$XLM - CUP & HANDLE COMPLETE?XLM looks to have come close to completing a cup and handle.
Look for a breakout to claim support above 20¢
Tea-Time
Can you Handle it?
STELLAR
XLMUSD: Closing over the 1W MA200 can lead to 0.3200XLMUSD is on the third straight green 1W candle after the massive one that broke over the 1W MA200 for the first time in more than a year. However it closed the 1W candle under it, and so did last week's. Naturally, the uptrend needs a 1W candle to close over the 1W MA200 in order to confirm more upside.
The 1D timeframe is on healthy 1D technicals but 1W is overbought (RSI = 73.412, MACD = 0.010, ADX = 20.860) so failure to close above it, can deliver a pullback towards the 1D MA50 for one final buy entry.
Based on the price as well as the RSI pattern, the current trading sequence is comparable to the July-August 2020 1W MA200 tests. That gave the pullback but after it crossed over, the first target was the 0.618 Fibonacci level. That's now at 0.3200.
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Stellar (XLM) Rising to the NorthernTrend Bullish Signal
Stop at support
XLM’s price has hiked significantly over the last few years. Back in 2018-2019, it kept falling below its previous ATH of around $0.93 (recorded in early January 2018). It was only in 2021 that its price again rose, hitting a price level of over $0.7 around mid-May. However, as the cryptocurrency market collapsed in the second quarter of 2022, XLM went into a bearish dive.
At press time, XLM was changing hands at $0.088468, with a market cap of $2.1 billion.
Here’s when Stellar (XLM)price action will turn north
The price of Stellar Lumens (XLM) has dropped since the beginning of April and is in the process of creating its fourth consecutive bearish candlestick. Going by the general trend in the crypto-market right now, we should be prepared for more bearish movement from the token.
At press time, XLM was trading at $0.08848.
On April, Brazil’s central bank launched the pilot for its experimental central bank digital currency (CBDC). The test for Brazilian CBDC, Digital Real, is taking place on the Stellar blockchain network.
Soon thereafter, Pendulum announced the release of the Spacewalk bridge that connects the Polkadot infrastructure to Stellar’s blockchain so Polkadot can access fiat and stablecoin currencies. The Spacewalk bridge will allow Polkadot to access the entire infrastructure created by Stellar, especially that related to cross-border payments.
Stellar is today one of the best platforms for facilitating faster and easier international financial transactions. It is based on a decentralized on-chain protocol. Stellar users trade in Lumens (XLM) which is the platform’s native cryptocurrency.
Another important feature of Stellar is that individuals are more interested in Stellar than organizations, as it is a platform for small-amount payments. It is gaining popularity due to its simple user interface.
Stellar enables real-time transactions to occur anywhere in the world in as little as five seconds. A new smart contracts platform called Soroban has released its second preview. The upgrade intends to increase platform developer friendliness, scalability, and sensibility.
Last year, Ethereum transitioned from the proof-of-work (PoS) to proof-of-stake (PoS) consensus mechanism following the Merge. A major reason for this step was claimed to be the adoption of eco-friendly processes. In this regard, Stellar is very promising, as it has a smaller carbon footprint. Its authentication cycle is also fast, keeping energy use to a minimum.
Acting as a decentralized currency exchange, Stellar helps you track all of your assets with an order book. You can sell, buy and manage all of your assets here, with XLM acting as an intermediate currency for paying transaction fees. The currency is very useful for the users because it helps you reduce transaction costs.
Transactions on the Stellar platform are performed swiftly due to the ease of Lumens. The currency not only makes transactions seamless for the sender and the recipient but also ensures that transactions are secure.
Jed McCaleb, Co-founder, and CTO of Stellar said in an interview with CoinMarketCap that XLM is used in a fundamental way for the network.
XLM is listed on a number of crypto exchanges including Binance, eToro, Huobi Global, CoinTiger, FTX, and OKEx. This shows that the currency is an increasingly accepted choice of investors now.
A total of 100 billion XLMs were issued when the Stellar network was launched in 2015. In 2019, the group announced that it was burning over half of the cryptocurrency’s supply. Stellar mentions on its website that currently, there are around 50 billion XLMs in existence; 20 billion XLMs are in circulation and 30 billion XLMs are retained by the Stellar Development Foundation for project development. Nothing more will be created.
