Stellar about to break bullish flag and flyStellar has been in a flag pattern and has been beating on the resistance level. We are also getting confluence from the RSI on the 2hr chart, which is about to break into the bullish zone again (65+ points). It should break it within the next 2 hours to the upside to complete Wave 5 of this EW pattern.
EW guidelines state that Wave 5 can go up to 1.68 of the fib extension of Wave 1-2 (or all the way up to 2.618,) or can make a 1:1 measured move of Wave 3 (or up to 1.618.) Note that this is not always the case, but more times than not, you can rely on these guidelines.
So, the lower target zone is between 1827 and 1962 sats.
The upper target zone is a little larger: 2190 and 2550 sats.
It is more likely we will reach the lower target zone, because (another guideline) when Wave 3 makes a 1:1 move to Wave 1, which is the case here, then we will (many times) see Wave 5 will move to 1.618 of Wave 1-2's extension. However, you should keep an eye on the charts because every now and then, you might get a special surprise.
side note: The fib extension on the right is the extension of Wave 3-4, the one on the left is Wave 1-2
As always, this is not financial advice and you should use this TA only for comparison. Good luck and happy trading.
Lumens
Stellar forming ascending triangleMy previous post, I mentioned we were in a bullish flag. That doesn't seem to be the case anymore. Our bullish flag has changed to an ascending triangle, which signals potential bearish activity. Therefore, long has changed to short.
I intend on setting stop-losses along the triangle's support line and sliding them up as long as the price does not break the line.
Fast, Reliable and Inexpensive Transactions. That's Stellar!"The dial-up era of blockchain" - Ted Livingston, CEO of Kik .
No it's not Stellar he is talking about, it's Ethereum!
Fundamental
When the IBM news broke on Stellar , I was all over it! And I regret not posting a trade idea on it earlier on as I have had it in my portfolio for a good amount of time now.
But here we go, better late than never I guess!
Fundamentally I look at Stellar with strength. Obtaining a partnership with IBM is no small deal. It's huge and the chart has proved so over the last couple months. News article here if you missed it!
The guys at Stellar know how to prioritize and have a winning strategy. And very important, they can scale!
The quote from start is interesting. Read article on Coindesk.
It's the CEO of Kik and they have chosen to shift from Ethereum to Stellar . Recently their network passed rouchly 10k users and that's the limit that Ethereum could handle.
Because of this Stellar was the way to go and that gives me even more faith in the tech. As I don't have the most technical understanding I need to rely on others actions and opinions.
We also got Mobilecoin launching on Stellar. (With the creator of Signal!)
Any rumours? It's not something with much to it . But Walmart has partnered up with IBM on using blockchain!
There is absolutely nothing out about using Stellar. However, it's still a positive in my eyes. It's important to be connected to the right people, and it looks to me that Stellar is.
Technical
Stellars chart looks pretty nice! I see room for growth upwards if we can move out of my channel and pitchfork. Which looks very likely to me, but it has not happened yet!
I believe we are in the last wave within the larger third wave. The target area I am looking at is between 0.33-0.34 USD (between my two 4.618 Fib levels). Unless fundamentals change drastically I would think we end up in a 4th wave correction.
The last run from Stellar provided an amazing 4440% increase! The sad thing is we are very high in this run as well and I should have gotten this chart out much earlier. However, 4440% on current run would mean 0.495 USD!
I'm not setting my target that high, but it could easily spike to that level. 0.5 should be a very decent resistance area.
If we break upwards now I don't see much resistance before target area is hit . Maybe some at 0.26 USD but thats it :)
XLM Opportunity (Strong but steady push UP)Very simple analisys for Stellars Lumen (XLM).
Bitcoin is breaking out and everything is going red but a few coins.
XLM is one of those coins that remained GREEN.
- Chart analysis has several bullish signals.
- Candle stick analysis is showing bullish patterns.
- Indicators are bullish, such as MACD, RSI and STOCH on the daily chart.
All these indicators point to strong but steady upward movement.
