SamHuynh
Long

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

POLONIEX:STRUSDT   Stellar / Tether USD
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

Comment: similarity with the one in april
Comment: 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
Comment: my biggest regret is to split my $ to ETH and BCH instead of playing XLM exclusively :). Such a great coin during pump rally
Comment: correction time. Now need to observe if support holds or not
Comment: the broken out downtrend line is being tested (pink line)
Comment: 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
Comment: this is the one in april. a 48% gain :)
Comment: 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
Comment: 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
Comment: 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.
Comment: 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
it's climbing back from the slight pull back ! :) could go to .40-.50 quick or just go bonkers !
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this one wants to moon ! must be some real good news coming!
Reply
SamHuynh comanderrich61
@comanderrich61, It has a lot of good upcoming news (starting from end of august). However, right now it just might be another bull cycle of XLM after a released series of partnership news
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@SamHuynh, In that case one might buy now and sell by end of august. Buy the rumors, sell the news. (:

Thanks for your analysis and have a nice weekend!
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SamHuynh EduardZimmermann
@EduardZimmermann, its important news is on October unfortunately >><<
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