The price is falling into the major support line. If it's strong enough, it will be bouncing right around 0.156 zone and break the downtrend line B-D. We can then observe continue of major bullish market and price hitting 0.234 at least. Share your thoughts!
The price bounced from the support zone. RSI confirmed the price reversal. If the price breaks the local downtrend line, it will be a bullish signal in the direction of the main bullish trend.
Here is an example of a possible long trade.
This post does not provide financial advice. It is for educational purposes only! You can use the...
XLM seems forming big and small descending triangles.
If XLM will be at 21 cent tomorrow then uptrend.
Otherwise pirce below 19 will result to crush till 10 cent and further lower till end of December.
XLMUSD had a bearish triangle breakout followed by the support loss @ .19 . Another triangle imminent within the next three days . Momentum indicator shows a slowdown which correlates with the closing triangle. The latest dip creates a Bearish Wedge . I'm not personally losing hope just yet, but indicators tell me to be careful.
This chart is XLM related and it should point out the buy/sell interest. (Classic market cycle)
It is very simple ...
At the beggining when the price went sideways (2016-2017) there were no sellers and Interest increased
It was followed by massive pump where most sellers appeared and took their profits.
The sell interest increased massively and buy...
Market bought first position at .1888
Additional buys below marked (green). TP .232 (red)
Capturing 22% move if low is in. If all orders fill - potential for 40% roi. Short term trade only. This is in addition to longer term swing trade. Stopping out of short term trade if pennant lows fail to hold (discretionary stop)
(XLM) is the native cryptocurrency for Stellar, an open source blockchain payment system. The purpose of Stellar is to connect financial institutions via the blockchain and provide cheap transactions in developing markets.
-XLM has Awoken with XRP.
-Buy and Hold Idea
-Looking For a Retracement Before Entry!
💠Keep Contemplating Crypto!
💠Check Out The Crypto...
After the succesfull breakout of inverted Head & Shoulders pattern on Daily chart as seen below
and 40% run up, I´ve decided to zoom out to see the possible setup for Weekly chart and it shows a opportunity for
300% gains with R:R 16 !
XLM is reaching it previous high as well as linear downtrend line resistance zone. If it can break it then...
Hey friends, hope you are well and welcome to the new update on Stellar coin.
Another bounce from the support of wedge:
As in my previous post we have seen that on weekly chart, the priceline of XLM coin was getting bounced from the support of a rising wedge and had a strong resistance of 100 simple moving average.
Now the price action of Lumens is again moving...
Another long shot trade but if $XRP can make it...this one might as well. I'm not entirely convinced of buying it but the technical signal is valid and supports a steady climb going forward. Invalidation is not far so you can risk very small amounts and aim to make a home run trade by 1st half of 2022.