Open trade: 0.000011 - 12
Stop: 0.00000920
Targets:
(1) 0.000013
(2) 0.000018
(3) 0.000023
There will be resistance along the way.
If you miss any opportunities, don't worry, there are endless opportunities in the cryptocurrencies world.
If you made mistake and feel down and bad, there is nothing wrong with you or your trades, you simply needed some lessons to improve your game.
So don't despair and play safe, because it doesn't really matter what happens... YOU DESERVE THE BEST.
XLMBTC - Completion of a Corrective SetWild week for XLM - seeing a boom in volume, nearly doubling in price over the past 7 days, and grinding through a mass sell-off as BTC shoots through the roof - settling at a new floor around 800-900 sat. Even with this recent drop, the mean is still rising steadily.
Taking a look at the chart, we can see what looks like Elliott Correction after the spike in price, and the completion of Wave 2 today. The pink dotted line being the long term trend, I see Wave 3 taking us up to 1150, Wave 4 bringing us back down around the 1000 sat mark, and finally reaching back up to 1400 with the completion of Wave 5.
XLM is creeping along, creating new floors out of previous ceilings. This will be a fun one to watch in 2018.
Stellar Lé Moons . XLM STR LongHi Stellar Fans,
First of all... all my ideas are just thoughts. Use them as inspiration to your own thoughts. So lets get on with it, good times are coming! In fact, good times have started. Couple of weeks ago I would have thought that Stellar would've 'mooned' early november.... but end of november it was.
With all the good news coming up, starting with Satoshipay : medium.com
My current thought is that we will form a CupnHandle :) Taking IBM news as start... en March 18 as end!
XLM (STR)/BTC - Outlook for the next few daysIf XLM keeps moving in the channel it may break the major resistance line at 905 Satoshi within two days. When that happens, It'll most likely shoot up to the 1200 Satoshi range.
STRUSDT Long10:1 RR risk 30% gain 300%?
Williams Trader says enter, the volume is gaining rapidly as we break the hammer candle pattern level, plus the BO of the purple mid line of the fork looks like a great upside signal.
TP at the top lvl (100%) SL if we close below purple lvl (50%); another way to trade this is wait for double up and sell half to get back initial cost.
Manage your own risk however you prefer, these are just how I am looking at this trade atm
Gl Hf
xoxo
sn00p
XLM/BTC The coveted Wave 3 is already here. still lots to go.XLM has officially bottom and everything is aligning for take off.
-50 MA crossed 100 MA on daily recently
-RSI, MACD all bullish on all mid to long time frames
-weekly bull MACD cross occurred 1-2 weeks ago, all set for multi week/month uptrend
And the 2 things that hold XLM back
-the 50 day MA crossing the 200 day MA
-1k satoshi price level
Black line trailing down is 200 MA
red line moving up is 50 MA
purple is 100 MA
currently ascending triangle, if it can hover between 850-1000 satoshis, this should happen within 1 week or 2. There is room for this to consolidate further in 600-800 satoshi range, this could take another month.
but rest assured, when the last of these indicators occur, all bets are off.
First Wave was 125 satoshis to 450 satoshis
bottom at 250 satoshi.
trend based fib extension shows incredible levels. remember wave 3 must be longer than wave 1. and there is so much more backing this wave 3...
i think 1.618 and 2.618 extensions make for likely targets 3-6 months from now. and with the collapse of btc to "normal" price around $5-6k, 4.236 fib extension makes sense as well.
We have IBM blockchain specialists posting in the stellar reddit and barely able to keep their excitement for what is coming. think about that.
str/btc xlm/btc 15min closer look updated.... Looking at this STR/BTC-XLM/BTC pair I see we have came below the 50 day average. We will likely continue down to support level 832... The Death Star has reported to buy here and look to close again when we reach the top of the channel. Its possible it may not even go down to 832 as Bitcoin is appearing very strong. This is our primary indicator, Bitcoin,,,, This is all pending of course as long as BTC continues to cooperate as this pair is following BTC perfectly.... xxvaderxx