XLM/USD (Stellar) Price; Is This a Pullback or Bearish Reverse?

XLM/USD (Stellar) Price; Is This a Pullback or Bearish Reverse?

STELLAR Price Analysis – April 07

In case the bulls maintain their momentum, resistance level of $0.50 may be penetrated and the price will increase towards $0.57, and $0.65. In case the bears, breakdown the support level at $0.42, Stellar will decrease to $0.33 and $0.22 levels.

XLM/USD Market
Key Levels:

Resistance levels: $0.50, $0.57, $0.65

Support levels: $0.42, $0.33, $0.22

XLM/USD Long-term Trend: Bullish

Stellar is bullish on the daily chart. XLM eventually breakout towards north side. The crypto was on the ranging movement for more than two weeks within the former resistance level of $0.42 and support level of $0.33. The bulls prevail over the bears and the resistance level of $0.42 turns to support level.

XLMUSD daily chart, April 07

Stellar price has cross the two EMAs upside and it is trading above the 9 periods EMA and 21 periods EMA with the two separate from each other which indicate that bulls are dominating Stellar market. The price is currently carrying out retracement. In case the bulls maintain their momentum, resistance level of $0.50 may be penetrated and the price will increase towards $0.57, and $0.65. In case the bears, breakdown the support level at $0.42, Stellar will decrease to $0.33 and $0.22 levels. The relative strength index period 14 is exhibiting sell signal at 50 levels with the signal line bending down.

XLM/USD Medium-term Trend: Bullish

XLM is on the bullish movement in the 4-hour chart. The resistance level at $0.42 could not hold the price when the bulls gained more pressure. The price soared towards the resistance level of $0.57. Today, the sellers are trying to push the price to retest the broken level. It seems sellers are dominating the market at the moment.

XLMUSD 4–hour chart, April 07

The price is trading below the 9 periods EMA and 21 periods EMA with the two EMAs separate from each other to indicate bearish momentum. The Relative Strength Index period 14 is at 50 levels and the signal line is exhibiting sell signal.

 

 

 

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XLM/USD (Stellar) Price Is Awaiting a Breakout

XLM/USD (Stellar) Price Is Awaiting a Breakout

STELLAR Price Analysis – March 31

When the bulls break up the resistance level of $0.42, the price will increase towards $0.50, and $0.57. In case the bears, breakdown the support level at $0.33, Stellar will decrease to $0.22 and $0.16 levels.

XLM/USD Market
Key Levels:

Resistance levels: $0.42, $0.50, $0.57

Support levels: $0.33, $0.22, $0.16

XLM/USD Long-term Trend: Ranging

Stellar continues on the ranging movement on the daily chart. The coin has been experiencing low volatility for more than three weeks. The bulls’ pressure is weak and could not break up the resistance level of $0.42. The bears’ pressure is not sufficient to penetrate the support level of $0.33, that is what make the ranging movement continues.

XLMUSD Daily chart, March 31

Stellar continues hovering over the two EMAs and the 9 periods EMA remains interlocked with the 21 periods EMA which indicate that consolidation continues in the XLM market. Breakout is eminent in the Stellars’ market. When the bulls break up the resistance level of $0.42, the price will increase towards $0.50, and $0.57. In case the bears, breakdown the support level at $0.33, Stellar will decrease to $0.22 and $0.16 levels. The relative strength index period 14 is exhibiting sell signal at 50 levels with the signal line bending down.

XLM/USD Medium-term Trend: Ranging

XLM is on the ranging movement in the 4-hour chart. The resistance level at $0.42 holds the price, likewise, the support level at $0.33 holds and the price awaiting a breakout. Stellar continues its trading within the $0.42 and $0.33 price level. The ranging movement may continue until the bulls’ pressure increase to break up the barrier at $0.42 or the bears’ pressure increase to break down the support level at $0.33.

XLMUSD 4-hour chart, March 31

The price is trading over and around the 9 periods EMA and 21 periods EMA with the two EMAs interlocked to each other. The Relative Strength Index period 14 is at 50 levels and the signal line is exhibiting sell signal.

