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Lumens

STR / XLM Stellar SHORT retracement then LONG! Hope you all got something useful out of my shorting call earlier this morning. Broken down bear pennant, 4 hour hammer, broken down 646 support, leaving the 15 min ichi, and dropping below the 200ema confirms the move. At least for now. Re-examining the charts, this might be the end of the 3rd leg on a corrective elliott wave from the previous jump. Or it could be the second. Hard to tell at this point. Overally gameplan remains unchanged from my original charts, but timing may be tricky. 1hr rsi now seems close to being primed for another jump up. Put some 'tentative' price targets that may be of interest on this potential drop. Could be shorter or could be longer. But I'm aiming at the 382 level retracement before the 5th leg up to re-test 84x resistance. As always, be vigilant, set stop losses, and pay extra attention as the whale bots can move quick! Happy trading!
SLong
by ninjacookies
22
Stellar drop before bounceStellar could be forming a new falling wedge inside a larger long term pennant. Expecting a further drop before bouncing off support. Opened a short position at 670 after price stalled and revealed the wedge's resistance, posted earlier today here: Target price around 550-570. Breakdown of this Fib confluence could bring price to the low 500s until support is found at the lower bound of the larger pennant. Longer term bullish, expecting over 1000 sats eventually.
SShort
by Yrat
10
XLM / STR Headed for 1k territory (long)Chart shows a strong bounce off the 4 hour trendline (and subsequent large channel elliott wave) and a pattern reversal in what I think is another elliott wave back up to the ~1k-1100 area. Great time to enter long if you can get in around the 5xx area. Suspect it will continue to get a lot of volume this week as the price of BTC fluctuates. Has remained strong even during the BTC rise unlike it's counterpart XRP, which is promising. Of course a BTC dump will probably only strengthen it's rise as more money pours into alts.
SLong
by ninjacookies
7
Just let it accumulate!!Such a piece of news and a price spike of course needs its accumulation period. We're right in its middle, where prices are bouncing up and down in the 520-580 sats zone. I confess I'm holding a nice chunk of this bad boy, so I'm a little biased over it, but I definitely think this is one of the few coins with a future around here and my investing/trading style is more oriented towards solid profits in a longer time then betting for the next +100% shitcoin. I definitely think this may be a good entry point, and to play it safe, before pulling the trigger, you should look for: - Wedge breakout - Trading range breakout - More volume - RSI back to the bullish zone (>50) First targets are 700, 800 and 900 satoshis.
Long
by lukescream
4
Stellar Lumens ~600% profitSTR/BTC / XLM/BTC is ready to go for roughly 600% profit from here. it made a higher low from its most recent lowest low post-China news. additionally, it's a fork of Ripple ( XRP/BTC ); Ripple is about to have an absolutely HUGE conference in 2 weeks with big names speaking there (see my most recent chart for more info). because of this, the long-term chart follows Ripple. however, I think Lumens is significantly more undervalued. I own a lot of this and will be selling around the 2nd labeled target price of ~1764 satoshi. this would also bring it to the same marketcap ranking of its maximum hype level around May-June. trade at your own risk.
SLong
by team_USA
26
A Stellar Opportunity AheadStellar has been closely trending along Ripple due to their similarity in design and objective and is now following the general crypto market in this corrective move after the recent announcement by the Chinese government. It has been declining since May after a dramatic spike saw it rise almost 30x against Bitcoin in just a couple of months. From an Elliott Wave perspective, lumens are nearing a bottom as an ending diagonal of wave C. While it's not easy to determine an accurate bottoming price range and time span, the current pattern indicates that we should be nearing a long term low in the next few weeks and could get very close to the March low. A strong reversal should ensue after that. This will present crypto-enthusiasts and others alike with a great buying opportunity that will see Stellar literally propel itself to the moon.
by Eboard10
Possible long strategy for XLMXLM is in the sideways trend, and is approaching oversold on Stoch RSI. ADX shows there are more sellers than buyers driving the price down, but the trend is clearly weakened. It is also approaching the downtrend resistance line, and will soon have to decide where to go. While it has been trending down overall for the past 4 months, there is some room for growth to the resistance zone of 500 satoshi (the blue resistance line) before it continues its downtrend to 300 satoshis, possibly finishing a 100% retraceent from its June high. Right now it is hovering over 400 which can mean a 20% ROI if it breaks through the downtrend resistance line and goes up to 500. If you purchase at 400, set stop loss at 430-450 when it reaches 500. Alternatively, you can wait for a stronger trend when/if it breaks the 500 satoshi resistance on high volume and set stop loss at around 470-480. Judging by the technical analysis, unless BTC acts up again, it is likely to head up. Thoughts? XLM is really a mystery considering it is a decent coin. Investors haven't been kind to it.
Long
by HumbleDumbell