XLM

[Anonymous No.4053507]

Hey everyone! let's do some TA!

I've been watching stellar lumens (xlm/str) and running TA on it for the past couple of weeks, not the Ichimeme cloud stuff, just basics.

If you're looking for something to get into, a day or swing trade opportunity now is the time!

We had our movement up above the 700 mark off of the ascending wedge just as I called, (700 was conservative estimate, 800 was risky estimate) and we had a single peak break 700 and hit 770.
and then we formed pretty good support at 610, which has been a significant line over the past few weeks.
I've been watching the sell pressure mount since the peak, and it seems to be forming and currently about to break a descending triangle (bearish pattern), the bottom of the triangle also coincides with the 100 hour support line, and only 3.5% or 20 sat below that is the 200 hour support line.
we've had sell walls and strong sell pressure popping up repeatedly over the last day, and it looks like we're about to break support.

I'd estimate the real world value of xlm is about 550 sat, and it has been rising on a strong slow uptrend since the start of october,

our next major support level after 610 is 510, and after that there is the 430 to 400 range.

If you have wanted a good looking medium term hold, or good swing or day trade opportunity, now is the chance to get in.

my speculation: over the next day or two, xlm will go back down to 510, and find support.
put in a small order at about 550, and a larger order at 515/510, but make sure to leave enough to take size if we break the 510 support, but that is unlikely especially considering the support of the 21, and 100 day averages at about 490, which also indicates a strong bull signal as the 21 day is about to cross over and break above the 100 day, if that holds we have strong confirmation of medium/long term overall bull trend.
I'll be gone for about 45 min but should be back after that.
general info: trading on kraken using 1 hr, 15min, and 1day charts

[Anonymous No.4053522]

>>4053507
>TA
>crypto

KILL
YOUR
SELF
YOU
FUCKING
DEMENTED
FAGGOT

[Anonymous No.4053573]

>>4053522
>He doesn't believe in TA
>He believes he makes money by luck
>He believes he is gambling

[Anonymous No.4053601]

>>4053573
>TA
>cryto
>not whale manipulation happening behind the scenes to pump shitcoins and get BTC

DIE FAGGOT HAHAHAHAHAHAHAHA


AAAAAAAAAAAAAAHHAAHAHAHAHAHAHAHAHAHAH

[Anonymous No.4053608]

How would I make money off of XLM going down?

[Anonymous No.4053635]

>>4053608

do it the /biz way :D /bhsl/

[Anonymous No.4053641]

>>4053601
Of course there is manipulation behind, but do you think whales use random numbers to play their cards? Even they must know some TA Fucking idiot.

[Anonymous No.4053653]

>>4053635
>/bhsl/
what is that

[Anonymous No.4053668]

>>4053641

HAHAHAHAHAHAHAH

Fucking FAGGOT. Fucking dumb FAGGOT.

> 76547761 coins on the market
> 76547760 of them utter useless shitcoins
> whales coordinate between themselves and choose shitcoin of the day / week / month
> faggots try to PREDICT whales
> do it the /biz way
> buy high
> sell low

[Anonymous No.4053685]

>>4053608
you could short XLM, which means you essentially take out a loan of shares at the current price, and promise to return that number of shares at a certain point, leverage is essentially the ration of your funds to loan funds and affects the amount of "interest" you have to maintain and when you would get margin called.

the goal is to sell off other peoples shares, and buy that same number back once the price goes down. that way you bought back for less than the shares were worth at the start and get to pocket the difference after returning the loaned shares.

do some more research but know that using margin is inherently more risky, but does allow you to make some money on a down trend.

also, forgot to mention, additional support at 500 given buy that red line which is the 200hr on the 2hr chart, so it's the 400 hour on the 1hr chart, however that is a multiple that is rarely looked at but does give a good indication of swing

[Anonymous No.4053692]

>>4053507
>uses parabolic SAR
opinion discarded

[SAGE No.4053724]

>>4053692
kek, this
also
>not dumping this shitcoin with 3x gains post-IBM news

[Anonymous No.4053888]

>>4053724
>not dumping this shitcoin with 3x gains post-IBM news

N-no anon.

R-read the c-charts, hehe. The Sakamoto Naichi clouds are forming! H-he, h-he!

It surely can do ANOTHER 3x, r-right? This is crypto after all. R-remember when BTC was 5 cents? Hehe!