Today I´m watching out XLM again with another trade possibility. This time long opportunity as its sitting around a support and forming bullish divergence on RSI and MACD with upcoming MACD bull cross on 1h chart.
Trade on your own risk
DISCLAIMER: This is not a financial advice ! Cryptocurrency trading...
After converging in section A, it fell.
However, it is converging again in section B.
When it spreads, you have to check if you can rise by exerting force.
Power is weak.
No matter how the price of BTC moves, we expect to see a big rise in the end.
At this point, what should be considered is whether to buy BTC or buy major coins.
hey guys. how is it going? you probably already know by now.
that I'm not a fan of huge text walls. it's a total waste of time.
we are only interested in real live trades and pnl at projectsyndicate.
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We are focused on full-time trading and running a small private group of professional...
Currently there is some bear div at the top of the previous pump on the hourly TFs so I am expecting a pullback. On the USD pairing, it looks near ready for a break out due to being near the apex of the falling wedge, additionally the stoch rsi on Monthly has crossed up. An area of confluence that I would look to long is .618 fib which coincides with the 50 MA....
Lets make it as simple as possible
XLM can bring a nice trade opportunity for breakout buyers.
Breakout of 750 could lead us to approx. 850-900 where I expect next resistance. (left side of screen/1D chart)
DISCLAIMER: This is not a financial advice ! Cryptocurrency trading involves substantial risk...
$XLM is one of the coins with a clean count. I will use it as a guideline to look for similar setups.
What's noticeable is the fact that there's bearish div on hourly timeframes so we'll range a bit now.
The second subwave of iii was simple so 4 will be complex.
#CRYPTO #XLM $STR #STELLAR #STELLARLUMENS
Stellar (XLM) Lumen
Technical and fundamental analysis overview of Stellar (XLM).
Stellar is a payment technology built upon the Ripple protocol, but it has changed a lot since its inception. Unlike Ripple, Stellar aims to work with developing markets instead of banking systems and other well-established financial institutes. The asset has quickly gained...
Interesting token in my opinion for swing trading due to popularity, large capitalization, good trading volume and other situations, I see accumulation in this zone and I expect a good upward movement with a broken triangle.
RSI 4h - oversold
MA's is crossing in 4h
We are in accumulation zone in D1 chart