Similar trend to September 2017. If Stellar can break resistance line we should expect big gains. Looking at the WaveTrend there's a high chance Stellar will Moon.
This is not trading advice, just keeping record of my own ideas to learn.
Been a while since I watch the USD chart of $XLM and I was chocked. It gave back almost all it's yearly gains?!
A new cycle low is a possibility
Could be minor (<0.07093)
Big support at 0.0626
Break outside channel = first bullish warning
WELCOME TO ALTSEASON
We go together
Together we are stronger
Share and like
God bless you!
We just looked at Stellar Lumens (XLMBTC) on the weekly time-frame, the long-term chart, now we are going to take a closer look and see what is going on...
Let's start by zooming in on the chart above:
We can see XLMBTC on a very steep decline since November 2018... Stellar never did let go and has been going down since......
Let's take a look at the Stellar Lumens (XLMBTC) chart long-term, on the weekly time frame...
Let's start with the chart pattern, we can see the classic bullish falling wedge.
XLMBTC is breaking pass the "major trendline" in red. Moving above this level would put XLMBTC above resistance and a new trend can start to take form.
So the market moves in cycles......
Stellar Lumens - Falling Wedge, Bullish Divergence
Falling Wedge since November Breakdown
Bullish Divergence on Daily RSI
Looking for bounces and potentially bottom reversals at green lines - 765, 570, 362 sats.
Falling below the support level from the previously formed wedge means that the direction will be down and looking towards the next monthly support level of 720 satoshis. This is a very strong support level and one of the lowest prices in a long time for #XLM. In my opinion it will go and test that support level before recovering to the previous monthly support of...