Stellar coming out and saying they are burning HALF of there token supply is MASSIVE news. That changes the entire dynamics for there price structure. I would imagine that these latest spike ups are only the beginning. www.coindesk.com/ste...umens-cryptocurrency
We are just getting ready for a massive move to the upside in Stellar, IMO. I have been positioned since .06 and if you are considering adding to your hodl portfolio, take a look at this one.
Technically we are forming this V type bottom. The main point of resistance is this .09 area here, where we have a massive resistance and also it's converging on a 200 MA. Once this breaks through there will be nothing left to stop it from going to the next point at .016-.018 area. I imagine we get a retrace from there.
We are seeing some resistance also from this oversold RSI, but notice how bullish this MACD looks. .09 is a massive resistance and after this breaks expect it to run.
Happy hodling,
-Sherem
We are just getting ready for a massive move to the upside in Stellar, IMO. I have been positioned since .06 and if you are considering adding to your hodl portfolio, take a look at this one.
Technically we are forming this V type bottom. The main point of resistance is this .09 area here, where we have a massive resistance and also it's converging on a 200 MA. Once this breaks through there will be nothing left to stop it from going to the next point at .016-.018 area. I imagine we get a retrace from there.
We are seeing some resistance also from this oversold RSI, but notice how bullish this MACD looks. .09 is a massive resistance and after this breaks expect it to run.
Happy hodling,
-Sherem
