Stellar Lumens XLM formed a Gartley for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of XLM with US Dollar pair.
Previously I shared a long-term trade setup for XLM, which is still in play:
Now On a 4-hr time frame, XLM has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XLM
Stellar- A very nice bullish structure (30% rise potential)Like all the crypto market, XLM also reversed at the beginning of the year.
Recently, XLMUSD managed to also break above 0.1 and, after the recent high, is in a normal correction.
This correction could represent a good opportunity for bulls, with a buy around 0.1 support having a 30% rising potential
A break under 0.1 negates this bullish scenario
XLM gotta become bullish soon.XLM is in an ascending triangle pattern.the pattern has not been broken yet but when it happens,the price will be flying! The price is gonna increase as much as the measured price movement (AB=CD) and that would be 36% of pure profit!
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
XLM IDEA, POSSIBLE 25% GAINSXLM has broken back above old support. History shows us that every time it has reached the above resistance. If it was to retrace and show that it held support, then I would take the long to the above resistance. I will update if the opportunity arises so make sure to follow!
XLM: Bullish FlagStellar (XLM) technical analysis:
Trade setup : After getting rejected 2x at $0.10 resistance, price had finally broken above it, sharply rising with big volumes, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend. Now it’s consolidating, likely briefly, in a Bullish Flag pattern, which typically resolves in the direction of existing Uptrend.
Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
XLM: Resistance BreakoutStellar (XLM) technical analysis:
Trade setup : After getting rejected 2x at $0.10 resistance, price has finally broken above it, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend with upside potential to $0.13.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
Bitcoin Trading in Range so what next?Bitcoin trading at $28,000 level. Technical analysis suggests that the market is waiting for a breakout, which could happen this week.
In terms of support and resistance levels, the downside support is at $26,650 while the upside resistance is at $28,900. Traders should be prepared for increased volatility in the BTC/USDT market over the next seven days.
If there is an upside breakout and the price surpasses the resistance level at $28,900, we may see the price reach $35,000. However, if the price drops, the next major support level is at $26,650. If this level is broken, the price could fall to $24,000.
Risk management is crucial in every trade, so it's important to have a plan in place before entering the market. Traders should always use proper risk management techniques, such as stop-loss orders, to limit their potential losses. By doing so, they can ensure that their trading strategies are sustainable over the long term.
Overall, the BTC/USDT market is expected to be volatile in the coming days, and traders should remain vigilant and cautious in their approach to trading.
Buy Opportunity in XLM/BTCLooking at the Bitcoin quoted chart on the left side, we have a bullish divergence on volume, as per the Stochastic Momentum Index (SMI) of Money Flow Index (MFI) indicator.
On the chart quoted in Dollars, a divergence was signaled beforehand in the ROC (Rate of Change), allowing an entry at the breakout of the 0.91 value.
XLM - Good Time to BAG RROFITS 💰Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Taking a quick look at Stellar / XLMUSDT which already increased nearly 60%. This is an altcoin that's been on my watchlist since early this year, and I believe a pullback seems logical from this point.
The technical indicators RSI is showing overbought in the weekly. The Momentum in lower timeframes shows that sellers are taking control and the LSMA has fallen under 50.
This point to a possible short term correction, which is only natural after a bullish 60% upward move.
While you're here 👀 Check out LINKUSDT :
My early accumulation plan for XLM :
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✴️ Stellar Enters Bullish Cycle | 5-Steps PatternStellar (XLMUSDT) is moving ahead of the pack and just hit a 5 months high.
Let's see what this chart has to say.
First, let's focus on the 5-Step Pattern we've been looking at today.
This pattern consists of #1, the Dec. 2022 low.
#2 | January's 2023 bullish breakout.
#3 | The correction that ended mid-March (10-March).
#4 | The resumption of the bullish trend and #5 the new high, in this case we are aiming at $0.18 based on the Fib. extension numbers.
This is the same pattern we saw with Cardano, ChainLink, Terra, etc.
Now, let's review some of the classic signals.
- Really high buy volume in the past few days. The highest buying pressure since 2021.
- Very strong indicators. RSI and MACD... The rest is history.
What one does, the rest follows!
Expect for the rest of the market to grow as well.
You can find XLMBTC in the "Related Ideas" below.
Thank you for reading and for your continued support.
Namaste.
XLMUSD finally validating the inv h&sStellar’s XLM looks like its finally gonna trigger the inv h&s pattern it had previously done a fakeout or 2 above the neckline of. We can see before on its first trip above the neckline the original right shoulder was extremely small…it then went back under the neckline and has since created a much more robust right shoulder before now finally breaking back above the neckline with the type of authority that gives me confidence that it will reach the measured move target this time. In doing so it should also take price action above this descending trendline its currently testing the resistance of which if it can do so and then flip that trendline to solid support should also trigger a breakout from a triangle pattern its been in for quite sometime that can then eventually lead to much higher breakout targets than just this inverse head and shoulder target allows for. *not financial advice*
XLM/USDT - Stellar: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $XLM / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.0993 | 0.1067 | 0.1211, and the major support zones can be found at 0.0849 | 0.0779 | 0.0635. Consider entering a trade at the current price zone of 0.0951 and targeting higher levels.
◰◲ General info :
▣ Name: Stellar
▣ Rank: 28
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Payments - Currencies
▣ Overview: Stellar is an open-source payments network that serves as a distributed intermediary blockchain for global financial systems and circulates a native asset, Stellar Lumens (XLM). The Stellar blockchain allows anyone to issue new assets in the network and exchange for other assets via built-in asset exchange features. Assets on Stellar are issued and redeemed by anchors, who are trusted entities that issue digital credits on the Stellar network in exchange for deposits of the asset with the trusted entity. Anchors enable real world assets to be exchanged on Stellar by leveraging a distributed exchange that maintains an order book for every asset pair. Stellar supports the issuance of any type of asset including stocks, currencies, cryptoassets and more.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0951 ₮
▣ 24HVol: 9,909,925.430 ₮
▣ 24H Chng: 0.955%
▣ 7-Days Chng: -2.29%
▣ 1-Month Chng: 6.01%
▣ 3-Months Chng: 31.73%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0993 | 0.1067 | 0.1211
◢ Support: 0.0849 | 0.0779 | 0.0635
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.97
▣ Last 90D: 1.76
▣ Last 1-Y: -0.78
▣ Last 3-Y: 0.74
◲◰ Volatility :
▣ Last 30D: 0.64
▣ Last 90D: 0.54
▣ Last 1-Y: 0.73
▣ Last 3-Y: 1.13
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.62 - Bullish
▣ Reddit sentiment score is 0.47 - Bearish
▣ In-depth XLMUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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XLM|USD on Daily BreakoutI've been watching this one for days waiting for a breakout and boy did it breakout. My take profit area is at $0.11. What a great set up, the view from the RSI, MACD and price action is just beautiful! I'm placing an order to buy more at $0.89 encase we wick back real quick and a stop at $0.85.
Happy Trading!