We have strong signals coming out of this chart in favor of the bulls, let's look at those.
This is XLMBTC (Stellar) on the weekly timeframe; aka. Long-term.
First, notice the broken downtrend-line.
This trendline marked a bearish trend that lasted more than a year.
This bearish trend has been broken.
Second, we have a long-term higher low, since December...
- XLM is in a downtrend as you can see.
- It will most likely reach £0.025
- The first target where I will personally take some small profits is at the 4.618 level at $4 (£3.30) - 132 X RETURN
- MY second target would be around $30 (£24) - 960 x RETURN
- So if you was to invest £1,000 at £0.025 you could turn that into £132,000
- If you was to invest £1,000...
Here's an interesting setup for Stellar if it plays out. I don't expect this to work out given the headwinds all markets are seeing right now, but if stellar holds this line as support, it would potentially mean a big swing to the upside (7X back to the top). Invalidated if it breaks below.
Who is gonna be stronger?💪 This is comparison XRPUSDT/XLMUSDT, so if the:
*price is going up, it means XRP is stronger than XLM
*price is going down, it means XRP is weaker than XLM
Ripple is breaking up the yellow triangle which was formed by consolidation after the bullish impulse move, so together it created sort of bull flag and we are just breaking out of...
Hello my fellow cryptocurrency trader, let's look at Stellar today long-term.
First, let's review the past...
Stellar vs Tether, XLMUSDT, went through a very strong bull market from March 2020 to May 2021.
Through this date, XLMUSDT went to print a massive 2965% of growth.
That is from the March 2020 All-Time Low/bottom, to the May 2021 All-Time High.
Notice the blue down-trendline on this pair, XLMBTC.
We can see prices moving above this trendline this week, breaking a major downtrend.
We have a long-term higher low (since December 2020).
A very strong RSI (55-Weekly).
The MACD going bullish.
We can also appreciate prices moving above EMA10 and EMA50.
The blue square at the bottom is our support.
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The bottom looks like it's in. I can still see another leg down tho (C) wave shows another leg down to 0.05 area. This scenario is not likely to come, but never say never.
How I would trade this: Buying now and adding on the way down if it goes. We call this...
This chart speaks for itself.
We first look at the movements of XLM in the 2017 Bull Run. 1) A massive impulse up, 2) an 88% correction, 3) a second impulse up to ATHs.
Presently, we have seen 1) A massive impulse up, 2) an 88% correction, and we are waiting on what comes next.
One thing to note - the 88% correction took approximately 3x longer this time...
We can view two periods of upward movement in the first bull market
This can be correlated to the current market state of a retreat from the 'first up move'
Following this up move as per the prior bull run another bull run comes 'second up move'
We just haven't seen enough growth as of yet to call the bull run completely over
Stellar is in a Symmetrical Triangle which means the Price can Do a Bullish and a Bearish Movement Depending on the Break out which is gonna Happen Pretty soon.If the Price does a Bullish Break out , We can Expect the Price to Reach 0.1530$ But If the Bearish Break out Happens, The Expected Price after Completing The Movement is around 0.1250$.
-XLM is in a...
on the weelky timeframe we can notice Stellar (XLM) is in a giant falling wedge pattern. This is usually a pattern leading to an upside move.
We can't ignore the red path as bitcoin and macro are not at their best at the moment. Bitcoin still on the edge of further downside.
However, if things can get better for crypto, we can imagine (and pray)...
As shown on chart from the 13th of March 2020 to 18th of May 2021 Stellar as the crypto market did experienced a Impulsive wave cycle to the upside or otherwise a bull run, of since we then have experienced a drawn out correction quite substantial in price and time indicative that the previous long term cycle is being corrected in a possible larger Wave 2...
Hi friends, and welcome to the new update on Stellar.
Big wedge and key support:
On a weekly time frame, XLM has bounced from the key support of $0.12 and the support of a big falling wedge pattern. This move can also be seen on a monthly time frame.
After breaking out this wedge the next move can be up to $0.75, which is the top of this wedge. Before this...
XLM/USD current price $0.1467 cents, Short term bullish, Possible long trade.
Bullish divergence on RSI Daily chart. Dates Jan 22, 2022, May 12, 2022
XLM holding $0.12 cents with double bottom on the daily confirmed.
Next possible support price is $0.14 cents.
Stop loss at $0.1390 cents
Long trade possibility, buy zone $0.14 cents to $0.15 cents.