Hi, this is my new update for XLM. We have been in correction mode for 192 days and I think the bullrun for XLM is not done yet. Now we are in one of the most beautiful parallel channels in the history of cryptocurrencies and we have tested both trendlines multiple times. I expect we have one more push in XLM, that will give us more than 500% gains and I found the...
An analysis for XLMUSD using Gann and Fibonacci circle
The fib circle shows a clear passage through 2.618 following a previous rejection at this level (red arrow), this could lead to a breakout
The gann portrays the length of the bear and current bull run
Price is also sitting right above 0.618, which is established from the previous ATH
We still have some steam...
After a short spike above resistance, Stellar reversed and now is consolidating in a tight range.
However, the price action since the beginning of October is very constructive and bullish and I expect a new and sustained leg up to at least 0.6 by year's end.
A drop under 0.3 would negate this bullish outlook
XLM is one of those cryptocurrencies which are quiet but which are appreciated by influential lobbies in several countries, they cooperate with the biggest ones and develop very well, I think for a LONG time, it is one of the best investments
XLM/USDT is currently holding a long term support line in the uprising channel. It can drop with a wick to 0.26 and still be OK. However, breaking and closing below 0.26 is bearish.
In my view, now is a good time and price to start accumulate for targets above $2.
Also, remember that RSI is leading indicator. so watch for RSI break to be more confident.
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...
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...
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)
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
Stellar during its downtrend, within the fib wedge, can be seen to trend briefly along 0.618 fib circle line, then dump through the 0.618 fib wedge
Inversely during Stellar's current uptrend, a move upward can be seen through 0.618 of the Fibonacci wedge
Hence the relationship
Yesterday I said that 0.4 zone is a good place for bulls to buy XLMUSD, and after the coin reached that zone, reserved back up.
Not Stellar has broken above recent consolidation and a new leg up could be underway
If we have a daily close towards today's high we can expect 0.55-0.6 zone to be reached in the near future
Stellar Looking good for big move,
0.920 is critical so I'll expect to bounce back down then up to ATH at 1.11
Fibonacci is siting right on 1.11 and my measured move it's sitting right on the price.
I'm not financial adviser please do your own research before trading,trading is risky and you can lose your money.