XLM - Stellar has created an inverse head and shoulders with moving averages coming at intersecting point soon to reverse to the upside. This has been one of the few coins that havent performed strongly yet in the rise of Bitcoins price. Technical Analysis gives us a target to around $0.20 with possible scenario of over performance.
The time frame for this trade...
XLM is looking very good here. Impressive volume, nice consolidation zone. Been ranging for the last month. Local support marked in blue, and current resistance marked in orange. 2320 has been battered many times.
Very good FA coming up which is the main reason why I am in this trade. XLM will be attending @money2020 conference on March 19 (11 days away).
Buy Price: Green Zone
TP: Blue Zone
Support: Orange Line
Resistance: Purple Line
SL: Red Zone (I don't recommend to sell in loss.)
Invest Suggestion: 20 Percent
Profit Expectations: 10 to 50%
Triangle reversal pattern in XLM! All techinicalls are pretty good!
Excellent news on it ( Using blockchain technology and the Stellar protocol, IBM Blockchain World...
XLM (STELLER) In Consolidation sitting on monthly support , looking to make a move and break outup from the 2k-2150k (satoshi) range,
Into a rally up to previous lower high's. If validated we could see a nice run towards the 3k-4k mark with a top of 4800/4900 HTF
(HIGHER TIME FRAME) looking at the 1M - 2W CHARTS, taking a look at LTF (LOWER TIME FRAME) SHORT TERM...
we think XLM is bullish for now and we hope to we breaks out and see high targets also maybe we can see news like coinbase will list XLM which will take us to this level plus we see double bottom but we waiting also the break out to confirm the patterns
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot -7.44%...
In Daily Chart XLMBTC Following symmetrical triangle pattern
RSI is Making divergence.
Stochastic also following RSI.
Macd Has Already made a Cross.
You can Buy Now Or wait for Confirmation
That will be After Break out, You can put
Target As per the Height of symmetrical triangle pattern.
Note: This is only for Educational Purpose this is not an Investment...
In this chart you can see XLM is into a bull penant which is ready for breakout.
Best entrypoint is 3650-3690
9 - Xblockchain summit
22 - IBM Blockchain World Wire
23 - Money 20/20 USA