can get off the downtrend line. If you fall in the 0.37041-0.39265 range, you can touch the 0.30368 point, so you need to trade carefully. If it falls from the 0.30368 point, a Stop Loss is required to preserve profit and loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BITTREX:XLMUSD
by readCrypto
XLMUSDT (STELLAR) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - XLMUSDT brokeout above the descending trendline resistance and retraced - Price is testing the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - Price action is printing the falling wedge (FW) pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the falling wedge's resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the falling wedge's support. - This breakdown will probably lead to the retest of the horizontal support level (S1). - Which if it holds, will lead to the formation of the double bottom bullish reversal pattern.
Long
by Chibuike_Odoh
4
XLMUPUSDT (XLMUP) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - XLMUPUSDT has been ranging since December 2020. - The market is testing the ATL support. - The downtrend to the support was resisted by the descending trendline resistance (DTR). - Price brokeout above the descending trendline resistance and retraced - Price action is printing a falling wedge (FW) pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the falling wedge's resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - ATH (All-Time High) resistance. SETUP INVALIDATION ❌ - Breakdown below the falling wedge's support. - This breakdown will probably lead to the retest of the ATL support. - Which if it holds, will lead to the formation of the double bottom bullish reversal pattern.
XLong
by Chibuike_Odoh
XLM: will be among stellar in April or around 23.03As you can see I'm between fractal of Dec pump or Jan pump. This is only my POV (not trading advice - do your own research): we are in a huge descending triangle and comparing black circle (fractal from January) we are doing a triple bottom pattern (bullish). We are also bullish with the fractal from December pump - because we are respecting the same timing: 41 days of retracement (-52%) + sideways movement; and checking EMA's "purple circle" we become bullish at beginning of purple circle, reversal to bearish and reversal to bullish at the end of the purple circle bullish... This will fundamentally respect the event that will occur at the end of the month 3/31 ( twitter.com ) There's also another event: "the #Stellar test network reset is scheduled for 03/17/21 at 0900 UTC. (...) twitter.com " The end of March is also end of month, I mean normally we become bearish (of course) and it's also the end of Q1. I think (only my thoughts) that we can be pumping either on 17-23.03) or only on April. Connecting with BTC, where everyone is wishing the new ATH... Maybe we'll go 70k (and correct before end of Q1), maybe we already start to correct. Either way, XLM will have to wait for this movements (in order to have less BTC dominance promoting altcoins pumps.
Long
by prodigy81
4
Digging Deep XLM/BTC #Stellar #XLM $XLM Here we see our XLM Btc 1 hour chart on Binance . As you see we have dipped way down here into the 700 area. We have hit another TD Sequential 9 in red here and should really see a turnaround come soon . I'd wait for confirmation but a target above us seems to be 836 - which would be that red line above us. That's part of our VPVR indicator and the red line is an area of confluence and should be a target above us where we will be going at some point. I still think there is a large Cup and Handle structure forming on this XLM chart on the higher timeframes but here we see the chart is bottomed out . When this finally turns up the targets above should be our fibs which are = 1926 - that's our .236 fib 2862 - that's our .382 fib 3619 - that's our .5 fib 4375 - that's our .618 fib 4939 - that's our .786 fib there may be a pullback somewhere near 37xx since that could be the lip of the cup - but Xlm can see returns to All Time Highs this year . Thank you.
by shimmeringpath