Stellar (XLM) Since Nov. 2020 | 140% Mapped Long

Stellar / BitcoinBinance

Description

⋅ Aug 14, 2021 5:41 PM

This is one of the big ones... Stellar is #18 by market cap. compared to thousands of altcoins.

Here we are looking at XLMBTC (Stellar vs Bitcoin).

This chart goes back to Nov. 2020 until this date.

We can see a strong ascending channel, really wide, and we continue to see higher highs and higher lows.

Notice the falling wedge pattern that forms before each bullish wave (marked with blue lines).

The current one has been going for longer than the previous ones... Growth can start happening anytime.

Additional signals:

We can see XLMBTC moving above EMA50.
We can see a strong RSI.
We have the already mentioned higher low.
The falling wedge...

Notice how the trading volume has been completely flat since prices peak in May. This signals consolidation.

The next move is likely to become a strong bullish break.

Namaste.

Comments

shahinzb

⋅ Aug 15, 2021 4:52 PM

alan thanks for all your efforts, is there any chance you take a look at AMP and analyse it?

Tony_Wolf

⋅ Aug 15, 2021 8:25 AM

Thanks for the chart Alan!
I'd like to ask for similar of TLM. It is very intereting how is it going to perform currently beeing at the bottom of its $20 peak!

Tony_Wolf

⋅ Aug 15, 2021 8:26 AM

@Tony_Wolf,

PJindia

⋅ Aug 14, 2021 5:49 PM

Nice, Thanks