. There is a possibility of temporary retracement to suggested support line (0.0000075). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XLMBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
very divergent then breaks above resistance which becomes support, also just touched the trendline on the rsi. Should move up from here and if you zoom out and look at the bigger picture you can see that there is further potential than what i have presented.
XLM / BTC . Horizontal channel 50%. Now the price is at the bottom of the channel, if support is confirmed and an upward local movement begins, the potential for the first resistance is + 50%. Price rests against a downtrend (red line) of the main trend, breaking it and fixing above it can mean a trend reversal. A double bottom may form.
The potential of the...
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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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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long bear move of xlm is over and with the recent bull run of btc, xlm also broke its falling wedge... so i guess xlm bull run is gonna be pretty strong and in less than 2 weeks i believe its gonna hit 50% gain...
The highlighted yellow in the chart shows a recurring pattern before it hits the resistance line and subsequently bounces off.
Use any techniques like this to help astablish a large patterns future points.
In this example it has helped show that the last point of this ABCDE wave. My expectations are for this to go long now.
Use this price for a nice buy in...
XLM has held very well through this massive market-wide correction.
I am bullish on this rocket logo'd piece of crap, small bag filled.
Once a breakout is confirmed this thing is gonna fly.
XLM has come back down and is now at a key support level. It also is about to touch the uptrend line it has been following for quite some time.
If BTC behaves there could be an entry here for a 9% gain up to previous structure.
We need a close above the support at 4344 and a bullish engulfing candle for confirmation.
On the daily chart of XLMBTC, the price is changing the trend direction into a bullish one within a beginning of the 5th Elliott wave of up period. Also, a buy signal is forming - AO indicator cross, a breakout of its level will be our buy entry.