Recent price action from January shows that after an impulsive wave, prices drop.
This impulsive wave then acts as support for prices to push up to the next impulsive wave.
Currently, we are at the support level with signs of a bullish push through some bounces.
The next target will be the high of the last bullish impulse.
Following breakout of the three rising valleys (3RV) pattern on 10th February, the target price is now $0.69 with a volatility stop loss of $0.30.
Potential gains of 73%.
Best of luck with your trading and thanks for checking this forecast out.
stellar lumans is a well known crypto sister of ripple working with likes of BOE there is some strong potential behind this
my idea has started to play out already forgot to post last night
the break out of the bullish trendline can leave a retest of structure points at the start of the bullish channel that took the move up
levels to watch on the down side...
I believe Stellar Lumens will see some correction along with the other cryptocurrencies that are mostly overbought right now due to the massive bitcoin rally, but the correction with XLM is only likely to be a small one. When RSI levels drop again it could be a good opportunity to buy back in for a profit of around 80%.
Christmas day breakout looks to be on the cards for XLMUSD and potentially other altcoins (correlation). XLM is currently consolidating in a flagpole formation with strong support. Likelihood is that it will continue to fluctuate for the next 5 days until leaving the flagpole zone for a breakout.
XLM has broken a bearish trend line indicating that price is in a bull run and looks to continue up.
We are also making higher lows and a higher high.
i believe this will follow XRP in breaking levels and highs.
All time highs are in my sights for the future.
XLM stellar lumens, personally i like this investment as its a cheap token so you can buy a lot for a low price and i believe all time highs will be hit soon if we can break the level we are at currently, big percentages to be gained here
The count I have for XLM has us already done with the wave one and potentially working on the 1/2 of the A.
Its always possible that I have miss read the subdivision of the final 5 and we get another move up but we are close to a top here ether way.
I recommend if you go short here to use a stop above the high. its better to take a small loss and re-enter, than...
Based on previous breakout of downward trendline the potential for huge gains over the next month or so are great. The Meridian conference over the next couple of days will likely provide a huge clue as to the scale of the next move higher.
Monfex is at your service and today we overview XLM/USD log scale.
By breakout the first resistance line, Stellar will begin to target to the second, MA200, zone of resistance.
RSI is also movng to the overbought zone.
XLM will upgrade Q4 Protocol to the end of this year.
The resistance zone ~ $0.875
The local support zone ~ $0.65
XLM has broken up from its downward wedge and looks to aggressively regain ground as Bitcoin's price comes under pressure.
XLM has partnerships with IBM, Deloitte and other national banks in emerging countries.
XLM is a much quicker payment system, much cheaper and much more decentralised than Bitcoin. Furthermore it is open source and therefore is likely to...
XLM looks like its completed waves 1 and 2 on the day.
looking for wave 3 to my target zone.
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This trade is aimed at longer term holders. The market in all crypto's has shown a very strong start to 2019 with 5 clear impulsive waves up. Thus an ABC has followed and it is extremely likely that another 5 waves up will now follow. This is possibly the best opportunity to get into crypto as XLM has nearly reached the 0.618 retracement of wave 1. The target is...
XLM looks like its completed 3 sub waves of a higher order wave 1.
Wave 4 is currently forming, and i'm expecting a C move down the 0.5 fib.
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Thank you for your interest. So far I have been very successful in predicting XLM's movements since mid-2017.
(Please have a look at my "Lumeneer" Twitter feed's media forsome good past calls.)
I'm a strong supporter and believer in Stellar Lumens as a project however I think a break from downward trend is unlikely in the near future. I see XLM...