SamHuynh
Long

XLM-USD this is a time to buy , not to short

POLONIEX:STRUSDT   Stellar / Tether USD
stellar has followed its previous pattern and made a full retracement back to its strong uptrend support.
I am expecting we will go up from here and break up of the consolidation

Note: this is not financial advise.
Comment:
Comment:
Comment: we need to break above 0.227 to confirm the end of this pullback
Comment: As you know that stellar/usd follows btc chart's pattern the 61.8% retracement from previous High.

Right now we have stopped at exactly 61.8% from previous high

Obviously a break up of that pattern will signal EARLY bullish for breaking out the big consolidation zone
Comment: going to break up soon
Comment: not much to update. Slowly rising up :))
Comment: I hope everyone understands my drawings . Pick your line . Green or Red :)
Comment: current XLM's pattern movement .
Comment: this is just pullback for going up higher . No need to be panic
Comment: break up is going to happen soon. Be ready
Comment: all eyes to Stellar
Comment: ZRX, then BAT. What's next ? XLM ?? :)))
Comment: as long as we stay above the break-out line, it is just a pullback to retest the line. With current development of XLM, chance for the case is very high
Comment: overall we are still in good safe. It looks like that stellar is taking the slow rising approach
Comment: this looks bad. Break support. I hope today 's candle won't break support . If not, bloodbath again
Comment: yesterday's dump was scary. if we look at the chart, XLM just did a typical pullback to long-term uptrend on both rsi and chart. Only a drop below support will break uptrend
Comment: BCHSV is destroying markets again.
Comment: just because BTC breaks out down , doesn't mean that XLM will. When we compare weekly RSI between XLM and BTC, XLM's one looks much better and stronger. XLM is making ascending triangle while btc made ascending triangle
Therefore im still betting on the rise of XLM
Comment: this is btc's one
Comment: however with the current bearish sentiment of btc, we can't rule of the possible of breaking down . Right now weekly candle doesn't look nice . It is a failed break out with big red volume candle. Next week candle will be important which will tell us whether the decline will be continued on or not
Comment: I strongly discourage to sell XLM right now at the current price. Stellar are being accumulated hard on poloniex .
Comment: and the daily RSI is really nice for an incoming bounce
Comment: no good but need daily candle ends to confirm
Comment: free fall. Everyone is in panic
Comment: 6 month uptrend line is holding
Comment: we have broken down the 6 months support at 0.165 to go to 0.145 support. Then we made a retest at 0.165 but FAILED to pass it. With the current condition of crypto market, the next critical support is at 0.1$ which I will expect to have some action there for a while .
Comment: we are in a bear market now. Don't go counter trend . I admit that i was bullish last month. However, after the strong support was broken on bitcoin and altcoins, we have to admit our defeat to the bear and follow the trend. For bitcoin, 2.8$-3k$ is a critical support which will match to 0.1$ on stellar. We will expect to have some bounce around there. Price won't pierce through critical support easily . However, it doesn't mean that we get the final bottom at those levels. It really depends on volume and price action there. So be prepared to see 0.1$ level soon on stellar guys. Stay safe
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