XLM technical analysis:
Friends, according to the ascending harmonic pattern and the golden cross, the fifteen-minute time frame of ascending targets has been determined.
Analysis based on Satoshi is suitable for friends who work on the margin.
Good luck
Karim Heydari
Back in December 2020 Stellar hit bottom at 359 satoshis or 0.00000359 BTC. That's the XLMBTC pair.
This exact same level, 359 sats was hit last month and we get a 2.2 years long bottom.
The last time this bottom was hit this pair grew by 348%.
If you consider the massive Bitcoin rise in the same period...
Now, the potential is similar to late 2020.
✔️ What...
This analysis shows that XLM has the potential to catch up to Bitcoin.
The thing I find interesting about this, is that Bitcoin will likely be considerably more valuable compared to where it is now.
Leaving me to consider the possibility that XLM is extremely undervalued.
I created AriasWave the methodology to help me understand potential future price...
No other choices remain available other than a bounce, change of trend or relief rally once the bottom has been hit.
Stellar (XLMBTC) recently activated its May 2022 support level and is preparing to grow.
The last time this support level was hit a multi-months long bullish wave followed and this is exactly what we see coming but stronger.
There is a clear...
Logarithm. Time interval—1 month. The main trend since the beginning of trading.
Coin in coinmarketcap: Stellar.
Top trading pairs to bitcoin have significant liquidity. In position trading, you need to work in portions from support/resistance level zones with a predetermined size distribution.
Unlike pairs to the dollar, pumps/dumps are smaller in % ratio...
The asset has now arrived at a great load zone and has the potential for a massive Bullish swing to its BTC pair. The Resistance of the falling wedge is the main berrier that was helding the bulls away which has been violated with great volume.
previously...
You could wait years to see a chart like this and honestly speaking it feels like it has been years in the waiting.
On this 4-day chart Stellar lumens has just confirmed support on the 21-week moving average after a 3rd attempt. All three oscillators I use (RSI, Stochastic RSI, & Money flow) are printing higher lows following a period of consolidation in price...
Based on donchian channel, XLMBTC is now near generational bottom area.
And look at the chart using Tom Demark sequential countdown method, indicating 13 in the several main HTF.
Futhermore, using BNF's methods, we can see this chart is in the historical bottom, too.
Using XLM chart to ETH would also be good for analyzing.
And then... patience is the key.
A bullish cross of 1D 50MA with 200MA could bring XLM into 0.000006 BTC area. That's the spot where 3D 200 EMA is hanging.
Again, let's see at once how BTC is developing, I think if it rise in 35k area could bring a positive sentiment to the market, even for short time though.
I am stuck with it since Jan therefore I need a bounce. 👆🏻
Best regards everybody.
This is a follow on XLM/BTC pair chart I posted earlier to elaborate on the idea that a breakout could be in order for XLM. As with many other severely beaten down alts, XLM is beginning to show strength on the BTC pairing.
There is a beautiful broadening bullish wedge forming (blue line) that has recently broken to the upside.
Confirmation has been signaled and price is in backtesting mode.
This broadening descending wedge is developing inside a larger pattern: a broadening bullish wedge (not descending but broadening to down- and upside).
All this happens on the BTC pair.
My...
We have strong signals coming out of this chart in favor of the bulls, let's look at those.
This is XLMBTC (Stellar) on the weekly timeframe; aka. Long-term.
First, notice the broken downtrend-line.
This trendline marked a bearish trend that lasted more than a year.
This bearish trend has been broken.
Second, we have a long-term higher low, since December...
I'll make this brief. XLMBTC is one of the more bullish pairs in the current crab market. The setup looks very similar to ICP which pumped pretty hard today. I don't know what path it's going to take to get to the final target, but eventually it will get there. I would absolutely not be surprised to see a hard pullback at some point to retest the lows, but it...
