We see that Stellar is having very hard time going over that resistance level area which coincides with upward parabolic curve completion. Strictly from TA perspective we would be expecting pull back down to 7.5 cent area unless Coinbase manages to get this thing off the ground in next day or two.
Stellar listed and pumped. In general their week chart look very promissing. It is just the beginning of swing up that should reach 3070 at least. If breakout resistance zone there, it will most probably form a good longterm uptrend.
Finally broke from the descending channel with volume reaching to break over EMA50 and start crossing ichi cloud.
MACD looking good since our entry from green zone(20% up), RSI doing a little pullback from overbought levels.
UCTS showing a buy signal.#XLM whats next?...
Breaking over EMA100 will push it to new local highs(EMA200?), while if its a red monday...
Since my last XLM post, we've had a substantial bounce. I called the breakdown towards 2000 once 3500 and then 2900 were lost. Then, I suggested that we had likely seen a bottom, since we had massive buying volume on the initial spike above 2300. I also said that it could take a while for us to see our true bounce, since the 2200 level may have needed to be tested...
Stellar Lumens, #XLM aka #STR, appears to be catching a bid here and breaking out of this extremely low volume sell off over the past 5 months, with today's and yesterday's session showing > 5x average daily volume.
Still early, but resistance is the 200 day at 3200 sats.
Sorry this video is so long, but I didn't feel like updating all of my charts right now. Also apologize for the noise - my laptop's fan was going crazy and I didn't feel like re-recording this (pretty tired). Hope it's helpful. Feedback is appreciated.
This is not financial advice. Just me rambling and talking about what I've been seeing in the market...
This is Stellar XLM !
I’ve seen this going down and down and down for weeks. A couple of weeks ago, we saw this nice bullish divergence on the EFI and the MACD-H indicators.
It was going up pretty healthy and ready for a rally, only to be hit by BTC , which was barting down.
As a result, alts were hugely red, and XLM was no exception. It gave back the gains, but...
XLM gave a green 1 according to Tom Demark count on the weekly chart. Stoch RSI is oversold on the weekly chart and MA7 level is broken. On the daily chart we have closed yesterday with a green 2 which is a clear buy signal. I expect a bullish breakout. First big resistance will be at weekly MA100 level which passes at: 2521. If it can break that level I expect...
This how u should waiting to make a buy or not buy.
Find support / Find Resistance / Find average movement zone and calculate % u could earn
Set ur alarm.
Make a test buy around support zone.
Set a stop loss -3% or keep power for a rebuy.
Keep an eye on BTC always.
don't blame yourself if u missed a buy, just wait for the next trade opportunity.
Patience...
We are in short term strong oversold conditions.
Good moment to buy with low risk.
Buy area somewhere around current low. 2140-50. I think we will reach it one more time. So dont hurry to buy.
some guy on twitter said lambos. no but honestly this thing is looking ready for some action. Just look at BTC recent action for the fractal information.
Nothing interesting here as Stellar is still in bear trend. On smaller 4H timeframe I can see consolidation channel with potential to go both sides. I'd recomend to stay away from XLM till it clearly show its direction.
Pattern: Channel Down on 1D.
Signal: Bearish (1) as long as it trades below 0.1000. Bullish (2) if it breaks above 0.1000.
Target: TP(1) = 0.05555, TP (2) = 0.12750.
Long time XLMBTC falling in falling wedge - reversal pattern.
Fundamental analisys
IBM plans to further expand its Stellar-based cross-border payment system, covering ‘a substantial portion of the world’. IBM has big plans for Blockchain World Wire, its Stellar-powered payment system that was launched in September. Jesse Lund, Head of Blockchain Solutions at...
