Hi guys! We can see XLM has been stagned for the past few days, but that just how XLM moves: stagnates for a month/month and a half and then comes a big bull run. Technical analysis and fundamentals seems to be in the right direction for XLM! Great project for a long term investment. What do you guys think?
After a big pump there's the retracement of about 40% then price goes up to the previous all time high
It seems that Stellar is trading inside this triangle pattern. In my opinion be finally passed the correction of bitcoin. And because of the correlation to the performance of the altcoins to btc, I think it will rather breakout to the upside. Cheers ✌️💫🚀
First I really want to explain that, that at the beginning I couldn't understand why XLM pumped continuously last 13.02 /14.02. With XLM you always have to check their newsletter to "justify" any price increase on the chart (Bitbound, Ukrainian Government). Because this last pump we didn't have "significant volume" (peak) we can say that might be an effect of...
We got a breakout to the upside and now he is testing the support zone. This is a good opportunity for a buy! This is the same setup for XLMUSD.
Good news is that we are above support at 0.38c and this bullish pennant has formed, offering up the chance for XLM to continue its move up. Just watch for the test of the Pink line before you go long.
XML is above a strong trend line that is acting as support. But hitting its head on the 0.38 high from 2018. If we can flip this from resistance to support, we're moving up.
Mixing several technical analyses (ascending channel, bull flag, 0, A, B, C) we aim next target of XLM to 0,65€ in a short term. Corrections (healthy and big) might be also expected because we are moving upward since 28.01.2021. This is only a chart to check if things will happen and it's NOT A TRADING ADVICE. Reminder: check the Stellar website (newsletter and...
We can see the symmetrical triangle and hidden bullish divergence so we could have a breakout and the pump. Good luck!
XLM broke its triangle structure (check my last analysis) and seems like it could be heading towards 42 cents!
The past huge pump for XLM we had we had a small consolidation with a breakdown into conso back into pump. What could be a potentional scenario is that we do the same currently. We just had our consolidation MACD is crossing bearish so a possible sell indicator. Aswell with the bearish divergence from previous top and current one. Staying above the green trendline...
As seen in the graph, XLM is in a short term bull trend and will most likely hit the upper side of the channel, a 30% increase. *This is not financial advise
Potential breakout from triangle structure might come down and retest support before going on a bull run similar to what was seen a few months ago when it was 6 cent 100% gains???
All indicators on weekly, daily, 4h, 2h, 1h charts indicates bullish status. We are close the brake of downtrend line. It seems the day of Stellar. Target 1 till 0,36 seems possible, target 2 0,49 if confirmed by charts. Cup and handle configuaration seems behind the picture. (I am not a professional, make you own decisions)
Stellar is moving inside a rising channel pattern and we expect a breakout soon. Probably ATH will be the goal.
I want to test this idea with you guys - like if you believe this could be a realistic scenario:)