 

 

 

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XLM/USD (Stellar) Price; Will There Be a Bullish Breakout at $0.42 level?

XLM/USD (Stellar) Price; Will There Be a Bullish Breakout at $0.42 level?

STELLAR Price Analysis – March 24

The bulls’ ability to break up the resistance level of $0.42 will push up the price towards $0.50, and $0.57 may be tested. On the other hand, the breakdown of the support level at $0.33 will push down the price to $0.22 and $0.16 levels. However, the relative strength index period 14 is parallel at 50 levels which connotes ranging market.

XLM/USD Market
Key Levels:

Resistance levels: $0.42, $0.50, $0.57

Support levels: $0.33, $0.22, $0.16

XLM/USD Long-term Trend: Ranging

On the daily chart, Stellar continues on the ranging movement. The bulls are yet to gain more pressure to break up the resistance level at $0.42. The same thing with the bears, their momentum is weak and could not break down the support level at $0.33. It seems their momentum is at equilibrium and that is what make the ranging movement continues in the XLM market.

XLMUSD daily chart, March 24

The price is trading over and around the two EMAs and the 9 periods EMA remains interlocked with the 21 periods EMA which indicate that consolidation continues in the XLM market. XLM is awaiting a radical fundamental events is to breakout the price from the ranging level. The bulls’ ability to break up the resistance level of $0.42 will push up the price towards $0.50, and $0.57 may be tested. On the other hand, the breakdown of the support level at $0.33 will push down the price to $0.22 and $0.16 levels. However, the relative strength index period 14 is parallel at 50 levels which connotes ranging market.

XLM/USD Medium-term Trend: Ranging

XLM is on the ranging movement in the 4-hour chart. The coin continues its trading within the $0.42 and $0.33 price level. The bulls’ pressure remains low and could not push up the price. In the same vein, the bears’ pressure is equally weak and could not push down the price to penetrate $0.33 level. The price is ranging within $0.42 and $0.33price level. The market is awaiting a radical fundamental events to break the coin away from consolidation mode, otherwise, consolidation continues until there is a volatility in the Stellar’s market.

XLMUSD 4 -hour chart, March 24

The price is trading over and around the 9 periods EMA and 21 periods EMA with the two EMAs interlocked to each other. The Relative Strength Index period 14 is at 50 levels and the signal line is not exhibiting specific market direction.

 

 

 

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XLM/USD (Stellar) Price; Ranging Movement Continues Within $0.42 and $0.33

XLM/USD (Stellar) Price; Ranging Movement Continues Within $0.42 and $0.33

STELLAR Price Analysis – March 17

The breakup at the resistance level of $0.42 will drive the price towards $0.50, and $0.57. In the same vein, the breakdown of the support level at $0.33 will decrease the price to $0.22 and $0.16 levels.

XLM/USD Market
Key Levels:

Resistance levels: $0.42, $0.50, $0.57

Support levels: $0.33, $0.22, $0.16

XLM/USD Long-term Trend: Ranging

Stellar continues on the ranging movement. The breakout from the symmetrical triangle on the daily chart has not favored the buyers nor the sellers. Traders are expecting a breakout to the north or south but the bulls and the bears have not gain enough momentum to drive the market. The ranging movement still continues within the resistance level of $0.42 and support level of $0.33.

XLMUSD Daily chart, March 17

The 9 periods EMA remains interlocked with the 21 periods EMA and the price is trading over and around the two EMAs which indicate that consolidation continues in the XLM market.  A radical fundamental events is needed to breakout the price from the ranging mode. The breakup at the resistance level of $0.42 will drive the price towards $0.50, and $0.57. In the same vein, the breakdown of the support level at $0.33 will decrease the price to $0.22 and $0.16 levels. However, the relative strength index period 14 is pointing up at 50 levels which connotes buy signal.

