After breaking above double bottom's neck-line resistance, Stellar came and confirmed this break as a genuine one and has started to rise again.
The next target for this coin can be 0.5 and also a long trade from the current price can have a 1:3 R:R
As you see here, price rejected our trend line just bellow, we got our several confirmation with Fibp levels and MACD. changing from bearish to Bullish, strong support just bellow the price.
all this confluences makes us to think about strong buy position here 📈‼️
R:R 1:4.2 LOVELY ORDER
lets see how this one goes!!!
Any question DM or Comment,
GOOD LUCK EVERYONE !!!
In the previous medium-term idea of the XLMUSDT pair, we asked: will Stellar take the place of Ripple which is in the swamp of negativity.
It is difficult to answer this question unequivocally, but we can say with confidence that the previous idea worked out all the targets from above, reaching a high above $0.36 in the shortest possible time.
Now the chart...
The situation on the XLM market looks quite harmonious. If EOS has lost its signs of life after yesterday, then XLM buyers are holding the price of the coin quite firmly.
In fact, from January 7, the correction of the previous wave of growth in the XLM market continues. The price moves in the white channel at reduced volumes. Even yesterday's fall of the XLM...
XLM / USDT
🌟 Techincal Analysis 🌟
The price after recent massive pump start to consolidate and volume dropping
These are normal signs before every big move of the price
Market on edge of both way and in senstive area
dont try to guess the way up or down
Alot top tether coins show this pattern now
wait the clear Breakout confirmation before entery
And if you...
. There is a possibility of temporary retracement to suggested support line (0.0706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XLMUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
. Stellar/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. There is a possibility of temporary retracement to suggested support zone (0.04950000 to 0.03500000). if so, traders can set orders based on...
I have drafted a new uptrend channel with some new resistance lines. XLMEUR has been recovering nicely and it looks like we have successfully broken the 0,255 resistance over the weekend.
range between 0,26 and 0,27
RSI to remain in the between 55 and 70
XLMBTC to trade around 4000s
resistance levels around 0,28 0,313 and 0,325
but watch out for...
Yesterday markets suddenly recovered. Yesterday I mentioned that the RSI was so low that a nice buying opportunity existed, but it was so short!
So what's next for XLMEUR?
range between 0,23 and 0,26 eur
support at 0,2550 eur needs to be broken before we can go higher
XLMBTC, level around 3800s
RSI will remain high
Good luck folks!
The price is on a crystal clear 4H Channel Down which is now pricing a Lower High (RSI = 45.400, Highs/Lows = 0, B/BP = -0.0080). Based on the Fibonacci retracement levels of the previous Channel Down, XLM should make a Lower Low on this Channel near 0.21539646 (which is our TP). After that it should rebound to the 0.50 Fibonacci (0.29077738), before possibly a...