I'll cut to the chase and say that I am bullish for Stellar in the short term.
Reason #1: It is my belief that Stellar found it's bottom and the recent bullish move that followed Bitcoin has only strengthened my opinion on this matter-
Reason #2: Looking at the charts we can see that this is a classic falling wedge formation....
Potential H&S forming on XLM/BTC.
The next day should tell us what we need to know and whether a reversal of the bearish trend will happen.
With BTC gaining a lot in the last few days it has made trading tough and a lot will depend on BTC performance but if we can break through that neckline and climb to 1500 sats then we may see a quick climb.
Forget about RSI and MACD and Bollinger Bands. What is the product? What does it symbolize?
Bitcoin will continue to grow, look at the steady sustainable growth when delete November 2017 bullrun from the equation.
If you are not buying at these prices I feel there will be a lot of regret in the future. We may go back to 5k-5400 range in the coming weeks but the...
First TA since my ban was lifted yesterday! (Formally known as TragicShitCannon.
Cup & Handle confirmed on the Daily which we have now broken. Short term future looks good for Stellar.
Money 20/20 Could be significant, possible dump after...
Hi again, I really didn't expect such a dramatic fall in BTC recently so my prediction of buying XLM at 0.195 ended up being wrong For that I apologise.
What I expect from here is BTC to fall a little further over the coming days and weeks and with it the rest of the cryptosphere. 0.08c is a strong support for Stellar but not a lot in between unfortunately....
As I've mentioned in my last TA, my buy area is in the .20-.21. I actually already have buys set at .195 in case they are triggered but I'm not sure if we'll dip below .20.
RSI is oversold on the hourly. BTC continues to fall which is bringing the XLM price down with it. A strong performance by Stellar means that XLMBTC continues to impress although there has...
Based on RSI and MACD, plus BTC recent movements I will be waiting until a drop into the 4000-4200 range before entering a long with Stellar.
I will be looking to buy back in at 0.20-0.21 USD which would mean a fall within this range (unless BTC breaks upwards which I consider unlikely).
I will update this chart regularly.
This is not trading advice, just my...
I have closed my previous trade
at 4140. RSI on the hourly plus a look at previous consolodation period was my reasoning behind this. If you continue to short XLM it may make sense but I am just making this update to show what I am doing. Do you agree or disagree?...
XLM on the daily looks a little bearish now.
RSI starting to drop, MACD momentum is evening out and I expect a crossing over in the few days. The first red candle has appeared since October 1st.
Unless we see a big rally I can see us slipping further down as outlined in my last analysis.
RSI suggests XLM was overbought. I have entered a shirt at 4400 and I expect to close at the 4100 mark where we may see a short revival.
Targets are as follows:
From 3800-3900 I will be entering a long again.
Disclaimer: This is not trading advice, just what I plan on doing.
The 4100 is proving a tough resistance to crack. I expect to see us falling back before a retest of the 4100 area. A bounce off this again would confirm a triple top for me and I would take this opportunity to sell. Buy in the 3800-3900 range and below (if possible).
In my previous TA I suggested a strategy of buying below 3600. This would have resulted in very nice profits in the short term although long term I am still looking at 4100 as the next point of strong resistance. Bitcoin pushing through 6500 would be very bullish for Stellar, we would most likely bounce of first resistance at 3900 before pushing past to 4100. At...
Quick simple chart for you here. Overall news has been great for Stellar and it seems as though XLM is great for a long term hold. Indicators suggest we may fall a little more although I would be very wary about shorting. Personally I believe the smart money would be buying once this dip is over and holding until the 4100 mark.