XLM getting reading for a new ATH

BINANCE:XLMBTC   Stellar Lumens / Bitcoin
XLM is a strong crypto asset in and of itself, worthy of a long-term hold. However, it's also at a really great entry point right now.

You can see XLM has been in a steady up-trend. Furthermore it made a new high, retraced, and is on its way back up. Looking at a 1 day chart it is a fairly obvious W formation, which indicates the previous ATH will be broken on the second leg.

It is currently forming a bull pennant and getting ready for its next leg up, although the move may take another day or two.

Basis: W formation, strong underlying, bull pennant .

  • Target 1: 6250 (62.5K satoshi)
  • Target 2: 6800 (68K satoshi)
  • Target 3: 7500 (75K satoshi)
  • Stop loss: 5000 (50K satoshi)
交易开始: Actually entered this position at the 5K break.

We're already seeing a pennant break here!
评论: So while the pennant break was false, it's probably safe to reason that the decrease in price is due to a move into BTC as it pumps.

As a rule, when BTC rises alts fall, but alts soon regain their previous value and more so as more money flows into the alts back from BTC.

We are still on track to break our short-term high and reach our previous ATH this next week:

Keep in mind BTC prices. Most trading predictions indicate that when BTC reaches 14-15K it will begin a sharp decline to 8-9K levels. When BTC hits 14K, regardless of where XLM is, it may be time to consider closing any existing long positions.
评论: Unfortunately we have been floating mostly sideways this weekend. I still have confidence in XLM, but consider any break below the supporting trendline without any recovery as your time to pull the rip cord.
交易开始: Now this, gentleman, is called stop loss hunting:

When I see stop loss hunting it gives me confidence in a bull move coming, so I'm still very bullish on this.
交易开始: XLM is struggling to try and break this bear channel. It really wants to make another bull move but it needs some volume behind it before it can do anything. There is strong support in the 5000-5050 range, however, so keep an eye on it.
交易结束:到达止损: So my stop fell through last night on weak volume. Despite my long-term bullish feeling on XLM, as a swing trader its important to honor my stops.

Next major levels are the 4700 mark and the 400 mark. Look or bounces at both levels for a chance to re-buy at a discount when this thing goes lunar.

Sorry guys, can't win them all!
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出