XLM/USD Medium-term Trend: Ranging

XLM is ranging within the $0.42 and $0.33 price level. The buyers’ pressure remains low and could not drive up the price. Likewise, the sellers’ pressure is equally weak and could not push down the price beyond $0.33 level. The price is ranging within $0.42 and $0.33price level. Radical fundamental events may be needed to break the coin away from consolidation mode, otherwise, consolidation continues until there is a volatility in the Stellar’s market.

XLMUSD 4-h-our chart, March 17

The price is trading over and around the 9 periods EMA and 21 periods EMA with the two interlocked to each other. The Relative Strength Index period 14 is at 50 levels and the signal line is not displaying specific price direction.

 

 

 

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Stellar Price; Will Sellers Prevail Over Buyers?

Stellar Price; Will Sellers Prevail Over Buyers?

STELLAR Price Analysis – March 10

The price may decline to $0.33 and $0.22 provided the bears increase their momentum and the price slide down away form $0.42 level. In case the bulls prevail, the price may increase to the resistance level at $0.50 and $0.57

XLM/USD Market
Key Levels:

Resistance levels: $0.42, $0.50, $0.57

Support levels: $0.41, $0.33, $0.22

XLM/USD Long-term Trend: Ranging

Stellar is on the ranging movement. The price action formed a symmetrical triangle on the daily chart last two weeks. Traders are expecting a breakout to the north or south. The bulls and the bears lose momentum; that is their momentum are at equilibrium and that is what leads to price consolidation at $0.42 price level.

XLMUSD daily chart, March 10

The daily chart has shown that 9 periods EMA is interlocked with 21 periods EMA and the price is trading over and around the two EMAs. In addition, the relative strength index period 14 is parallel to 50 levels which connotes that consolidation is in progress. The price may decline to $0.33 and $0.22 provided the bears increase their momentum and the price slide down away form $0.42 level. In case the bulls prevail, the price may increase to the resistance level at $0.50 and $0.57

 XLM/USD Medium-term Trend: Ranging

XLM is consolidating at the $0.42 price level. The buyers’ pressure is at low level. Likewise, the sellers’ pressure is nothing to write home about. The price is currently consolidating at $0.42 price level. Radical fundamental events may be needed to break the coin away from consolidation mode, otherwise, consolidation continues until there is a volatility in the Stellar’s market.

XLMUSD 4 hour chart, March 10

The negative spike could test the important support of $0.33. Further push by the bears may bring the coin to the low support level of $0.22. The RSI (14) moves into the 50 levels and the signal line is yet to exhibit a specific direction.

 

 

 

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Stellar Price Is Declining Towards $0.22, Pullback Is Inevitable

Stellar Price Is Declining Towards $0.22, Pullback Is Inevitable

STELLAR Price Analysis – February 24

The price will reach $0.22 and $0.16 provided the support level of $0.33 does not hold. In case the $0.33 holds, the price may increase to the resistance level at $0.50 and $0.57 if the $0.42 level permits. Meanwhile, the relative strength index period 14 is at 40 levels displaying a bullish signal.

XLM/USD Market
Key Levels:

Resistance levels: $0.42, $0.50, $0.57

Support levels: $0.33, $0.22, $0.16

XLM/USD Long-term Trend: Bearish

Stellar started a bullish movement on 06 January after several days of consolidation; this is clearly noticed when the long daily bullish candle emerges that breaks up the resistance level of $0.21. More bullish candles continue to emerge and the price inclines towards the $0.50 price level. The cryptocurrency soared higher with the formation of strong daily bullish candles, targeted and tested the $0.57 resistance level. The mentioned resistance level prevented further increase and the price drops to $0.33 level.

XLMUSD Daily chart, February 24

The daily chart has shown that sellers are dominating the market. The price has cross over the 9 periods EMA and 21 periods EMA downside and the former EMA is attempting to cross the later downside to confirm the beginning of a bearish trend. The price will reach $0.22 and $0.16 provided the support level of $0.33 does not hold. In case the $0.33 holds, the price may increase to the resistance level at $0.50 and $0.57 if the $0.42 level permits. Meanwhile, the relative strength index period 14 is at 40 levels displaying a bullish signal

XLM/USD Medium-term Trend: Bearish

Stellar’s performance is becoming low in the medium-term outlook, this may be due to a persistence pressure from the sellers of Stellar. In other words, the price actions are in downward trend after it breaks out at the $0.50 price level. The market is moving lower and this may continue unless there is a strong opposition from the bulls or the support level at $0.33 holds.

