I made this TA based upon a request from one of my followers. Prior to this, I had never invested in XLM, even though I had heard about it often, but I just never bothered to research it properly due to lack of time.
Nevertheless, the TA looks really good, and I have been told their will be news announced for Stellar.
So how do I approach this when I know nothing about a coin ?
1) I looked at the chart, and it's an incredibly strong chart. A clear uptrend with huge gains potential based on the Fibonacci targets and the nature of the uptrend.
2) I checked their reddit to learn more about the project, and check tweets with $xlm to see if anything interesting is happening soon
3) I checked their roadmap and white paper
4) Very strong partnerships
Everything is looking good and there is clear enthusiasm in their very big community.
From a TA perspective :
- If you look at the indicators that I love, it is oversold on the short term ( so it's a perfect opportunity to buy )
- We are still in an uptrend
- At the moment, XLM is facing a very healthy consolidation where whales are accumulating. The more it pumps, the more the accumulation period is longer. It's bouncing back every time it drops, so that's a very strong indicator.
- Everything right now depends on bitcoin, XLM can drop a little bit but it doesn't matter since it is a long hold and we are sure this will go up
I would personally invest in this, and it's at a very good buy price range. I will update this chart for buy range and sell strategies.
Nevertheless, the TA looks really good, and I have been told their will be news announced for Stellar.
So how do I approach this when I know nothing about a coin ?
1) I looked at the chart, and it's an incredibly strong chart. A clear uptrend with huge gains potential based on the Fibonacci targets and the nature of the uptrend.
2) I checked their reddit to learn more about the project, and check tweets with $xlm to see if anything interesting is happening soon
3) I checked their roadmap and white paper
4) Very strong partnerships
Everything is looking good and there is clear enthusiasm in their very big community.
From a TA perspective :
- If you look at the indicators that I love, it is oversold on the short term ( so it's a perfect opportunity to buy )
- We are still in an uptrend
- At the moment, XLM is facing a very healthy consolidation where whales are accumulating. The more it pumps, the more the accumulation period is longer. It's bouncing back every time it drops, so that's a very strong indicator.
- Everything right now depends on bitcoin, XLM can drop a little bit but it doesn't matter since it is a long hold and we are sure this will go up
I would personally invest in this, and it's at a very good buy price range. I will update this chart for buy range and sell strategies.
Kommentar:
Hope you are enjoying this trade. The fibonacci targets are spot on, and if you followed this, you would predict the top and sell at the top.
Kommentar:
Looking like a very good trade. As we can see, XLM is trading on the channel. A buy opportunity is presented if the market is stabilized.
Kommentar:
I would buy soon. It's on the lower channel. Unless bitcoin breaks and we have a bear run again
0.00003880 - 0.00004571
You can hold, or sell at Fibonacci targets