Stellar Lumens Repeating Itself | LONG XLM | TA & FA
TECHNICAL ANALYSIS:
Lumens seems to be following this same trend with triangles forming.
Based on what I can tell from previous behavior and patterns, I think that Lumens will increase and test .32 or potentially even .42 by the first of the year.
If I had to stop put a stop limit, I wouldn't because I will HODL as I believe in the fundamentals of Stellar Lumens.
FUNDAMENTAL ANALYSIS:
I have been investing with Lumens for some time, and am excited about the prospect of revolutionizing banking in Africa. On a personal level, I am not such a fan of bringing banking to Africa, as I recognize the adverse impacts it has had on the American society, and am not the biggest believer in Capitalism. That notwithstanding, and with the hope that bringing banking to cultures/communities/people that have not had it in the past will do some good - especially if it can in anyway reduce corruption and mass genocide, I believe that Lumens have a huge upside in bringing business to people that could previously not receive remittances.
Their prospective and legitimate partnerships, on whatever level they are actually occurring, with IBM and Deloitte are also attractive and the concept of bringing blockchain to big business with actual utility is incredibly intriguing.
Couple this with the Founder, Jed McCaleb being a first mover in the Crypto Space with Mt. Gox, and being an originator of Ripple, I have full faith/belief in the potential of Stellar if it is adopted by the main stream. Only time will tell which of these Blockchain based Cryptocurrencies will survive, and I am betting big on XLM.
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Decentralization = Good (more like 'centralization = bad')
Their are many others that are interested in Lumens being a 'truly' decentralized cryptocurrency as compared to it's older brother (if you will) Ripple, but this is relatively inconsequential to me. Eventually, pessimistic as it may be, I think that world-powers will grab onto Crypto and regulate it..whatever that may look like, so Lumens being decentralized versus Ripple being perceivabley centralized is largely irrelevant to me. I am not discounting this opinion; however, and appreciate how this panders to purists relative to my investment strategy. I am a fan of this as well, just not my biggest drive home point for investment. :)
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My underlying principle when evaluating Blockchain projects is what value does it have? How will this fundamentally improve society?
If I cannot answer this question, I try to avoid investing.
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FULL DISCLOSURE:
I am not a trained technical trader, nor a CFP or CFA. Please do your own research, do your own trading | investing, do your own due diligence. I am long XLM.
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THANK YOU:
Thoughts, commentary, ideas, or discussion are welcomed.
Likes and follows are cool to.
Thanks for taking the time. :)
Lumens seems to be following this same trend with triangles forming.
Based on what I can tell from previous behavior and patterns, I think that Lumens will increase and test .32 or potentially even .42 by the first of the year.
If I had to stop put a stop limit, I wouldn't because I will HODL as I believe in the fundamentals of Stellar Lumens.
FUNDAMENTAL ANALYSIS:
I have been investing with Lumens for some time, and am excited about the prospect of revolutionizing banking in Africa. On a personal level, I am not such a fan of bringing banking to Africa, as I recognize the adverse impacts it has had on the American society, and am not the biggest believer in Capitalism. That notwithstanding, and with the hope that bringing banking to cultures/communities/people that have not had it in the past will do some good - especially if it can in anyway reduce corruption and mass genocide, I believe that Lumens have a huge upside in bringing business to people that could previously not receive remittances.
Their prospective and legitimate partnerships, on whatever level they are actually occurring, with IBM and Deloitte are also attractive and the concept of bringing blockchain to big business with actual utility is incredibly intriguing.
Couple this with the Founder, Jed McCaleb being a first mover in the Crypto Space with Mt. Gox, and being an originator of Ripple, I have full faith/belief in the potential of Stellar if it is adopted by the main stream. Only time will tell which of these Blockchain based Cryptocurrencies will survive, and I am betting big on XLM.
__
Decentralization = Good (more like 'centralization = bad')
Their are many others that are interested in Lumens being a 'truly' decentralized cryptocurrency as compared to it's older brother (if you will) Ripple, but this is relatively inconsequential to me. Eventually, pessimistic as it may be, I think that world-powers will grab onto Crypto and regulate it..whatever that may look like, so Lumens being decentralized versus Ripple being perceivabley centralized is largely irrelevant to me. I am not discounting this opinion; however, and appreciate how this panders to purists relative to my investment strategy. I am a fan of this as well, just not my biggest drive home point for investment. :)
__
My underlying principle when evaluating Blockchain projects is what value does it have? How will this fundamentally improve society?
If I cannot answer this question, I try to avoid investing.
__
FULL DISCLOSURE:
I am not a trained technical trader, nor a CFP or CFA. Please do your own research, do your own trading | investing, do your own due diligence. I am long XLM.
__
THANK YOU:
Thoughts, commentary, ideas, or discussion are welcomed.
Likes and follows are cool to.
Thanks for taking the time. :)
Comment:
Still room to run IMO. .30 seems like inevitability, .40 is the target.
Trade active:
Expecting a short fall to around the .25 levels and a rebound to .30 levels, perhaps testing .32.
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BUY: .25
SELL: .32
If your short.
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BUY: When you have the money.
SELL: When you need the money if your short.
HODL LUMENS :)
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Do your own research, not investing advice.
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BUY: .25
SELL: .32
If your short.
__
BUY: When you have the money.
SELL: When you need the money if your short.
HODL LUMENS :)
__
Do your own research, not investing advice.
Comment:
Needs to break through the resistance shown at .285 levels. If it does, .315 optimistic in near term IMO.
Comment:
We have broke through a previous minor resistance at .297, believe possible to keep pushing onward to .40 if the trend continues. GO LUMENS GO!