Continuing with this analysis...
RSI 4h has a support that it has not YET been broken and therefore keeping an eye on it.
There is the possibility for a double top but there is no divergence as of YET!
moneyasanexit
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as planned....direction 1 dollar, no doubt no need to calculate anything this is all fundamental, this crypto is undervaluated since too long, let's go!
valdimitrv
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I would wait for weekly candle close on both btc and xlm, to get a much clearer view on the situation. BTC dominance still too high
moneyasanexit
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i think this thing will go to 1USD between mi december tobeginning of Jan
pedrogarrinhas
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@vriviera, :) I would not be surprised but there is a lot of resistance at 0.26-0.28!
I do expect after hitting the 0.26-0.28 region a retest of the 0.19-0.22 current resistance.
=> and not yet sure if rangebound!
But signs of reversal are stronger on XLM than on XRP.
There is also clearer hidden bullish divergence and XRPUSD retraced more that 61.8. (if you count the wick)
XLM is a clear winner technically speaking!
moneyasanexit
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@pedrogarrinhas, hence why the XRP founder left and chosen XLM because its technology is better, also IBM and SAMSUNG never invest in bad things
pedrogarrinhas
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@vriviera, Ahah...well I dont see a point in discussing here fundamentals. I actually hold more XRP than XLM.
Technally speaking, I will sell some at the 0.26-0.28 as I do expect to buy back at least one time lower around the 0.20-0.22.
=> if this trade works out right I might get more XLM than XRP. :)
To be honest, I haven't heard much about the IBM-Stellar partnership lately.
I do know that they burned a lot of tokens...
The problem with Stellar is that you have a centralized point of failure => Jed Mccaleb ... A bit like HEX and OneCoin lol.
Can Stellar continue if the Co-Founder leaves? You tell me...
with XRP...you have the company Ripple behind a product(XRP).
moneyasanexit
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@pedrogarrinhas, Stellar has a large development plan, the company Ripple was created by the guy who has chosen Stellar...Why because when you have such a company like IBM and Samsung injecting cash it means that big things are coming!yes let's see if that trade works. Thank for the chat dude
pedrogarrinhas
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@vriviera, :) My pleasure! I think IBM is just hedging their bets! Like betting in more than one blockchain. They are also in HBAR and develop their own Hyperledger. I am actually more interested about their use cases than partnerships. Their IMF and Mastercard connections are also interesting...we will see! Cheers
Journalbelik22
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@pedrogarrinhas, XLM is supposed to be for the people, XRP is supposed to be for the companies, at least its the way I see it
RSI 4h has a support that it has not YET been broken and therefore keeping an eye on it.
There is the possibility for a double top but there is no divergence as of YET!