XLMUSD 4- hour chart, February 24

The negative spike could test the important support of $0.22. Further push by the bears may bring the coin to the low support level of $0.16. The RSI (14) moves into the 50 levels and the signal line pointing up to indicate the buy signal which may be a pullback

 

 

 

 

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Have you invested in an extremely rare opportunity of a lifetime?

Have you invested in an extremely rare opportunity of a lifetime?

The Next “Buzz Word” Altcoins
Last month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month.

Let me put this into perspective. In late 2017, I said that cryptoassets were the biggest institution revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions, however, were not ready or capable of participating in that revolution so they “pooh-poohed” it. The SEC decided that most altcoins were securities which precipitated a huge bear market. By the end of 2018, cryptos had undergone an 85% decline and BTC hit a low price of $3,236.76 on Dec 15, 2018. But then look what happened.
BTC was up 92.71% in 2019
It was up 305.94% in 2020
And it’s up 75.42% in less than 50 days of 2021….

What did I say in 2018? There was actually a period from October through November last year when I made over $3 million in 7 weeks. Cryptos are the investment of a lifetime.

While BTC could go up another 10 fold in the long run, I doubt that it will go much over $100,000 this year…. But the opportunity of a lifetime is not over because now the altcoins are starting to move. Here are a few examples, and this is just the movement in 2021.

BNB 289%
ETH 144%
LINK 178%
SNX 215%
AAVE 397%
CND 145%

And remember those gains are just from the 48 days of 2021….

You can purchase crypto coins here.  

Update on Cryptoassets
I think that there are a number of altcoins that could go up 10 times or more during the rest of 2021. Now we might have a decline of 40% or more during the year, but it probably will be short-lived with a very quick recovery…
BTC was up 92.7% in 2019, 305.94% in 2020, and in the first six weeks of 2021, it’s up 74.22%. Let’s contrast that with the other hedge against the USD and disaster, gold. Gold was up 20.94% in 2019, up 18.32% in 2020, and it’s down 5.1% so far in 2021. The path of safety is now BTC.

Gold has about 10 times more market cap than cryptos right now (even though cryptos are now over a trillion for the 1st time). If all of the money in gold went into BTC, BTC’s price would be about $370,000…

People talk about BTC being volatile and risky. But where can you find something that has made over 1,000% in 3 of the last 11 years, over 100% in 8 of them, and had only two losing years? There is only one other place than BTC with anywhere near equal performance – other cryptoassets.
If you had bought BTC at the beginning of 2012 (well, not at the very beginning), you would have turned $1,000 into more than $7.1 million (up $4.5M last month)…

Remember these are 30-day percent gains. This is probably the easiest market possible to make a lot of money. You could, however, just as easily enter a position and immediately have a 25% drawdown – which could cause you to exit and then miss out on some nice gains. If you don’t have strong beliefs about cryptos like I do, crypto volatility will test you…

This newsletter makes no recommendations about cryptos but is a free service… I personally own positions in most of the cryptos mentioned in this newsletter.

Author: Van K. Tharp, PhD

Note: This article was culled and abridged from a monthly cryptos update by Dr. Van Tharp. The full article can be accessed here.

You can purchase crypto coins here. 

 

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Stellar’s XLM is flying but there’s still plenty of headroom for buyers

Stellar’s XLM is flying but there’s still plenty of headroom for buyers

Stellar Lumens (XLM) has more than doubled in value over the past week and on a 1-day view it is up 77%.

The breakout follows news that the Ukrainian government has partnered with the Stellar Development Foundation to build a central bank digital currency (CBDC) for the country.

