#Stellar Retracing from $0.09, Swings Price Action to BearishPast Performance of Stellar
Stellar may be up 30 percent from December lows but is trapped below a critical resistance level, reading from the formation in the daily chart. Overall, traders are confident of what lies ahead. All the same, there must be a solid gain above December highs for trend continuation and confirmation.
#Stellar Technical Analysis
XLM prices have been solid from the past trading week. As it is, there is a double top at $0.09, a line that flashes with this week's highs and around the top of the consolidation of the last week of November. The lower lows registered from early this week are negative for bulls. While confidence in traders is because the correction is with lower volumes, XLM must hold above $0.08 or November 9 lows. Any breakout below this level may trigger a sell-off, pushing the coin toward $0.07. Conversely, gains above $0.09 may see XLM float to $1 or November 9 high, especially if the breakout has high trading volumes.
What to Expect from #XLM?
Bears are in a commanding position as long as XLM is within the bear-engulfing bars of early November. For trend definition and bears to shake off selling pressure, there must be a convincing break above this week's highs, confirming buyers of last week.
Resistance level to watch out for: $0.09
Support level to watch out for: $0.08
Disclaimer: Opinions expressed are not investment advice. Do your research.
Xlmusdt
XLM/USDT | Getting Ready for Massive Breakout..!!
#XLM Falling Wedge formation in HTF timeframe Chart ..
Seems like Bottomed out & Ready for a Bullish Rally.
In Case of Wedge Upside Breakout, Expecting +200% in the Midterm
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XLM Stellar Lumens - 2000% profit on this trade!
XLM is starting a huge bull market right now! 2000% profit is real, and in this analysis I will tell you why!
This is the macro outlook on the 3D/weekly chart. The previous bull market from 2020 - 2021 was very impulsive, and this proves how strong this coin is.
We can clearly see a falling wedge or a bullish flag pattern that is very close to an explosive breakout; you don't want to miss it at all costs!
Furthermore, this pattern is an ABC correction from an Elliott Wave perspective, which is extremely powerful when combined. You want to see a bullish flag with a zigzag pattern inside of it.
What is the profit target? We can use a parallel channel projection to establish the end of the bull market, which is around 2 USDT. It also depends on how fast the uptrend is going to be.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
On the way up, we have a lot of resistance, so check it out; I marked it on the chart. All of these are very significant levels.
There is no full price history of the XLM coin on TradingView, but if you take a look at Coingecko or CoinMarketCap on the LOG scale, then you will see how strong and stable this coin is.
The bull market is starting, and you want to deploy your USDT and buy some great coins, such as XLM, or you can trade futures as well.
This January is like the best month ever, so enjoy it!
Thank you, and for more ideas, hit "Like" and "Follow"!
Narrow bullish channelCurrently, the price of XLM is inside a narrow bullish channel, and if the bottom of the channel is broken, the price correction could continue to the range of $0.082-$0.081.
A stronger and more confident support level is located in the $0.077-$0.079 range, which could once again create a strong demand zone.
✴️ Stellar | Endless OpportunitiesI wanted to write about XLM (Stellar)... It's been a while.
This is a better example of endless opportunities. This one is essentially still at the bottom.
Let's keep it ultra simple shall we?
The RSI is super strong yet XLMUSDT is near its lowest price in years.
Normally, you get a strong RSI when everything is going up and growing.
When things start crashing, you get the weak/oversold RSI signal.
Having a strong RSI at bottom prices signals that the bulls are ready to enter/jump in with force.
The chart agrees... We have a cup bottom pattern and so many green candles tells us sellers are no more.
Everything points higher.
If it doesn't go higher, as a trader you are still looking at a setup where you have very low risk with a very high potential for reward.
The risk can be limited to 10%-20%.
The upwards potential can be 50%, 90%, 200% or even more long-term...
We are only getting started.
I'll show you more.
Namaste.
XLMUSD descending triangle - SHORT (NEW)XLMUSD looks ugly , not different than other coins.
The price broke to the downside of the descending triangle pattern.
We already saw a successful bearish retest and previous support now is acting as a resistance. We're expecting 18- 20 % dump soon.
Target shown on the chart.
Good luck!
The formed divergence can only cause a pullback in the downtrendXLM had good price increase over the past week. In the previous analysis, we had given the possibility of a reversal according to the double bottom pattern formed, which was confirmed exactly by the breaking of the resistance of the $0.0725 range, and the pullback to this support caused the price to grow to a higher resistance in the $0.075 range. One of the important resistances is considered in the range of $0.077. This resistance overlaps with the downtrend line, and its break could change the trend in the 4-hour time frame. Now the XLM trend is in the 4-hour range. On the daily time frame, the RSI indicator needs to return above the 60 level for a trend reversal. Otherwise, the formed divergence can only cause a pullback in the downward trend. The next resistance levels are considered in case of increasing strength of buyers at the prices of 0.082 and 0.090 dollars.
Accumulating XLM & DOT -Fractals show PROFITSHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If I haven't already told you, Happy New Year 🥂
I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low or in accumulation zones and altcoins that are known to pump and dump independently of the overall market trend ( bearish or bullish ). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XLMUSDT / Stellar and DOTUSDT / Polkadot .
Incase you missed yesterdays gems, XRP and LTC , find the analysis here : 👀
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CryptoCheck
XRP vs XLM macro breakout?Who is gonna be stronger?💪 This is comparison XRPUSDT / XLMUSDT , so if the:
*price is going up, it means XRP is stronger than XLM
*price is going down, it means XRP is weaker than XLM
My last analysis (11/08/2022) of this pair anticipated the Head and Shoulders but the pattern has not been actually triggered as the neckline has not been broken and the formation was invalidated later.
