XLM Continues Testing Resistance: Big Uptrend ExpectedHey traders 👋
As the chart shows 📈 :
- XLM is testing Resistance again and again 🦾 , this means that buyers are propense to buying even near resistance → signal of buying strength
- It's also forming interesting patterns (see attached idea)
In my opinion, the best time to buy is near the short-term support(which in long-term is nearly the resistance area), I am expecting big uptrend in the following days/weeks
STELLAR
Stellar (XLM) - August 3Hello?
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(XLMUSD 1W Chart)
If the price holds above the 0.16420803-0.23438790 range, it is expected that the uptrend will continue.
(1D chart)
If the price holds above the 0.23438790 point, it is expected to turn into an uptrend.
In order to continue the upward trend, it should rise above the 0.4293161-0.44798284 section.
If it declines from the 0.16420803 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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(XLMBTC 1W chart)
If it rises from the bottom box section, 428 Satoshi-746 Satoshi, and maintains the price above the 746 Satoshi point, it is expected to turn into an uptrend.
If the price is maintained above the 1103 Satoshi-1288 Satoshi section, it is expected to create a new wave.
(1D chart)
We'll have to see if we can get support by going up to the 731 Satoshi-817 Satoshi section.
If the price holds above the 817 Satoshi point, it is expected that it will turn into an uptrend and move higher.
If it falls from the 731 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
STELLAR - Shorts Looking LikelyStellar came down from a massive impulse in the last few months and we are currently in an expanding correction.
Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom.
SHORT IDEA:
Wait for ascending correction to break and enter with stops above 0.302.
Targeting: 0.2
LONG IDEA:
Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
STELLAR - Shorts Looking LikelyStellar came down from a massive impulse in the last few months and we are currently in an expanding correction.
Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom.
SHORT IDEA:
Wait for ascending correction to break and enter with stops above 0.302.
Targeting: 0.2
LONG IDEA:
Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
XLMBTC Two levels where it can start a rallyXLMBTC is testing a Support level (0.00000645) that is holding for the whole year (Jan 06 to be precise). As longas this holds, there are good chances for an aggressive rebound back to the Resistance (0.00001615) or even to the higher Fibonacci levels. If that 1st Support though breaks, I am expecting a test of the lower Support Zone (green), which upon contact should initiate a massive rally.
Where do you think XLMBTC will bounce?
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XLM double top + cup with handle (and flag) + MACD and SMAHey Traders,
XLM is looking bullish 🔥:
- Double Bottom
- Cup with Handle ☕️ (and a bullish flag)
- MACD crosses signal line 📡
- XLM beating 50day SMA resistance
I think it'll go to ~$0.35 📈
It also depends on how BTC is doing(see my attached idea)
ARIASWAVE MARKET UPDATE - USD\DOW JONES\BITCOIN\STELLAR XLMAs we head towards the end of the month, we can see the tide turning in the US Dollar.
This is important because the US Dollar is the driving factor when it comes to ALL MARKETS .
AriasWave joins the dots and brings you invaluable insights as to where these markets are heading.
As the US Dollar continues to decline in Wave E, it is very obvious that something BIG is brewing under the hood.
This is very apparent using the AriasWave methodology because of what the pattern suggests lies ahead over the next few years.
Markets will become increasingly volatile from this point on due to underlying economic factors that the world will be facing during this time.
I have linked some previous ideas below to help you get up to speed if you are new to AriasWave.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Now, XLM Is so cheap. Take the chance!
Dear traders:
XLM has the potential for extraordinary gains.
I think XLM will rocket to a staggering $6 by 2022. Therefore, Stellar Is good for investment.
Now XRP is 0.73 $ and XLM is 0.27 $, fight (face-to-face) is near!
Also, 9 -years analysis is shown in the chart.
XLMUSDT🌟we were standing by to confirm the BTC last pump and make sure its not a bubble in supply and demand version of the market and now we have it
🌟for this chart you can see the trend angle is lowering and that's a confirmation to changing bias
🌟the trend line of the descending channel is broken so its going to be another confirmation for changing bias
👉This idea has the confirmation of "advanced price action" 👍
👉For more information don't be shy and get in private chat of trading view 👍
👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍
Ascending Triangle Setup on XLM with 0.36 TargetTrend Analysis
The main view of this trade idea is on the 2-Hour. Stellar (XLM) appears to be in an ascending triangle setup as illustrated in the chart. After finding support around the 0.20 price level the cryptocurrency is now 38.6% higher at the time of publishing, facing resistance around 0.275 zone. As per chart pattern analytics, if XLM pattern were to be completed, the cryptocurrency will rally towards 0.36.
Technical Indicators
XLM’s bullish chart pattern is complemented by the cryptocurrency being above its short (25-SMA), medium (75-SMA) and fractal moving averages. Moreover, there has been a positive crossover on the KST. The RSI is trading above 50 which is a bullish sign.
Recommendation
The recommendation will be to go long at market. XLM’s target price is around the 0.36 price level and its indicative stop loss is around the 0.253 level, near the higher low. This produces a risk-reward ratio of 3.03.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in xlm.
XLM USD is ready to go higherXlm has found support around 20 cents and short term support above 25 cents
Xlm has seen a massive retracement from the recent high nearly 3x the current price, people were willing to pay 80 cents for it not to long ago so why should you be afraid to buy it at 25 cents? Some of you guys really need to pick a project you can get behind and stick with it instead of chasing these pumps! DCA into a coin you believe in! Don’t miss out chasing things and be caught saying that you knew that was a gem but you were to busy dicking around with sketchy projects to just buy back then what is a small fortune in the future!
Stellar is a very fast moving coin if you look at the history of price is tends to explode upward in a parabolic manner and slowly sell off before the next leg up. I think that next leg up is coming shortly. Stellar has smart contracts on a very fast network with much more decentralization than ripple.
I will be accumulating as much as possible below 50 cents especially around 20 cents. Don’t be surprised if you get caught waiting for a dip and it takes off. I think DCA is the way to go here because of the explosive nature of xlm’s price action.
Checkout my previous analysis on Xlm as well!