Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost. Send money across borders quickly, for a fraction of a cent. Facilitate low-cost payments between different currencies.
If you are interested to find more about Stellar, here is the official site: https://www.stellar.org/
What do we know so far about Steelar:
- According to CoinMarketCap is in top 10 altcoins (RANK 8)
- Market Cap : $1,733,941,194 USD ( 435,172 BTC )
- Volume (24h): $170,873,101 USD ( 42,884 BTC )
- Total Supply: 104,742,449,934 XLM
- Circulating Supply: 19,175,501,080 XLM
- Stellar Price : $0.090425 USD
We are going to look at Steelar for a middle- long term.
On the chart above:
- XLM/BTC hit the immediately support line and we can see that the price was rejected from there.
- We just break out of the falling wedge, which gave us a strong reversal signal ( it looks like XLM is moving in a falling wedge pattern)
- The RSI is oversold
- The risk/reward ratio is amazing! ( 9,06)
Events:
- 04 March 2019 NYC Meetup: Stellar Blockchain Meetup at AWS Loft 350 West Broadway, New York, NY from 6:00 PM - 8:30 PM (EST). Source
- 19 March 2019 Money 20/20 Asia: Money 20/20 Asia in Singapore from March 19-21. Source
A clearer view of the chart
Trade: XLM/BTC
This trade opportunity is in your hands. Take it or leave it!
Stop loss: below the immediately support
Disclaimer :
My posts are never financial/invest advice! For a favorable outcome, make your own research! Never invest more than what you can afford to lose. Don't forget, it's all about positive thinking and patience!
Remember, you should always use a stop loss!
Feel free to share your thoughts on the comment section below.