The scenario i have drawn with the arrow is extremely optimistic, but i think my triangle is legitimate as they come. if we can touch the top of the triangle then 40 cents is the new support level. as of now everything and every price is acting as resistance, hence one of the most undervalued assets in this cycle.
This is a conservative educated guess, there are several different factors such as circulating supply and if stellar is selling coins going into the parabolic phase. XLM was surprised due to the XRP lawsuit and now we have clarity in the United States. We have found support in the in the 0.13 range which is a support XLM has never hit before the halving.
The...
There are some very interesting patterns emerging within the XLM charting structure, which seem to be indicating a move to around .40 - .45 cents in the coming bull-run!
Good luck, and always use a stop-loss!
I've been tracking XLM for a while, realized its been in this channel for a while. It obviously dipped below it and bounced back up to it several times. I was hoping for a $0.30 XLM by the halving but that's not happening. The logic is most projects will do a 10x 18 months after the halving that would give us $1 XLM but if tokenization takes off as rumors say...
Good support into the year. We could see heightened demand as crypto currencies continues its upward momentum. There has been no confirmed signal of downtrend.
CCI : 120 since posting. Usually a sign of demand.
RSI : Sitting at 49. Above 50 usually means there are more buyers than sellers.
And as always, stay vigilant. Set your stop losses accordingly.
From a technical analysis viewpoint there are a couple of things to note.
1: Elevated RSI
2: CCI showing signs of recovery and confidence.
And lastly....
3: Where are the sellers?
There is a positive outlook on stellar short term and long term.
Are you ready for a cosmic journey with Stellar Lumens (XLM)? Dive into a universe where data isn't just numbers, but the keys to unlocking potential good profits! 🌌
Current Market Overview:
Recent data highlights a dip in Stellar’s supply to 105,390,795,497.27 XLM. From a technical perspective, this contraction in supply can be a precursor to price increases...
XLM at the least $0.38! HODL on tight to this bucking bull!
I think XLM could rise to around $0.69 & correct back to around $0.10
What does you think?
Comment below!
Look at the price action of 2016-17 and look at the current price action.
I just wanted to highlight the main points of correlation.
The trend lines are clones from the 2016 price action and fit well into the current price action.
The fractal is what the price action could be if it follows the pattern of 2016-17.
First major move top target is 1.8-2.8
Second...
In the past 6-8 months every time I have published a bullish idea about XLM price has crashed vehemently with no shame in contradiction to all my ideas. So when you see an XLM idea on TradingView by me, it is in itself a signal to run away from this mad dog. On the other hand, I still think this scenario will play out. The price will not hit the highest trend...
XLM market cap would have to climb up to over 1 trillion dollars for the price to reach over 50 dollars. XLM is not going to these prices anytime soon (maybe 15-20 yrs later). it's just that a 161.8 % of the super wave 1 gives an estimate of 53 dollars and these parallel trend lines align with each other so perfectly that makes it look like it is a possibility for...
The current XLM chart leaves plenty of room available for major gains over the next 6 months to a year. XLM generally runs with XRP.
Good luck, and always use a stop-loss!
