Hi guys hope you are well and welcome to the new update on a Stellar. As in my previous post we have seen that the Stellar had started a correction really now in this article we will try to understand how much the price action can be moved more down.
The bearish Shark has done its job:
On 8th of June I posted an article where I revealed that the price action of...
In my previous post I elaborated that how the price action of Stellar has formed a very big bullish BAT pattern on month chart and completed the bullish setup for upto 596% gains.
But the recent bearish move of price line that was started since Nov...
The XLM token started with the opening price of $0.002251 in Jan 2017 as per Kraken exchange and reached at $0.06700 within 4 months on May 2017 that was more than 2,876% huge bullish move which brought the Stellar in lime light and in a very short period of time the token came among the top cryptocurrenices list.
The market cap was increased from 17,173,226 to...
Priceline of Stellar Lumens / US Dollar cryptocurrency is forming a bullish Crab and soon it will be entered in potential reversal zone insha Allah.
This PRZ area can be used as stop loss in case of complete candle stick closes below this area.
I have defined the targets using Fibonacci sequence:
Buy between: 0.07061740 to 0.06561316
Sell between: 0.07452345 to...
XLM, as many other altcoins has been heavily punished by the alt bear cycle. Now, the Stellar Lumen is in an important level in which it has to decide whether it stops falls or attacks the next resistance.
As the chart shows us, the gap hasn´t been closed yet. This can add further bearish preassures to the prices. Gaps usually drive the priec up or down to close...
XLMUSD has been one of the strongest performers of the past 2 months. Proof of that are the Higher Lows printed on 1D since Sept 11, that have created an Ascending Triangle (RSI = 55.984, MACD = 0.007, Highs/Lows = 0.000) with 0.3053 as its Resistance. If the price rebounds on a new Higher Low near 0.2325, then it will most likely test the 0.3053 Resistance....
XLM / USD 12 MONTH TA PREDICTION
Let's start with main question, WHY WOULD IT GO UP?
1. Liquidity coins will be in demand
2. IBM World Wire Integration
3. Institutional Investors
4. Media Hype
5. Bullish MASSIVE accumulation pattern
6. Newer partnerships to be released
Minimum XLM 12 Month prediction is $10
Maximum XLM 12 Month prediction is...
XLM had an amazing move up with Ripple last week and continues to mirror its moves so far this week. It is currently below the supply zone and FIB level, which is causing some resistance and we could see a move back down to the demand zone + breakout level around 3542.
MACD histo is near going positive but looks like it has stalled as well as signal line turning...
Stellar is almost done consolidating in a symmetrical triangle. The target of the trianglein case of a break out to the upside is in the chart, however I think it will go a little bit above to 0.0000937 sats.
This is not a financial advice. good luck trading.
Stellar is very close to the lower trend-line formed by the two all time lows (very strong). In this regard it will be the first attempt to break it down considering the 2 points as supporting, therefore a cross now its very unlikely and another wave bounce to the high trend-line is more probable.
Also, NEWS are in favour of XLM, analysts from IBM confirmed the...
XLM quickly broke through all the barriers that had been holding it back and the price rose substantially.
To top it off - even as BTC has pulled back - XLM has not seen the correction.
We are moving sideways at .31 - it appears like we will in the near term - bump up to .36 where we either continue to climb or we pull back to .31 again.
The case for buying for...
kraken:XLMEUR ended up on the lower end of my Saturday predictions... Slowly it's moving downward to the next support level around 0,22. From a technical perspective it's all BTCUSD related..
I find RSI levels still high..Most likely we will be testing the 0,22 level soon.
The nice thing about crypto currency markets is that they trade 24/7. I have not sent an update since Thursday morning. 2 things: again XLMEUR is following my channel. Furthermore the support level is clearly confirmed. We have now reached the rocket to the moon. But will it lift off?
I have no clue to be honest. We have traded side ways and down for 3 to 4...
I'll only give small updates on Twitter. Give this idea a like to see more ideas like this.
As long as BTC doesn't drop, there are more gains ahead.
Buy: If it closes above resistance of the triangle or if it closes with an hourly candle above neckline of the cup.
Target 1: 0.3969
Target 2: 0.469
Target 3: 0.609
SL: Below raising support line....
XLM is no longer in a good position to buy anymore and has reached resistance level at 0.085-0.089$. We expect it to return to the lower zone of 0.058-0.063$, even further than 0.045-0.05$ and will consider buying.
In case the price doesn't return, we will wait for it to break the 0.09$ resistance level, the target is 0.15-0.16$