Stellar looks bullish againCoin of the day is Stellar
XLMBTC is back on track, showing bullish figures and going UP.
Recap: Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation. At the time of launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked…
Latest news
Jul 26 – Listing on Huobi
Huobi announced the addition of $XLM on Twitter today, with trading commencing from 16:30 GMT+8. Deposits can already be done, but withdrawals will only be available from the 28th of July. Trading pairs will include BTC and ETH.
Technicals
After the last review, Stellar did not manage to gain enough support to take-off from the 0.00004 level and went lower to the 100-days EMA and 0.000035 level. Hence, after a week in a correction pattern, XLMBTC went upwards after touching bouncing-off from the 0.000035 level, which coincides with a 100-days EMA at this point. Now the price is back above 0.00004 level with the same resistance on its way – 0.0000425 level. A breakthrough above this level will send the price to the 0.000045 resistance and further to the 26% Fibo zone, the last frontier before taking new heights.
STRBTC
Quick tradeAttention! It is the high risk trade!
XLMBTC playing like hes extremely bullish. So be very careful while shorting it.
The success of the trade also depends on BTCUSD pair.
Seems like it was posted too late.
If you can not get in at 4000, try to jump, when it drops under 3900.
For those who went short at 3900, SL 4000. RR (Risk Reward) ratio 3
Also, I am posting this idea on my additional clear chart with XLMBTC pair on Binance.
Reversal point after bull run. Thank you CoinbaseEnter the trade 4250-4300
Target 3500
SL,- closing above blue trend line on daily.
Stellar now Sheria-certifiedCoin of the day is Stellar
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation. At the time of launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked…
Latest news
Jul 17 - Stellar becomes Sharia-Certified
Recently Stellar(XLM or STR) has been showing a noticeable growth, breaking from the stagnation tendency of the first half of 2018. The main news that accompanies the growth is certification of Stellar blockchain by the Shariyah Review Bureau (SRB).
For the Stellar ecosystem, obtaining a certificate means being able to expand in markets that require compliance with Islamic principles: in the countries of the Cooperation Council of the Arab States of the Persian Gulf (Bahrain, Kuwait, Saudi Arabia, Qatar, United Arab Emirates and Oman) and some countries in South-East Asia.
From Twitter: “Stellar is the first distributed ledger protocol to receive Sharia compliance certification in the money transfer and asset tokenization space.” By StellarOrg@
Jul 18 - Stellar Partnership With IBM To Launch An FDIC Backed Crypto
A startup named Stronghold is making use of Stellar Blockchain technology to launch USD Anchor. This USD Anchor will make use of the Stellar Blockchain technology to verify transactions. Its token will be backed by Prime Trust, a Nevada trust company to the US dollars. This Trust company will in turn deposit money into all Federal Deposit Insurance Corps insured.
IBM reported that the New York City Based Signature Bank backed out from this collaboration as it was the first choice. IBM and Stronghold are partnering together to find out the various financial uses of the token. The head of IBMs blockchain services for financial institutions, Jesse Lund stated that the aim of the platform is for both Fiat money and digital money to be used as means for transactions on the blockchain platforms.
Stronghold is the security to the Stellar partnership network. The entire collaboration between Prime Trust bank and the FDIC with this IBM platform is a step in the right direction. Sewn Bennet, the co-founder of Stronghold stated that there is a need for growth in the management of digital and Fiat currency.
This project shows the various ways to make Fiat currency tokenized in order to perform fast transactions like cryptocurrency. IBM’s first use cases will center on across border transactions as well as small-scale foreign transactions. The coin is available to select institutional clients, but it will be available soon.
Technicals
XLMBTC is showing an active growth since Jul 13, reaching 100-days EMA on Jul 15, and taking-off from the EMA to break Global Bearish Trend Line and 0.00004 level. For now, the bullish rally has stopped at the 0.0000425 resistance and probably will transit into a correction for a while. The main requirement, to preserve bullish view, is to stay above the Global Bearish Trend Line. Nearest resistive level on the way up is 0.000045 level; after breaking 0.000045, the price will meet 26% Fibonacci zone - the last frontier before setting new highs.
There is a possibility for the beginning of uptrend in STRBTCTechnical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000266 to 0.0000255). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000266)
Ending of entry zone (0.0000255)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000332
TP2= @ 0.0000348
TP3= @ 0.0000388
TP4= @ 0.0000426
TP5= @ 0.0000463
TP6= @ 0.0000497
TP7= @ 0.0000585
TP8= Free
There is a possibility for the beginning of uptrend in STRBTCTechnical analysis:
. STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000266 to 0.0000255). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000266)
Ending of entry zone (0.0000255)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000332
TP2= @ 0.0000348
TP3= @ 0.0000388
TP4= @ 0.0000426
TP5= @ 0.0000463
TP6= @ 0.0000497
TP7= @ 0.0000585
TP8= Free
Another Stellar WeekXML performed better than expected since last chart. I called a .17 high before we blew through that to about .21
We are currently sitting at .19 it looks like the higher positions were tested and rejected.
