Lumen One To WatchLumen might be one to watch in the next few weeks and months. RSI is strong, Ichimoku and Bollingers look pretty good.
Rumours floating around of XLM being incorporated into Asian banking spheres. I don't trade rumours, because most of the time it's bullshit or pump and dump crap. But just keep an eye on it.
PM me for entries, targets, and custom charts (small fee)
Lumens
STR/XLM Bullish Moving Average Cross It appears that XLMBTC (STR, Stellar Lumens) is about to make a bullish moving average cross on the 4hr. This is a good set up for a long term trade LONG. Stellar has a great project with a lot of support in the crypto community so it is likely that unlike the other alt coins that bleed when BTC is megabull (as it is right now..) STR/XLM may still rally
Entry: 480-500
TP1: 550
TP2: 600
Target: 700
Stop Loss: 440 (for the less risk averse, 400)
Happy Trading
*Short* Stellar Lumens / XLM Bearish Descending Wedge BreakdownIf you've followed my ideas long enough, you'll know that I absolutely love scalping/swing trading this coin. For the most part, the medium and large moves have been quite predictable.
I'm making another short-term forecast.
It's currently been bouncing in a rather tight range within a bearish descending pennant/wedge.
The 1hr chart is quite telling. If the current pattern continues, I'm predicting it will continue to push the RSI levels upwards up above the 70 range as soon as the wedge formation is
completed.
As we've seen in the past, this has coincided with a drop-off in prices as the market capitulates.
Pay attention to this formation, but I'm guessing the drop should come by sometime tomorrow (sunday) or early Monday, if not sooner.
Primary target is 0.00000457, which is a strong support level.
How to trade STR/XLM to make +- 20%Greetings from South Africa, Lately we have seen a strong support between 420 - 460 and i dont see us breaking below that any time soon (unless bitcoin does something similiar to Oct bull run)
Anyway this is my meathod for trading this coin for the next 2 weeks >
Buy at 450 - Sell at 550-620 - stop loss at 380.
Hope you guys find my method of trading useful. Good luck AND remember to never put all your eggs in one basket!!!
Please be sure to give me a follow for more on Lumens. any Rep i can get would be greatly impressive!
Stellar Lumens Cup and Handle FormingCup and Handle pattern forming on POLONIEX:STRBTC ( BITTREX:XLMBTC ) We could finally be set up for a big break out.
Descending Wedge Bottom on Stellar/Lumens400 Satoshi is tip of this descending wedge. Breakout should come before price reaches 400. This thing is primed for take off... Buckle up! POLONIEX:STRBTC
STR / XLM Stellar SHORT retracement then LONG! Hope you all got something useful out of my shorting call earlier this morning. Broken down bear pennant, 4 hour hammer, broken down 646 support, leaving the 15 min ichi, and dropping below the 200ema confirms the move. At least for now.
Re-examining the charts, this might be the end of the 3rd leg on a corrective elliott wave from the previous jump. Or it could be the second. Hard to tell at this point.
Overally gameplan remains unchanged from my original charts, but timing may be tricky.
1hr rsi now seems close to being primed for another jump up.
Put some 'tentative' price targets that may be of interest on this potential drop. Could be shorter or could be longer. But I'm aiming at the 382 level retracement before the 5th leg up to re-test 84x resistance. As always, be vigilant, set stop losses, and pay extra attention as the whale bots can move quick!
Happy trading!
Stellar drop before bounceStellar could be forming a new falling wedge inside a larger long term pennant. Expecting a further drop before bouncing off support.
Opened a short position at 670 after price stalled and revealed the wedge's resistance, posted earlier today here:
Target price around 550-570. Breakdown of this Fib confluence could bring price to the low 500s until support is found at the lower bound of the larger pennant. Longer term bullish, expecting over 1000 sats eventually.
XLM / STR Headed for 1k territory (long)Chart shows a strong bounce off the 4 hour trendline (and subsequent large channel elliott wave) and a pattern reversal in what I think is another elliott wave back up to the ~1k-1100 area. Great time to enter long if you can get in around the 5xx area. Suspect it will continue to get a lot of volume this week as the price of BTC fluctuates. Has remained strong even during the BTC rise unlike it's counterpart XRP, which is promising. Of course a BTC dump will probably only strengthen it's rise as more money pours into alts.
Just let it accumulate!!Such a piece of news and a price spike of course needs its accumulation period.
We're right in its middle, where prices are bouncing up and down in the 520-580 sats zone.
I confess I'm holding a nice chunk of this bad boy, so I'm a little biased over it, but I definitely think this is one of the few coins with a future around here and my investing/trading style is more oriented towards solid profits in a longer time then betting for the next +100% shitcoin.
I definitely think this may be a good entry point, and to play it safe, before pulling the trigger, you should look for:
- Wedge breakout
- Trading range breakout
- More volume
- RSI back to the bullish zone (>50)
First targets are 700, 800 and 900 satoshis.