Xlmusdt
ascending wedge on 1H timeframe for XLMUSD chartHi Everyone! Short term trade detected. Despite on global bullish picture on senior timeframe for xlmusd , i think price can test dynamic descending trendline which was broken out couple weeks ago (yellow on the chart) or global ascending trendline (red) if bears will be more aggressive. We see on 1H timeframe ascending wedge pattern which signals about local bearish sentiment. But it can be also another bear trap and a lot depends on the movement of the bitcoin price, so don't forget about risk management.
For longterm i'm very bullish about xlm .
Entry: after breaking out support line. TP 1: 0,3150. TP 2: 0,2970.
XLM OBSERVATIONStellar price is testing the green ascending trend line that acted as backbone for the uptrend since the beginning of October.
XLM price looks to be making a false breakout, a bear trap, that could see large buy-side volume resulting in a bullish recovery and breakout.
Expect a quick break above $0.41 towards $0.46.
XLM breakoutStellar broke up this triangle 📐 and I think there is chance for run to 0.943 and even higher. Just bought this local range breakout. XLM let's go!🚀
ENTRY : local high @ 0.370
SL : local low @ 0.319
TARGETS : 0.519, 0.610, 0.943
RRR : 2.9 TP1, 4.7 TP2, 11.3 TP3
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XLM Daily Price ChartThe daily chart shows the XLM price is above the 50 DMA at $0.34 and the 100 at $0.33. However, Stellar is glued to the longer-term 200-day average at $0.36. Furthermore, the Relative Strength Index (RSI) is rolling over which suggests bearish momentum is growing. Taking that into consideration, it’s likely that XLM will lose the support of the 200 DMA and slide to the concise averages below. As long as the price holds above the 100-day it’s in with a chance of recovery. However, below $0.327 a trip to $0.255 looks probable. On the other hand, a bullish scenario emerges if the price clears the September high at $0.439. In that event, a run to $0.500 is likely. For now, it’s unclear which scenario will play out. On that basis, I maintain a neutral stance until the technicals provide a clear sign.
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Stellar Lumens vs Tether Chart Analysis (XLMUSDT #10)Here we go again and now you will understand why I didn't chart USDT pairs in the past.
XLMUSDT (Stellar Lumens) has the same chart as LINKUSDT and TRXUSDT, these two were just published in my profile minutes ago.
In fact, the XLMUSDT is also the same chart as OMGUSDT the only difference is that OMGUSDT is more advanced, moving ahead.
Since the entire market is linked/connected, the rest are very, very likely to follow and thus we are bullish on all these coins.
To proof my point (last time I promise):
We have the strong drop 7-Sept.
Notice the correction from May to July and the bullish wave that followed.
Right now prices are above MA200 (black line on the chart), just a little more consolidation and it can go into bullish continuation.
If prices break below the colored lines (EMAs), the bearish gain some strength but the bulls are still in control since we are trading within higher lows.
If the last low breaks, we can say the bears are back on top.
Any other trading, retraces/corrections/price swings, aren't really important in the long run.
My view is that we will grow for years.
The Altcoins will be growing for years... If you go further back, you can see what I mean by higher lows:
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XLM gearing up for interstellar travelStellar Lumens may be gearing up for an epic adventure.
Forming a text book cup and handle pattern on the weekly chart.
If it can break .43c it appears to be clear sailing back to .79c and possibly it's ATH at .93c
A move equal to the distance from the bottom of the cup to the top would be the expected break out target. A modest price target of $23.
From it's current price that's a 5444% gain!
As long as it can stay along the current uptrend the handle should be completed.
✅XLM💥+1000%Stellar is a blockchain project founded in 2014 by Ripple co-founder Jed McCaleb and venture capital investor Joyce Kim. At the beginning, Stellar shared a lot of its code with the XRP ledger, but the project has since taken on unique characteristics of its own. However, the XRP and Stellar blockchains are still often compared since they both offer fast and cheap transactions and share some common history. You can read more on this topic in our in-depth article on Stellar (XLM).
Key features of the Stellar blockchain:
Created in 2014
Provides fast and cheap transactions
XLM can be used as a bridge currency for international payments
Users can create custom tokens on the Stellar blockchain
The native asset of the Stellar blockchain is called lumens, and is commonly described with the ticker XLM. While XLM can be used for peer-to-peer transactions just like any other cryptocurrency, it also performs a role in the Stellar blockchain as a defense mechanism against spam transactions – a small fee of XLM is necessary to complete each transaction.
XLM is also designed to be used as a bridge currency to facilitate cross-border transfers between different currencies. For example, Alice can send EUR to Bob, and Bob receives USD on the other end of the transaction. Due to the network’s speed, fluctuations in the XLM price have a very limited impact on the transaction.
However, XLM is not the only asset that can be transferred through the Stellar blockchain – users can create custom tokens that can be transacted quickly and efficiently. For this reason, some ICOs and STOs have selected Stellar as their platform of choice.
The Stellar protocol also has a built-in decentralized exchange functionality where users can create buy and sell orders through the protocol itself – this feature can be accessed through interfaces such as StellarX.
One of the key players in the Stellar ecosystem is the Stellar Development Foundation (SDF), which funds the development of the open-source Stellar protocol and maintains the Stellar codebase.
The foundation is a non-profit organization which also supports the Stellar ecosystem by promoting the usage of the Stellar protocol through airdrops, grants and other mechanisms. The SDF has also launched a community fund which allows members of the Stellar community to have a say in which projects working on Stellar receive funding from the foundation.
XLMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
The price is fluctuating inside the uptrend channel. Currently, the price has hit the bottom of the channel and is supported.
We expect it to reach the channel roof over time if it does not penetrate below the support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
XLMUSDT - Time to take entry?BYBIT:XLMUSDT
4H trend chart
XLM was consolidating as a triangle, and just broke it out.
Now it retests the downtremnd line while all market is falling.
If price can still get support from the trend line or keep at Fib(0.618) around 0.38445 till the closure of 4H candle .
It's a good time to take entry.
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Profit Targets:
a) 0.42435----Fib(1)
b) 0.45275~0.46425---Fib(1.272~1.382)
c) 0.47660-----Fib(1.5)
Stop losses:
a) 0.36605-----(Red horizontal ray)
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XLM/USDT 4HOUR UPDATE Welcome to this quick XLM/USDT technical analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- XLM/USDT trending on a strong support level .
Entry:- CMP and more upside the white support level.
Target:- 10% to 15%
Stop loss:- 0.3622
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
💡Don't miss the great buy opportunity in XLMUSD @StellarOrgTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3678).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XLMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 0.3808
TP2= @ 0.3938
TP3= @ 0.4211
TP4= @ 0.4500
TP5= @ 0.4710
SL= Break below S2
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