28-June | Back within buy-in price.
2-Apr. | Back within buy-in range.
Stellar (XLM) Overview
What Is Stellar (XLM)?
Put simply, Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology.
The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.
If all of this sounds familiar, it is worth noting that Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten.
Source: Coinmarketcap.com | Website: stellar.org/
Stellar (XLMBTC) Chart Analysis
Stellar is one of the big players, it has been big since the day it was introduced.
Many people consider this to be a solid project.
People like me, who are more into TA rather than FA, can feel the strength of a project like this one. I always believed that Stellar was good... Still, this is irrelevant to us, we are here to trade so let's check the charts.
Normally I like to get these when they are really low, near all-time low rather than when they are already above resistance but, there is plenty of room left for growth.
When they move already, we look at the weekly chart... But let's start with the daily:
- Here XLMBTC is already trading above all EMAs, a very safe spot and consolidating before its next move.
- The indicators are good, it all looks good.
Short-term, we would use a stop-loss here below EMA100 (0.000000734).
Long-term, we continue with the weekly chart:
- Prices moved above EMA50 weekly, which is a really strong signal.
- Notice huge volume bars after a new ATL (All-Time Low).
- We have a very strong RSI.
There is plenty of room available here for growth... Let's get to the numbers.
Stellar (XLMBTC) by Alan Masters
Buy-in: 0.00000810 - 0.00000890
Next support: 0.00000745
1) 0.00000970 |Hit 29-Jan. (+13%)
2) 0.00001155 |Hit 29-Jan. (+34%)
3) 0.00001345 |Hit 10-May (+57%)
4) 0.00001616 |Hit 16-May (+89)
Potential profits: 730%
Close weekly below 0.00000730 (short-term)
Close weekly below 0.00000565 (stronger)
Capital allocation: <20%.
After countless hours of work, losing a lot, pain, and defeat...
I continued to work, never considering to concede.
After countless years of growth, so much suffering, happy moments as well but loss and deceit.
I continued to smile, never ever thinking to give in.
After countless moments alone, all by myself, nobody believed in me.
I continued and continued to work, seeing only the best that lies ahead for you and me.
I finally win!