After the 23rd April crypto dip, & before yesterday’s rise, i decided to add some XLM to my Longterm Crypto Portfolio.
XLM has managed to close 3 Daily Candle above its Ichimoku Cloud Leading Span A (Senkou Span A).
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
A crucial level for XLM to close a daily candle above is its 50% Fibonacci Retracement Level which is also where its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) is located.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that short-term momentum over the last 20 period midpoints is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum over the last 60 period midpoints is sideways.
XLM has found resistance at its 50EMA, so XLM needs to eventually close a daily candle above this level an turn it into strong support.
XLM has also found resistance at its 38.2% Fibonacci Retracement Level, so XLM need to eventually close a daily candle above this Level and turn it into strong support.
The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) has curved slightly sideways. Keep an eye out because if upwards momentum continues, we may see the MACD Line cross back over the Base Line at 0.0 and then back over the Signal Line (Orange Line).
The Chaikin Money Flow (CMF) has dipped slightly but is still in the accumulation zone above its Base Line. A good sign is if XLM closes this day in the accumulation zone.
I decided to add Stellar XLM to my crypto portfolio because it seems to be getting quite well established mainstream wise and doesn’t seem to suffer from the same regulatory issues that XRP is currently facing. In January, Stellar XLM’s Blockchain Network got chosen by the Ukrainian Government as a platform to build & develop their Central Bank Digital Currency (CBDC) on….. Thats actually huge. XLM has has also recently been chosen by a company called 21Shares, along with Cardano (ADA), to be listed on the Swiss Stock Exchange as Exchange-Traded Products (ETP)…. Thats also pretty impressive. XLM seems to be a real dark horse that is making strides in the mainstream, so who knows, with all this mainstream attention, XLM could be a good longterm investment.
I hope this is helpful with your trading & hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
XLM has managed to close 3 Daily Candle above its Ichimoku Cloud Leading Span A (Senkou Span A).
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
A crucial level for XLM to close a daily candle above is its 50% Fibonacci Retracement Level which is also where its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) is located.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that short-term momentum over the last 20 period midpoints is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum over the last 60 period midpoints is sideways.
XLM has found resistance at its 50EMA, so XLM needs to eventually close a daily candle above this level an turn it into strong support.
XLM has also found resistance at its 38.2% Fibonacci Retracement Level, so XLM need to eventually close a daily candle above this Level and turn it into strong support.
The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) has curved slightly sideways. Keep an eye out because if upwards momentum continues, we may see the MACD Line cross back over the Base Line at 0.0 and then back over the Signal Line (Orange Line).
The Chaikin Money Flow (CMF) has dipped slightly but is still in the accumulation zone above its Base Line. A good sign is if XLM closes this day in the accumulation zone.
I decided to add Stellar XLM to my crypto portfolio because it seems to be getting quite well established mainstream wise and doesn’t seem to suffer from the same regulatory issues that XRP is currently facing. In January, Stellar XLM’s Blockchain Network got chosen by the Ukrainian Government as a platform to build & develop their Central Bank Digital Currency (CBDC) on….. Thats actually huge. XLM has has also recently been chosen by a company called 21Shares, along with Cardano (ADA), to be listed on the Swiss Stock Exchange as Exchange-Traded Products (ETP)…. Thats also pretty impressive. XLM seems to be a real dark horse that is making strides in the mainstream, so who knows, with all this mainstream attention, XLM could be a good longterm investment.
I hope this is helpful with your trading & hodl-ing 👍🔥🚀🌍🌔🪐🛸👽