RE-UPDATED - XLM for LONG - As I see the trendlines.I know this seems like a lot of trend lines at first, but I still think it makes sense to draw so many trend channels.
Divided by colors, purple is the steepest, which was quite well followed by the chart last week.
Yellow is a lower angle, longer-term trend, green is an even longer one, and red is a fairly comprehensive trend line that can even be seen as framing the entire exchange rate in the event of a serious exchange rate shift.
I think that the intersections of these short-medium-long-term trend lines can be considered quite good support / resistance points for more volatile fluctuations. (for example, a candle on February 15 at 00:00 has also been fallen only till that pont)
Obviously, I could complicate the analysis for example with different indicators, but in this case, I’m testing exactly what I can get if I rely only on the most basic technical elements.
What do you think?
STELLAR
Stellar XLM - hold or REBUY! Cypher Pattern on the way?I think XLM is on the way to reach the next high. If it falls to 0.455 in case of a short consolidation, its completing a cypher pattern on 1H chart, which gives us a new opportunity for some rebuy in my opinion. We'll see.
All feedbacks are appreciated.
6x gains possible soon!The way I count it and see the patterns, we may be in an extended wave 3 of 3, which is one of the most bullish in the cycle typically.
Pretty sure we just finished wave 2 with a running flat correction, so we should see the price start to move up from here.
This count holds up as long as we stay above $0.35
If we for some reason dip again, I will certainly be buying.
Not financial advice.
XLM - Target $13 - Some Nice Gains Ahead For Stellar LumensThis analysis is based on the latest wave analysis done on Bitcoin and Litecoin.
The identification of the expanded correction on these Crypto's has shed some light on what is on the horizon.
If this analysis is correct we are looking at a 2,500% gain on XLM.
I will be tracking this move closely as I believe we are on the verge of major move up across the board for most Crypto's.
If you want to check out all the latest AriasWave analysis, see related ideas below.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
CELO XLM CORRELATIONHrm. Looking more in-depth at recent data we contemplate the possible of a delayed alt spike correlated with CELO's defiance of broader market momentum in the past few days.
As always, we are preparing ourselves for possibilities.
$XLM HORIZONTAL AND CHANNEL FIBxlm is just getting warmed up and ready to take out the 2018 high of .87
after that there are plenty of low hanging targets to take out
there is no telling how high or how long stellar (xlm) will go
not financial advice
just leaving this chart here to see how many of my price targets get filled
Elliott Wave Analysis: XLMUSD Can Be Finishing 5th WaveHello Crypto traders!
Today we will talk about cryptocurrency Stellar(XLMUSD), its price action from technical point of view and wave structure from Elliott Wave perspective.
Well, Crypto market is in a massive rally since March 2020 lows, but we can see it nearing some interesting target levels, as we see it also approaching important period.
One of them can be XLMUSD in which we are tracking the final wave 5, mainly because it's coming up out of wave 4 triangle, which actually suggest the final leg 5 before we may see bigger and deeper corrective decline.
Wave 5 can be either a five-wave impulse or ending diagonal formation, so there's room for a slightly higher levels towards 0.70 - 0.80 target area, where XLM may potentially find a temporay top.
What we want to say is to be careful at this stage, especially now when BTC is already at the new all-time highs and also within 5th wave, either ouf of wave 4 triangle or maybe as part of the wedge pattern.
Be humble and trade smart!
STELLAR LUMEN : READY FOR NEW BULLISH FIBO IMPULSE - TRIGGER 🔔Welcome back Traders, Investors, and Community!
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STELLAR to bound off previous price, then up like a STAR PLEASE NOTE.... My new graphics are STELLAR, NO?! I made the price points so simple to follow a crypto chimp on an Elon Musk mind control machine could pull this trade off. Get out your mental joystick and place your positions. Stoch RSI and MACD indicate it's still trending downard... so don't place your bet yet.
IMPORTANT, wait for confirmation off the previous price level. Don't take a position until you see a clear move upward off previous low and into "the buy zone" which is kind of like the Bermuda Triangle.... it takes your ship and takes it to the bottom of the ocean. BTW, if you get to price level "alligator tears"... get out the towel, it's crying time.
How many traders does it take to screw in a lightbulb? Sorry... traders can't screw... they just GET screwed...