astronautdotgg
Long

XLM - Exploding in December

BINANCE:XLMBTC   Stellar / Bitcoin
Stellar ( XLM / BTC ) is looking incredible right now for the month of December due to both TA and FA. Let's start with the TA first.

Technical Analysis (1D Timeframe):
XLM / BTC has been holding a rising channel since September and looks like it is starting to bounce off of support at 3,600ish sats . Not only that, but RSI has reversed direction and there is a lot more buying momentum than sell-offs, even during these major market crashes. MACD is curling up and looking like it will have a golden cross, pushing some bullish moves within the next few days. Oscillators look like they are going to flip from negative to positive.

Fundamental Analysis:
There are two major projects set to release by 2019, meaning next month. The first is SDEX, a Stellar Decentralized Exchange which claims to offer some of the lowest fees out of its competitors. We saw what happened to BNB as Binance became popular. If this exchange picks up it has the potential to explode. Additionally, Stellar is testing their lightning network in a few days and plan a release in the next few months. This update is said to dramatically increase their scalability and usability.
Two big events coming within the next 30 days and technical indicators looking bullish within the next week. This is a GREAT opportunity that you shouldn't miss on.

My plans for getting into XLM / BTC are as follows:
Entry: 3,600-3,800 sats (some at 3,800 - more at 3,550ish)
Stop Loss: 3,500 sats
Target 1 (Short term): 4,100 sats
Target 2 (Long term): 4,800 sats
Comment: Looking at the Stellar Lumens prices - this is your opportunity to accumulate around 3,600 range. Don't miss out on this opportunity, as two HUGE releases are coming this month for Stellar. I still think we will move to 4,800 sats!
Comment: Unfortunately XLM has been stopped out due to Bitcoin's major crash. I will be out of XLM for the time being.

Comments

It sure did explode.
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@TheMagpie, Unfortunately BTC trumps all!
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Looks like XLM is going down :(
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@rkothwala, Unfortunately it is - I got stopped out. I will accumulate once the market isn't falling so sharply.
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rkothwala astronautdotgg
@astronautdotgg, I also did same. My stop loss was 3500. All depend on BTC movement. Current status is not good for any altcoin. It's better to wait few more weeks. At anytime, BTC will drop hard due to bulk selling prior to Christmas.
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what about now man? It broke the trendline.
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@owi933, Always make sure to set a stop loss. I had mine right below the trendline so I am out.
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owi933 astronautdotgg
@astronautdotgg, yeah I did, looking to get between 3200-3300 , what do you say?
+1 Reply
@owi933, Very happy that you set a stop loss :) I will chart again when I get home so keep posted.
+1 Reply
Thank for analysis. I also have same view on XLM for upcoming weeks.
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