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Xlmusdt

STELLAR - Shorts Looking LikelyStellar came down from a massive impulse in the last few months and we are currently in an expanding correction. Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom. SHORT IDEA: Wait for ascending correction to break and enter with stops above 0.302. Targeting: 0.2 LONG IDEA: Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
by Altsignals
STELLAR - Shorts Looking LikelyStellar came down from a massive impulse in the last few months and we are currently in an expanding correction. Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom. SHORT IDEA: Wait for ascending correction to break and enter with stops above 0.302. Targeting: 0.2 LONG IDEA: Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
by Altsignals
XLMUSDT🌟we were standing by to confirm the BTC last pump and make sure its not a bubble in supply and demand version of the market and now we have it 🌟for this chart you can see the trend angle is lowering and that's a confirmation to changing bias 🌟the trend line of the descending channel is broken so its going to be another confirmation for changing bias 👉This idea has the confirmation of "advanced price action" 👍 👉For more information don't be shy and get in private chat of trading view 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍
Long
by the-crypto-analyzer
2
XLM > At a Support Zone > How to trade?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of XLM. I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITFINEX:XLMUSDLong
by tradethrill
3
XLM Surges After MoneyGram Takeover Rumour Stellar Lumens surged by a strong 12% today as it surges to $0.25. The push higher allowed XLM to climb above the 20-day MA and break a long-term falling trend line. Against Bitcoin, XLM also pushed higher to 774 SAT and is back above the 20-day MA for the first time since May. XLM surged a strong 12% today after rebounding from support at $0.2 earlier in the week. The push higher has allowed XLM to break a falling resistance trend line that was established at the end of May. It also allowed XLM to break back above the 20-day MA for the first time since mid-May (providing today’s candle closes around $0.25. The surge occurred after the news circulated that the Stellar Foundation is planning on executing a takeover of MoneyGram. The acquisition was reported by Bloomberg, and it states that the money transmitter business would be bought by The Stellar Foundation in a partnership with Advent International. MoneyGram, established in 1940, previously had an investment from Ripple after they acquired around 10% from a $50 million investment. However, the partnership was dissolved after the US SEC launched litigation against Ripple. Stellar Lumens is now ranked in the 17th position with a market cap value of $5.78 billion. Stellar Coin Price Analysis What has been going on? Taking a look at the daily chart above, we can see that XLM dropped beneath the 200-day MA at the start of June and established a solid downtrend from there. It had previously dropped from above $0.75 to reach $0.35 during the mid-May market capitulation that the entire industry experienced. XLM dropped as low as $0.2 during June and rebounded from there toward the end of the month. However, it was unable to overcome the 20-day MA and continued to drop lower in the first half of July. During this week’s BTC price drop beneath $30K, XLM fell lower to $0.2. However, the daily candles did not close beneath $0.212, where it found support at a .786 Fib Retracement level. XLM rebounded from $0.212 yesterday and the 12% price hike today allowed XLM to break above a long-term falling trend line that was established toward the end of May. Additionally, XLM also managed to break above the 20-day MA. If today’s candle can close above the 20-day MA, this would be the first candle closing above it since mid-May, before the market capitulation. Stellar price short term prediction: NEUTRAL XLM is neutral right now, but a drop beneath $0.2 would certainly turn the market bearish. On the other side, it would possibly have to rise above $0.4 (200-day MA) to be considered bullish in the short term. However, a break above $0.3 would signal the first move of a short-term bullish rebound. Looking ahead, the first support lies at $0.24 (20-day MA). This is followed by $0.212 (.786 Fib Retracement) and $0.2. If the bears continue to drive XLM beneath $0.2, added support lies at 40.176 (downside 1.272 Fib Extension), $0.163 (downside 1.414 Fib Extension), $0.15, and $0.144 (downside 1.618 Fib Extnesion). Where Is The Resistance Toward The Upside? On the other side, the first resistance lies at $0.25. This is followed by $0.28, the 50-day MA, $0.285, and $0.3. Beyond $0.3, additional resistance is expected at $0.339 (bearish .236 Fib Retracement), $0.35, $0.4 (200-day MA & 100-day MA), and $0.426 (bearish .382 Fib Retracement).
by CoinCodex