XLMUSDT breaking out Flag Patter 5th WaveTechnical Analysis:
1. Backtesting within 7 days shows no clear patterns for MACD, RSI, BOLL, and KDJ indicators.
2. Backtesting within 30 days also does not show any clear patterns for MACD, RSI, BOLL, and KDJ indicators.
3. The current BOLL support price is $0.1201 and the resistance price is $0.1231.
Fundamental Analysis:
1. Stellar (XLM) is an open network that aims to facilitate the movement and storage of money.
2. The native token of the Stellar network is called lumens.
3. Stellar aims to boost financial inclusion and enable financial firms to connect with each other through blockchain technology.
4. The total token supply is 50,001,802,942 XLM, with a circulating supply of 23,404,278,684 XLM.
5. The current market cap of Stellar is $3,506,513,084.
6. The current price of XLM is $0.12226, with a 24-hour price change of +2.34% and a 7-day price change of +6.21%.
7. The trading volume for today is $3,232,809.16.
Market Sentiment:
1. The Market Sentiment Index is 82, indicating extreme greed.
Based on the technical analysis, there are no clear patterns indicating a specific trend for XLM within the past 7 days or 30 days. However, the current BOLL support and resistance prices can be used as reference levels.
Considering the fundamental analysis, Stellar aims to revolutionize the financial industry and enable cost-effective cross-border asset trading. The market sentiment is currently indicating extreme greed.
Please note that this analysis is based on the provided data and does not take into account any external factors or future events that may impact the price of XLM.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; please make decisions cautiously
Xlmusdtlong
💡Don't miss the great buy opportunity in XLMUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3413).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.3679
TP2= @ 0.3902
TP3= @ 0.4100
TP4= @ 0.4314
TP5= @ 0.4581
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XLMUSDT Technical AnalysisXLMUSDT has formed a Falling Wedge with 4 rejection at the Resistance and 3 Rejection at the Support. Meanwhile we see a Divergence in RSI which indicates a potential uptrend. There might be the 5th Rejection at the Resistance also or it might just break above the Resistance and goes higher. If we get the 5th Rejection at the Resistance then a Pullback to 0.283 is expected before the price goes higher to at least 0.352. In either cases we need to see the lower time frame before we enter any trade. If we get the confirmation at the lower time frames it would be safe to enter.
Buy at Resistance Breakout or Buy at 0.283
SL @ 0.26
TP1 @ 0.352
TP2 @ 0.434
TP3 @ 0.53
Happy Trading :)