XLM LONG POSITION SHORT TERMWe just bounced off of a strong demand zone, XLM has a strong correlation with XRP and since XRP is rising we are expected to see XLM rise as well, Our targets are at liquidation zones that market made by going down.
Indicators:
AROON: Already is showing strong bullish momentum
EMA: We just crossed 50 EMA zone that shows bullish momentum
Bollinger bands: We bounced off of a bottom Bollinger band.
Entry: 0.206510
Invalidation: 0.160401
Target 1: 0.257
Target 2: 0.3064
XLM
XLM breaks bearish channel - Bullish price actionXLM has broken upward from its bearish channel. EMA9 is converging on EMA50; crossover would be nice confirmation, but it's probably worth a long position at this stage already. Set tight stop loss because you never know what Putin will do next to spoil the party.
Bitcoin Explosive Breakout Target#Bitcoin appearing to be gearing up for an for explosive breakout breaking out of a MASSIVE rising wedge patern favoring price targets nearing 1.618 fininachi extension putting the BTC Price at around 90k to complete wave 5. Won't be long until we have an ABC correction before we start attacking the 100k & 200k BTC levels.
These things take time but I do beleive with so much adoption and with regularoty clarity BTC and other charts like XRP, XLM that have not hit their 4.326 Fib targets they too should go on to set new all time highs. Don't sleep on these dips.
It's hard not to be bullish when it's written in the charts.
XRMUSDT 24HR WK #11 (ALT SECRET)XMR will continue to outperform the majority of altcoins.
#1 most altcoins are still +20% from 12/15/21
#2 XMR is still above the 50ema (thick purple)
To find out if your altcoin is worth a ish use this
total3 mkcap (minus btc and eth)
Is your alt trading lower than the total3?
Is your alt 50ema above, below, or indifferent to the total3 50ema
Is your alt moving with speed and conviction
BIG PictureJune 1st, 2023 is the 1:1 time extension from wave A. That means that around that date, we may be at a very good price to buy. It doesn't need to do a full extension, but harmonics usually like these things to line up in some relative fashion. This is why we use the fibonacci sequence. I've noted some relative buy zones in the green boxes. Laddering buys is usually recommended by professionals.
Alright now let me first say that I think Stellar is the real deal, and for good reason. They are one of the only projects completely focused on developing their regulatory compliance while innovating on the network and encouraging new developers to work with them. The "Clawback" (Transaction Reversal) technology is next level, and not something that other blockchains are capable of doing right now. This is a big step in maintaining compliance and being able to actually integrate with conventional regulatory backdrops. Stellar is the dark horse in crypto.
Now, that being said, Biden just released his executive order on crypto.
We are seeing more headwinds than tailwinds right now, so I expect there to be more price declines as exchanges leave and projects shut down that cannot comply with regulatory requirements*. I will note that we are already seeing announcements of projects (YFI/USDT) shutting down 25 apps/projects with seemingly no notice or good reasoning besides the fact that the developers just got bored! That's Not Good! It seems the fakes and non-committed projects are going to start cracking and running away so be careful out there.
The stock market and bond markets are beginning crashing. This first leg down the bias has still been positive, but now the "buy the dip" mentally is fading and prices at the grocery stores and pump are going up!
The market bias is now starting to flip bearish which will drive the major indices tumbling as the Fed starts raising rates. This all will drive crypto lower as liquidity leaves the systems. I expect you will all see prices you never thought you would see again, but I can't guarantee that.
My advice to any holders is HODL, as long as you're not using leverage or loans or anything. Like I said, prices could fall extremely dramatically because the levels of liquidity via margin debt and leverage that is in the system right now is unprecedented. You need to remember though that if you're a long term holder, this is not a project you should be selling ever IMO. I expect XLM to go to $30 over the next 10 years, so this is gonna be a ride of a lifetime if you can hold on throughout.
This is not trading or financial advice. I'm not telling you to sell any XLM or buy any. I am saying that it could go to 8 cents or maybe even 4 or 5 cents and if it does...I would borrow and invest Heavily at that point.
XRP vs XLMWho is gonna be stronger?💪 This is comparison XRPUSDT/XLMUSDT, so if the:
*price is going up, it means XRP is stronger than XLM
*price is going down, it means XRP is weaker than XLM
Ripple is breaking up the yellow triangle which was formed by consolidation after the bullish impulse move, so together it created sort of bull flag and we are just breaking out of it. Target of flag pattern is confluencing with 0.854 fib retracement of the whole range. To sum it up, it looks to me that in the following weeks/months, Ripple could be stronger than Stellar with some pullbacks along the way (as shown by the lime path). What's your take?
Like👍, follow✒️, enjoy📺!
One last dump before the real pamp?Been closely following XLM for the past year and a half, this coin ALWAYS bear traps before any real pump.
I can almost safely say at this point that we are going to see sub 16 cents before the real pump.
I even think its going to bear trap and form a massive hammer (this could momentally go under 10 cents even imo, but should not be for long, otherwise XLM might be screwed in the longer term).
I am bullish in the long term, but I don't think the dump is over.
This is NOT a financial advice.
Final Moments To Catch Stellar Lumens XLM At This SupportHi friends, hope you are well, and welcome to the new update on XLM.
Falling wedge:
On a daily time frame, XLM is bounced from the support of falling wedge pattern with bullish divergence.
Broke out broadening wedge and a re-test:
On a 4-hr time frame, Stellar broke out the resistance of a broadening wedge. Now the priceline is testing the resistance of this wedge as support. There is also a 50 simple moving average support as well.
Tested strong support:
On a weekly time frame, XLM has already tested the $0.18 support and is also likely to form a double bottom as well. Once the priceline will be able to breakout the resistance of the falling wedge
which is formed on a daily time frame then it can reach the big resistance of $0.44.
Conclusion:
If XLM successfully re-tests the resistance of broadening wedge as support and starts a bullish reversal move from here, then there will be a high probability for the breakout from the falling wedge as well.
Stellar Lumens XLM Big Double Bottom With Bullish DivergenceHi friends, hope you are well and welcome to the new update on XLM.
Broadening wedge:
On a 4-hr time frame,XLM has reached the resistance of broadening wedge:
Falling wedge and bullish divergence:
On a daily time frame, Stellar has bounced from the support of a falling wedge. There is also bullish divergence flashed, as the priceline is forming lower low and RSI is setting higher low.
Double bottom formation:
The priceline is also forming a double bottom at $0.18 support.
Conclusion:
If the priceline of XLM breaks out broadening wedge, on a 4-hr time frame, then there will be a high probability for the breakout from the bigger falling wedge pattern.
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
Sometimes just keep it simple 📊I think the chart speaks fore it self.
So will we see a other drop on 20 % ? so fare we are down 13 % from the last top , så only need 7 % and the trend is down ( under MA 200 ) and making lower lows and lower highs , when that been said, the last 14 days the trend have made an 1-2-3 but didnt break the last high and just broke the support at 40,000.
be aware of the 22,02,2022 stay safe.
if your in DEEP red , try to get the best out of it if you aint selling ( lending, stacking, vaults and so on ) so you can get some more coins while riding the down trend.
greeting
marttin