Today we have STR/BTC on the 1h chart, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief overview.
As you can see we have just experienced a move from 0.00000400 to 0.00004900 within just 3 days which is around a 1000% increase in price.
This is extremely similar if not, the exact same as my analysis for ripple during April 2017.
Currently, price is trading in between the 0.50 and levels, if we see a break of the 0.50 we will be heading straight for 0.00005000, thus providing an excellent opportunity to buy!
Now taking a look at the 30m chart below, we are holding a great structure whilst respecting the 0.50, 0.618 and levels, keep an eye on the for an entry point on the move up.
I wish you all the best in your trading, feel free to connect with me below!
Next target is 4900, see you at the top.
Always analyse the chart, you can clearly see we are still making higher highs and higher lows.
Price failed to close below the 0.618 retracement level, I'll be watching this closely over the next 24 hours.
Both trendlines are holding well, let's see if we can break to the upside!
Expecting the momentum to continue.
I've created a Stellar Telegram group for everyone to share their analysis/opinion and speculate future price movements, you can join here: https://t.me/StellarLumens
This is not promotional, it's just to benefit all of you interested in Stellar as an investment.
As you can see price failed to close below the 0.618 retracement level which is acting as a pivot support.
We are still constantly making higher highs and higher lows which I have detailed on the chart.
The key levels to focus on are 2900 and 3400, if we see price break through both of these levels we will achieve our short term target of 4000.
Price is holding the 1500 support very well, keep watching this price structure for future positions.
Use the levels on the chart for areas to buy and sell :) thank you!