XLM is probably close to its bottom in 3D chart.
3D 50MA resistance has turned to support.
1D 200MA retesting going on after Golden cross (50/200)
1W correction is near its end. Its momentum is turning up again.
Hold your seats...
Not Financial Advice. Do your own research.
XLM Stellar Updates
While the arrival of the first physical replication Bitcoin ETF in the United States appears imminent, an event that would completely revolutionize the vision and accessibility of the crypto sphere, by investors who do not have the time and/or desire to invest through a wallet, BTC comes to the all-important level of $ 55,000, previously...
We are in the middle of summer.
Blistering heat and vacation cravings have historically never been an exciting mix for the stock markets.
Low volumes, profit-taking, almost all economic sectors in "pause" before the autumn rally (apart from the tourism and oil sectors, even with the covid, there was a slight recovery this year).
Apart from the anomalous...
Currently we're bottoming out IMO.
This would make a pretty CUP & HANDLE pattern.
With a retrace on it's 50WMA and finding support.
Bullish Divergence on MACD and RSI on this timeframe making it a possible move to the upside.
If the pattern we're talking about is actually the CUP & HANDLE pattern and we break out I'll see a target of ~€13,6.
If i my count is ok, in the history of this pair, there are many cases of fifth extended wave. So, considering that the third wave is not so exagerated and considering that it finishes below the precedent impulse, i expect an extended fifth wave. Moreover, the price is tesiting a support, as you can see in my chart. Let's see that!
When the price of XLM breaks through ~0.45 "high-volume-bullish" there is a chance it will hit prices higher than ~0.6 up to ~+0.7
in the "next" few days we will get the " confirmation " for the price to hit expected price around 17th of this month
further more analyzes are required shortly
I already had this line drawn on my charts a while ago.
It stays interesting to keep a look at this one.
Currently finding support again and possible breakout to the upside from the current structure we're in.
Not financial advise, do your own research. And GL trading.
Hi guys! We can see XLM has been stagned for the past few days, but that just how XLM moves: stagnates for a month/month and a half and then comes a big bull run.
Technical analysis and fundamentals seems to be in the right direction for XLM! Great project for a long term investment.
What do you guys think?
It seems that Stellar is trading inside this triangle pattern. In my opinion be finally passed the correction of bitcoin. And because of the correlation to the performance of the altcoins to btc, I think it will rather breakout to the upside. Cheers ✌️💫🚀