EXCAVO
Long

Stellar Lumen

BITTREX:XLMBTC   Lumen / Bitcoin
Stellar ( XLM ) Lumen

Technical and fundamental analysis overview of Stellar ( XLM ).

Stellar is a payment technology built upon the Ripple protocol, but it has changed a lot since its inception. Unlike Ripple, Stellar aims to work with developing markets instead of banking systems and other well-established financial institutes. The asset has quickly gained popularity and the trust of investors. Now, this coin is among the top largest cryptocurrencies in the world by market capitalization.

Recently, Visa has bought out the Plaid financial platform and in the process thrown down the gauntlet to its peers, Ripple and Stellar Lumens in particular.

As for Stellar Lumens, it has a big share of the rapid payment sector and must be enviously eyeing Visa’s latest acquisition and calculating what to do to counter it. Recently, it was discovered that Lightnet, a Thai tech-based start-up with big ambitions is seeking to take the place of SWIFT and get crowned as the top international payment system on the market. Lightnet has since raised a significant $31.2 million and will use this to craft a software solution inspired by the blockchain utilized by Stellar Lumens.

Technically, I see cicles and now we are in bottom. If the price continues its move northwards and breaks above 0.00000910, a rally to 0.00002900 is likely in the midterm. Conversely, if the price fails to sustain above 0.00000500, the pair will turn negative with its next strong support zone near 0.00000250.

However, XLM’s RSI In W1 chart looks bullish

Local Support Levels: 0.00000610, 0.00000570
Resistance Levels: 0.00000910, 0.00001250, 0.00001540, 0.00002100
Target Level: 0.00003000

Market Cap: $1 149 259 613 USD
Volume (24h): $1 474 114 504 USD
Circulating Supply: 66 682 072 191 XLM

Best regards EXCAVO
Jan 20
Comment:

Related Ideas

Comments

XLMBTC (Jan. 2020)
+1 Reply
+1 Reply
What hapened to the rocket formation and predicted growth? :-(
Reply
@Libor789,

LOL

IT DIDN'T HAPPEN, BUT THE FORMATION IS STILL BULLISH SO I'M STILL IN.
Reply
Libor789 Putrid_Shittgenstein
@Putrid_Shittgenstein, Thank you, looks like getting better :-)
Reply
@Libor789,

btc looks bearish ... like this wave up is over. so i've exited
Reply
@Libor789,

On the USDT pairing it looks like a symmetrical triangle with bullish bias.
Reply
Thanks for sharing. Great trading idea.
Reply
Confucius-The-Great Confucius-The-Great
@Confucius-The-Great, My indicators are saying this trade is gonna be great. And it seems the bottom is in. I like the double test of the bottom a lot. It just finished retracing from the October/November pump.
Reply
Do you think it will be growing ? The line is lower than buy zone.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out