XLM/USDT- Potential Bounce Supported by Strong Confluence ?
In this XLM/USDT technical analysis, we'll explore the key factors supporting a potential bullish bounce for Stellar Lumens (XLM) against the US Dollar (USDT).
Buying/Support Area - 0.1300:
The XLM/USDT pair has established a robust buying/support area at the 0.1300 level. This level has historically acted as a foundation, limiting downside movement and indicating a strong demand zone for XLM.
Confluence with 200 EMA:
A significant element enhancing the bullish outlook is the presence of the 200 Exponential Moving Average (EMA) around the 0.1300 level. The 200 EMA is widely acknowledged as a key indicator of long-term trend strength.
Expecting a Price Bounce - 0.1500 to 0.1600:
Based on recent price action and technical analysis, there is a strong expectation of a price bounce for XLM/USDT. The price is likely to rebound within the range of 0.1500 to 0.1600.
Conclusion:
Technical analysis of the XLM/USDT pair indicates a compelling opportunity for traders to consider a bullish stance. The well-defined buying/support area at 0.1300, coupled with the expected price bounce range of 0.1500 to 0.1600, presents an attractive risk-reward scenario. The presence of the 200 EMA further reinforces the confluence, lending credibility to the projected price movement.
Remember that trading involves inherent risks, and past performance is not indicative of future results. Conduct thorough research and consider consulting with financial professionals before making trading decisions.
Stellarusd
💡Don't miss the great buy opportunity in XLMBUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.44800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Stellar/BUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.54000
TP2= @ 0.60000
TP3= @ 0.66800
TP4= @ 0.72500
TP5= @ 0.80600
SL= Break below S2
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Don't miss the great buy opportunity in XLMUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XLMUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.08913
TP2= @ 0.11565
TP3= @ 0.16416
SL= Break below S2
There is a possibility for the beginning of an uptrend in STRUSDTechnical analysis:
. Stellar/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.04950000 to 0.03500000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.04950000)
Ending of entry zone (0.03500000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.07100000
TP2= @ 0.08500000
TP3= @ 0.10200000
TP4= @ 0.11930000
TP5= @ 0.13700000
TP6= @ 0.15620000
TP7= @ 0.18010000
TP8= @ 0.22210000
TP9= @ 0.27550000
TP10= @ 0.32880000
TP11= Free
There is a trading opportunity to buy in STRUSDTechnical analysis:
. Stellar/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.09934000 to 0.08942000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.09934000)
Ending of entry zone (0.08942000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.11930000
TP2= @ 0.13400000
TP3= @ 0.14770000
TP4= @ 0.17342000
TP5= @ 0.18912000
TP6= @ 0.20730000
TP7= @ 0.23610000
TP8= @ 0.28670000
TP9= @ 0.33745000
TP10= Free
A trading opportunity to buy in STRUSDA trading opportunity to buy in STRUSD
Technical analysis:
. STELLAR/DOLLAR is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
. The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. If you missed our first HUNT, you have a second chance to buy above the suggested support zone.
. There is still a possibility of temporary retracement to suggested support zone (0.23 to 0.18). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.23)
Ending of entry zone (0.18)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
New Take Profits:
TP1= @ 0.31
TP2= @ 0.40
TP3= @ 0.46
TP4= @ 0.66
TP5= @ 0.74
TP6= @ 0.96
TP7= Free
We opened 7 BUY trade(s) @ 0.18415803(day close price) based on a reversal candle ( Hammer ) at 07.12.2018 in our suggested support zone (0.23 to 0.18).
Total Profit: 75022783
Closed trade(s): 12584197 Profit
Open trade(s): 62438586 Profit
Closed Profit:
TP1 @ 0.31 touched at 03.21.2018 with 12584197 Profit.
Open Profit:
Profit for one trade is 0.28822234(current price) - 0.18415803(open price) = 10406431
6 trade(s) still open, therefore total profit for open trade(s) is 10406431 x 6 = 62438586
All SLs moved to Break-even point.
A New Trading Opportunity to Buy. TP3 hit with 136583902 profit.STELLAR/DOLLAR
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (0.31) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.21919402(day close price) based on the reversal candle ( Hammer ) & ( the Bullish Exit in RSI H4 ) at 03.18.2018.
Total Profit: 136583902
Closed trade(s): 51241794 Profit
Open trade(s): 85342108 Profit
Closed Profit:
TP1 @ 0.31 touched at 04.15.2018 with 9080598 Profit.
TP2 @ 0.40 touched at 04.20.2018 with 18080598 Profit.
TP3 @ 0.46 touched at 04.29.2018 with 24080598 Profit.
9080598 + 18080598 + 24080598 = 51241794
Open Profit:
Profit for one trade is 0.43254929(current price) - 0.21919402(open price) = 21335527
4 trade(s) still open, therefore total profit for open trade(s) is 21335527 x 4 = 85342108
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.66
TP5= @ 0.74
TP6= @ 0.96
TP7= Free
Technical analysis:
Stellar/Dollar is in an up trend and continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 67.