Where Stellar trumps other financial platforms is its low transaction fees, which have drawn a huge number of cryptocurrency users to it. It is one of the few blockchain networks that has been successful in collaborating with large tech corporations, such as Deloitte and IBM. Stellar, in partnership with IBM, launched a project that enables FinTech to engage in financial transactions using assets such as stablecoins.
It must be noted that Stellar is one of the large corporations that are operating in the cryptocurrency market. It is one of the most centralized cryptocurrency networks active on the internet. While the Stellar network uses decentralized nodes, it doesn’t have that many validators. Such an infrastructure gives the group a lot of control over the operations and price movement of XLM.
In 2016, Deloitte announced a partnership with Stellar, along with four other blockchain networks, to provide new technological capabilities to its global financial institution client base.
In June 2018, Fortune reported that New York financial regulators approved Stellar Lumens to trade on the Bit exchange, the first time the state’s authorities have given it the green light.
In October 2021, IBM partnered with Stellar to facilitate cross-border payments by banks. The system uses XLM as a bridge currency for transactions and it has been successful in the South Pacific region.
The same year, Moneygram announced a partnership with Stellar. Its integration with Stellar facilitates the conversion of the USDC stablecoin into cash and vice versa. The facility aims to encourage the liquidity of cryptocurrencies and the integration of traditional and cryptocurrency markets.
In October 2021, Flutterwave, a global payments technology company, also announced two new remittance corridors between Europe and Africa on the Stellar network. The step is a major step in Stellar’s expansion in the global market.
It also succeeded in receiving certification from the Islamic scholars of Bahrain in 2018, aiming to integrate the technology into the field of sharia-compliant financial products, reported Reuters.
“We have been looking to work with companies that facilitate remittances, including in the United Arab Emirates, Saudi Arabia, and Bahrain. It’s a huge market,” said Lisa Nestor, the then-director of partnerships at Stellar. Since the Middle East and South Asian regions are key areas of growth for the group, where a lot of countries are run on a sharia-compliant system, this is a major success for Stellar.
Developing economies are the focus of the Stellar network in the areas of remittances and loans. It primarily aims to target those who are still not part of the traditional banking system.
In June 2022, the global platform for modern money movement, Nium, and Stellar announced a partnership to enable payouts to 190 countries. “This integration truly drives home the value that blockchain-powered cross-border payment solutions bring to the current financial system,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “At SDF, we are always working to fill up the map and connect the network to more of the globe. Together with Nium, we are thrilled to expand the reach of the Stellar network so significantly.”
Another prominent feature of Stellar is that it gives power to the community to decide what project(s) the blockchain should focus on.
We will now briefly give an overview of the key performance indicators of XLM, such as price and market capitalization. We will then summarize what the world’s leading crypto-analysts have to say about the future of this currency, along with its Fear & Greed Index.
The market capitalization of the cryptocurrency follows its price trends throughout. In early January 2018, it was nearly $9 billion, and it skyrocketed to as high as $16.5 billion (May 2021) during the crypto-boom of 2021. In fact, it was performing fairly well in 2022 too, until the market crashed during the year’s second quarter.
Stellar has seen many growth spurts over the past few years, such as when Mercado Bitcoin announced its use of the platform. In less than a year, Stellar housed almost 3 million user accounts. Since that time, however, Stellar has built a network of partners that includes Flutterwave and MoneyGram.
The Stellar network is considered a rival to the Ripple network. While Ripple helps banks make fund transfers, Stellar helps individuals outside the banking system make fund transfers. Its simple, swift and economical process has made it very popular among users across several developed countries.
These developments are certain to boost Stellar’s credibility among the users and raise the price of Lumens. Besides, XLM is one of the most eco-friendly cryptocurrencies. Its consensus model is faster than both PoS and PoW, making it the preferred choice of many investors.
The unique features of Stellar such as strategic partnerships and convenience, make XLM one of the most reliable crypto investments. Its growth as a payments network will be the most important factor influencing the future of XLM.
