XLM
Potential Ascending triangle on XLMFresh Post Monday Fun
In trading it is very important to have several mental models in mind. You can not be biased and in love towards 1 scenario you WANT to happen.
we have a beautiful ascending triangle which can be recognised by a ceiling and a sequence of higher lows.
Important to note is that patterns occur on every timeframe. What happens on a smaller timeframe is less significant than what happens on a bigger timeframe. So if we see an ascending triangle on the weekly chart ( high timeframe ) you could be thinking about a semi long term bullish run for xlm.
But like I said , you can not fall in love with that scenario so you have to make mental models if something else happens. Outlined are 3 scenario's that can happen and you need to plan in advance how you are going to adjust your strategy if you were right / wrong about your model.
Which model do you like best ?
Nova
Stellar Analysis XLMUSDAn analysis for XLMUSD using Gann and Fibonacci circle
The fib circle shows a clear passage through 2.618 following a previous rejection at this level (red arrow), this could lead to a breakout
The gann portrays the length of the bear and current bull run
Price is also sitting right above 0.618, which is established from the previous ATH
We still have some steam (steem) left in the tank for the bull run
Happy trading
XLM - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
XLM is overall bullish trading inside the blue channel and now approaching the lower blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: XLM is forming a trendline (in red) and an inverse head and shoulders pattern (in orange) but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XLM would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🔥 XLM On Strong Support: Bounce LikelyOver the course of around 1.5 years, XLM has been following this support line. For multiple occasions the support held strong and caused a bounce.
Seeing that XLM has yet again touched said support, I see it likely that the price will at the very least bounce in the coming days. Unclear yet if the support will hold; if it won't, we might face further downside.
In case of a bounce I'd be looking at the $0.39 area for a potential exit. We'd have to see if BTC manages to reach $60k again in the coming days.
Happy trading!
$XLM Stellar good buy opportunity!$XLM Stellar
An open-source payment technology, operates on a unique consensus algorithm rather than mining.
Rank 26 ATM.
Healthy correction and finds support, good moment for a buy IMO. Take profits on the road or sit on your hands.
Feedback welcome!
DYOR and please let me know what you think.
Stellar Lumens $XLM WOW!
I've been in crypto since 2021 January and honestly, haven't sold nothing. Haven't taken profits, haven't try to buy ANYTHING in the green, i've been focus accumulating for a day like this where $XLM would shot up to about $2.75 some day to melt faces.
I believe maybe this would distract those whose holding $XRP as well. I own both, love both but I for surely believe $XLM works with the ppl as well.
$XRP has some amazing tokens on its Ledger and I can't wait till #Stellar drops more tokens on their ledger as well.
#StellarLumens #StellarFamily #XLM COINBASE:XLMUSD
Stellar- Ready for 0.6?After a short spike above resistance, Stellar reversed and now is consolidating in a tight range.
However, the price action since the beginning of October is very constructive and bullish and I expect a new and sustained leg up to at least 0.6 by year's end.
A drop under 0.3 would negate this bullish outlook