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Long on Stellar

By A.C.
Updated
STR is a high risk investment that could really pay off. The recent news of adding ICICI and LeFinance to provide cross-border payments is good news for STR. This news and potential future announcements from both STR and XRP, will help to increase interest in the cross-border payments crypto niche. Any announcements in this niche will continue to drive interest and new investors. The cross-border payment niche is finally gaining traction.

Back to STR:
Volume is picking up and STR is holding the support.

  • Looking for target of 445 by December 25th.
  • Indicators are looking for the upside.
  • Possible additional announcements before the end of year for new partnerships. This would provide fuel going into 2017. Also, with a string of possible news early in 2017 to keep the momentum.
  • Plus from Qualitative Research approach, the management team has something to prove since the XRP days. They probably want to show the crypto community, this team knows how to forge banking relationships. I believe they have a "Fire in the Belly" to out perform XRP in this niche.
Note
The rise in BTC is really crushing the price of alts. STR is now 332 which is below previous support of 352. The continual increase is btc is really taking the oxygen out of the air. Still holding my position bot at 360 - 410.
Note
Will adding to the STR position from the BTC profits.
Order cancelled
STR didn't hit the 445 by Christmas. The reason is the demand for BTC and the upward price movement was too strong for the majority of the alts except for etc and xmr.
rippleSTELLARSTRSTRBTCXRPBTC
A.C.

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