XLM (Stellar) is looking very good in the short, and long term!XLM is creating a very nice-looking chart and could be preparing to appreciate significantly in the coming months or years. The longer-term aspect clearly shows that it’s trading towards the bottom of the current range and could be a very good buy at or below current levels.
Good luck, and always use a stop loss!
Xlmstellar
XLM/USD 15M Chart Horizontal Triangle We touched the long term resistance based off the previous highs around $0.60 and had a pullback. The price seems to be consolidating in a horizontal triangle pattern. ABCDE Correction. In theory we should be headed back up to a retest and hopefully a breakout. If it fails, I would expect to potentially fall as low as the $0.51 mark where other supports intersect. It looks noisy but It looks like there was an ABC in each leg of the ABCDE and pretty symetrical.
XLM Stellar - Bullish divergence picking up, after BTC shakedown
This is Stellar XLM !
I’ve seen this going down and down and down for weeks. A couple of weeks ago, we saw this nice bullish divergence on the EFI and the MACD-H indicators.
It was going up pretty healthy and ready for a rally, only to be hit by BTC , which was barting down.
As a result, alts were hugely red, and XLM was no exception. It gave back the gains, but hung on the 0.08202 line, which became support the days after that.
It continued consolidating, and had a false breakout that broke the local 0.08202 support line.
After that, we tend to see a new uptrend, and since then the 21 day EMA is up, and prices are above the EMA with the EMA itself serving as support.
today we broke the previous high, tracing a new higher high, and supported with huge volume .
To me, this looks like a good chance for a reversal of this bearish trend , and starting of a new uptrend.
I will watch this closely and use my own system to scalp on the shor timeframes if I have time.
As always, my targets are flexible, and I will assess the situation. Targets are never fixed according to me, but to get an idea:
Entry: Around 0.10
Target 1 0.14158 A previous breakout, now being a possible resistance
Target 2 0.1863 Previous support zone
Stoploss 0.08635 Current EMA level. If we get down to this, I want to get out and reassess. It could be that we can then re-enter, if we bounce on this local support.
R/R Ratio
Target 1 1:3
Target 2 1:5,7
Updated Strategy! : Beat the markets EASYit's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot 3.06% -7.44% appears you buy, if a green dot 3.06% -7.44% appears after that green dot 3.06% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
shorter time frames will be choppy.
larger time frames will be smooth.
*Daytrading smaller timeframes is possible but not recommended.