Coin of the day is Stellar (Lumens). "Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost." Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit, the Stellar...
Looks like correction is over for Stellar & we're making way for a new bull run after breaking out of a corrective contracting triangle.
Hello traders! $XLM is in accumulation phase (like a lot of altcoins). According to what Wyckoff Method says, we can see a downtrend followed by accumulation phase. We should see a trend reversal in the near future. We could test the bottom and the top of the accumulation channel, but once this phase ends we should break the top of the channel and see an...
XLM has closed a daily candle above the 200 period EMA, and above the 50 period MA. It has also risen strongly over the Fibonacci level at $0.26. The MACD and RSI are positive as well. Stoch RSI is in the caution area of the overbought. Volume is just OK At this time XLM looks set to reach $0.338 which is the 0.5 of the Fibonacci level. A close over 0.5...
Stelar upside variant, need daily to close above resistance and imho target 1 will be easy, ATM is very likely if weekly closes above too
POTENTIAL RUN UP inverted head and shoulders forming . also cup and handle forming and mini bull flag seen short term trade.
StellarLumens has formed a bullish signal called the Falling Wedge, the pattern usually breaks out after wave E. Buy zone: Grey rectangle.
Another update on my XLM chart. So far still going according to my pevrious ideas. Now looking at a ascending triangle being formed which might be the signal the bearish trend ended and a bullish trend is on the way. It all depends on breaking the support line at around 3400 sats. If that resistance line is broken it will act as support and gives a clearer...
As you can see $XLM is broken the downward trend and is moving sideways. Judging by the green in volume, this could potentially be a break out from the down-trend. I envision only a short push. What is most important is when the price reaches the rectangle. This closely matches 0.5 Fib retac and previous resistance. If it manages to cross both, I would confirm the...
Stellar cup and handle target 7000's Held the 618 retracement and Rocket about to launch .
Summary: Hold cash in your trading funds for a breakout to the upside and hold your investment positions. Trading on margin is a fools game in this market it's screaming short squeeze. We have been in a Bulkowski's Descending Broadening Wedge formation for the last 8 days or so. According to the rules for a long term bull market we have touched the bottom of...
most of the volume for Stellar Lumens is on Binance now... 1 Binance XLM/BTC 1,973 BTC 0.00002681 BTC 30.86% Recently 2 Upbit XLM/KRW 1,216 BTC 0.00002769 BTC 19.01% Recently 3 Poloniex STR/BTC 450.95 BTC 0.00002674 BTC 7.05% Recently 4 Bittrex XLM/BTC 403.92 BTC 0.00002676 BTC 6.32% Recently 5 Kraken XLM/EUR 286.54 BTC 0.00002658...
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...