Stellar Lumens & Ripple (Co Relations)
What is Ripple (XRP) ??
XRP is an independent digital asset that is native to the XRP Ledger. With governance and fast transaction confirmations, XRP is said to be the most efficient settlement option for financial institutions and liquidity providers seeking global reach, accessibility, and fast settlement finality for...
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
Stellar Lumen broke out and found support above the ascending triangle it had been forming for several weeks against Bitcoin. Risk reward ratio on XLMBTC looks very promising but there does seem to be a tendency for Stellar Lumen to make crazy parabolic moves only to come back down. Definitely will need to look out for that. Overall though this should...
Priceline of Stellar Lumens / Bitcoin cryptocurrency has formed a bullish Crab and entered in potential reversal zone.
This PRZ area can be used as stop loss in case of complete candle stick closes below this area.
I have defined the targets using Fibonacci sequence:
Buy between: 0.00000717 to 0.00000667
Sell between: 0.00000755 to 0.00000849
We got a LONG signal on XLMBTC from SwingBot, but note this is a risky trade
Possible targets and stop loss are indicated on the chart
Check out how to use my trade signals in the link below
If you are interested in using SwingBot to create your own signals, send me a message for a free trial
If you like my posts, remember to hit like and to follow to my...
Stellar Lumens is in uptrend and probably going for higher local high.
Keep an eye on that bullish pattern, the idea is to enter on triangle support, set-up:
Entry range= 0.00000693 - 0.00000707
Take Profit= 0.00000732 | 0.00000762 | 0.00000806
Stop Loss= 0.00000668
Risk/Reward ratio= 1:1 | 1:1.94 | 1:3.31
Expected Profit= 4.57% | 8.86% | 15.14%
as I talk and post about BTC.D & Altcoins a lot past days/weeks look at this.
I was talking that BTC.D drop speeding up and every taxidriver and theirgrandmas are buying altcoins. Well most of them are panic selling right now !
Well because alts dropped "HARD" mostly 20% in single day as Whales which are 100-400% up took some tiny...
Here is the chart for Stellar (XLMBTC) fully mapped.
On it, you can find the different support and resistance levels based on Fibonacci proportions.
We can also find the main scenarios that I think can come true and they go as follow:
1) Straight up. More growth until the top of the channel in blue is hit.
2) Retrace. If prices move lover and "support"...
. There is a possibility of temporary retracement to suggested support line (0.0000075). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XLMBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Double bottom and the head and shoulders indicators are great indicators that give indications of the start of a bullish movement. With a couple months of accumulation , Oversold xlm will look to price correct . The first true resistance test will be at around 850 - 900 . Once broken then XLM is confirmed bullish!!!!
If this inverted head and shoulder pattern is valid, price action should climb to this price target seen here. However with the confluence of xlm haviong a golden cross on both the 1 day and 4hr charts it would probably reach this target even without a valid inverted head and shoulder pattern. just my hypotheticsl thoughts could be wrong so no financial advice.
XLM has already complete double bottom formation and possible start to gain momentum at spring to take NEW uptrend.
Dozen of indicators print 'buy' on weekly chart
ps check also my other charts
pps please sorry for ling mistakes, I make, I have way to old laptop and keyboard with lot of issues)
Stellar (XLMBTC) is looking better now as a strong bounce is taking place and good volume is starting to show up.
I can see the same signals we are seeing in most of the altcoins that are starting to move... Let's take another quick look at those:
1) Higher low (light blue).
2) Increasing volume.
3) Break above EMA10.
4) Strong RSI with MACD trending up.