Stellar (STR/XLM) Double Bottom Reversal Confirmation w/Volume
Stellar (STR/XLM)
Double Bottom Reversal
Confirmation with Heavy
Upwards Volume Buy Signal
MACD is just breaking green curling upwards from well below zero zero. RSI is oversold with lots of buying room upwards.
Interestingly, Stellar was a hardfork from Ripple in 2014. 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.
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 www.stellar.org/ Check it out.
I also found these videos simple, straight forward and very informative:
youtu.be/rRk2FoEy2Ew
youtu.be/GIMOrsPxlZg
youtu.be/EA53r43vGCA
youtu.be/CRL-Yhw0NSM
youtu.be/2tgF7G8MtY4
youtu.be/dHkrrMg9RUw
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.
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
All the best luck trading
Double Bottom Reversal
Confirmation with Heavy
Upwards Volume Buy Signal
MACD is just breaking green curling upwards from well below zero zero. RSI is oversold with lots of buying room upwards.
Interestingly, Stellar was a hardfork from Ripple in 2014. 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.
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 www.stellar.org/ Check it out.
I also found these videos simple, straight forward and very informative:
youtu.be/rRk2FoEy2Ew
youtu.be/GIMOrsPxlZg
youtu.be/EA53r43vGCA
youtu.be/CRL-Yhw0NSM
youtu.be/2tgF7G8MtY4
youtu.be/dHkrrMg9RUw
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.
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
All the best luck trading
Trade active:
It's starting to break out to the upside of the Bull Flag/Pennant/Triangle.
MACD is turning green moving just up to break the zero level. So lot's of room there for the upside.
Other than the double bottom support area, what I see on the Poloniex Market Depth chart for STR is support from mid .50's and getting larger down to .50, the first wall, then a monster buy wall at .46. So that is HUGE support.
One thing to note that I find very important for Stellar is the wall that goes off the chart around .25 nearly half way on the buy side of the screen (i.e. the entire left of that is green even hundreds of billions of dollars waiting to buy orders). Not even BTC or ETH have that heavy of buy orders in the wait. That suggests to me that a huge amount of interest and money is interested in Stellar. Of course that can change, but with a buy wall like that, I doubt it will change that much. I can't say I've ever seen a wall quite as big as that. Which to me is like seeing an army of Bulls waiting to run this thing up to the moon when the time is right. The higher we go, the more of those orders will be moved higher to help push it up. Just my thoughts at least.
MACD is turning green moving just up to break the zero level. So lot's of room there for the upside.
Other than the double bottom support area, what I see on the Poloniex Market Depth chart for STR is support from mid .50's and getting larger down to .50, the first wall, then a monster buy wall at .46. So that is HUGE support.
One thing to note that I find very important for Stellar is the wall that goes off the chart around .25 nearly half way on the buy side of the screen (i.e. the entire left of that is green even hundreds of billions of dollars waiting to buy orders). Not even BTC or ETH have that heavy of buy orders in the wait. That suggests to me that a huge amount of interest and money is interested in Stellar. Of course that can change, but with a buy wall like that, I doubt it will change that much. I can't say I've ever seen a wall quite as big as that. Which to me is like seeing an army of Bulls waiting to run this thing up to the moon when the time is right. The higher we go, the more of those orders will be moved higher to help push it up. Just my thoughts at least.
Trade active:
That mega Buy Wall on Poloniex (the largest US exchange) could be evidence to the many rumors that IBM, Stellar Lumens and Wells Fargo have something happening this month. Wells Fargo is one of the largest US banks and at over 300B USD market cap is twice the market cap of IBM. IBM was already significant news several months ago. If anyone has any info on this possibility, feel free to share.
Trade active:
Heavy correction down to new short term low at 0.46. One or more whales jumped out, then in, then out, of most everything crypto... It hit petty much everything across the board. More seem to be jumping back in now. Lots of cross-currents happening in this fast growing market. I have a feeling that big news is near - maybe the Wells Fargo rumor is true. Certainly, whales are at play ;)
I'm keeping an eye on this MASSIVE (Never seen before)
GROWING "Buy Wall" Tsunami Approaching on Poloniex
pbs.twimg.com/media/DTLoOu0WAAA0-67.jpg
Forming now a Bull Flag/Pennant
Will we get a Breakout Buy Signal?
I'm keeping an eye on this MASSIVE (Never seen before)
GROWING "Buy Wall" Tsunami Approaching on Poloniex
pbs.twimg.com/media/DTLoOu0WAAA0-67.jpg
Forming now a Bull Flag/Pennant
Will we get a Breakout Buy Signal?
Trade active:
It's moving. Whenever it gets up past 0.60 it will start to look like a breakout to the upside (buying signal), especially if it has good volume.
Key Fibonacci retracement levels to watch for:
Fib. 23.6% 0.5717
Fib. 38.2% 0.6375
Fib. 50.0% 0.6917
Fib. 61.8% 0.7443
When we break Fib. 61.8% we will be off and running towards new all time highs.
MACD is under par curling upwards and turning green.
Key Fibonacci retracement levels to watch for:
Fib. 23.6% 0.5717
Fib. 38.2% 0.6375
Fib. 50.0% 0.6917
Fib. 61.8% 0.7443
When we break Fib. 61.8% we will be off and running towards new all time highs.
MACD is under par curling upwards and turning green.
Trade active:
Just an update below on this MASSIVE (Never seen before) GROWING Tsunami of Buy Orders moving forward on Poloniex. If you look at the link I shared 4 hours ago above you will see it is really growing.
It's a monster Tsunami that sooner or later its weight will most likely fall forward and blast Stellar Lumens to the stars. Given the sheer enormity of this wall of buy orders, I have this idea that there may really be something to the rumors that something big is about to be announced between Stellar, IBM and Wells Fargo this month. Whatever it is, it sure seems to indicate there's something (and/or someone) big behind it.
All the best luck trading
pbs.twimg.com/media/DTLoOu0WAAA0-67.jpg
It's a monster Tsunami that sooner or later its weight will most likely fall forward and blast Stellar Lumens to the stars. Given the sheer enormity of this wall of buy orders, I have this idea that there may really be something to the rumors that something big is about to be announced between Stellar, IBM and Wells Fargo this month. Whatever it is, it sure seems to indicate there's something (and/or someone) big behind it.
All the best luck trading
pbs.twimg.com/media/DTLoOu0WAAA0-67.jpg