Bull Flag/Pennant with a Strong Breakout with High Volume
Bounced Strong Off New Bottom After Massive Crypto Correction yesterday on the S. Korean Fake/Hype News FUD (Fear, Uncertainty and Doubt).
10 & 50 EMA (day moving average) are curled in a nice upward direction.
MACD crossed bullish green curling upwards with lots of buying room.
Once it gets through this resistance level into the mid 0.70's there is low resistance through to new highs.
Transactions on the decentralized Stellar network resolve in 2-5 seconds for a fraction of a cent, aiming for low-cost payments between different currencies. Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation. With a team of top technology and finance professionals, the nonprofit Stellar 0.00% .org expands access to low-cost financial services to fight poverty and maximize individual potential. Stellar 0.00% (Lumens) (STR/XLM) is supported by IBM , Deloitte, Stripe, Google.org, Blackrock and loads of other big companies.
Stellar has less than half the circulating supply as Ripple, yet currently is less than a quarter the price of Ripple. It also has a far more clearer humanitarian objective than any altcoin that I have seen articulated thus far.
Looks interesting to me with still a lot of upside potential. US Dollar parity is getting closer and closer, as it goes the way of Ripple. $10 USD parity in 2018? Given the way this market can sometime move, as well as the fact that STR ( XLM ) is valued far less than any other of the top 18 crypto currencies, I wouldn't be surprised at all to see it pass 1 USD parity in the coming weeks-month and even break the double digit value (i.e. $10) in 6-12 month's time, but who knows.
Stellar has one of, if not the most transparent and informative sites in the industry: see stellar.org/ Check it out.
Stellar Development is led by Jed McCaleb (resuming development of the open-source technology he created at Ripple), founder of edonky and Mt. Gox before selling it to the one who messed it up, and Professor David Mazières (head of Stanford’s Secure Computer Systems group, creator of SFS and bcrypt).
The Foundation is led by Joyce Kim as Executive Director (former attorney and VC with public interest experience).
The Foundation’s board is Keith Rabois (early Paypal, former COO at Square), Patrick Collison (CEO of Stripe), and Jed McCaleb.
The Foundation is advised by Dan Kaminsky, Joi Ito, Ronaldo Lemos, Linda Stone, Sam Altman, Naval Ravikant, Jackson Palmer, Greg Stein, and Matt Mullenweg.
Stripe has provided initial funding to help get the network off the ground.
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
All the best luck trading
Trade ativo
There's a volume spike now pushing up near the 0.70 price point.
Trade ativo
Short Term Target, using the measure rule of the Bull Flag Tip Trading Method where A is equal to B gives us a short term price target of $1.13 USD. Other versions of this method begin the B measurement at the breakout point, which would put the target at $1.26 USD.
Trade ativo
It's looking like over the weekend the bears have formed another bull flag/pennant that it is just starting to breakout out of. It just needs some volume to move in here; which I am expecting later today to pick up for the week, as 2017 bonuses start to go out on Wall Street and more and more eyes are on the many positive aspects of XLM/STR.
The TA, as I see it, seems to all be pointing in the direction of $1.13 by the end of the month, which would be nearly an 80% price increase in 2 weeks.
Trade ativo
I wanted to share a few thoughts in the wake of seeing so many FUD (Fear, Uncertainly and Doubt) charts the last few days.
Volume is a big factor to consider in TA and I can't emphasize that enough. Volumes on a monthly Poloniex chart has been relatively low in this "correction". Other than a spike or two, the last day or so is even generally lower than the week before Christmas when it was trading essentially sideways. What does this mean? To me it tends to negate a lot of the validity seen in many "negative" Technical Analysis charts so many have been sharing the last day or two. It also strongly suggests to me that once the storm blows over, the dust starts to settle and confidence is restored, it will likely go stellar fairly quickly again. This is especially the case with Stellar Lumens, which I view as being very well positioned to have significant impact on the world. Now is a good time to step back from the FUD and look at the bigger picture and fundamentals of Stellar.
I made a playlist on YouTube, which can help clarify better what Stellar is and is all about at goo.gl/hhZSzj
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
All the best luck trading
Trade ativo
Bottoming Out? Still average volume? Take Two
Check out this screenshot of a HUGE Wall of #Stellar Buy Orders on Poloniex:
It's getting a Bounce from what is pretty close to a Double Bottom and Breaking Out Of 1st Resistance Level. So far so good. It just needs some serious volume now.
Whoever was selling this down can throw the kitchen sink at it, but sooner or later you can push the ball down only so far under water before the laws of physics take over and it pops back up. It's like the end of last year on price point all over again for those looking to get in.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.