XLM
$XLMUSDT Elliott Wave Count - It may play this way $XLM - $BTC$XLMUSDT
Elliott Wave Count - I think It may play this way , so lets see
The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP (www.coingecko.com) and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized.
Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially.
Distributed Exchange
Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency.
For instance, if Joe wanted to send USD to Mary using her EUR, an offer is submitted to the distributed exchange selling USD for EUR. This submitted offer forms is known as an order book. The network will use the order book to find the best exchange rate for the transaction in-order to minimize the fee paid by a user.
This multi-currency transaction is possible because of "Anchors". Anchors are trusted entities that hold people’s deposits and can issue credit. In essence, Anchors serves as the bridge between different currencies and the Stellar network.
Lumens (XLM)
Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost.
In-order to prevent DoS attacks (aka spams) that would inevitably occur on the Stellar network, a small fee of 0.00001 XLM is associated with every transaction that occurs on the network. This fee is small enough so it does not significantly affect the cost of transaction, but large enough so it dissuades bad actors from spamming the network.
Prior to Protocol 12, Stellar had a built-in inflation mechanism conceived to allow account holders to collectively direct inflation-generated lumens toward projects built on Stellar.
As the network evolved and grew, it became increasingly clear that inflation wasn’t working as intended — account holders either didn’t set their inflation destination or joined inflation pools to claim the inflation themselves, and the operational costs associated with inflation payments continued to rise — and so a protocol change to disable inflation was proposed, implemented, voted on by validators, and ultimately adopted as part of a network upgrade.
The inflation operation is now deprecated.
XLMBTC Technical Analysis⏳ Spot
💎 XLMBTC is moving along the descending chancel. At the support zone we expect rejection. After the breakout we expect the price to go higher and reaches TPs. The Green candles show that the Bulls are pushing the price higher
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.00000570
☕️ TP1 0.00000720
🍺 TP2 0.00000850
🍻 TP3 0.00001000
🍾 TP4 ___________
🍷 TP5 ___________
🍸 TP6 ___________
🍹 TP7 ___________
🎁 TP8 ___________
🚫 SL 0.00000535
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
XLM Bullish ChannelXLM appears to be in a bullish channel. I wouldn't be surprised if it reached between $0.42 and $0.53 by the end of the year. Its utility for transfer keeps it actively trading. I've been happy to make money using it to transfer other cryptos between exchanges, including fees, because of its upward momentum. Recently announced partnerships are also creating upwards pressure.
XLM broke out long term resistance#XLMUSDT
$XLM broke out long term descending resistance line, also you can see price broke out from descending parallel channel in 4h time frame, which can be a flag for more uptrend. resistances are around $0.4 and $0.5 that will be touch soon. and long term target can be around $0.9.
XLM - bullish under every angle !!XLM is bullish under every angle I look at it !!
Most bullish is the BTC pair - long 2 year consolidation.
Bullish on XRP pair - see my previous post on XLM XRP ratio.
Bullsh on USD pair with a big beautiful inverse Cup & Handle formation.
We are just about to shoot up to the neckline of the inverse C&H where the THIN ZONE on a price by volume perspective starts !!!
8th Series of Altcoin Buying Areas!Hi followers and other TradingView users,
Lately, I have shared some altcoin buying opportunities, TEZOS & STELLAR . It reminds me that I have quite a successful series here in TradingView ;)
I think everyone should know the rules already but just in case I will repeat it for my new followers:
1) Comment THREE of your favorite altcoin, not ten not five, THREE!
2) Name only the ticker - Bitcoin is incorrect, correct is BTC ;)
3) Hit the LIKE button!
Only three simple steps and your named coins will get into the list!
As always, TOP mentioned altcoins get analyzed - pointing out breakout areas and if they get a correction then pointing out strong buying areas from lower prices!
Breakout areas are a bit riskier but whoever has been more patient than through the series the lower price ranges (buying areas after the correction) have been amazingly precise.
Regards,
Vaido
XLMUSD PRICE PREDICTIONIt's funny to see the crypto market blow up. Every single coin would get it turn.
I know nothing just playing with Fib. I think 1.618 is pretty cool.
My speculation for XLM is:
- By January: $1.9 MC: $46 billion
- By Feb/Mar: Retrace to 0.4$ BRUTAL
- By July/August: $4.46. MC: $108 Billion
Best case scenario: XLM: $8.3 MC: $200 Billion
NFA
XLM - UP ONLY - literallyXLM
I remember like it was just yesterday..
XLM, LINK and REQ were around 0.20$ in 2017. all pumped up to around 1$ and retraced back although the fundamentals of XLM area BIG. like the ones of Link and yea.. Link went omega moon.
More reason to think that XLM price is undervalued AF.
Technically this is a A+ Set Up.
Diagonal Break and now bullish consolidation putting in higher low after higher low...
Just a matter of time imo.
Follow me on Twitter for Updates
XLMUSDT Technical Analysis
⏳ Spot
💎 XLMUSDT after breaking above the descending triangle it has been making HHs and HLs in the ascending channel. After the rejection from the bottom of the channel it is ecpected that it continues to go higher.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.3440
☕️ TP1 0.3715
🍺 TP2 0.3900
🍻 TP3 0.4160
🍾 TP4 0.4500
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 0.3250
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
💡Don't miss the great buy opportunity in XLMUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3413).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XLMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.3679
TP2= @ 0.3902
TP3= @ 0.4100
TP4= @ 0.4314
TP5= @ 0.4581
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in XLMUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3413).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XLMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.3679
TP2= @ 0.3902
TP3= @ 0.4100
TP4= @ 0.4314
TP5= @ 0.4581
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️