Stellar Lumens making some impressive higher lows recently
Doing this per request. Please be patient as each chart takes me some time. Fundamentally, from what I can remember. XLM is similar to XRP and at some point the same developer(s) of XLM worked on XRP. There was a dispute and here we are now. At some point in June or so there was a major dump of stellar due to free coins entering the market. That is over now and I...
XLM is in the sideways trend, and is approaching oversold on Stoch RSI. ADX shows there are more sellers than buyers driving the price down, but the trend is clearly weakened. It is also approaching the downtrend resistance line, and will soon have to decide where to go. While it has been trending down overall for the past 4 months, there is some room for growth...
XLM is showing some weakness in an ABC correction, RSI and MACD about to break the trendline and heading towards the previous bottom. Once near that bottom, we can look for new longs.
IMHO there should be some good movement in STR/BTC pair in very short term. We can see a nice jump to 800. Breaking the arc should be the key. Also, i see now a big buy wall at poloniex, something should happen, no doubt.
XRP XLM XEM seem to move similar to one another in about the same time frame. All three coins are currently consolidating at their support lines. Interestingly enough, a MACD Bullish Crossover may be your earliest sign. A riskier, but more profitable entry will be here. As the trend continues, it will coincide with an entrance into the Cloud. 2 Ichimoku Cloud...
In my opinion, you can easily double your investment this month with it... 1. The cup and handle = Around 3000 (First target) 2. The throwback = between 1500-2000 3. The target = Around 4500
Stellar broke the gan fan line and is already looking good, if it breaks the triangle too it could mean a mayor bull run again like we witnessed some time ago.
Allthough i'm pretty new with crypto-trading, I try to learn by following others, experimenting with tradingview. I would say Stellar Lumens is about to cross an arc, going for +/- 0,55$ within the next 6 hours (+20%). What do you guts think? Feedback is more then welcome :)
Market cap 252.032 BTC Current price 0.00002635 BTC
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