Xlmusdtradeplan
XLM Stellar is BOTTOMING FINALLY? (ALT CRYPTOS IN PLAY )Hello friends, It’s time to load up the Stellar BAG as her money printer is about to recover and start printing greens
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As you all know one of the top Alt cryptocurrency known as Stellar (XLM) reached an all-time high of $0.938144 USD on January 04, 2018. But has dropped from top 10 to 20 Alt since then ,
this week though, finally a sign on the daily chart shows that the bottom is calling stellar in.
But does that mean that are we about to catch the bottom?
the chart answered that very clearing and also shows where stellar is liking heading to for a while.
PATTERN DISCOVERED;
Broadening Bottom
chart shows that we have a MACD signal cross on the Daily chart just took place recently a good signal confirmation for XML LONG ENTRY SET UP:
(HIGH RISK SETUP)
ENTRY : 0.078
STOP : 0.058
FIRST TARGET 0.16
SECOND TARGET 0.2
(LOW RISK SETUP)
Less Risky Long Entry Zone :
Enter when a price bar closes outside the pattern in the direction of the breakout followed by a close above the breakout candle, I guess this will be somewhere around the 0.085 to 0.09 zone.
ENTRY : 0.09
STOP : 0.058
Target : 0.8
(This Idea is on a daily chart, so I expect this to be in play for a week or more)
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XLMUSD has formed another bullish reversal patternFollowing a of very big bullish BAT pattern:
As in my previous several articles I have been following the below harmonic pattern that is formed by the price action of Stellar and that is a very big bullish BAT on monthly chart. The formation of this bullish BAT pattern was started from the candlestick that was opened and closed on February 2017 and last leg was completed by the candlestick of December 2018. Since then the price action is moving in the potential reversal zone of this very big bullish BAT.
First I caught this pattern on September 2019 after that I posted a followup article with more details in November 2019 and when I I saw more developments in this pattern then I posted other followup article with more details on January 11th 2020.
There have been many time the priceline has hit beyond the potential reversal zone’s support but so far we don't have even a single candlestick that has broken down or completely opened and closed below this PRZ level. The potential reversals zone has been so far proven very strong support for the price action of Stellar. There is one critical point is that if we place the volume profile on the complete price action of this big bullish BAT pattern then we can examine that the traders interest is even below the potential reversal zone. Therefore there are so many times we have witnessed that that the candlesticks has hit the price below the PRZ level but after hitting beyond this level the price action again gets retraced in this potential reversal zone back.
Here we have another support that is moving along with the support of this potential reversal zone and that other support is the POC of this volume profile. As discussed earlier in my previous articles I have explained how this point of control of volume profile works as a centre of gravity for the priceline and the price action always moves around this POC level of volume profile. Therefore we can also notice here that since February 2019 up till now the price action is moving around this point of control level and whenever the candlesticks move up move down then POC of volume profile pulls the price action back towards itself therefore sofar it is really difficult for the priceline of XLM to break down or break out this POC level of volume profile.
The potential reversal zone or buying zone starts from $ 0.1108 and ends up to $0.0600 and the Fibonacci projection or sell zone starts from $0.2315 and ends upto $0.4135. Therefore this move can produce upto 589% massive profit. But if we calculate the profit form where the priceline is moving at this time then the profit possibility is up to 1037%.
Bullish crab:
In the meanwhile the priceline of XLM has been forming different other bullish chart patterns on short term and long term and I have been sharing the patterns with you but there was a pattern I had high expectations with, was a bullish Crab that was formed on 2 day chart.
And I shared this pattern on December 16th 2019. This time Stellar was expected to produce up to 98% profit and we have witnessed that as per prediction the XLM produced more than 70% rally and dropped down again. I was expecting that this time the priceline of Stellar will cross up 0.786 Fibonacci projection of A to D leg of this bullish Crab and if it will manage to cross up this Fibonacci projection level then it will turn more bullish and eventually it will lead to the execution of the big BAT pattern that has been formed on monthly chart and the price action will further more move up to enter in the sell zone for Fibonacci projection zone of the big bullish BAT.
But unfortunately the price action failed to break out the 0.786 Fibonacci projection of bullish Crab.
A new bullish harmonic move:
Now this time while moving at the support of big bullish BAT pattern on monthly chart on smaller time period the Stellar has shown very positive move. This time it has formed another bullish Crab pattern on 2 day chart same is like it has formed in the month of December 2019 that we have discussed earlier.
The first leg of this pattern was started from the candlestick of 17th December 2019 and this leg was completed on 14th Feb 2020. After that the priceline retraced between 0.382 to 0.50 Fibonacci level that was the first confirmation of bullish Crab pattern and on the very next candlesticks the price action moved up and projected in the projection area of A to B leg between 0.382 to 0.886 Fibonacci projection and here we have received the second confirmation of bullish Crab. Now we needed a long bearish leg that should be retraced between 1.27 upto 1.618 Fibonacci level
And this recent market crash and strong bearish trend has helped the price action of Stellar to complete the final leg of this bullish Crab pattern. We can notice that the price action has hit the spike on 13th March 2020 in the potential reversal zone between 1.27 upto 1.618 Fib level that is also our buying zone for stellar. But even though after visiting the potential reversal zone the priceline again moved up and has hit the projection area between 0.382 to 0.786 projection of A toD leg and moved down again there can be strong chances that the priceline will again visit the potential reversal zone or buying zone and move up with another powerful bullish divergence and enter in the sell zone or Fibonacci projection of A to D leg. And this time again I am expecting that if the price line of Stellar will manage to cross up the 0.786 Fib projection then it can also lead the price line to move in the sell zone of the big bullish BAT pattern that has been formed on monthly chart that we have been following since last year September 2019.
