Stellar Looking as the MOON while it SINKS?XLM is at the upper line of the downward trend. There are high chances that it will fall even more then maybe retract. There are prospects for a reversal, but the news environment has to change for this to happen, and it didnt happen yet.
Is Stellar the next ETH or maybe the next BTC?
Xlmusdlong
XLM is in a beautiful triangle and waiting for some news!The Stellar network software is open-source and available to the general public. XLM is available almost on all exchanges that you know! It is very hard to find an exchange where XLM is not listed. I would not be surprised if it would get listed on Coinbase very soon!
In 2018, Stellar announced their affiliation with Keybase to eliminate the need for extended cryptographic addresses for international transactions.
In March 2018, the DigitalBits Project announced that they had forked the Stellar software to support the loyalty and rewards market as their initial use case
There is a lot of other good news!
Let's have a look at TA !
We can see that XLM is currently in the triangle and has a very good support. A strong uptrend, keep going up without any huge correction like other coins which are currently having an abnormal strong correction which seems to be endless!
We can wait days, weeks or months until the resistance is broken but after it is broken we can see a huge move from Stellar!
Enter:
1. 0.000034 - 0.000035
Sell:
1. 0.000041
2. 0.000048
3. 0.000058
4. 0.000065
Stellar may boom over 70% (check description)Stellar is very close to the lower trend-line formed by the two all time lows (very strong). In this regard it will be the first attempt to break it down considering the 2 points as supporting, therefore a cross now its very unlikely and another wave bounce to the high trend-line is more probable.
Also, NEWS are in favour of XLM, analysts from IBM confirmed the adoption of Stellar 0.00% for its Global Industries. Given the huge name that IBM is in the world of computers, there surely must be a reason they picked Stellar 0.00% instead of other Altcoins. Moreover, the Bank of Bahrain (richest country by GDP/capita) approved from the religious point of view the coin. This might seem useless, but aggregated the news are in the direction of a positive movement for XLM.
Recently BTC was hit by the ETF refusal, meaning that all the other coins suffered a hit, however there have been some namely: Bitcoin Cash , ETH or Stellar that have remained surprisingly stable give the situation. Also, more ETFs are being sent for approval to SEC and they are up for debate and more refusal will come, hurting BTC even more, but there will be a time in the future when one of those ETFs will be approved and that will spark the bubble again, making it much bigger than in January 2018.
Let me know what you think of Stellar and if it cam be a viable candidate for the bigger coins?
XLMUSD to test Resistance from May-2018 (Medium Risk) >300 pipsStellar has tested successfully the Support from May 2018 and bounced back up. Give the downwards trend of all Cryptos including BTC, it is likely to see another test of the line and maybe a breakthrough. However, Cryptos are very dependent on news, therefore any good news may take over the normal course of the Trend Analysis and bounce up again.
Moreover, the two semicircles colored in yellow show an interesting pattern evolving with periodical touches of the line. However, this pattern is coming to an end soon and we will se in which direction it will boom, but its for sure that when it comes out of it it will set a direction for some weeks.
Let me know if you like the idea and maybe have some comments too.
STELLER LUMEN TARGET ZONES Traders,
Here we have (XLM),(STR) 4H Chart.
After breaking out a few days ago we should touch the uptrend-line at price 0.433 and up-forward again to touch the Fibonacci golden level and determine the way to go after reaching this hard step.
Target zones are on the frame to reach may be days or weeks not months with bullish (BTC)
Regards,
Mohsen