XLMUSD.P trade ideas
Stella in a cup 'n handle. XLM HODL!Well that pop came and went fast but, you know... something better! Further analysis given ;-)
Stellllaaa!!!!!Looking for a pop-up in the channel, long term this is a winner!
Candles look bullish on the weekly as well with them between the 50 & 100ma.
XLMUSD parallel channel with middle resistanceStellar have a great parallel channel up with middle resistance line.
to follow bullish movement, we can take long at channel up support with middle resistance as target around 0.13
We also have fibonacci pattern here with target at 0.142 as fibonacci 1.618 projection
If you have any question, do not hesitate to contact me
Your support at this analysis will also support stellar to reach bullish target
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Axis of Resistance1) I identify the 2 major resistance levels to be the orange rectangles.
2) the first resistance level of 123.6% is not high enough of a target for a violent bull market.
3) since XLM has been underperforming for half a decade, I expect this bull market to be as violent as the 2017 bull market.
4) my target for selling would be the 178.6% Fibonacci extension level which happens to be a major resistance level as well.
5) I plan on buying back at 23.6% or 38.2% Fibonacci retracement level which I have not decided yet.
6) once I decide on buying back at any of those two retracement levels, I’ll set a sell target of $4 per piece.
XLM Stellar Lumen - Potential for a bright future Remember to pay attention to Support Resistance Zones, Don't get greedy and follow a strategy. We are committed to safe and efficient investing, we have target zones for that reason!
Thank you for reading along!
XLM Potential price points
Entry zone: $.1305-$.1310
Major support: $.122
Target 1: $.13745
Major resistance: $.176
Target 2: $.1955
Second major resistance zone: $.290-$.304
Precious top resistance level: $.545
Stellar (XLM) is a peer-to-peer (P2P) decentralized network created in 2014 by The Stellar Development Foundation or Stellar.org. The network officially launched in 2015 with the purpose of connecting the world's financial systems and ensuring a protocol for payment providers and financial institutions. The platform is designed to move financial resources swiftly and reliably at minimal cost. Stellar links people, banks, payment processors and allows users to create, send and trade multiple types of crypto.
The basis of the network is its native digital currency - XLM or Lumens. XLM acts as an intermediate currency for operations and is also used to pay transaction fees. How it works: the protocol converts money in a few seconds, first into XLM, and then into the requested currency.
The Stellar payment protocol is based on distributed ledger technology -- an open-source development, community-owned and distributed by community. The crypto asset of the Stellar platform helps with cross-border transactions, overcoming the problems of high fees and slow procedures. XLM is more focused on assisting individuals transfer money than they are with institutions. Thus, Stellar offers access to financial systems, and people can send money at low cost and promptly around the world.
Can Stellar Touch the $0.15 Mark?Fibonacci Challenge: XLM's price is testing the 38.20% Fibonacci level after a bullish breakout.
Pattern Breakout: The inverted head and shoulder pattern indicates continued bullish momentum for Stellar.
Potential Supply Inflow: Higher price rejection candles suggest incoming supply that could affect the rally.
Market Recovery: Stellar's price is benefiting from the broader market's positive trend, hinting at a strong finish for 2023.
Volume Support: Rising trading volumes back the current uptrend, adding strength to the bullish case.
Technical Indicators - MACD: The MACD's move into the positive zone and bullish alignment bolster the uptrend forecast.
Technical Indicators - EMA: The 50-day EMA's rise helps avoid a death cross, indicating a healthy uptrend.
Year-to-Date Growth: Stellar has achieved an impressive 80% growth in 2023, outpacing many peers.
Regulatory Climate: The SEC vs. XRP case's potential resolution could further influence XLM's market dynamics.
Intraday Trading: XLM is facing resistance at $0.129 after an intraday increase, currently trading at $0.1276.
Upside Projection: Sustaining the bullish trend could propel XLM to $0.1426, a 15% potential increase.
Downside Risk: A reversal from current levels might lead to a retest of the $0.1092 support zone.
With This Breakout, Can XLM Price Bounce Above $0.14?Breakout Signal: XLM has surged past the $0.12 mark, indicating a strong bullish breakout.
Pattern Breakout: An inverted head and shoulder pattern suggests XLM is gearing up for momentum gain.
Fibonacci Target: The bullish rally targets the $0.142 mark, aligning with the 23.60% Fibonacci level.
Recovery Trend: Stellar's price recovery ends the pullback phase, with a trendline breakout suggesting a potential death cross avoidance.
Year-to-Date Growth: Stellar has seen a 72% increase in 2023, positioning it among the top-performing altcoins.
Technical Patterns: The inverted head and shoulder pattern breakout with a neckline at $0.125 is a critical reversal indicator.
Intraday Trading: XLM is currently trading at $0.122, with a slight intraday movement and significant price rejection.
Technical Indicators - MACD: The MACD maintains a positive outlook, supporting the bullish trend.
Technical Indicators - EMA: The 50-day and 200-day EMAs show a bullish trend, potentially supporting an extended rally.
Market Position: XLM's current price is 36% below its 2023 peak, but the trend reversal suggests a strong year-end potential.
Upside Potential: Sustaining the breakout could lead to a 15% increase to $0.1426.
Downside Risk: A market downturn could see XLM retracting to $0.1092.
Stellar Ascending TriangleWhat we see on the weekly chart is a beautiful case of an ascending triangle. The last leg is about to form.
XLM 11/1/23XLM is climbing up the trendlines!
How high we go before the correction down?
I got in @ $0.114000 I will ride it up for now?
