Bottoming pattern on Stellar. Are we aiming upwards already?
Coin of the day is Stellar (Lumen).
Bitcoin recovered after it's weekend fall and now trading above the 8000.0 support. The Bitcoin growth ahead of G20 summit returned demand on big cryptocurrencies. And many of them appear to be at the lowest prices, attractive for buyers. Stellar is one of these coins, already showing a 15% growth from the recent bottom.
Traders are watching this week’s G-20 meeting for any signs of a coordinated clampdown by regulators, who have been stepping up scrutiny of digital assets in recent months amid concerns ranging from money laundering to tax evasion and fraud.
G-20 speeches will touch mostly ICO and coins that provide anonymity, so it is too risky to look at such coins as Dash, Monero or Zcash, this week will be a test for them.
Stellar, in its turn, is a technology for the banking sector, which can easily survive the limitations of anonymity.
XLMBTC bounced off from the 0.0000237 low accompanied by the strong growth of volumes. This upward movement restored all weekend losses and broke through above the first bearish trend line resistance.
Now the coin fluctuates around the 0.0000275 resistance level if it will be able to break above this level - the next target will be 0.00003 resistance, Global Trend Line resistance, and 100-days EMA.
Bitcoin recovered after it's weekend fall and now trading above the 8000.0 support. The Bitcoin growth ahead of G20 summit returned demand on big cryptocurrencies. And many of them appear to be at the lowest prices, attractive for buyers. Stellar is one of these coins, already showing a 15% growth from the recent bottom.
Traders are watching this week’s G-20 meeting for any signs of a coordinated clampdown by regulators, who have been stepping up scrutiny of digital assets in recent months amid concerns ranging from money laundering to tax evasion and fraud.
G-20 speeches will touch mostly ICO and coins that provide anonymity, so it is too risky to look at such coins as Dash, Monero or Zcash, this week will be a test for them.
Stellar, in its turn, is a technology for the banking sector, which can easily survive the limitations of anonymity.
XLMBTC bounced off from the 0.0000237 low accompanied by the strong growth of volumes. This upward movement restored all weekend losses and broke through above the first bearish trend line resistance.
Now the coin fluctuates around the 0.0000275 resistance level if it will be able to break above this level - the next target will be 0.00003 resistance, Global Trend Line resistance, and 100-days EMA.