Conclusion:
The price line of XLM has very strong 3 supports
1. The maximum extent of potential reversal zone of big bullish BAT pattern that has been formed on monthly chart
2. Second support is the point of control of the volume profile that we have received after placing the volume profile on complete priceline of bit bullish BAT.
3. Third support is the potential reversal zone of bullish Crab pattern that has been recently formed on 2 day chart.
At this time we have two types of sell targets one is the midterm perspective another one is the long term target.
1. Midterm sell targets: The midterm sell targets are according to bullish Crab pattern that has been formed on 2 day chart are from $0.0421 to 0.0727.
2. Long term sell targets: The longterm sell targets are according to bullish BAT pattern that has been formed on monthly chart are from: $0.2315 to $0.4135
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
XLMUSD formed bullish BAT | Upto 46% bullish movePriceline of XLM / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.060290 to 0.056511
Sell between: 0.069304 to 0.082804
Regards,
Atif Akbar (moon333)
XLMUSD formed bullish Gartley | Upto 23% expectedPriceline of XLM / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.07214152 to 0.06784270
Sell between: 0.07552560 to 0.08360964
Regards,
Atif Akbar (moon333)
XLMUSD forming bullish BAT | Upto 22% expectedThe priceline of XLM / US Dollar cryptocurrency is forming last leg of bullish BAT pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.072350 to 0.070104
Sell between: 0.077704 to 0.085743
Regards,
Atif Akbar (moon333)
XLMUSD completing shark pattern | Upto 115 percent profitThe priceline has completed the formation of shark and almost entered in potential reversal zone.
RSI on 2 week chart is already in oversold zone.
The volume profile is also showing very weak interest of traders at this area which will help the price action to hit the sell targets soon insha Allah.
The targets are:
Buy between: $0.0806 to $0.0651
Sell between: $0.1017 to $0.1403
Regards,
Atif Akbar (moon333)
$XLM Definitely Still Looking for It's Support. Decision? Accum!I'm placing one of my biggest bets among the other few on this alternative coin.
I believe we're just really on the beginning of the development and Stellar Lumens has one of the progress so far.
Well. that's me. You do you!
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XLMUSD - 1D Chart AnalysisAfter the Bullish trend which started on the 2nd of November, it seems that we have a crossroads again, as long as we are about to register the 3rd consecutive day of decreasing and the price is now "testing" the 20 days Moving Average which has the same value as the Support Level 1 of 0.2435$
For the ones who will consider a higher level of risk, the basic reading of the RSI and the Stochastic (which are returning from their "overbought' positions") together with the trading volumes which are decreasing, can be enough for opening a Sell position looking for jumping the gun.
At this stage the risk comes from the possible "bounce back" of the price from the support level of 0.2435$ and it's "survival" between the 20 days Moving Average and the upper standard deviation of the Bollinger Bands, scenario in which the Sell position mentioned before will represent a loss.
But for the ones who prefer to wait for the downtrend to be confirmed, they can open the "Sell" position once (if) the price will go through the support level and also if the MACD's crossover will indicate the same direction.
For now, it seems we have only 2 possible scenarios :
* If the price will continue the decrease, we can consider 0.2230$ as a possible next "Stop".
* If the price will not break the support level, there are big chances to assist to the bullish trend continuation, situation in which we can consider 0.2770 as a target price in the following future.
XLMUSD to test Resistance from May-2018 (Medium Risk) >300 pipsStellar has tested successfully the Support from May 2018 and bounced back up. Give the downwards trend of all Cryptos including BTC, it is likely to see another test of the line and maybe a breakthrough. However, Cryptos are very dependent on news, therefore any good news may take over the normal course of the Trend Analysis and bounce up again.
Moreover, the two semicircles colored in yellow show an interesting pattern evolving with periodical touches of the line. However, this pattern is coming to an end soon and we will se in which direction it will boom, but its for sure that when it comes out of it it will set a direction for some weeks.
Let me know if you like the idea and maybe have some comments too.
XLMUSD (Lumen) Stellar DWN2 $.0.38000 then 0.60ish XLMUSD (Lumen) Stellar 05/01/18 9 p.m. EST by MMansfield.
Hi trader friends! Stellar Lumen (XLM) appears to be at or near a Wave 3 high. This should be followed by a pullback to 0.3200 area (previous Wave 4 territory) then another wave higher that could take it into the 0.60s.
REASONS:
The longer-term cycle (blue) is strong up until mid-July so there is still likely much power there.
Two of the three Elliott Wave impulse waves tend to be similar in length. Wave 1 was tiny compared to this completing Wave 3. So, with the LT cycles up for 10-11 more weeks, it is reasonable to vote for the remaining 5th wave to look more like Wave 3 than the tiny Wave 1. Thus, another double is possible!
The topping Wave 3 (now or soon) idea is supported by the wave structure, the dropping momentum with bearish divergence on some oscillators, and less volume on last push up = short-term weakness.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Michael Mansfield CIO
(Sell Stellar Lumens) XLMUSD Technical Analysis for May 7, 2018Hello Traders,
Clear rejection of higher highs at 50 cents. Because of that stochastic sell signal and a break below the middle BB, we might see prices going lower and as such 30 cents is our ideal bear target before prices recover and edge towards 70 cents.
(Buy) Stellar Lumens (XLMUSD) Technical Analysis for April 19Hello Traders,
The daily chart provides a perfect glimpse of Stellar Lumens price action and as you can see, XLM buyers are on top.
Regardless of this strong Stellar buy pressure, proponents are yet to cash out and as long as stochastics remain bullish, that target-$0.40-might be tested today. After $0.40, early buyers can look move their stops to break even and wait for $0.5 if need be.
I originally published this article at NewsBTC under Dalmas Ngetich