Stellar Lumens has been moving in a bearish trend since the summer of 2021, creating lower lows after periods of consolidation. Currently, the price is channeling in a horizontal range after breaking down from a descending triangle pattern early in 2022. The price now has once again arrived at the support level. For a bearish continuation, price needs to clearly...
xlm harmonic pattern target 0.2320 on 4h chart. Of course if btc lets. Note: this is just an amateur work for practice. Do not take it as a financial advice. Do your own research please.
Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Stellar Lumens (XLMUSD). Stellar Lumens price on a monthly chart moved past the recent resistance and looks to head higher. Fibonacci Retracement levels shown along with 200 SMA and RSI. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading...
Fundamental Analysis: Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology. The network’s native...
The last time XLM was this bullish it rallied 3,000% back in 2020 in roughly 365 days. If this were to hypothetically happen again, then we would reach roughly $7.00+ a coin. The stellar foundation is a major player in the crypto space and totally overlooked in my opinion. Read more about their project here: www.stellar.org #thedailyinvestor
XLM long term prediction. " Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network." (source: www.stellar.org)
XLM has broken upward from its bearish channel. EMA9 is converging on EMA50; crossover would be nice confirmation, but it's probably worth a long position at this stage already. Set tight stop loss because you never know what Putin will do next to spoil the party.
We still have 1 or 2 days. If the green candle manages to close above the orange resistance, historical resistance, and break the blue descending trendline that we have been carrying with us since May 2021, well, I'm positive for the future.
June 1st, 2023 is the 1:1 time extension from wave A. That means that around that date, we may be at a very good price to buy. It doesn't need to do a full extension, but harmonics usually like these things to line up in some relative fashion. This is why we use the fibonacci sequence. I've noted some relative buy zones in the green boxes. Laddering buys is...
Current outlook on XLM/USD pair using both static and dynamic SR trendlines. Reversal incoming??
Dynamic and static major support + falling wedge pattern. Downtrend is starting to squeeze…
Hi friends, hope you are well, and welcome to the new update on XLM. Falling wedge: On a daily time frame, XLM is bounced from the support of falling wedge pattern with bullish divergence. Broke out broadening wedge and a re-test: On a 4-hr time frame, Stellar broke out the resistance of a broadening wedge. Now the priceline is testing the resistance of...
Hi friends, hope you are well and welcome to the new update on XLM. Broadening wedge: On a 4-hr time frame,XLM has reached the resistance of broadening wedge: Falling wedge and bullish divergence: On a daily time frame, Stellar has bounced from the support of a falling wedge. There is also bullish divergence flashed, as the priceline is forming lower low...
Stellar is healthily bouncing off the trend line, which makes for a quick scalp in the 4 Hourly time frame.
Hello everyone! Waiting for Stellar to close above this level, which is 0.786 of the last impulse wave. Best of luck with your trades.
According to Elliot Wave Theory: The 5th wave, if the longest, typically travels 1.618 the distance of from the start of wave 1 thru the end of wave 3. That puts us around $18.00 for the top of this bull run. elliottwaveplus.com
XLM Stellar looks very attracting to me !! On the BTC pair Stellar has been basing for around 900 days and is now touching the significant 520 sat level where the price has been trading with a historically high volume. On balance volume has never given back the big surge that it has made during the last bull market. Stellar has been very quiet and working behind...
- Broke through crucial support and is consolidating below it. - No support up until $0.12 - EMA's curling away from each other, signaling more downward movement might be on the horizon