Despite being embroiled in a legal dispute with the Securities and Exchange Commission (SEC), Stellar’s Lumens coin is a major cryptocurrency to wager on.
In June 2022, the system upgraded Protocol 19, building payment channels and key recovery channels. Stellar is also working on the Project Jump Cannon to facilitate a robust execution environment for smart contracts.
In 2022 itself, many crypto exchanges such as WhiteBIT, CoinMe, and Mercado Bitcoin enabled USD-backed stablecoin transactions, increasing the access to USDC on Stellar.
Coinbase Wallet announced in November 2022 that it will no longer support the XLM token, along with BCH, ETC, XRP, effective 5 December. Coinbase cited “low usage” as a reason for delisting the four coins.
The SDF has also established a $100 million fund to encourage developers to create applications for the Soroban smart contract platform. Soroban adds Turing-complete smart contracts to the Stellar blockchain, allowing developers to create new financial services rails on the network.
The Stellar Community Fund (SCF) has announced that 21 projects will receive funds as part of its 11th round. The required funding for the winning projects will be given to them in XLM tokens. The grants total more than 13 million XLM for the entire round.
South Korea’s leading cryptocurrency exchange, Upbit, announced the temporary suspension of deposits and withdrawals of the Stellar network’s native token, XLM, and other assets on the network. Upbit stated that the event was caused by the need for maintenance of the Stellar network and the wallets in it.
In March 2022, Stellar stated in its blog that it will launch Project Jump Cannon, an E&D venture to introduce native smart contracts for its blockchain. The same month, it also introduced the Starbridge project that would create bridges between Stellar and other blockchains, enabling interoperability.
Since December 2022, the Stellar network has been working with the United Nations High Commissioner for Refugees (UNHCR) to provide its blockchain payment solutions to those affected by the war in Ukraine.
In January 2023, Stellar (XLM) announced its decision to join the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC). It is important to note that the committee is composed of a diverse group of members with backgrounds in both traditional finance and cryptocurrency. As a result, Stellar’s (XLM) unique perspective on Layer 1 protocols may not carry the same weight as that of more established players in the space.
If Stellar continues to adopt more of such innovations and succeeds in building a larger community, it can prove to be a significant player in the crypto market.
The latest Fear & Greed Index projects a ‘fear’ market sentiment for XLM.
XLM Price Surge and Support LevelsXLM experienced a significant price increase in the past month, making it one of the top currencies in the market last week. The currency broke through the resistance level of $0.087 and then pulled back to that level before continuing its upward trend without breaking the short-term trend line. Positive news in the market caused the currency to surge with bullish spike candles. The price of Stellar rose by almost 100% and reached the resistance level of $0.19, resulting in a strong negative reaction. However, the price showed a positive response to the support level of $0.125 during a corrective wave. As long as this support level holds, we can anticipate further price growth towards the resistance area at $0.19.
Stellar XLM price entered the procurement zoneIf you believe in the bright future of the Stellar project and want to buy XLM, then we have good news for you.
The XLMUSDT price came to the liquidity zone of $0.65-0.85 in which it is justified to place "buy orders with a grid".
It seems that in general, the XLMUSD price is approaching the end of the falling trend
And purely theoretically, a good potential for growth will open
Here is 3 months ago, we painted and showed the trade history of Stellar for 8 years, who is interested, welcome:
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STELLAR LUMENS (XLM) new volume 💣🚀💣Hello 🐋
we expect to see more gain for the price in log term targets 🚀💣
before more gain, we can see correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
XLMUSD has started a parabolic rally to the former HighXLMUSD crossed last week over the 0.382 Fibonacci level and despited the subsequent pull back, it is again rising aggressively today.
The price action is very similar to the previous Cycle. When the price crossed above the 0.382 Fibonacci, it pulled back to the 0.236 and then started a parabolic rally that reached the 0.786 Fibonacci in 6 months.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.48000 (Fibonacci 0.786).
Tips:
1. The price just formed a Golden Cross (1d), which is on the previous Cycle was formed right at the start of the Parabolic Rally.
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#XLM/BTC 1D (Binance) Falling broadening wedge breakout & retestStellar Lumens is pulling back to demand zone where a bounce towards 200EMA would make sense, especially after a morning star.
