XLM- As stated in previous analysis XLM is and was a strong buy at .23-.25c Reasoning is that the chart is very clear and clean to me, after 5 waves up in the primary cycle XLM completed a near perfect ABC correction inside of a falling wedge pattern. A falling wedge pattern is very bullish pattern b c it show bearish selling exhaustion , meaning bears getting...
In this video I explain these last few waves since calling the bottom on the 22nd of June. We still need to see certain levels broken along the way to really confirm this move. If this is really Wave 3 then I expect it to get sharper and more impulsive looking as we recover back to the highs in the start of Wave D. So far everything seems to be moving along...
Xlm has a very well defined price structure with key levels which I’ve highlighted. Given these clearly defined, important levels it makes it very easy to plan a profitable trading idea. Fundamentally Xlm is solid IMO but I will not go into that as the technicals speak plenty. Looking at the chart we see we are clearly already a long ways from the highs and have...
Looks like XLM wants .33c put this alert out in my group yesterday
The downtrend may continue to the 1.13 area. A break of the support in the 0.27 area will confirm the trend. If we look at the reaction of altcoins during the last rise in bitcoin, we will see that they grew weakly and are ahead of bitcoin in the current decline: s3.tradingview.com An additional signal in favor of weakening altcoins.
In this follow up video I explain the aftermath of what happened last night with XLM and Bitcoin. In this inflationary environment even corrections can look impulsive but the dips can be deep percentage wise. Let's not forget the bigger picture, we are in a bull market correction that is expanding to the upside due to these reasons. This is just the...
# Analysis on the daily chart, in the style of the price channel, RSI and Fibonacci. # Inside a bearish price channel. #RSI if my sale is satisfied and my purchase is loaded. ------------ ==Waiting for the green trend to cross over RSI, and it becomes bullish. == Exceeding the price channel (black) becomes bullish. ==Targets: 1)- 0.38 Fibonacci = 0.42688 2)...
Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XLMUSD 1W Chart) If the price holds above the 0.23438790-0.29261600 range, we expect the uptrend to continue. (1D chart) We need to see if we can find support at the 0.20794233-0.26657249 zone...
In this video I detail a what I believe is a Type-1 Weak Wave C. I had to go back and look at Waves 1 and 2 properly in order to make this change in the view. This is not an easy pattern to identify but I will lay it out as best as I can. I do not expect XLM to go much lower but we need to see confirmation in the form of a bounce around this area. I...
In this video I go over what has been happening to XLM in the last few hours. As I have been pointing out over the last several updates is that we had to make a new low before XLM can move higher! I believe we are in the very early stages of a new uptrend. Due to the the nature of Wave 5 of Wave C and how weak it was, we can expect a big bounce from here! ...
HI dear friends, hope you are well and welcome to the new update on Stellar (XLM). Previously we have seen that the price action of Stellar formed a bullish Shark on the 4-day time frame chart and still moving in the potential reversal zone. Now at the same time on the 2-week time frame chart, the price action of XLM has formed a big bullish Cypher pattern....
As you see here I am using the Bollinger Bands along with the Fibonacci Retracement tool, the Pink highlighted area indicates a loss in bearish momentum at the optimal time. Which is right at the lower Bollinger Band and touching the resistance line, this is a strong indication of a Bull reversal. Let's see if this plays out as we move through the night into the...
With bitcoin looking close to the bottom and many alts showing further downside targets that are not too far off, this seems like a likely bottom scenario for XLM/USD.
Here is a quick update on what we can expect in the short term for XLM as we head towards the buying area of .27cents or lower. Not much has changed apart from the waves which have made it clearer that this is a Wave ii and not the alternative scenario. Please see related ideas linked below. Remember to use Disciplined Money Management Principles to ensure...