Last months Ripple is much stronger than Stellar and the chart actually drawn huge inverted Head and Shoulders with Neckline being at the previous chart high @ 4.67. Now XRP is trying to get above the Neckline and stay there to confirm the breakout. IF that really happens, we could see run up to 8.62 meaning that 1 XRP would be worth 8.62 XLM, while now it's just 4.67 XLM. In other words Ripple would gain 85% against Stellar no matter what the USD value does. All the uptrendlines could act as magnets attracting and repeling the price. Invalidated below right shoulder @ 2.67.
To sum it up, I think that in the following months, Ripple could be stronger than Stellar with some pullbacks along the way. What's your take?
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
#Stellar Firm from $0.07 as XLM Trading Volumes SwellPast Performance of Stellar
Stellar prices are up five percent from December lows. Per the XLMUSDT price action, buyers appear to be taking charge after steep losses last year. XLM plunged 77 percent from January 2022, dropping as low as $0.070 by the end year. However, things are beginning to look up for buyers following gains on January 2.
#Stellar Technical Analysis
Overall, XLM prices are bearish from a top-down preview. The primary support is at $0.07, flashing with December 2022 lows. On the other hand, primary resistance is at $0.077, coinciding with December 19 highs. Following the gains of January 2, aggressive traders can look to double down their positions, targeting the short-term resistance level. It is worth noting that prices are higher with rising trading volumes, a positive development. Further gains above $0.077 and middle BB may pump XLM towards December 16 highs at $0.082 as the coin bottoms up.
What to Expect from #XLM?
There are higher highs relative to the lower BB though the downtrend remains. Going forward, sellers remain in control, and XLM must clear the above immediate liquidation lines for buyers to establish themselves.
Resistance level to watch out for: $0.077
Support level to watch out for: $0.070
Disclaimer: Opinions expressed are not investment advice. Do your research.
XLM - Probability of retesting the support levelXLM has been in a gentle downward trend over the past week, and the price has entered a range that has raised the possibility of a complete breakdown of the monthly time frame support. The downtrend line that was considered on the chart has not yet been broken and the price is far away from the downtrend line. A resistance is considered in the range of $0.0777, which is the ceiling range of the last bearish wave in the 4-hour timeframe. On the other hand, a double bottom pattern is formed in the range of $0.0710, which the break of the $0.0725 resistance can confirm this pattern.
Of course, if a bullish candle is formed above this area. In this case, we can expect for the next week that the buyers will make an attempt to return the price to the specified dynamic resistances. After a possible reaction to this resistance, there is a possibility of a retest of the support level and the formation of a double bottom pattern, which is confirmed by the failure of the resistance pattern. In this case, we can consider higher targets in the ranges of 0.082 and 0.090 dollars.
Coinbase to delist Bitcoin Stellar XLM from Coinbase Walletpast short setup
Coinbase to delist Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP (XRP), and Stellar ( XLM ) from Coinbase Wallet!
My price targets:
XLM/USDT short
Entry Range: $0.085 - 0.090
Price Target 1: $0.079
Price Target 2: $0.0.071
Price Target 3: $0.069
Stop Loss: $0.111
XLMUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
growth from current price or through one more decline in zone 0.07 - 0.065$
I dont wanna miss trend that's why im already in pos and will buy more if we get one more decline.
Entry: market and lower (0.085 - 0.065)
Targets: 0.1 - 0.12 - 0.135 - 0.15
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
#Stellar Lumens Floats from $0.082, XLM under PressurePast Performance of Stellar Lumens
Stellar Lumens prices are steady at spot rates, moving tight inside a broader bear flag and technically bearish from a top-down preview. Even though there are flashes of strength, bulls must push above immediate resistance levels at $0.092 and later at $0.10 if XLM is to recover.
#Stellar Lumens Technical Analysis
XLM prices are inside a bear flag and bearish, trending in line with losses of early November 2022. Although the broader crypto market appears to be bouncing higher, XLM has support at around $0.082. While there are higher highs relative to the lower BB, prices are within a bear formation. Aggressive bears can unload on every attempt below $0.92 or November 9 high. However, any surge above this line will constitute a bull breakout formation, an opportunity for XLM buyers to load the dips, aiming for $0.10 or November 10 highs. Conversely, sharp losses below the immediate support may force XLM lower to $0.065 or Q3 2020 lows.
What to Expect from #XLM?
XLM is under significant pressure at spot rates, down over 90 percent from 2021 peaks. Accordingly, buyers must strive to push prices above the immediate liquidation levels and reverse November 9 losses for bulls to stand any chance of catalyzing demand.
Resistance level to watch out for: $0.092
Support level to watch out for: $0.082
Disclaimer: Opinions expressed are not investment advice. Do your research.
XLMUSDT Elliott Waves (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 0.095 - 0.102 - 0.105
after first target reached move ur stop in breakeven
Stop: ~0.083 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4.5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Stellar reacted well to its monthly support level!Stellar reacted well to its monthly support level over the past week. After the price of this currency hit the support level of the previous floor due to the formation of positive divergence in the daily time, the price of this currency increased in the 1-hour time. The trend is bullish on the 1-hour time frame but not yet on the 4-hour time frame, and we can see the range area on the chart. Several resistance support ranges are considered on the chart.
The closest resistance that the current price is below this level is in the range of $0.090, which, if this level is broken with buying pressure, the next targets for buyers are in the range of $0.097 to $0.100. In general, due to the price of this currency in the above time frames, it has been placed on important support levels, and the possibility of its trend being ranged for several weeks is high. Price growth can be accompanied by a negative reaction after reaching the resistance of the $0.10 range, and further support levels can be tested.