Be patient with XLMUSD, it's time will come
Hello everyone,
today I choose to talk about XLM.
Many consider it a dead coin, since it did not make a new ATH in 2021. But I prefer trading with verified coins that have been around for long enough to establish patterns in their charts. And I trade based on these patterns.
This is a weekly chart of XLMUSD.
It is one of the sleepiest coins. But when it wakes up, it is a rocket.
How to read my chart:
- When XLM is in bull market, it respects 21 weekly EMA -> price action above it. (arrow up)
- When XLM is in bear market, it respects 21 weekly EMA -> price action below it.
- In accumulation, price action plays with 21 weekly EMA, goes above it then below, then again above it, and below... (rectangle)
Sure, this does not help, right. How could you know if we are still playing with 21 weekly EMA or is this cross above start of parabolic rise. Well, the answer lies in RSI.
XLM goes parabolic once weekly RSI crosses above 70 (circle). We are not there yet so I do not expect fireworks tomorrow. Remember, XLM is one of the last ALTs in the bull run to wake up, that is why its bull runs are so violent. Because once it wakes up it makes up for all the sleeping in matter of few weeks.
More info on XLM:
- XLM created its base (red line). It has respected it since 2018. It has touched it in 2023 and 2024.
- People think XLM slept through 2023 bull run and hence is dead. But the fact is that the 2023 bull run is still not over and XLM will mark the end of it with its parabolic run.
I have started to slopwly accumulate XLM with the money gained from BTC and other ALTs that have already surged.
XLM potential is from 5x to 15x. You choose and determine where you want to take profit. BUT MAKE SURE TO TAKE THE PROFIT!
And remember: If you buy low, you do not need coin to break ATH to make substantial amount of money. Buying price is much more important then selling price.
Good luck.
P.S. Check my other posts. If you find value in my ideas, boost and share them.
If you want to stay notified, follow me.
today I choose to talk about XLM.
Many consider it a dead coin, since it did not make a new ATH in 2021. But I prefer trading with verified coins that have been around for long enough to establish patterns in their charts. And I trade based on these patterns.
This is a weekly chart of XLMUSD.
It is one of the sleepiest coins. But when it wakes up, it is a rocket.
How to read my chart:
- When XLM is in bull market, it respects 21 weekly EMA -> price action above it. (arrow up)
- When XLM is in bear market, it respects 21 weekly EMA -> price action below it.
- In accumulation, price action plays with 21 weekly EMA, goes above it then below, then again above it, and below... (rectangle)
Sure, this does not help, right. How could you know if we are still playing with 21 weekly EMA or is this cross above start of parabolic rise. Well, the answer lies in RSI.
XLM goes parabolic once weekly RSI crosses above 70 (circle). We are not there yet so I do not expect fireworks tomorrow. Remember, XLM is one of the last ALTs in the bull run to wake up, that is why its bull runs are so violent. Because once it wakes up it makes up for all the sleeping in matter of few weeks.
More info on XLM:
- XLM created its base (red line). It has respected it since 2018. It has touched it in 2023 and 2024.
- People think XLM slept through 2023 bull run and hence is dead. But the fact is that the 2023 bull run is still not over and XLM will mark the end of it with its parabolic run.
I have started to slopwly accumulate XLM with the money gained from BTC and other ALTs that have already surged.
XLM potential is from 5x to 15x. You choose and determine where you want to take profit. BUT MAKE SURE TO TAKE THE PROFIT!
And remember: If you buy low, you do not need coin to break ATH to make substantial amount of money. Buying price is much more important then selling price.
Good luck.
P.S. Check my other posts. If you find value in my ideas, boost and share them.
If you want to stay notified, follow me.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.