XLM has broken out of this triangle and retested it to confirm an upcoming bullish wave. MACD is divergent and exploring higher grounds in the positive zone. However, volume is still insufficient. Possible targets are highlighted in green based on price action history. These designated areas are where the price has struggled to flip in the past. If the momentum...
Stellar is a blockchain project founded in 2014 by Ripple co-founder Jed McCaleb and venture capital investor Joyce Kim. At the beginning, Stellar shared a lot of its code with the XRP ledger, but the project has since taken on unique characteristics of its own. However, the XRP and Stellar blockchains are still often compared since they both offer fast and cheap...
Short review of Stellar (XLM) with a weelky TF.
We can notice Stellar is still evolving in his big ascending channel (blue).
We had several points of contact both at the top and at the bottom of the channel.
I'll be watching this one.
If BTC remains "calm" we can expect a further growth inside the channel.
First stop will be the former "double...
XLM -Stellar You old dog. You tricked me. Will Jed save the day?
Old idea was complete failure. Seemed poised for historical fractal rocket boost pump... but then exploded on the launchpad.
Sucks as I should have just gone for new popular tokens like blah blah blah
I still have my eye on this old dog though. Similar to NANO I think it will unexpectedly go...
As seen on the ETHBTC chart this formation can break out bullishly
We can see the formation on XLM still within the wedge
Will it follow through and break out like ETH/BTC
We shall see through this post
Previous broadening formation:
Previously on the weekly time frame chart, the price action of Stellar formed a broadening formation, and every time after getting rejected by the support it was forming higher than the previous high. But during the recent drop, the priceline of Lumens has broken down a very strong support structure of this broadening formation and...
XLM looking good, reclaimed key area in lowertf, and currently consolidating above, I'm long aiming for those 3 objectives in chart, key supply block first, followed by FEB21 mid range and ATH mid range. Once we are there I will revaluate but those are pretty clear objectives for now.
Yes I know, in my previous post concerning XRP I discussed a bull pennant formation forming on XRP.
That pennant officially broke down instead of up, which is always possible in any triangle formation.
However, now we seem to be forming a bull flag, which is essentially the same end result when it comes to how to measure price targets from it.
If we get a...
Hello Trading View Community,
One thing to note is RSI going into overbought zone and although XLMUSD is over the 0.236 Fib Level, it still needs to clear the rest of the local resistance zone.
Thank you guys for checking out this idea on XLMUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are...
Parabolic curves have a high probability of success, and BTC has already used one to climb up to 42K +(see attached idea of prediction)
As the graph shows, XLM seems to be forming a parabolic curve pattern which would lead Stellar Lumens to $0.37
Hey traders 👋
As the chart shows 📈 :
- XLM is testing Resistance again and again 🦾 , this means that buyers are propense to buying even near resistance → signal of buying strength
- It's also forming interesting patterns (see attached idea)
In my opinion, the best time to buy is near the short-term support(which in long-term is nearly the resistance area), I...
XLM is looking bullish 🔥:
- Double Bottom
- Cup with Handle ☕️ (and a bullish flag)
- MACD crosses signal line 📡
- XLM beating 50day SMA resistance
I think it'll go to ~$0.35 📈
It also depends on how BTC is doing(see my attached idea)
Stellar Lumens surged by a strong 12% today as it surges to $0.25.
The push higher allowed XLM to climb above the 20-day MA and break a long-term falling trend line.
Against Bitcoin, XLM also pushed higher to 774 SAT and is back above the 20-day MA for the first time since May.
XLM surged a strong 12% today after rebounding from support at $0.2 earlier...