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SilentC
Nov 11, 2017 4:02 AM

Stellar Lumens (XLM) 6 Day forecast 

Stellar Lumens / BitcoinBittrex

Description

There is continuing good news coming out with XLM with another new partnership being announced next week. This is shortly after the confirmed IBM partnership, and now there's been speculations on who the next one might be. There are talks that it could be between SatoshiPay, PayPal, or even JP Morgan. While I think the JP Morgan partnership is in the works behind doors, I feel the more reasonable choice would be SatoshiPay. While we can't rule out PayPal down the road either, the rumors will spread and create what we call a secondary FOMO pump. I feel this could potentially push it past the 1k resistance line a bit before correcting. Obviously, this chart is more speculative, but nontheless, we will see some great profit potential in the coming week. Make sure to keep a trailing stop loss tight as it get's close to the announcement date, because this will be one of those "buy the rumors, sell the news" situations.
Comments
Trader_Afro
Looks like you're right on the SatoshiPay front: twitter.com/Lindsay4Liberty/status/929317852808728576 (if you read her other tweets too)...said in presentation yesterday in Berlin meet that they'd decided to scrap Iota for Stellar. Not officially announced yet however.

Will be interesting to see what other upcoming partnerships come about - the reddit AMA certainly looked promising. Feeling good with what was a bag for a while when we were sub 450.
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