There is a strong consolidation on the XLM coin. As a rule, before a strong movement. There is a level of $0.11. Below they are not allowed - this speaks of strength. In case of a positive recovery of the general market and fixing the price above the level of the descending wedge that indicated, consider opening a long position. But not at once. Because at such...
In this video I cover Bitcoin and XLM and talk about what I see happening over the coming months.
I believe we will see a relief rally sooner rather than later in these markets.
I have adjusted the count for Bitcoin due to the waves observed that the current lows.
Each wave that occurs in the markets gives off clues to the overall count which is why I've been...
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price is forming a triangle like structure, if price manages to break above the triangle and if price holds above the structure, I expect the price to move higher towards next resistance. if price breaks below the support area the the setup will be invalidated
*The content on this analysis is subject to change at any time without...
On the above 4-day chart is a ridiculous prediction. Nonetheless, the foundation is for lack for better word is, solid.
Price action has corrected almost 90% since the month of May 2021. A number of reasons now exist to be bullish. Those are:
1) The ‘incredible buy’ signal. Definitely not to be ignored on this time frame.
2) Price action now finds itself on the...
Stellar has poised itself like in the past above this diagonal green line
Comparable points in blue
Price may act as a falling wedge
I have seen this falling wedge on other charts for example EOS. Link to this EOS chart below
This chart speaks for itself.
We first look at the movements of XLM in the 2017 Bull Run. 1) A massive impulse up, 2) an 88% correction, 3) a second impulse up to ATHs.
Presently, we have seen 1) A massive impulse up, 2) an 88% correction, and we are waiting on what comes next.
One thing to note - the 88% correction took approximately 3x longer this time...
XLM is one of those assets that has just been beaten down again and again with no real push off of the lows. It's becoming too good of an opportunity for price appreciation and I believe it's primed for a breakout. Beyond some of the technicals I'm showing here there are also numerous fundamental reasons I think Stellar is overdue for some price appreciation. ...
Stellar (XLM) is one of my first investments, I bought them since they started partnership with IBM in 2017. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4,5 and 6 very soon, that could be year(s). I will sell most of my capital on targets 2,3 and 4. Small portion will be sold on Target 1,5 and 6.
Entry Zone: 0.08 –...
Hey friends hope you are well, and welcome to the new update on Stellar coin.
Breaks down significant support:
On a weekly time frame XLM is breaking down a very significant support of $0.16. This $0.16 level has been working as strong support and resistance since Mar 2018. Now the next major
support will be at $0.12.
Broke down channel and H & S:
xlm formed a three drive on decision point and this three drive make a divergence on rsi. so in my opinion this crypto is ready for a long position.
what do you think about this chart?
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Good news. XLM has been consolidating for some time now, and it has shown a slow but steady progressive move north. If we continue the consolidation along the blue line, we should see a nice break out in the next week or 2. It could be sooner. XLM and its big brother XRP have are so coiled up, the spring is going to pop any day now!!!! Because our consolidation...