⚡️⚡️ #XLM/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 12.6%
Current Price:
1) 0.00000317
Entry Targets:
1) 0.00000314
Take-Profit Targets:
1) 0.00000364
Stop Targets:
1) 0.00000289
Published By: @Zblaba
CRYPTOCAP:XLM #XLMBTC #Stellar #Lumens #P2P
Risk/Reward= 1:2
Expected Profit= +15.9%
Possible Loss= -8.0%
www.stellar.org
XRPUSD - LongWell this will be an interesting trade for sure - loads of Fundamental reasons, but... #crypto
I am long, I awaited a little break to the upside - which I see here.
I managed risk by the dollar amount I invested. No Stop at this level as I see insane movements could take me out.
No leverage was used.
I am actually new to stacking crypto assets - what a rabbit hole it is.
HODL - as they say.
AW XLM ANALYSIS - The End Of Corrections Suck People In...Welcome to this video where I analyze the waves and discuss the potential conclusion of a brief correction, indicating a possible end to the current bullish market trend. The alignment of waves suggests that the bullish alternative is unlikely. Although the timeline for the end of the bull run may vary, I anticipate it to be towards the end of next year. This weekend, I will thoroughly review and refine my analysis to strengthen my views and perspectives, emphasizing the crucial points of interest. Join me as we delve into this topic in depth.
Inv h&s on XLMUSD points to a .147 - .15 targetYou can see here on the 1 day chart xlmusd has formed an inverse head and shoulder pattern with it only just recently rounding out the 2nd shoulder and returning now back to the neckline. As always I must wait for a breakout confirmation above the neckline and some confirmation from volume before basing my buys off of this but I anticipate it will likely confirm in the not so distant future considering the recent move by coinbase to use stellar for USDC. I’m hoping to get a retracement too before a full breakout above the neckline in which case I will try to wisely piece meal buys on the dip. I have placed an arbitrary dotted measured move line where I think a potential breakout could occur in which case the target is somewhere aroun 14-15 cents. *not financial advice*
XLMUSD Above the 1W MA200 for the first time in more than 1 yearStellar (XLMUSD) hit and broke today above the 1W MA200 (orange trend-line) for the first time since the week of May 02 2022. That's more than 1 year of trading below a key long-term Resistance that is now broken. The 1W MA50 (blue trend-line) has supported this price action for the past 2 weeks.
The time XLM hit the 1W MA200 during the previous Cycle, it failed to close the week above it and had a medium-term pull-back to the safety of the 1W MA50 before it started the final part of the parabolic rally from October 2020 to May 2021. Notice that the 1W RSI then was on the exact same (overbought) level it is today.
As a result, if it fails to close above the 1W MA200, we will wait for a pull-back to buy, preferably as close to the 1W MA50 as possible. If it closes above the 1W MA200 though, we will buy on the market price. In either case, we will target the top (Higher Highs trend-line) of the multi-cycle Triangle pattern at 0.7000.
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XLMUSDTHello Crypto Lovers, This is a 1D frame analysis for XLMUSDT After hitting the second support line, the price had a slight dip but the buying pressure pushed the price back up above the support line. Since then, the price has been able to gain 38% progress. Currently, the price is facing the first resistance line and there is a possibility of a correction if it fails to break above it today. However, if it is able to break above the first resistance line, we expect it to progress towards the second resistance line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Stellar short Bounceed at 0.817 trend changeDaily short
MACD short
Trendomat short
RSI short
Rising stelalr changed its bullish trend. Currently short.
As well as the bullish potential is existing, the current phase is bearish. A break below .6 will send staller the the southern
Stellar, XLM could hit $0.069 in 2023
Stellar’s price prediction for the most bearish scenario will value XLM at $0.066 in 2023
Stellar’s previous All Time High was on 3rd January 2018 where XLM was priced at $0.87
Stellar’s price at the same time last week was $0.083. It has moved by -0.46% in the past week and is currently at $0.082. Infact, in the past 24 hours, XLM has pumped by 3.42%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and XLM could hit $0.11 in 2024.
