Stellar is completing a humongous reversal pattern (2+ years in the making). It's pretty. On both the US and BTC charts it looks like a strong, impulsive move up could be imminent. It won't take much to get her going, and once she does she tends to pick up momentum quickly. Check out live cryptocurrency rates on our cutting-edge financial platform. See the value of Stellar in USD and other popular fiat and cryptocurrencies. — India. Check out live cryptocurrency rates on our cutting-edge financial platform. See the value of Stellar in USD and other popular fiat and cryptocurrencies.
Stellar btc tradingviewStellar Price and Market Cap — TradingView — India
After 1. Fibonacci is showing the way. Welcome to the crypto bubble. Nobody left trading alts vs BTC. Nobody left yelling "alt season". All important traders are dead. No, not you with your 0. Take no offense, Alt markets are out of sellers and the algorithms Just from this chart you can observe so many fractal indicators that may suggest this. For me it looks as if stellar is ahead with the formation of a double bottom within this small rectangular formation. Again I emphasize how closely these two move together.
I am long XRP. Plotting possible bull cycles for Stellar, this is under the assumption that a death cross will bounce the price up as can be previously seen, which then led to a golden cross.
It can be seen there consistently is an 'initial pump' which leads to a larger pump. Will this occur again? If so I have plotted the initial pump on chart. Happy Trading! Technical analysis:. The RSI is at Trading suggestion:. There is a possibility of temporary retracement to suggested support zone 0. Even BSV. Trading algorithms go into buying frenzy when a higher high is made. Alt season is here. It's about to rain gold on your heads.
Put out a bucket and don't take profit early, then try to short when it's "overpriced". Buy dips when overall trend is up. And in a rising bitcoin price environment, that should be explosive for XLM. Got this long from , clear breakout from a flag formation in LTF. Flip the box and we are at s easily! When the money which controls the crypto, shift their attention to Stellar, it will have a great move - probably much higher than my target.
Trading suggestion:. There is a possibility of temporary retracement to suggested support line 0. Technical analysis:. XLMBTC long, very divergent then breaks above resistance which becomes support, also just touched the trendline on the rsi.
Should move up from here and if you zoom out and look at the bigger picture you can see that there is further potential than what i have presented. Price rests against a downtrend red line of the main trend, breaking it and fixing above it can mean a trend reversal. A double bottom may form. The potential of the XLM has broken up from its downward wedge and looks to aggressively regain ground as Bitcoin's price comes under pressure.
XLM is a much quicker payment system, much cheaper and much more decentralised than Bitcoin. Furthermore it is open source and therefore is likely to