Love stellar myself.. but might drop some more
but im already excited about the next market cycle
will start accumulating a lot when it drops further :)
Considering the change in direction across the market, has XLM broken its downward trend line and begun its upward climb? Time will tell as we approach the seemingly strong .470 resistance line.
One can see two patterns: an inverted s - h - s formation (red) and also a quasi symmetrical triangle.
The price seems to break the upper limit of this triangle which would be the neckline of the shs-formation.
As the momentum for XLM is currently strong an upside movement is probable; more than a rebound to the bottom of the triangle.
Even after this breakout...
An uptrend formed few days ago it can drive the price to breakout the down one all we need to take our chance at that burble point to know flying or drawing
GOOD TRADES
Since stellar is mostly traded in KRW, so chances are, KRW decides the trend. Here, we see that stellar has tested the resistance line, and a big increase in volume. We have quite a big momentum, and I expect stellar to break out of the current trend, untill it hits strong resistance at 0.52. MACD has already crossed over, but is not positive yet. I wouldn't call...
Stellar Lumens, along with Litecoin, has broken out of its consolidation phase. It is currently facing resistance at the central moving average of the KRI at $0.43, which is a level we have called out here to the penny. If we retrace, we'll see support from $0.40, the upper bound of the range, then $0.35, the lower bound of the range. If we can best the $0.43...
From the 50,000 ft view, you can observe the general uptrend and the general downtrend of Stellar (XLM).
We can observe where XLM tested the floor at $0.31 and is nearing it's next ceiling at $0.41. I'm predicting that if XLM breaks through to $0.425-0.44 we will see a continued rally to the next support level at $0.55 where the ceiling will be tested again and...
BINANCE:XLMBTC / BITTREX:XLMUSD Is about to breakout from the pink consolidation triangle. Could see some resistance around 0.45 and 0.60. Lots of volume coming in on the 5-minute chart (bottom view) explains the movement today. I am Long. This is my personal opinion and not financial advice.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
In the past few days, XLM was trading in a range-bouned. The support of the range is $0.30, whereas, the resistance is at $0.40. Just above $0.40 level, XLM will...
