JackieHuynh

XLM-USD is it on the path to the moon ?

Long
JackieHuynh Updated   
stellar has just broken out of its last long-term downtrend.
Time for moonshot?
check out my old post of XLM. This is just a continuous post


Note: after the current rally, im expecting a pullback to 0.33$ again before continuing going on higher

This post is for discussion purpose only

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similarity with the one in april
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xlm is the coin of LOVE. XRP is the shit of HATE

im 100% sure that we will see price of 1 xlm to be over than 1 xrp . The flip is happening
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my biggest regret is to split my $ to ETH and BCH instead of playing XLM exclusively :). Such a great coin during pump rally
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correction time. Now need to observe if support holds or not
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the broken out downtrend line is being tested (pink line)
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attention is NEEDED at the support pink line. If it HOLDs, XLM will make CRAZY up move like the one in April. I will expect at least 20-30% gain
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this is the one in april. a 48% gain :)
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bearish div on 1 day chart for XLM-USD and we have dropped back inside the long-term downtrend line. Bad Signs.
a buy should only be trigger when we get passed the long-term downtrend line again
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btc has recovered . So i hope XLM will follow it. The only thing is bugging me is the bear div on daily . If XLM can break the long-term downtrend again and hold, i will consider the bear div is invalid. For now, still need to be cautious with XLM
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look at the bear div in april and this july to compare . Both have bear div .
The only difference right now is that this july has lower MACD's value which tells us that Bull still has steam to go higher . This will only happen IF the MACD lines move like what I draw in the image :). Considering bitcoin has recovered strongly , the chance for xlm's bull to continue on is pretty high.
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with the positive news on bitcoin , i will say that we will go higher again.

we bounce back at long-term downtrend which acts as support now. So the bear div is just a bear trap.
For better confirmation, we need to wait for a break of previous high.
if you buy now, just set stop loss below the long term downtrend
Trade closed manually:
the uptrend might be over already. We can't break the long-term downtrend line. Time to wait for its next cycle which might be around end of august
Trade closed manually:
forgot to close this post :). Not a good time to stay in any alts with btc's dump
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