Stellar – XLM – enter the position on 1 condition

BITTREX:XLMBTC   Lumen / Bitcoin
Hi Guys!

We have good news regarding Stellar .

First of all, they announced the partnership with IBM World Wire, a real-time global payments network that optimizes cross-border payments, forex, and remittances.

As Coindesk reports:

“Announced Monday, six international banks have signed letters of intent to issue stablecoins, or tokens backed by fiat currency, on World Wire, an IBM payment network that uses the Stellar public blockchain. The network promises to let regulated institutions move value across borders – remittances or foreign exchange – more quickly and cheaply than the legacy correspondent banking system.
So far three of the banks have been identified – Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea – the rest, which are soon to be named, will offer digital versions of euros and Indonesian rupiah, “pending regulatory approvals and other reviews,” IBM said.

So this means the team of Stellar is extremely active and they progress massively.

Dreams of sending money like an email are becoming more and more realistic.

Here are details of the technical analysis:

Ichimoku Cloud – the price is above the Cloud and Tenkansen(red) which is also over KijunSen (blue) – bullish

Weis Waves – lots of demand and almost no supply – good

Cup with handle observed - Let the price stay above 0.00002930 for a while.
If we stay there with a couple of bars it means BUY.

Targets to reach:

1. 0.00002930
2. 0.00003390
3. 0.00004020
4. 0.00004680

This makes possible to earn around 65% soon.

What are your predictions?

Do you have XLM on your radar too?

Thank you for reading.

Hit a like if like our job.

Please do write a comment down below.

WBM Team
Comment: *Correction on text on WWV Indicator
We have almost no supply.
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Related Ideas

Could this be a big handle on that cup formation? is there a rule to the size of the handle for a bullish continuation?
WBM_Team speedspirit
@speedspirit, usually the handle is smaller then it is now. We will see. We may approach the resistance at around 2000 sat.
@WBM_Team, this chart keeps getting uglier
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