Coin of the day is Stellar
XLMBTC is back on track, showing bullish figures and going UP.
Recap: Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation. At the time of launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked…
Latest news
Technicals
After the last review, Stellar did not manage to gain enough support to take-off from the 0.00004 level and went lower to the 100-days EMA and 0.000035 level. Hence, after a week in a correction pattern, XLMBTC went upwards after touching bouncing-off from the 0.000035 level, which coincides with a 100-days EMA at this point. Now the price is back above 0.00004 level with the same resistance on its way – 0.0000425 level. A breakthrough above this level will send the price to the 0.000045 resistance and further to the 26% Fibo zone, the last frontier before taking new heights.
XLMBTC is back on track, showing bullish figures and going UP.
Recap: Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation. At the time of launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked…
Latest news
- Jul 26 – Listing on Huobi
Huobi announced the addition of $XLM on Twitter today, with trading commencing from 16:30 GMT+8. Deposits can already be done, but withdrawals will only be available from the 28th of July. Trading pairs will include BTC and ETH.
Technicals
After the last review, Stellar did not manage to gain enough support to take-off from the 0.00004 level and went lower to the 100-days EMA and 0.000035 level. Hence, after a week in a correction pattern, XLMBTC went upwards after touching bouncing-off from the 0.000035 level, which coincides with a 100-days EMA at this point. Now the price is back above 0.00004 level with the same resistance on its way – 0.0000425 level. A breakthrough above this level will send the price to the 0.000045 resistance and further to the 26% Fibo zone, the last frontier before taking new heights.
