POLONIEX:STRUSD   Stellar / US Dollar (calculated by TradingView)
Stellar continues to be one of the most attractive Altcoins, considering the recent performance. Since 15th of September, when it tested the low at $0.0063, it showed a good growth, rising up to $0.048, with a healthy 675% growth.

After that, a corrective wave down followed, where STR/USD rejected the $0.024 support, which previously was a strong resistance. At the same time, it rejected the 200 Moving Average for the second time, confirming the validity of the uptrend.

Stellar is likely to continue going upwards within the uptrend channel , either towards a double top at $0.0048 or one of the Fibonacci resistance levels. $0.082 currently is seen as a strong resistance, although it could go higher if broken. A daily close below the $0.024 might have a negative effect on Stellar , and send it lower, so this support area should be watched closely.
Comment: time to fly
Comment: Almost reached target 3
Comment: 3RD Target reached
Comment: Final target reached
Trade closed: target reached
do you think its gonna retrace a lot now?
Reply
HiTech MuMPiTz
@MuMPiTz, I have no idea, my target reached i am out, very simple
Reply
MuMPiTz HiTech
@HiTech, alright, i think im gonna hold because i suck at trading :/
Reply
but there are a lot of good announcements expected in the first two weeks of December. Maybe you should keep holding it? I would!
Reply
HiTech UmerDurrani
@UmerDurrani, buy the rumors, sell the news.....
Reply
@HiTech, Can you explain this concept to me.
Reply
HiTech TheCryptoLabs
@TheCryptoLabs, there is no concept, its just how it works most of the time, when good news are expected, it usually goes down
Reply
@HiTech, Why?

High expectations, huh?

What about the "buy the rumor" part?

So you buy it when there is a "rumor" of news coming out?
Reply
HiTech TheCryptoLabs
@TheCryptoLabs, no idea why, just the way it is, i buy when i see a signal
Reply
@HiTech, Hmm, I see.

Thank you for the golden nugget.
Reply
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