The total circulating supply of Stellar as of writing this article was $26905815993.48 and the marketcap of XLM remains at $2,230,347,134.
From April 2022 to March 2023, the price has dropped significantly from $0.23 in April 2022 to the current price, which is $0.08. The lowest trading price for the token during this period was $0.07. The price also proved to be a good support level which is yet to be broken.
$0.09 established itself as a significant resistance level which was tested twice. For the most part, the token continued to trade between the range of $0.12 to $0.08. The current price of $0.08 has been a good support level as well, which was also tested in November-December 2022 and is presently being retested.
The Relative Strength Index (RSI) stayed below the neutral 50 line as the selling pressure in the market continued to increase. Also, the On-Balance Volume (OBV) continued to descend as the price made lower highs and lower lows. With the price dropping consistently, the overall market sentiment has been bearish.
On the daily chart, the dominant trend remained bullish from January 2023. However, the price started taking a dip in February 2023. The RSI went below the neutral 50 line, indicating that the bears have been trying to push harder in the daily time frame as well. Recently, the price has seen a minor hike as the bulls have been trying to increase the buying edge.
See also the bullish scenario...
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Xlm Getting Ready For Another 100 to 120% Bullish Wave seems Like Getting Ready For Another Bullish Wave Falling Wedge Breakout & Retest Has already Done Now Formed Inverted Heads & Shoulders Incase Of Breakout expecting Another 100 to 120% bullish Wave
XLM STELLAR SHORT SETUP 2hXLMUSDT (#STELLAR) seems is prepared for correction along with BTC. So, I think we can short it after a small recovery. DYOR. NFA. Lets see what happens.
Stellar 4Hr Chart XLMUSDPrice is above the middle line of a daily up channel
Possible move back down towards a dominant trend line and then continuation up from there
Bars pattern illustrating a guessed structure.
Stellar (XLM)We have seen from Stellar in the past that after a triangular pattern ended, an impulse uptrend wave started. Now, a similar pattern has ended, and it seems an impulse wave has started. Let's see if Stellar can reach high or not.
XLMUSD Buy the next pull back and target 0.11450Stellar / XLMUSD is having the strongest 1day candle since March 21st, which was the bullish break out candle half way of the uptrend leg that peaked at 0.1145 on April 1st.
That sequence pulled back first to the 1day MA50 before completing the end of March rally.
With the 1day RSI deep into the overbought zone, it is highly likely to see a repeat of this scenario.
Buy the next pull back and target 0.11450 (Resistance A).
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XLMUSDT (Stellar) time to buy long-termOn the daily chart, XLMUSDT still sits on the 61.8% Fibonacci retracement support. We can clearly see higher highs and higher lows pattern, indicating the validity of a long-term uptrend.
The price for buyers is looking attractive, especially after the most recent price drop.
Bullish on XLM after 0.08$ area is visitedNoticed there’re quite a lot of bullish ideas on XLM shared. I’m also bullish on the long run, but see no reversal signs yet: XLMBTC is weak, EFI and RSI aren’t showing any divergences. I believe more downside is coming and I will consider to step in at 0.08$ area for mid term exposure all the way up to 0.16$ of the upper boundary of the bullish megaphone. Thoughts?
XLM - Be Patient ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XLM has been stuck inside a big range in the shape of a flat rising broadening wedge and it is currently approaching the lower bound / red trendline.
Moreover, the zone 0.08 is a support zone .
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline.
As per my trading style:
As XLM approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Turnaround in Progress: #XLMUSDT Pullback Nears Completion💎#XLMUSDT successfully shattered the key resistance, signaling a significant shift in market dynamics. The subsequent breakout from the ascending channel propelled the price higher. A subsequent pullback found support precisely at the crucial 61.8% Fibonacci retracement level, underscoring its significance.
💎Notably, the emergence of a bullish divergence on the MACD indicator hints at a potential conclusion to the correction phase. However, to solidify the long-term uptrend continuation, the formation of a new higher high becomes a pivotal requirement.
💎Stay vigilant, closely monitoring the price action for confirmation of a sustained upward trajectory. Exciting times lie ahead for #XLM as it seeks to build upon its recent gains and potentially embark on a new bullish leg.
