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Author Topic: Is XLM Consolidating Before a Breakout?  (Read 1030 times)

Shahinaz

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Is XLM Consolidating Before a Breakout?
« on: December 05, 2020, 02:49:11 PM »
The Stellar (XLM) price is consolidating inside a symmetrical triangle right below a long-term resistance area. While it is possible that XLM breaks down from the triangle and reaches a slightly lower low, the long-term trend seems to be bullish and XLM is expected to eventually break out above the resistance area.

Long-Term Levels

During the week of Nov. 16-23, the XLM price price created a significant bullish candlestick in the weekly time-frame. XLM followed it up with another considerable increase the next week. It culminated with a high of $0.23; a more than 200% increase in just two weeks.

XLM trades currently only slightly below the long-term $0.19 resistance area. It has not closed above this area since it initially broke down on Oct. 2018.

more :
https://beincrypto.com/is-xlm-consolidating-before-a-breakout/


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Is XLM Consolidating Before a Breakout?
« on: December 05, 2020, 02:49:11 PM »


damsix

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Re: Is XLM Consolidating Before a Breakout?
« Reply #1 on: March 27, 2021, 04:34:27 AM »
In terms of charts for cryptocurrency trading, I don't understand it because reading charts from Stellar requires a deeper understanding.
I have no interest in learning to read charts and this is definitely my constraint to judge about charts from Stelalr.
But I am sure that this Stelalr will continue to increase in price as time goes by for the increase of the Bitcoin price.

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Re: Is XLM Consolidating Before a Breakout?
« Reply #1 on: March 27, 2021, 04:34:27 AM »
:)

Sumaiya2

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Re: Is XLM Consolidating Before a Breakout?
« Reply #2 on: March 29, 2021, 05:48:45 PM »
Yes sir you have made a very nice post I agree with you.  Because the stellar coin cryptocurrency, however, occupies the place.  And one of the most popular coins is the Stellar Coin.  And the cryptocurrency of these coins is in great demand.

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Re: Is XLM Consolidating Before a Breakout?
« Reply #3 on: March 31, 2021, 11:58:01 AM »
In terms of charts for cryptocurrency trading, I don't understand it because reading charts from Stellar requires a deeper understanding.
I have no interest in learning to read charts and this is definitely my constraint to judge about charts from Stelalr.
But I am sure that this Stelalr will continue to increase in price as time goes by for the increase of the Bitcoin price.
In essence, stellar is a fairly good platform and a popular asset in the cryptocurrency market, but it is not enough to trade stellar cryptocurrency when the platform is used by a small number of developers of new projects. I believe that it is the new and promising developments using stellar that will make it more popular and in demand in the cryptocurrency market. Although the past year has been quite productive for the company, as many new partners have joined the network, including such a giant as IBM.
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Re: Is XLM Consolidating Before a Breakout?
« Reply #4 on: April 27, 2021, 03:25:42 PM »
The Stellar (XLM) price is consolidating inside a symmetrical triangle right below a long-term resistance area. While it is possible that XLM breaks down from the triangle and reaches a slightly lower low, the long-term trend seems to be bullish and XLM is expected to eventually break out above the resistance area.

Long-Term Levels

During the week of Nov. 16-23, the XLM price price created a significant bullish candlestick in the weekly time-frame. XLM followed it up with another considerable increase the next week. It culminated with a high of $0.23; a more than 200% increase in just two weeks.

XLM trades currently only slightly below the long-term $0.19 resistance area. It has not closed above this area since it initially broke down on Oct. 2018.

more :
https://beincrypto.com/is-xlm-consolidating-before-a-breakout/

Yes, you are right and i am agree with your post. I believe that XLM breaks down from the triangle and reaches a slightly lower low, the long-term trend seems to be bullish and XLM is expected to eventually break out above the resistance area.
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zorchy

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Re: Is XLM Consolidating Before a Breakout?
« Reply #5 on: June 06, 2021, 09:44:47 PM »
In the event of a large drawdown, the pullback will be fast as there are enough shark investors for its liquidity and retention.
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Re: Is XLM Consolidating Before a Breakout?
« Reply #6 on: September 07, 2021, 10:05:45 AM »
In the event of a large drawdown, the pullback will be fast as there are enough shark investors for its liquidity and retention.

Keep calm mate, if you still have XLM , I think you should hold.it.
Don't panic. Crypto currency market is growing up again now.
So, If  you have free money, buy more and hold it..
You will get the big profit while bullish.

 

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