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XLM

✴️ Stellar | Endless OpportunitiesI wanted to write about XLM (Stellar)... It's been a while. This is a better example of endless opportunities. This one is essentially still at the bottom. Let's keep it ultra simple shall we? The RSI is super strong yet XLMUSDT is near its lowest price in years. Normally, you get a strong RSI when everything is going up and growing. When things start crashing, you get the weak/oversold RSI signal. Having a strong RSI at bottom prices signals that the bulls are ready to enter/jump in with force. The chart agrees... We have a cup bottom pattern and so many green candles tells us sellers are no more. Everything points higher. If it doesn't go higher, as a trader you are still looking at a setup where you have very low risk with a very high potential for reward. The risk can be limited to 10%-20%. The upwards potential can be 50%, 90%, 200% or even more long-term... We are only getting started. I'll show you more. Namaste.
Long
by AlanSantana
1
The formed divergence can only cause a pullback in the downtrendXLM had good price increase over the past week. In the previous analysis, we had given the possibility of a reversal according to the double bottom pattern formed, which was confirmed exactly by the breaking of the resistance of the $0.0725 range, and the pullback to this support caused the price to grow to a higher resistance in the $0.075 range. One of the important resistances is considered in the range of $0.077. This resistance overlaps with the downtrend line, and its break could change the trend in the 4-hour time frame. Now the XLM trend is in the 4-hour range. On the daily time frame, the RSI indicator needs to return above the 60 level for a trend reversal. Otherwise, the formed divergence can only cause a pullback in the downward trend. The next resistance levels are considered in case of increasing strength of buyers at the prices of 0.082 and 0.090 dollars.
by MonoCoinSignal
1
XLMUSD Looks Mighty InterestingThis one has broke out of the defending wedge on the daily timeframe, backtested, and is starting to push back up. I’m looking at $0.11 as a strong resistance in the short-term. I also see it may be creating the right shoulder of an inverse h&s now. Zooming out on this chart and you can see that XLM has almost reached the apex of a massive descending wedge. This one could rocket back up once it starts moving. What do you think? Not financial advice.
COINBASE:XLMUSD
by edsonmarsh
2
Accumulating XLM & DOT -Fractals show PROFITSHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 If I haven't already told you, Happy New Year 🥂 I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low or in accumulation zones and altcoins that are known to pump and dump independently of the overall market trend ( bearish or bullish ). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XLMUSDT / Stellar and DOTUSDT / Polkadot . Incase you missed yesterdays gems, XRP and LTC , find the analysis here : 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
28
XRP vs XLM macro breakout?Who is gonna be stronger?💪 This is comparison XRPUSDT / XLMUSDT , so if the: *price is going up, it means XRP is stronger than XLM *price is going down, it means XRP is weaker than XLM My last analysis (11/08/2022) of this pair anticipated the Head and Shoulders but the pattern has not been actually triggered as the neckline has not been broken and the formation was invalidated later. Last months Ripple is much stronger than Stellar and the chart actually drawn huge inverted Head and Shoulders with Neckline being at the previous chart high @ 4.67. Now XRP is trying to get above the Neckline and stay there to confirm the breakout. IF that really happens, we could see run up to 8.62 meaning that 1 XRP would be worth 8.62 XLM, while now it's just 4.67 XLM. In other words Ripple would gain 85% against Stellar no matter what the USD value does. All the uptrendlines could act as magnets attracting and repeling the price. Invalidated below right shoulder @ 2.67. To sum it up, I think that in the following months, Ripple could be stronger than Stellar with some pullbacks along the way. What's your take? Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
4
#Stellar Firm from $0.07 as XLM Trading Volumes SwellPast Performance of Stellar Stellar prices are up five percent from December lows. Per the XLMUSDT price action, buyers appear to be taking charge after steep losses last year. XLM plunged 77 percent from January 2022, dropping as low as $0.070 by the end year. However, things are beginning to look up for buyers following gains on January 2. #Stellar Technical Analysis Overall, XLM prices are bearish from a top-down preview. The primary support is at $0.07, flashing with December 2022 lows. On the other hand, primary resistance is at $0.077, coinciding with December 19 highs. Following the gains of January 2, aggressive traders can look to double down their positions, targeting the short-term resistance level. It is worth noting that prices are higher with rising trading volumes, a positive development. Further gains above $0.077 and middle BB may pump XLM towards December 16 highs at $0.082 as the coin bottoms up. What to Expect from #XLM? There are higher highs relative to the lower BB though the downtrend remains. Going forward, sellers remain in control, and XLM must clear the above immediate liquidation lines for buyers to establish themselves. Resistance level to watch out for: $0.077 Support level to watch out for: $0.070 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
XLM - Probability of retesting the support levelXLM has been in a gentle downward trend over the past week, and the price has entered a range that has raised the possibility of a complete breakdown of the monthly time frame support. The downtrend line that was considered on the chart has not yet been broken and the price is far away from the downtrend line. A resistance is considered in the range of $0.0777, which is the ceiling range of the last bearish wave in the 4-hour timeframe. On the other hand, a double bottom pattern is formed in the range of $0.0710, which the break of the $0.0725 resistance can confirm this pattern. Of course, if a bullish candle is formed above this area. In this case, we can expect for the next week that the buyers will make an attempt to return the price to the specified dynamic resistances. After a possible reaction to this resistance, there is a possibility of a retest of the support level and the formation of a double bottom pattern, which is confirmed by the failure of the resistance pattern. In this case, we can consider higher targets in the ranges of 0.082 and 0.090 dollars.
by MonoCoinSignal
3
XLM - Technical review and analysisXLM had quite a range trend last week. Still, due to the selling pressure over the currency two weeks ago, which neutralized the reversal scenarios, the previous floor in the $0.080 range was completely broken, and the area is now facing resistance. It has become serious and important. Also, the dynamic resistance that we considered from the past on the chart overlaps with the static resistance, and we cannot expect to break these levels, at least in the first encounter. The buyer's lack of willingness and power in this currency has caused its price to return to very sensitive areas in the weekly time frame. The current support being broken is exactly at the range where a strong upward move from this level was seen in 2020. But the second support is within the scope of changing the price trend from downward to upward in 2020. Therefore, the second range has a very high power to reverse the trend and a positive swing in the short term.
by MonoCoinSignal
1