Lumen, made a great run up in the past weeks/month. Touched the top of the channel, expecting to calm down for now. Why? Let's see.
It's dropped out of the bullish RSI trend, it made a negative cross on the MACD (while this is turning up for now and RSI also), volume going down, finished 3th Elliott Wave, expecting to retrace to leg 4 before we'll head upwards at...
Good day traders,
I'm no expert and I usually don't forecast patterns, but this time I will.
XLM recently broke out of the downtrend, started an uptrend and quickly dipped back.
If it can regain momentum and reenter its uptrend $1 wouldn't be impossible.
If it doesn't manage to, it could finish the head and shoulders (see chart).
XLM currently sits on an...
Hi friends! Welcome to this update analysis on Stellar! Looking at the four hour chart, we can see that XLM has exploded higher, after breaking out above the downtrend channel (blue dots.) If you recall from my last post, I said "we can see that XLM remains above the falling downtrend channel, as it tests substantial overhead resistance. You can see that several...
Stellar Lumens is the only altcoin on my list to gain traction today, shooting past the central moving average of the KRI, only to find resistance near a Fibonacci level at $0.68. We have a consolidation level at $0.66, which XLM is likely to test in the near future. After that, the psychological and technical level of $0.75 should be thought of as a profit...
Seems like its coming out from the correction downward trend, MACD at 1 day candle looking good, crossing over to change to uptrend, volume is looking good, if it breaks and keeps over 0.56$ next stop will be $0.63 and $0.7. crypto market in general has not become bullish trend yet if the whole market drops, XLM could go to 0.33$ to form a double bottom structure,...
I personally think XLM will continue its upward trend but continue to monitor till it completes triangle. I personaly think it wont go below $.40 do to the fact it did a lot of accumulation at the $.30 range and a bit of the $.40 range. It will reach $.70. This is a good one for a quick flip . Any input guys??
The green line represents long term support. The red lines represent resistance coming off the peak. XLM continues to break through these resistances.
Additionally, if you look at the places of significant price action, you can see a curved bowl developing....
Seems like its coming out from the correction downward trend, MACD at 1 day candle looking good, crosing over to change to uptrend,volume is looking good, if it breaks and keeps over 0.56$ next stop will be $0.63 and $0.7 there is a change that drop to 0.3$ if the whole market dumps, Not a prediction, just to keep track of it and see where we at, things can change...
Hello traders,
Bear in mind that this is my first published idea. I'm just trying to get around tradingview. Some advice would be greatly appreciated!
XLM is looking pretty good on the short term. After the market went through a huge correction (that might still be ungoing time will tell) we can now see a form of consolidation for the past days around the crypto...
Down trend-line is getting tight and let's see if it possible to let the up leads 0.5 price if we got a 4 HR closed candle we will fly with lumen next few hours and vs is worse draw so I'll update it next few hours to see and activate a trade or not
GOOD TRADE GIANT PAIRS
