I have closed all but 1/6th of my long-term long position in XLM for 38% profit after buying at .000035. We could still go higher but I'd rather take profits now than be caught out by a sudden drop once the real top is in like we saw recently with BAT (which I did not have a position in).
As per the chart above, I have set buy orders at .000040 & .000038. I ...
Looks like XLM will range here through this triangle above support for a while, the yellow line is my thoughts on what XLM could do in the future. Fundamentally some decent projects being built on XLM, and it has been the only coin really taking off seeming completely unaffected by the 10 month bear market. Would buy the dip closer to the support level in purple.
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.
Watch for price action where base/acceleration/deceleration lines meet as these represent decision points.
* Blue = base channel
* Green = acceleration channel
* Red = Deceleration channel
Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance .
* Darker shade = primary channels
* Lighter shade = auxiliary channel
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.
Down trend line was hit a few times giving strength to it when it was broken through. Tried to do break, hook and go but seems to be consolidating in a tight pole between the retracement fibs. An upwards move through 0.5fib is the first little hurdle then the 0.618fib should hopefully get it some momentum to test last peak of 3367 sats, after that it's plain sailin'.
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.
I drew that yellow line its resting about 3 weeks ago, and it is really sticking to it. From using my graph, I predict that we will exit the fib circles with a new pump, XLM and XRP have always had similar pumps every 6 months, so I'd be fascinated to see if it does it again. Secondly, the commodity channel index, is predicting a period of stable accumulation ...
On rejection of a major Trendline resistance, XLM has formed the left shoulder and head of a Head and Shoulders pattern on the 4h TF. The right shoulder has already reached its peak (assuming trendline holds as resistance) and on break of the neckline we should see a downward move of a minimum of 12% on XLM trading against Bitcoin. For now keep an eye for a move ...