Going Stellar (STR/XLM) Up the Bull Flag Staircase
Bull Flag after Bull Flag (breathers) up the staircase to heaven. 50 EMA (50 day moving average), RSI and MACD all curling upwards, as it's looking like it's getting ready for another wave.
Transactions on the decentralized Stellar network resolve in 2-5 seconds for a fraction of a cent, aiming for low-cost payments between different currencies. Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation. With a team of top technology and finance professionals, the nonprofit Stellar.org expands access to low-cost financial services to fight poverty and maximize individual potential. Stellar (Lumens) (STR/XLM) is supported by IBM, Deloitte, Stripe, Google.org, Blackrock and loads of other big companies.
Looks interesting to me with still a lot of upside potential. US Dollar parity is getting closer and closer, as it goes the way of Ripple. $10 USD parity in 2018? Given the way this market can sometime move, as well as the fact that STR (XLM) is valued far less than any other of the top 18 crypto currencies, I wouldn't be surprised at all to see it pass 1 USD parity in the coming weeks-month and even break the double digit value (i.e. $10) in 6-12 month's time, but who knows.
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
All the best luck trading
Trade ist aktiv
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Seems like we hardly noticed at these Stellar speeds that we just had a 12% correction from near 90 cents back to below 80 cents, which pulled the RSI and MACD down to zero out again, refuel, and bounce off of back up through this resistance to targeting US Dollar parity.
Trade ist aktiv
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This morning we saw an 18% correction from 92 area down to 76 where it found support and has been bouncing up from since. This last 24 hours has proven to be a strong resistance zone in this 80-90 range which will be a very strong support level after we get through it. Once we breakout into new ATHs (All Time Highs) in the 90's I expect to see US Dollar Parity the next target in the near term. So I'd say this area is a good buying opportunity for new positions. MACD is oversold turning green upwards, RSI is green, etc.
@Inspirar, Again, its always goes higher than you arrow direction. Same Ripple fever is coming to XLM.
berkinimamoglu
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@Inspirar good morning, thanks for your analysis, is it possible if you give us an update based on latest real time chart, like where to sell and where to rebuy again. i am still holding my strs.
Inspirar
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@berkinimamoglu, As I see it, it's been wild this last day of consolidation. This morning we've seen an 18% correction from 92 area down to 76 where it found support and has been bouncing up from since. This last 24 hours has proven to be a strong resistance zone in this 80-90 range which will be a very strong support level after we get through it. Once we breakout into new ATHs (All Time Highs) in the 90's I expect to see US Dollar Parity the next target in the near term. So I'd say this area is a good buying opportunity for new positions.
All the best luck in trading
berkinimamoglu
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@Inspirar, thanks alot @Inspirar . i m holding and waiting to be 1$. hopefully 76 is the short term dip.
Inspirar
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@berkinimamoglu, Yeah, me too. Today's sell off of all the cryptosphere has given Stellar a pretty good beating. Lots of fundamentals are still there to ride out the storm.