Welcome, friends, to this update analysis on Stellar!
Wow, was that head and shoulders projection accurate or what?! I don't care what anyone has to say, masterful technical analysis is, hands down, the most valuable tool in all of investing. Technical analysis is often butchered by novices, but when it's perfected, it is undeniably accurate.
Now that we know...
The graph above speaks for itself and is how I see it possibly performing in the next few weeks. This coin has plenty for potential and has earned respect and good press which has helped it gain new and sustain heights over the past two weeks. The future is bright but only time and public sentiment will tell if it is given a chance to live up to it potential.This...
Hello friends! Let's take a look at this update analysis on Stellar! Looking at the four hour XLM chart, we can see that a bounce occurred off of the pink support level that I drew on the previous analysis. You can see that a nice hammer was formed on the pink trendline, and price has rallied above the 50% retrace, and the 200 EMA (in purple,) but still remains...
After this morning pressure from BTC we have retraced to the .786 on the original chart but almost perfectly to the 50% FIB on the larger chart... We should consolidate around here, but if BTC decides to go down the extra leg of its pull back then there will be more pressure from above, if this is the case, I think it should hold its ground fairly well and if you...
3 HURDLES LUMENS NEED TO OVERCOME
1. A bounce off the MA(50) which is a good sign. But if current candle closes above 23.6 Fib levels, it's a stronger bounce.
2. End short term downtrend by breaking above the downtrend line.
3. If the price falls below the MA(50), it may fall back to $0.397.
XLM/ETH
**For educational purposes. If you think I've done...
Welcome friends and haters alike — to this spectacular analysis, brought to you by the often imitated, never duplicated, legendary wizard of the markets! Let's jump right in! Looking at the four hour XLM chart, you can see that an 18% drop has occurred since my bearish post from yesterday, in which I called for more downside. When will they ever learn?
If you...
New week new TAs... well almost a new week :). However, we are looking 1hour chart.
First, our target is 0.77$ on our way there we will face resistance in few spots. The first one is at 0.64 where we are at the moment, we need to break this if we will see more gains, the next one is at 0.71$ but if we can pass it we don't have resistance on our way from 0.71$ to...
After maintaining the $0.10 window between $0.58 and $0.68, XLM has broken down to test the bottom of this range. It will find support at the central moving average of the KRI at $0.55, but after that, readers should be wary of a vacuum zone to $0.43 or so. The upper bound of $0.68 corresponds to a Fibonacci Extension level and the upper bound of the KRI, so...
Hi friends! Welcome to this update analysis on Stellar! Looking at the four hour chart, you can see that XLM has fallen from the uptrend channel that we discussed in my last post. The bulls appeared to be gaining some steam, after forming a new uptrend channel, but at the moment, the bottom of the channel is being broken. We can see that the 50 EMA (in orange) was...
Tried to highlight the recent history of what happens right after a drastic dip, in respect to the longer trend. We see a lull in the price and volume combined followed by a price spike. I think the low rsi indicates some type of action is in the near future.
XLM is looking strong for week ahead and could break the resistance lines above, but only after a retrace to support at .53 This will give momentum to make the next step up...
Stellar is trading in a range-bound since five days. It's stuck between 38.2 and 50 percent Fibonacci retracements. The support of the range is $0.55, whereas, the resistance will be at $0.64.
Stellar sustained above the trendline.We believe that the trendline will hold the price. So, we recommend initiating long positions on any dips to the trendline which may...
