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XLM Continuation of movement within the triangle and test $0.5After a strong wave of decline that continued in the XLM market from February 14 to 23, buyers were able to feel confident in themselves. The main prerequisite for this confidence is a liquid price zone of $0.31-0.33. This range first stopped a powerful wave of XLM price growth back in January 2021. Now it serves as a support for buyers and a critical point of the real growth trend: As we can see on the chart, after February 23, buyers are confidently fixing above the range of $0.31-0.33, forming a triangle. In addition, we see that within this range is a black trend line, which keeps the price of XLM from a fatal fall to $0.2. Since the XLM market is currently within the triangle, there is a high probability of the start of a new local wave of decline. If buyers manage to keep the range of $0.31-0.33 , we will expect a new price shot towards $0.5. __________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
19
XLM - 6h. Buyers should rest and keep $0.38-0.4In just two months from the beginning of 2021, a quality rally took place on the XLM market. The price of XLMUSDT has grown by more than 350%. During this time, buyers managed to update a high of 2 times. Good dynamics, but is there enough potential for buyers to maintain this pace? If you analyze the first wave of Stellar price growth, you can see a sharp momentum , which is supported by large volumes: The second wave of growth in the XLM market, which began on January 28, lasted longer. Buyers found it difficult to raise the price and it is noticeable by candlelight. In addition, this wave renewed the previous high, but there was an impression of weakness of buyers. This impression intensified after the buyers were unable to update the previous high during the 3rd wave. Trading volumes during the 3rd attempt to increase the price of XLMUSD were lower. Thus, a long-term triangle -like correction could begin on the XLM market. In the 6-hour timeframe, the first critical point is at $0.38-0.4. Approximately in this range, buyers gained a position for further growth during the month. If buyers fail to keep this range for XLM investors, a critical point will come. The last chance to continue the trend is in the global range of $0.31-0.33 . The loss of this range will quickly send the price to $0.2 To continue to grow the XLM market, buyers need to hold above $0.5 . Therefore, we will expect another test of the strength of buyers to decide where to buy XLM. P.S. Our previous XLM idea ___________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
43
XLM - Near term potential mega DUMP - STOP SWEEPER option - CAREZOOMED IN FROM LAST IDEA attached \ ****WARNING S*&T YOUR PANTS POTENTIAL**** 70%+ flash dump??? wtf Whether this plays out or not there is an important lesson here. Just when the mob of lil krill (thats you)(and me) start all having their sweet longs up and in sweet profit, on an OBVIOUSLY positive macro leg up area,,, the rugs are delivered from below as the whales rise up and eat everyone's positions (and their low funding shorts absolutely print easy millions, and their spot bags are full). Its all over so fast you can't really react very well to it. Then the big bull leg up kicks in. At differing speeds everyone who was forced out by stops fomos back in. Its happened before mannny times. One of them you can see right here in this idea plain as day. You can try and do two things: 1. Just hodl. 'easiest option'. but you have to really feel the pain as you baghold that 40% soul crushing dump (and you found out about it and got to your computer like halfway down it so your confused what to do). 2. put a pretty darn tight-ish stop, like say 8-12%, and HOPE to get stopped out early. ready to start rebuying all your positions as the dump evolves down. or rebuying right away if the market does a hard bounce up and this whole idea is invalidated. NOTEs *putting a 20% stop say puts you in a difficult position, think about it. *putting a super tight stop (<8% ish ) is just dumb as you'll get chopped out. *market does a say 12%-15% (quite 'common' these recent days) chop and bounces hard up invalidating this idea, then you just lost a bunch of tokens and value to your port. so there are obvious risks to try and catch an opportunity like this. WILL this one playout on XLM again? Is this fractal even in the right place? if it is will it happen again or deviate before? was that just a random glitch in the matrix for that period and wont happen this time? Also IF this does playout similarly here, will it only happen to XLM?? (prob would be ALT wide) Was this old one exacerbated by lower volume etc back then, was it supposed to stop at the obvious ascending triangle area edge (that ive marked in the chart)? SO many variables. I THINK this kinda move makes sense as everyone's longs go up. It IS a great time to pull this shit. Hence I am going to work around the possibility of this happening. Stops up on all my spot as per option 2 above SOON. ***I am just putting these ideas down somewhere. its obviously not financial advice. Your hopefully a grown up who can make their own financial decisions. DO WHATEVER THE F*&K YOU WANNA DO then MAN UP IF IT DOESN'T WORK :) glhf
KRAKEN:XLMUSDLong
by Crypto-Quantum-Fox
9