Currently priced at $0.34, the token is still way off its all-time intra-day high at $0.94 printed on 5 January 2018.

Altcoin season is in full flow as market participants go on the hunt for the next bitcoin. But unlike bitcoin, which is finding a role as digital gold, XLM was designed first and foremost to solve the cost and efficiency problems associated with cross-border financial transactions.

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Its scalability and cheapness to operate as compared to say Ethereum, makes its underlying technology particularly attractive and perhaps explains the interest from Ukraine, although it is unlikely that the country will be using the XLM blockchain, although a permissioned version is certainly a possibility.

The tie-up with Stellar does not stop at developing a CBDC though, as the country also wants to leverage the Stellar team and tech to help it put in place an infrastructure for virtual assets in the country.

What is Stellar and how’s adoption going?

Stellar was founded by Jed McCaleb in 2014 after he left Ripple. As with Ripple, Stellar is designed for cheap and fast cross-border transactions, but unlike Ripple is open source and the Ripple Foundation is a non-profit organisation. Its core product functions in a similar way to RippleNet, using funded gateways and a bridging currency for instant transactions.

Stellar has been racking up some impressive partnerships, in recent years.

For instance, US tech giant IBM is using the Stellar blockchain to build its IBM Blockchain World Wire product. The bridging currency does not use XLM but instead an IBM-Stellar developed stablecoin called Anchor USD, which runs on the Stellar blockchain. Anchor USD is insured by the US Federal Deposit Insurance Corporation.

Other partners include Wirex, fund management firm Franklin Templeton, payment fintech Stripe. Mexico-based Saldo, which is building a remittance network, and TEMPO which is doing the same for the eurozone countries.

There are likely to be more partnerships coming down the pipe, especially after this latest breakthrough at the sovereign level.

Ukraine has one of the highest rates of crypto adoption in the world and a tech savvy workforce. But with CBDCs and stablecoins already a trend that set to become further entrenched as China readies the launch of its digital yuan with two largescale trials already completed, Stellar is well-placed to be a beneficiary.

Also, given the regulatory troubles of Ripple Labs, the issuers of XRP, it looks very much like many of the XRP warriors, if not entirely giving up on Ripple, are certainly providing momentum for XLM’s advance. (It is worth noting that outside of the US XRP is recognised as a currency in a number of jurisdictions, most notably Japan and that may have stopped the bleeding in the XRP price for the moment. Also, hopes of new management at the Securities and Exchange Commission that takes a different view as to whether Ripple issued an unregistered security when it distributed XRP may also help.)

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Given this week’s huge run-up, a pull-back may be around the corner for XLM, but with the token a long way off its all-time highs, entry even at these levels will probably be rewarding, assuming buyers have the stomach to ride out the near-term volatility. Having said that,  waiting for an imminent pullback may be prudent.

The technical view

XLM-USD 4-hour price chart
(XLM/USD 4-day chart, Kraken, 6 January 2021 Courtesy TradingView)

Although the relative strength index (RSI) is flashing a strong overbought signal, the price appreciation on such strong volumes will reassure bulls entering at even these elevated levels.

The speed of the climb higher means that the 50-day moving average (MA) is still below the 200 MA, as a golden cross looms, providing further encouragement for daring bulls.

The risk profile of altcoins has improved when measured against bitcoin. Put that another way – BTC keeps printing new gigantic highs but the vast majority of alts are yet to do so, although Ethereum looks like the most likely to at least recapture its all-time high.

But with bitcoin set to continue its upward trajectory, helped along by the Democrats’ likely control of all three branches of the US government which some see as adding to the possibility of the return of inflation, it should keep the wind blowing into the sails of the alts, XLM included.

 

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  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Gary McFarlane

Gary McFarlane

The author is the financial editor at Finixio, the publisher of buyshares.co.uk, stockapps.com, learnbonds.com and insidebitcoins.com. Gary was the cryptocurrency analyst at the UK's second-largest investment platform, interactive investor, from 2017 to August 2020. Gary is the winner of the Best Cryptocurrency Writer 2018 ADVFN International Awards