Welcome back Apostles! I posted a Stellar Lumens chart a while back calling a ascending triangle but I tried to draw it before price found support so I got Rekt lol. Now comes the updated Version!(Check out my previous STR update for a laugh) I recently posted a chart for EOS and the C&H pattern it is accumulating in. For this chart I will now talk about another...
XLM currently in an interesting position following a long-term trend of higher lows and a short-term trend of lower highs. However, the mid-term trend is still higher highs with the start of a correction after an extended fall from ATHs. Combined with the fact that the long-term support trendline of higher lows has been tested many more times and held...
XLMEUR was recovering nicely yesterday when the whales attacked again. Imo some exchanges need more oversight. This dumping is not helping this industry. I expect more of these attacks and more side ways trading until we have some really good news Today We trade the range 0,23 to 0,25 Support resistance of 0,255 needs to be broken first for higher highs..
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!
So market are trading down. Sad, I had to draw a new support line.. For RSI lovers: a nice buy moment!
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.
Weekend duf: nothing exciting to mention for crypto markets. XLMEUR has been traded around 0,24 / 0,25 the last days. For higher highs we need to break the support line at 0,25. RSI levels remains relatively high between 50-60. Sathosi wise XLMBTC is now trading at 3881 and it would be good to see this going back to 4k. Expectations for this weekend IS: ...
XLMEUR back up to the support level around 0,25. Looking forward to see if it can break it and move further up (or not). RSI levels are quite high, so I am not so sure. If those BTC whales attack again we could be testing 0,22 again. More likely scenario is that we go higher... but on what? I am missing the good news lately. Fill me in please!
Coin of the day is Stellar During Bitcoin stagnations, traders look for alternative coins, big and backed by real usage, which could be in the future without Bitcoin. Technology that uses blockchain to power payment systems sounds exactly like the one that will be useful in the future. Stellar is an open-source protocol for value exchange founded in early 2014...
Yesterday markets were driven down by FUD... Yesterday when XLMEUR was around 0,22 cents RSI levels were so low that a nice buying opportunity existed. Overnight markets recovered. XLMEUR remains around 0,25 I have neutral view at the moment. XLMEUR is mainly following crypto markets at the moment.
BITTREX:XLMBTC 1D Chart, also works on 4H, at this time Stellar Lumen (XLM) is testing by second time SUPPORT ZONE 2 (0.000035 BTC) since May 12, gaining strength to move towards RESISTANCE ZONE 1 (RZ 1) around 0.000044 BTC (Target 1). The 50, 100, 200 MA already crossed up on May 12 pushing a respectable Green Candle, the Volume is decreasing -BUY SIGNAL- (Red...
So XLMEUR continues to be weak and the support has been broken. I will evaluate next steps today..
XLM broke out Triangle Pattern XLM can a lot of percent will go up We can three zone buy order (1) 46xx Zone order (2) IF XLM broke out zone support 4500 - 4600 XLM can go down to zone buy order (2) (2) 43xx Zone order (3) IF XLM broke out zone support 4200 - 4300 XLM can go down to zone buy order (3) (3) 37xx We share buy order to three zone buy back....
The upper channel did not confirm and was broken within 12 hours of writing my previous idea. Back to Neutral again. So storyline is reconfirm support line.
Yesterday I realised that it's time for change. So I had a look at the chart and thought... it's time that we move up for a while. We have tested the support level twice and now we are slowly moving up. My 3 week view BTCUSD: 10k XLMBTC: 4300 XLMEUR: 0,36 RSI: remains in 40 to 60 band IS: from Neutral to Long Not sure if this materialises, but would be nice if...
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...
So XLMEUR deserved a new chart. I revised the channels to the new reality and revised the support aka bounce a bit lower For today: XLMEUR to hover between 0,27 and 0,29 XLMBTC to float around 0,00004000 Expect to trade within the down trend channel RSI to remain in the middle Until? who knows!