Stellar Lumens Consolidating If you've taken a look at the markets lately, then you've probably noticed that Stellar Lumens is looking extremely bullish as of late. For those that are unaware, we're going to break down exactly why people are so bullish on Stellar Lumens lately, and it has nothing to do with their asset's price relationship with XRP (which has also been going nuts as of late). Let's take a look at the charts and see what else we can find out from Stellar Lumens prior price action. Stellar Lumens Price Analysis From the chart above, we can see that Stellar Lumens made a concerted effort to push beyond the overhead horizontal resistance sitting at 52 cents (and for some period of time it was successful in doing so) However, if we zoom in a bit closer on the daily resolution, it does not appear that Stellar Lumens was able to hold its advantage beyond this point: From the chart above, we can see that Stellar Lumens made a concerted effort to push beyond the overhead horizontal resistance sitting at 52 cents (and for some period of time it was successful in doing so) However, if we zoom in a bit closer on the daily resolution, it does not appear that Stellar Lumens was able to hold its advantage beyond this point: As we can see from the chart above, Stellar Lumens has been trading around this zone for quite some time with no apparent success breaking above the primary overhead resistance at 52 cents. Other notable points can be found at the following: 1. 43 cents 2. 37 cents 3. 30 cents Each one of those points are a fair amount of distance from where the price is currently. Let's take a look at the distance between the current price and the underlying support. Librehash Reversion Ribbon V2 In the chart above, we can observe the following: 1. Dowturn in the direction of the ribbon, overall (bearish) 2. Consolidation of the ribbon, which means that the two ends of the ribbon are converging together (bearish) 3. The Histogram confirming what we mentioned in #2 (bearish) 4. The candles are dark green but with a red outline (which indicates the bearish underlying trend that continues to crop up) Balance of Power RSI The Balance of Power RSI is actually ambivalent in this situation (it was expected that there would be some clear bearish divergence here). Let's take a look below. Below a pseudo line of best fit is drawn: Conclusion Stellar Lumens appears to be farly neutral at this point in time. There's nothing to suggest that its going to bust above the resistance directly overhead, but in time this is definitely a latent possibility.
by librehash
2
STELLA'S HOT GIRL SPRING: ACCUMULATION + BULLISH SIGNALSI haven't really been on speaking terms with Stella after I bought in then stopped out right before the epic pump some months ago... You can see my previous analysis in the link below... I got impatient (and a little thirsty for some other hot girl coins...) which is a great way to lose money in this market. Clearly I'm still a bit bitter she left me in the dust... I just hate when I don't follow my own advice XD Anyway... I decided to check in on my old girl Stella; after her crazy rebound, she decided to calm down and take some time for herself... but it seems like a lot of other guys have been checking her out over the last month of consolidation, and maybe just maybe she's ready to put herself out there again... okay okay enough silly metaphors Looks to me like there's been some accumulation, probably preceding the next move higher, which may happen soon. Bullish divergence on 4HR Stoch RSI is playing out + a bullish MACD cross on 4HR + favorable market conditions, given Altcoin dominance is on the rise & large caps are FINALLY moving again... this can only equal one thing: Stella's getting back in shape for a hot girl spring ;) STEEELLLLLLLAAAAAAAA!!!! happy trades, CD
Long
by cryptodonovan
XLM: the big breakout is finally on! (+48%!) XLM finally broke out after months of consolidation... Stellar is a very special coin and has very special behavior in price action with long and boring accumulation periods and then massive breakouts of 40 to 50% in the matter of days or weeks! FUNDAMENTAL / LONG TERM As you can see I am very bullish on Stellar fundamentally hence its in my username, this is because I believe Stellar with play a crucial role in the future of bank backed stable coins. This same reason is why Stellar underperformed compared to all these hype projects popping up left and right; I believe XLM could gain more spots in the market cap rank in the long run. XLM will explode in fall / start of winter this year; when we will see more and more "official bank backed" stable coins and the implementation of the new SWIFT standard, same accounts for LINK. People say these are all rumors etc; but I do not believe so. The new world finance settlement system of SWIFT ISO20022 will be a game changer for crypto esp LINK, STELLAR and ETH - but dyor. XLM BREAKOUT As you can see we just came out of our consolidation period and we are about to break the ATH. Normally you would start to be cautious and it would feel like chasing a pump / fomo. For Stellar this is not the case, given its super long accumilation periods and XLM needs to break ATH for a proper breakout. I expect this to happen today and a minimum 45% pump is coming against the USD and 30-35% against BTC. Happy days for Stellar and for me long term hodler! :) IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Long
by cryptobullethbtcxlm
4