Stella's chart is straightforward; a sharp upward move followed by a lengthy correction wave unfolded in a big descending triangle pattern. Recently, ALPHA broke the major downtrend line. Let's see how up Stella can go.
A quick recap:
Short-term = within 30 days (1 month)
Mid-term = within 1-3 months.
Long-term = within 6 months.
Long-long-term = 6-12 months or more (can be years).
ALPHAUSD (Stella) has gone through the entire cycle and is now entering the initial phase of the next bullish wave.
The cycle is something we've been looking at repeatedly since the...
The signs are not looking good for stella because price action says there's a high chance we could be heading to the abyss. Today and tomorrow will be very crucial to what will happen to stella long term. If the momentum takes us below 30 cents today then i think we should all start organising a funeral for our dear stella even though i know, just like Jesus...
Stella has recently broken out of a correction and is now in an ascending channel reaching an area of interest. Watch for bull flags on the smaller timeframe and enter on breakout. An area to keep an eye on is the 0.600 level where price can possibly react.
Stella has recently broken out of a correction and is now in an ascending channel reaching an area of interest. Watch for bull flags on the smaller timeframe and enter on breakout. An area to keep an eye on is the 0.600 level where price can possibly react.
STELLLAAAAAAAAA(r)
XLMBTC at historical lows
15min with VFAP, showing possible target for exit/position reduction
1hr chart showing how the Binance funding indicator is used to determine direction
Weekly at support, may revisit .13 as a retest
Weekly with BBPCT, showing the oscillator still in the upper region
Something i always keep a close eye on is the Bitcoin Dominance chart, its been a really good indication of the movements of Bitcoin vs Altcoins.
I never really do much in the way of technical analysis with the Dom chart but i will keep an eye on key levels where we start to see trends turn around or pause.
>> Currently i have been watching the BTC dom rise and...
I learned to cancel the noise as I'm an investor and not a trader. XLM and other large coins look good to long the next couple of years. There is still some downside pressure right now though. Very similar to ADA as seen in my ADA published chart.
I am an amateur and this is not financial advice though.
