BINANCE:XLMUSD   Stellar / US Dollar (calculated by TradingView)
50D MA moving up - breaking out of down slope
inverted head and shoulder pattern
supply seems to be running out
Negative. If you would place your line correctly would would see it’s still under long term resistance
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gjmullen rektordrew
@rektordrew, I would agree with you if this was trading 101. Putting round pegs in round holes is good for beginners. I have been trading since 1999 so I look for opportunity through a custom lense. If you trade the same way everyone else does then you become a herd, and we all know what happens to the herd.

Basically any line, shape or pattern you can draw (including elliott waves) are arbitrary. And you can trade any arbitrary shape on the board with the right game plan. Draw a line in the sand and prepare your battle plans.
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rektordrew gjmullen
@gjmullen, I guess you’re only a TA guy? Not fundamentals? There’s nothing fundamentally going on with Stellar right now and it’s looking like IBM and Stellar could be going separate ways soon. Not good at all for Stellar right now. Hence the price
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gjmullen rektordrew
@rektordrew, chart looks exactly like XRP.

there are likely 1000 cryptos trading now that will fail

side note: corporations (at least as they are currently structured) are not necessarily the drivers of the future economy and will likely be less important in a decentralized A.I. driven environment.
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