XLM: Be careful the vise tightens at the end of a falling wedge
Stellar's price is characterized by its main pair XLM-BTC by a multiplication of falling wedges that end with a bullish rebound of short duration but well marked.
Dump waves oscillate between a bearish resistance line and a bearish support line until a tightening denoting a slowdown in sales and a bullish reversal following the 2nd or 3rd impact on the support line.
I just want to warn you that we are currently in the same wedge that could lead to an imminent bullish reversal as represented by my arrows in yellow.
DISCLAIMER: This is not an investment advice. You alone are the master of your decisions.
Do not trust any "prophet" and invest only what you can afford to lose.
Dump waves oscillate between a bearish resistance line and a bearish support line until a tightening denoting a slowdown in sales and a bullish reversal following the 2nd or 3rd impact on the support line.
I just want to warn you that we are currently in the same wedge that could lead to an imminent bullish reversal as represented by my arrows in yellow.
DISCLAIMER: This is not an investment advice. You alone are the master of your decisions.
Do not trust any "prophet" and invest only what you can afford to lose.
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Additional indicator:
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CAUTION! Zoom on the tip of my triangle:
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Second target reached under 61.8% Fibo line
Very good performance on all cryptos (XLMUSD +22%)
Very good performance on all cryptos (XLMUSD +22%)
Trade active:
Trade active:
Comment:
The last time we saw the RSI 14 oversold under 40, it was February 23, 2017 ... look on my left graph what happened then ... rather positive situation for the XLM
REMINDER: This is not an investment advice. You alone are the master of your decisions.
Do not trust any "prophet" and invest only what you can afford to lose.
REMINDER: This is not an investment advice. You alone are the master of your decisions.
Do not trust any "prophet" and invest only what you can afford to lose.
Trade active:
Your attention please!
"Coinbase Pro has listed Stellar Lumens (XLM) to its advanced trading platform."
"Coinbase Pro has listed Stellar Lumens (XLM) to its advanced trading platform."
Comment:
Tomorrow, March 19th, the "MONEY 20/20 ASIA" congress will take place in Singapore.
As every year, the representatives of the payment, financial services and financial technos sectors of the largest world bodies meet there.
Over the next three days, critical developments shaping the future of the currency in Asia will be presented, with case studies applicable among key industry subjects and stakeholders.
This year marked the launch of the first Token Day in Asia on Blockchain technology, cryptocurrency and the growth of tokenization.
List of participants: asia.money2020.com/attending-companies
Note the presence of IBM and Interstellar, the latter being born from the acquisition of Chain by Lightyear in which have invested Visa, Nasdaq and even the French Orange. Its vocation is to develop the STELLAR network (XLM).
"Money20/20 Asia is excited to announce the latest moonshot thinkers, Jesse Lund, IBM’s Head of Blockchain and Digital Currencies, alongside one of the leading Silicon Valley legends, Jed McCaleb, co-Founder of Stellar, Ripple and Mt Gox. Jed will reveal his predictions for blockchain development in 2019 and the use cases we should expect to see at scale in financial services in the next 1-3 years.
Joined by Stellar’s partner, Jesse Lund from IBM will share his vision for how digital currency and other digital assets will transform the payments value chain. IBM will also be making an exclusive product announcement. Together this pioneering duo have grand plans for disrupting and transforming payments and ambitions to establish a truly global footprint in cross-border payments. The blockchain pair will also share how one of the top 5 cryptocurrencies in the world factors into the grand plans of a technology giant like IBM."
asia.money2020.com/2019-agenda-full
The interview will be conducted by Henri Arslanian, leader of PwC Asia's FinTech Crypto department (more than half a million followers on LinkedIn)
To follow closely!
As every year, the representatives of the payment, financial services and financial technos sectors of the largest world bodies meet there.
Over the next three days, critical developments shaping the future of the currency in Asia will be presented, with case studies applicable among key industry subjects and stakeholders.
This year marked the launch of the first Token Day in Asia on Blockchain technology, cryptocurrency and the growth of tokenization.
List of participants: asia.money2020.com/attending-companies
Note the presence of IBM and Interstellar, the latter being born from the acquisition of Chain by Lightyear in which have invested Visa, Nasdaq and even the French Orange. Its vocation is to develop the STELLAR network (XLM).
"Money20/20 Asia is excited to announce the latest moonshot thinkers, Jesse Lund, IBM’s Head of Blockchain and Digital Currencies, alongside one of the leading Silicon Valley legends, Jed McCaleb, co-Founder of Stellar, Ripple and Mt Gox. Jed will reveal his predictions for blockchain development in 2019 and the use cases we should expect to see at scale in financial services in the next 1-3 years.
Joined by Stellar’s partner, Jesse Lund from IBM will share his vision for how digital currency and other digital assets will transform the payments value chain. IBM will also be making an exclusive product announcement. Together this pioneering duo have grand plans for disrupting and transforming payments and ambitions to establish a truly global footprint in cross-border payments. The blockchain pair will also share how one of the top 5 cryptocurrencies in the world factors into the grand plans of a technology giant like IBM."
asia.money2020.com/2019-agenda-full
The interview will be conducted by Henri Arslanian, leader of PwC Asia's FinTech Crypto department (more than half a million followers on LinkedIn)
To follow closely!
Very good performance on all cryptos