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)
交易進行: Actually entered this position at the 5K break.

We're already seeing a pennant break here!
評論: 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.
評論: 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.
交易進行: 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.
交易進行: 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.
交易結束:達到停損點: 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 繁體中文
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 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出