This is just a thought. I'm seeing a broadening wedge here that could take us to 61k and a 25%+ drop is imminent after that in my opinion. this is just a pattern and it doesn't prove anything.
I really have no idea if we will go up or down at this point. i just spotted a falling wedge and it looks like price has broken out of the wedge. i would not claim that this is a bullish structure because all my bullish analyses have been wrong so just make your own conclusion and leave me out of it.
All the details are laid out in the chart. The only thing I would add is: 1) If a scenario like this happens, it will happen at the speed of light. 2) Theoretically, I could be right. Realistically, maybe not so right. 3) I plan on buying @ 9.5 cents and I plan on selling @ 40 cents. I planned to buy at 11.5 cents, but with the price action of BTC, I think we...
I believe price will react to this trend line. the trend line is compatible with a major resistance at 40 cents. we will have pullbacks on our way to 40 cents, but i don't know how trading works, so i will just wait for my target and sell. i believe after reaching 40 cents we will have a nice pullback to 25-30 cents and that's when i would be interested in buying back.
I have changed my mind about XLM a hundred times and I would like to change my plan one more time. using fractals, past price action, and a trend line connecting the closing candles of the double top is giving me a target of around 60 cents a piece. I am greedy and an XLM moonboy, but it is what it is and i like playing games with my money. analyze your own...
Sad for the moon boys. if dominance breaks down below this triangle it will be just one more proof that the crypto market ''won't'' revolve around btc in the future. so far the crypto market is too dependent on the price action of btc.
I have been testing a lot of moving average combinations for xlm for the past few weeks and the price has been compatible with MA 15 and 40 more than all other combinations i have used. i have tested MA 15 and 40 combo on other assets and i feel like this combo is specifically compatible with XLM and XRP, so for other assets i use other combinations. if we pay...
in this chart you see two separate ascending channels. price has broken out of the bottom channel and it has retested it multiple times. as long as price trades in the upper ascending channel it can be considered a safe zone for the bulls. breaking below the upper ascending channel is going to send us to the bottom of the lower ascending channel causing a...
Accumulation phase of the market comes in different shapes and sizes. I just wanted to share this chart to show two accumulation phases with different shapes and sizes. upon breaking out of the current accumulation phase, I will sell all of my XLM holdings at 17 dollars a piece. whether we like it or not, the alts are the slaves and btc is the slave master. the...
I can't stop thinking about this ascending triangle. a simple ascending triangle in a very complicated and unpredictable market. while i'm bent on selling my xlm at 38 cents, i feel like there's a chance that this scenario is more likely to play out. I am considering a change of plans and set my sell target to 70 cents and then buy back at 42 cents. please do not...
I was planning on riding XLM to about 38 cents, but if we close below this trend line i will cancel my trade and look for a better opportunity to buy. the sad thing about XLM is that on trading view the same dogs that see a big green candle start calling for bullish targets, but when the market goes against their bullish ideas the same people hid under their...
The 25 (orange) and 99 (blue) Moving Average Cross has been shown as an indicator for the bear and bull markets in XLM. usually when the 25 MA crosses the 99 MA in a way that the 25 MA is on top, it is an indication of the start of bull market. when the MA lines cross in a way that the 99 MA is on top it's an indication of a bear market. yesterday MA 25 crossed...
the reality has been the opposite of all my ideas. I also hope I'm wrong with this post and the opposite happens. I see a nice trendline and it has been very difficult to go above it, but price is still in uptrend and if the uptrend continues then 39.5k is possible.
many believe that price has broken out of the descending channel or the downtrend, whichever you wanna call it. what the many don't realize is that XLM is entirely dependent on BTC when BTC is bleeding. those of you calling for a breakout better hope BTC stabilizes here and goes sideways for at least a few days, because if s*** hits the fan and BTC decides to...
1) I think this is a rising wedge looking at it from the hourly chart. 2) my short term target is 61.8% Fib retracement level 3) 61.8% level can act as support 4) I don't care if you do your own research, I just know if you treat my ideas as a guide for your trades, you'll go bankrupt. 5) I don't give a hoot if you end up bankrupt, so don't privately message me...
1) Price is currently fluctuating toward the end of wave 1 of 5 elliot waves. 2) I expect a correction to 50% fib retracement level. 3) I think the 50% level is very important, because it coincides with a very Halaal trend line that started this bullish move. 4) Apart from that the 50% level men 37k-38k and a retest of this level will give the big buyers enough...
1) I want you all to see how beautifully how not long after breaking out of EMA 150 price pulls back for a retest. 2) The breakouts are shown with black arrows and the retests are indicated with blue circles. 3) Many are expecting strong support around 31k-32k and if price pulls back to this support level it will fall exactly on the EMA 150 trend line. 4) The...
NOTE: This is an inverted scale chart of btc. 1) Formation of Inverse H&S is possible. 2) from the inverted chart a bottoming pattern is forming, which means in the actual chart price is forming a top 3) i was expecting the top to form a lot quicker, but it looks like price movement is moving toward resistance and supports very slowly.