Stellar Lumens XLM formed a Gartley for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of XLM with US Dollar pair.
Previously I shared a long-term trade setup for XLM, which is still in play:
Now On a 4-hr time frame, XLM has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XLMUSDT.P trade ideas
XLMUSDT wants a new bullish impulse?XLMUSDT price experienced a bullish impulse, followed by a rounded accumulation phase. During this phase, the price has been consolidating in a narrow range, forming a rounded bottom pattern, which indicates a potential reversal from the previous downtrend.
If the XLMUSDT price breaks out of the accumulation phase and confirms a new uptrend, according to Plancton's rules, a new long position could be taken. It is essential to consider the volume and the momentum indicators to confirm the breakout and avoid false signals.
According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
XLMUSDT Short Scalp - 30m- Price creates a bullish imbalance going forward
- Price creates buy-side liquidity (BSL) and then proceeds to clear BSL highs
- Price then drops and clears BSL lows, creating a change of character (CHoCH)
- After creating a change of character, price proceeds to move back upwards, forming internal liquidity
- Price then clears this liquidity (L) and mitigates supply
- After confirming a bearish reaction candle from mitigation, we look for shorts
- SL is set to the breaker block that occurs just before the main supply zone
- Tp1 is at the final wick high before the bullish imbalance candle
- Tp2 is set at the bottom of external liquidity
XLMUSDTStellar showed good bullish support at 10 cents.
If it can hold his support level, it is sure to touch 15 cents first and 17 cents will be the next target.
But if there is no support, it will first be $0.096, and in the event of a collaps , it may even fall to $0.077.
Of course, the best area for traders is there.
XLM gotta become bullish soon.XLM is in an ascending triangle pattern.the pattern has not been broken yet but when it happens,the price will be flying! The price is gonna increase as much as the measured price movement (AB=CD) and that would be 36% of pure profit!
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
XLM - Descending wedge almost over
Stellar (XLM) is currently displaying a descending wedge pattern / ending diagonal, which I´m interpreting as the red wave C of the blue wave 4 correction. We could still have a test of the 50% pullback level, sitting at $0.1021, before any bullish momentum picks up.
If the descending wedge pattern is broken to the upside, we could see Stellar's price climb above the $0.1146 mark, for blue wave 5.
XLM: Bullish FlagStellar (XLM) technical analysis:
Trade setup : After getting rejected 2x at $0.10 resistance, price had finally broken above it, sharply rising with big volumes, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend. Now it’s consolidating, likely briefly, in a Bullish Flag pattern, which typically resolves in the direction of existing Uptrend.
Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
Stellar XLMUSDT 4 Hour Chart Analysis Binance April 9,2023BINANCE:XLMUSDT
As per the 4-hour chart, the pair is undergoing a correction within a descending wedge pattern. The price has rebounded from the support line, which implies that the bulls will now try to push the pair above the wedge. In case of a successful breakout, the pair could target $0.11 and eventually $0.12. However, if the price fails to hold the support line and falls below it, it could indicate an increase in selling pressure. Although there is a minor support at $0.10, a break below it could lead to a further decline toward the 200-SMA.
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Stellar XLMUSDT Daily Chart Analysis Binance April 9,2023BINANCE:XLMUSDT
After being rejected at the overhead resistance of $0.12, Stellar is now approaching the 20-day EMA ($0.10), where the bulls may show interest in buying the dips.
If the price bounces off the 20-day EMA, the bulls may attempt to overcome the resistance level again. A successful breach could complete a bullish rounding bottom pattern for the XLM/USDT pair, marking the beginning of an upward trend. The pair may then aim for $0.15 and $0.17.
However, if the price fails to hold above the 20-day EMA and drops below it, it may indicate waning bullish strength. This could lead the pair to fall to the 200-day SMA ($0.09), which is a critical level for the bulls. If it fails to hold, the price may further decline to $0.07.
Let me know what you think!
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XLM: Resistance BreakoutStellar (XLM) technical analysis:
Trade setup : After getting rejected 2x at $0.10 resistance, price has finally broken above it, indicating that buyers have absorbed overhead supply from sellers and price could resume its Uptrend with upside potential to $0.13.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.10 (previous resistance), then $0.08. The nearest Resistance Zone is $0.13.
XLM - Good Time to BAG RROFITS 💰Hi Traders, Investors and Speculators of the Charts 📈📉
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.
Taking a quick look at Stellar / XLMUSDT which already increased nearly 60%. This is an altcoin that's been on my watchlist since early this year, and I believe a pullback seems logical from this point.
The technical indicators RSI is showing overbought in the weekly. The Momentum in lower timeframes shows that sellers are taking control and the LSMA has fallen under 50.
This point to a possible short term correction, which is only natural after a bullish 60% upward move.
While you're here 👀 Check out LINKUSDT :
My early accumulation plan for XLM :
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XLMUSDT: Buy Opportunity Ahead?"Hey there! So, I've been keeping an eye on XLMUSDT, and I've noticed that the price has broken its downward trendline after 300 days with large volume. This could mean that we might see some bullish action soon.
However, I do think that there might be a bit of a pullback in the near future. In the pullback area, we've got a few potential support levels, like a horizontal support level, SMA200, and monthly pivot, that could help prop up the price and give us a chance to buy in at a good price.
Overall, things are looking pretty positive for XLMUSDT, but it's always a good idea to wait for candlestick confirmation before making any trading decisions.
RLinda ! XLMUSDT -> Retest of the resistance zoneXLMUSDT after a false breakdown of the liquidity zone comes out of the wedge upwards and forms a momentum. Price is testing resistance at 0.0959 and confirms the limit zone. What's next?
Next we have a pre-breakdown consolidation and retest resistance at 0.0959. There is a chance to break through the resistance area. In this case the bulls will have the potential to grow towards 0.1400.
I expect breakout of the resistance at 0.0959 on the retest. The short-term target is the resistance at 0.1160, the medium-term target is the liquidity zone at 0.1400.
Regards R.Linda!
✴️ Stellar Enters Bullish Cycle | 5-Steps PatternStellar (XLMUSDT) is moving ahead of the pack and just hit a 5 months high.
Let's see what this chart has to say.
First, let's focus on the 5-Step Pattern we've been looking at today.
This pattern consists of #1, the Dec. 2022 low.
#2 | January's 2023 bullish breakout.
#3 | The correction that ended mid-March (10-March).
#4 | The resumption of the bullish trend and #5 the new high, in this case we are aiming at $0.18 based on the Fib. extension numbers.
This is the same pattern we saw with Cardano, ChainLink, Terra, etc.
Now, let's review some of the classic signals.
- Really high buy volume in the past few days. The highest buying pressure since 2021.
- Very strong indicators. RSI and MACD... The rest is history.
What one does, the rest follows!
Expect for the rest of the market to grow as well.
You can find XLMBTC in the "Related Ideas" below.
Thank you for reading and for your continued support.
Namaste.