XLM
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.
Pla breaks trendline Trend line Breakout And Retest Has Already Done Expecting Massive Bounce In Midterm
Expecting 150 to 160% bulish Move
#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.
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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Narrow bullish channelCurrently, the price of XLM is inside a narrow bullish channel, and if the bottom of the channel is broken, the price correction could continue to the range of $0.082-$0.081.
A stronger and more confident support level is located in the $0.077-$0.079 range, which could once again create a strong demand zone.
THIS IS THE LEVEL TO WATCH IN XRP!The .4068 level continues to be the level to watch. If this level breaks then the theoretical 'flood-gates' could be unleashed upon the rapidly diminishing supply of liquid XRP. If the price declines look for buying opportunities that correspond with your investment strategy and add to your positions accordingly.
A potential bullish path for XLM in the coming weeks.There is a good chance that due to the rapid rise in digital assets like XRP, XLM, ALGO, HBAR ect... in the recent weeks that a pull-back may present some really good buying opportunities to add to the stack before the big...big move that we all know is coming soon.
✴️ Stellar | Endless OpportunitiesI wanted to write about XLM (Stellar)... It's been a while.
This is a better example of endless opportunities. This one is essentially still at the bottom.
Let's keep it ultra simple shall we?
The RSI is super strong yet XLMUSDT is near its lowest price in years.
Normally, you get a strong RSI when everything is going up and growing.
When things start crashing, you get the weak/oversold RSI signal.
Having a strong RSI at bottom prices signals that the bulls are ready to enter/jump in with force.
The chart agrees... We have a cup bottom pattern and so many green candles tells us sellers are no more.
Everything points higher.
If it doesn't go higher, as a trader you are still looking at a setup where you have very low risk with a very high potential for reward.
The risk can be limited to 10%-20%.
The upwards potential can be 50%, 90%, 200% or even more long-term...
We are only getting started.
I'll show you more.
Namaste.
XLMUSD descending triangle - SHORT (NEW)XLMUSD looks ugly , not different than other coins.
The price broke to the downside of the descending triangle pattern.
We already saw a successful bearish retest and previous support now is acting as a resistance. We're expecting 18- 20 % dump soon.
Target shown on the chart.
Good luck!