We are continuing to move forward. Both the BTC and XLM charts seem to indicate a double bottom reversal about to happen which should bring us back in the low to mid .20s
XLM is still undervalued and is a great buy. With some recovery in the crypto world - this asset is bound to skyrocket.
XLM (STELLAR) Bulls Are Coming! Last chance to buy1W chart:
Symmetric Triangle's formation is almost ended
RSI and MACD hidden bullish divergence
Long term targets:
1) ~0.00006 BTC
2) ~0.000098 BTC
3) ~0.00015 BTC
4H chart:
Small Symmetric Triangle's formation is almost ended (BLACK)
MACD bullish divergence
Short term targets:
1) ~0.000036 BTC
2) ~0.000038 BTC
3) ~0.000041 BTC
Next weeks is the Last change to buy cheap Stellar Lumens. And there are a lot of reasons to state:
- Stellar has passed half year of correction + consolidation
- Strong Partnership with IBM. Now look at IBM Blockchain related news, announces and rumors, signed contracts with banks, financial companies and governments. Then remember the fact that Stellar used in HyperLedger like a main railways for transactions and digital assets. The main reason why Stellar hasn't been mentioned in latest IBM's news is confident and avoiding of repeating history with big PUMS like in 2017.
- FairX before end 2018
- StellarX almost ready
- upcoming native Stellar's DEX (SDEX) before end 2018
- Lightning on Stellar before end 2018
- Jed McCaleb
- Jesse Lund
Stellar is Solid opensource Project. Jed McCaleb is genius. Jesse Lund is strong support.
IBM is going to take a big piece of financial blockchain cake in next few years.
Stellar is going to be a revolution in remittance and unbanked sector, to be a revolution in finance world like it was with The Internet.
History repeats. Like Amazon and other tech giants survived after Dot-com bubble, Stellar will be one of many who pass Blockchain Bubble (scam projects, useless ideas and startups, etc)
Stellar, in for a bullish reversalRecent listing of Stellar 9.80% on BitcoinIra and the ongoing talks to acquire blockchain startup Chain could be the catalysts to move us up to next highs.
A reversal may happen anytime soon. Two probabilities shown in the chart.
Goodluck!
www.benzinga.com
fortune.com
Stellar broke down - what next?6-12 cents is quite possible, but this should happen fast like last cycle (5-7 days).
Otherwise could be a slow death with 5-6 cents as bottom.
Stellar went much lower after my previous trade. Stellar now is oversold. People afraid to buy it now because thinking that it can go lower.
But R/R ratio is pretty good for this trade. When people will understand that is is bottom they will panic buy.
If not, use your SL
Stellar could go UP soonCoin of the day is Stellar
During Bitcoin stagnations, traders look for alternative coins, big and backed by real usage, which could be in the future without Bitcoin.
Technology that uses blockchain to power payment systems sounds exactly like the one that will be useful in the future.
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation.
At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked. In the aftermath, Stellar co-founder Joyce Kim claimed this was a flaw in the Ripple protocol, but this statement was challenged in a blog post by Ripple Labs CTO, Stefan Thomas. The Stellar Development Foundation then created an updated version of the protocol with a new consensus algorithm. The code and whitepaper for this new algorithm were released in April 2015, and the upgraded network went live in November 2015.
Latest news:
23 May - Jed McCaleb, comments on SatoshiPay partnership with The Register and giveaway of 1000000 XLM to users as a free bonus: “This is an exciting moment for Stellar and the cryptocurrency community as a whole, as it represents one of the first mainstream uses of blockchain payments in reaching millions of consumers. We’re proud to be powering SatoshiPay, helping make micropayments faster and cheaper than ever and thereby bolstering the publishing industry in its quest to unlock additional revenue streams in the new digital age.”
15 May - IBM To Use Stellar For Its First Crypto-Token On A Public Blockchain. Developed in partnership with carbon credits startup Veridium Labs Ltd., the "verde” tokens will be issued on the Stellar blockchain, and are designed to give enterprises that pollute the environment a way to offset that damage by supporting a patch of Indonesian rainforest.
Technicals
XLMBTC chart shows a double bottom pattern at 0.000035 level, which coincides with 100-days EMA. Reversion in nearest term at this level fit into a continuation of the Aprils uptrend scenario. Bearish Trend Line, which bounds correction pattern from 2018.05.01 have to be pierced to approve reversion and beginning of the growing cycle. 100-days EMA and 0.000035 level should stay supportive for the take-off scenario. After piercing of Bearish Trend Line, the next target will l be 0.00004 level.
SHORT I LOVE MY STELLAR, BUT.... I think it might be a minutewith all do respect Stellar has risen like 4000% in 2017 so I can't realisticly see a major move for a few months sadly.
Nobody loves STRbtc 0.00% more than I do, but a short term short might be in the plans... Head and shoulders forming.
I don't think this will be a drastic drop like we saw in Feb, but it might be a minute before the next super moon.
This is hard to do but im calling SHORT. (SHORT TERM though) let this H&S play out and see where we go from there.
Hopefully it doesn't play out but just trying to be realistic here :'(
This is Revised version of my original Long Call
However... it could pan out either way... if it goes Bear or Bull
This is my case for the evil bears