Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
XLM USD Monthly Imbalances
With a small amount of data here, where price creates a new all time high, this is considered a daily, weekly or monthly imbalance so long as price retraces back to a zone e.g. a daily imbalance candle and fills a wick upon an aligning Fibonacci level.
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of $0.60, this was also a structural level of -0.618 Fibonacci extension.
The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones around $0.60-0.41 established. While this zone is a large trading gap - the best imbalances for price levels to work from here is on the weekly, daily.
Second to this, the monthly test occurring back in January 2021 created a all time high*, whereby $0.43 was structural point where price was, informing to positional buyers that the sellers have taken over the daily and weekly imbalance to create correctional move.
To see this, play the original analysis below:
See XLM chart in the link below.
Weekly Imbalances
The imbalances are clear here, with two in efficiencies identified.
1. - The upper newly created all time high has provided a correctional move where the 50-61.8% Fibonacci retracement is in play.
2. - The imbalance wick between $0.38 - 0.30 needed filling as part of a engineer low for the imbalance to take effect for further longs.#
Here is a possible scenario which could play out, where the probabilities align with the overall structure in play is geared to buyers imbalance.
Here is a scenario which could be a probability - based on the coins structural past using the weekly data at present.
To every Bullish scenario is a bearish probability.
The idea here is for price to reach a monthly low imbalance.
Daily Imbalances
The Daily imbalances are showing a rally base rally correctional wave formation for those who look at wave patterns. However the path is a clear indicator of Imbalance, fresh high, imbalance fill, create a new imbalance and create a new fresh wick imbalance for price to fill and hold the market structure.
Currently price is looking to create lower lows while being squeezed out to create a low discounted imbalance change over between the sellers and buyers. Here price will be monitored for additional positions.
Eight hour imbalances
Here is the Imbalances which have been previously filled with the long wicks rejecting price reversion points showing a clear imbalance from the shift from buyers to sellers, and from the bottom shift from sellers to buyers.
Four hour imbalances
The four hour imbalances for the downtrend are identified and when tested will be a lower time frame area of interest for adding buys or sells in, but the overall picture is the main priority. The four hour just identifies a good down trend pattern or correctional move, so buyers wait patiently.
Cross Assets
Looking at the correlation pairs with Ethereum, Atom, District0x and Band - price is currently experiencing a sellers imbalance correctional move across all coins at the current moment. However, price will look at respected areas for longs.
Taking a look at Ethereum and Stellar - understand the correlation pattern the two coins have are very closely correlated. Keep an eye on how the more expensive asset moves affecting Stellar.
Do you enjoy the setups?
10 years combined analysis experience in capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
Team LVPA MMXXI
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
- Blue = Monthly
- Purple = weekly
- Orange = Daily
- Magenta = 8 Hour
- Grey = 4hour
- Pink = 1 hour
XLM USD Monthly Imbalances
With a small amount of data here, where price creates a new all time high, this is considered a daily, weekly or monthly imbalance so long as price retraces back to a zone e.g. a daily imbalance candle and fills a wick upon an aligning Fibonacci level.
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of $0.60, this was also a structural level of -0.618 Fibonacci extension.
The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones around $0.60-0.41 established. While this zone is a large trading gap - the best imbalances for price levels to work from here is on the weekly, daily.
Second to this, the monthly test occurring back in January 2021 created a all time high*, whereby $0.43 was structural point where price was, informing to positional buyers that the sellers have taken over the daily and weekly imbalance to create correctional move.
To see this, play the original analysis below:
See XLM chart in the link below.
Weekly Imbalances
The imbalances are clear here, with two in efficiencies identified.
1. - The upper newly created all time high has provided a correctional move where the 50-61.8% Fibonacci retracement is in play.
2. - The imbalance wick between $0.38 - 0.30 needed filling as part of a engineer low for the imbalance to take effect for further longs.#
Here is a possible scenario which could play out, where the probabilities align with the overall structure in play is geared to buyers imbalance.
Here is a scenario which could be a probability - based on the coins structural past using the weekly data at present.
To every Bullish scenario is a bearish probability.
The idea here is for price to reach a monthly low imbalance.
Daily Imbalances
The Daily imbalances are showing a rally base rally correctional wave formation for those who look at wave patterns. However the path is a clear indicator of Imbalance, fresh high, imbalance fill, create a new imbalance and create a new fresh wick imbalance for price to fill and hold the market structure.
Currently price is looking to create lower lows while being squeezed out to create a low discounted imbalance change over between the sellers and buyers. Here price will be monitored for additional positions.
Eight hour imbalances
Here is the Imbalances which have been previously filled with the long wicks rejecting price reversion points showing a clear imbalance from the shift from buyers to sellers, and from the bottom shift from sellers to buyers.
Four hour imbalances
The four hour imbalances for the downtrend are identified and when tested will be a lower time frame area of interest for adding buys or sells in, but the overall picture is the main priority. The four hour just identifies a good down trend pattern or correctional move, so buyers wait patiently.
Cross Assets
Looking at the correlation pairs with Ethereum, Atom, District0x and Band - price is currently experiencing a sellers imbalance correctional move across all coins at the current moment. However, price will look at respected areas for longs.
Do you enjoy the setups?
10 years combined analysis experience in capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
Team LVPA MMXXI
