1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term. 2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle. 3. However there is still the final down move to go before the bears go and hibernate. 4. Looking at the potential down move of...
Clear downtrend channel goes hand in hand with the RSI. Last level of support is at 2500 sats. If that breaks it should hit the bottom of the channel. From there it might bounce back up and 2500 sats support becomes resistance. With the way the market is at the moment i doubt it will find support at 2500, it seems to be going down that line, hit the red box in...
Seems my previous idea worked out, it hit the bottom of the channel and went up to my target. A reversal might be in play here if it bounces of the 2500 sats level which is critical. If it does, it will break the channel en an uptrend might be possible with a target between 3200 and 3500. It will then touch the ichi cloud which makes things interesting. If it...
Coin of the day is Stellar (Lumen). Bitcoin recovered after it's weekend fall and now trading above the 8000.0 support. The Bitcoin growth ahead of G20 summit returned demand on big cryptocurrencies. And many of them appear to be at the lowest prices, attractive for buyers. Stellar is one of these coins, already showing a 15% growth from the recent bottom....
According to the Elliott count, Lumen is in a wave 4 correction. If this is true we should expect a move up to about $2 (which I see as a very modest target when you look at the log scale). Buying now, at $0.2 and $0.1 and not selling until it reaches $2 gives more than a 10x risk reward ratio. So a hypothetical $1,500 investment allows for a possible $16,000...
XLM has reached a strong support area, it may go down abit more, but unlikely too much. The Daily RSI has finally reached oversold conditions, ripe for a bounce. Price is very very near reversal zone. This bearish market is nearing the end, but we may go sideways abit more before the next bull market starts.
I remember back in July when the alts made their first market cycles, and after breakout of the previous ATH they go into ascending triangles before the big 1,2,3 Elliott Wave sequence. We have Bullish Divergence on the MACD, along with a strong oversold bounce on the daily RSI. I noticed a lot of traders are calling stellar bearish due to the previous market...
Stellar BINANCE:XLMBTC is one of my favorite cryptos and I have been following it for sometime. I am still pretty new to the TA game and still working on my skills. I zoomed out this week to the weekly chart and saw an interesting potential triangle pattern forming. So I drew some lines and tried to see if I could make it work. This is what I came up with...
I Believe we are just about to start the 5th wave of the Elliot count. This is a LOG Scale dating back 1 year starting from the Pump that happened May 2017 to the present day. We are closing in on the descending wedge which should hopefully signal a break out. I dont believe this will be as big as the last pump, but theres still plenty of blue sky left in this...
XLMUSD is playing a down channel for last few weeks. Now its time for reversal. BUY on Support Lines and Yellow Zone. Expecting to breach Red Line Resistance on the TOP. Profit Target Green Zone. Potential 100% Profit Trafe in Medium Term : XLMUSD We will close our SHORT Call now
This is not a financial advice. Is just for fun and entertainment
#XLM Luemens looking prime for recovery. Under bottom Bollinger band on daily. Short term pennant w/ a longer term wedge. It should catch support on the next fib level or the aqua line and rebound.
Multiple of 3s corrections on XLM/BTC pair while its trying to find some solid support before the run. Eventually it will find its way down.
Hey Everyone, I have been calling this XLM move since mid January. We are most likely going to get to the 1800 Satoshis level and only then MOON to All Time High (Around 9000 satoshis). This is yet another good example of how Fundamental Analysis doesn't always work. We've only seen good news for XLM in the last month or so and yet it is still going doing. The...
I wish STRBTC would keep on going up but at the moment, there isn't enough volume to keep going up. The 3hr/2hr/1hr are all over bought. The 4hr/6hr Stoch RSI are becoming overbought.
Coin of the day is Stellar (Lumens) The pair pushed upwards denoting new bottom at 0.0000275 level. 100-days EMA also played a supporting role, albeit with a small penetration. Now the pair established an uptrend direction and held it. Nonetheless, we can’t identify a complete turnaround pattern as long as the Global Trend Line Resistance will hold. Hence,...
It appears that Lumen XLM is about to break out and move higher. I've set a target of $0.77 for mid to late April. This relies a bit on BTC price action to support the overall altcoin market as well. The price action is shown in the triangle formation to be squeezed into a narrow band of selling with declining volume. The chart would indicate that this selling...
One of the altcoins that hasn't went up significantly in the past few weeks (compared to REQ, OST, NANO.. etc). Looks overdue for a run. Daily STOCH is about to turn up and the support line is there. Let's see how it goes, I'm favoring the pink line.