Comment!
Will XLM price Break Above $0.12?Market Context: Stellar (XLM) is moving in a bullish pathway but faces resistance at $0.119.
Current Status: XLM is trading at $0.1169, with an intraday fall of 1.76%.
Resistance Level: A strong supply pressure exists at the $0.1195 zone.
Technical Indicators - EMA: The 50-day EMA is slightly above the 200-day EMA, avoiding a death cross.
Technical Indicators - MACD: MACD and signal lines are above the halfway line, indicating bullish momentum.
Recent Performance: XLM has shown a 65% YTD growth in 2023.
Potential Targets: If XLM breaks the $0.1195 resistance, it could aim for $0.1426.
Downside Risk: A failure to break the resistance could lead to a drop to $0.1092.
Market Sentiment: Overall sentiment is cautiously optimistic, especially if XLM can break the $0.1195 resistance.
Long-Term Trend: XLM is currently at a 40% discount from its 2023 swing high of $0.1959.
Market Catalysts: A bullish breakout could boost the Stellar price by 20% to $0.1425.
Long-Term Outlook: Stellar price predictions remain optimistic for the coming months.
Leading DiagonalIf we get a propper 3 wave move retrace i can be certain that something is done correction wise.
I dont like giving retracement levels or prices since i am uncertain about a diag being done... will update as the time comes with some SMC as well.
$XLM targets $.25-.37?CRYPTOCAP:XLM is breaking out of 3 month bull flag.
Targeting $.25-.37 on the upside.
The first major resistance should be around $.22 which is the target of the flag.
Let's see what happens over the coming weeks.
Trade Ideas ~ Selling, unless the market wants something else. Looks like the candles are at a retest of the previous support. It’s possible we may get a surge above the resistance with the news of XRP. At the moment, the chart is looking like a sell to me. Either way, you have 2 trade ideas. The first one being a SELL we are high enough to the resistance line, please do set a stop loss. If we do get a surge of volume from the news and we close some candles above the resistance, then close the sell and look for your BUY.
No exact numbers here so close your trades when you feel comfortable, we are on the 4HR chart.
The holidays are coming too. Right before thanks giving, volume starts to slow down. From previous years, I’ve leaned to not even trade before and after thanks giving. Occasionally you may get a nice Christmas WIN. Have fun.
XLM 10/15/23XLM will rise around $0.110800 Then correct. XLM already rolled over! Just like the rest of crypto, silver, gold, stocks & real-estate!
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COMMENT!
Crossed trend line on 4hr. Are we retesting for the sell?Candles closed on the other side of the trend line on the 4hr. Are we retesting the previous support for a nice sell? Could possibly be a fake out for a sell too. You could do 2 scalp trades. One to retest the broken support and then another sell to the diagonal trend line.
If we find support above the broken support. Then I’d wait for the charts to go back to 13. Watch it close many many small trades to play on:
Looks like we’re headed back to .9 Had initial closed over diagonal resistance until today. Made a new low. Adjusted diagonal resistance. Looks like we’re going back to .9
Market always doing weird things.
Will 61.8% Level Hold?Price as playing with the 61.8% Fibonacci Retracement level. This level has been acting as a strong support since August 17, but the pressure of the sellers keeps bringing the price back to this support level, which is not a good sign for the bulls. One one hand I remain bullish on this asset for the medium to long term, but my short term outlook is that if we don’t see multiple green candles soon we will have to visit 78.6% retracement level. This correction wave is the second wave of the 5 bullish elliot waves. A correction below 0.786 will invalidate the idea of a 5 bullish elliot waves.
Next move for the next several months to .26 ?Looks like we are at a good place to buy. Candles have closed over the downward trend line. Would keep an eye on it for the next couple of weeks to make sure it doesn’t go down a tad more. I’m if it does just adjust the downward trend line to the new low and wait for the candles to close on the other side again. The fib level is holding. If it holds, could see it follow through over the next several months to .26 cent. Depending on momentum, could do level 2 and 3. Either way. It feels like a good play to me.
XLM 9/29/23I got in XLM 9/21/23 @ $0.112120 riding it up & down!
I will sell when BTC hits around $35,000
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Much Love! & Stay Strong!
XLMUSDTThe indicator on the 1-day chart indicates oversold conditions. We have an imbalance zone. And good support that the bears cannot break through. There is also a smaller goal - the exit from the wedge. But I expect a major movement with an overshoot. 1:5 is good enter point
Will XLM Buyers regain control?Sideways Movement: XLM is stuck in a consolidation phase, struggling to gain momentum.
Death Cross Warning: The declining 50-day EMA is nearing the 200-day EMA, signaling a possible death cross.
YTD Growth: Despite the consolidation, XLM has a 34% year-to-date growth.
Discounted Price: XLM is trading at a 42% discount from its 52-week high of $0.1959.
Intraday Fall: XLM's price is at $0.1123, with an intraday fall of 2.04%.
Buyer-Seller Struggle: There's a constant tug-of-war between buyers and sellers.
Psychological Support: Buyers seem to be holding the line at the $0.1092 mark.
Technical Indicators: The DMI indicator shows a falling ADX line, indicating loss of momentum.
Indecisive State: The DI lines in the DMI indicator are merging, reflecting market indecision.
Bullish Reversal: A move above the 50-day EMA could push XLM to $0.13, a 15% jump.
Bearish Scenario: A breakdown could see XLM plummet to $0.1069.
Market Recovery: The overall crypto market is recovering, which could influence XLM's direction.
