Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Stellar Forum => Topic started by: Shahinaz on December 05, 2020, 02:49:11 PM
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The Stellar (XLM) price is consolidating inside a symmetrical triangle right below a long-term resistance area. While it is possible that XLM breaks down from the triangle and reaches a slightly lower low, the long-term trend seems to be bullish and XLM is expected to eventually break out above the resistance area.
Long-Term Levels
During the week of Nov. 16-23, the XLM price price created a significant bullish candlestick in the weekly time-frame. XLM followed it up with another considerable increase the next week. It culminated with a high of $0.23; a more than 200% increase in just two weeks.
XLM trades currently only slightly below the long-term $0.19 resistance area. It has not closed above this area since it initially broke down on Oct. 2018.
more :
https://beincrypto.com/is-xlm-consolidating-before-a-breakout/
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In terms of charts for cryptocurrency trading, I don't understand it because reading charts from Stellar requires a deeper understanding.
I have no interest in learning to read charts and this is definitely my constraint to judge about charts from Stelalr.
But I am sure that this Stelalr will continue to increase in price as time goes by for the increase of the Bitcoin price.
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Yes sir you have made a very nice post I agree with you. Because the stellar coin cryptocurrency, however, occupies the place. And one of the most popular coins is the Stellar Coin. And the cryptocurrency of these coins is in great demand.
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In terms of charts for cryptocurrency trading, I don't understand it because reading charts from Stellar requires a deeper understanding.
I have no interest in learning to read charts and this is definitely my constraint to judge about charts from Stelalr.
But I am sure that this Stelalr will continue to increase in price as time goes by for the increase of the Bitcoin price.
In essence, stellar is a fairly good platform and a popular asset in the cryptocurrency market, but it is not enough to trade stellar cryptocurrency when the platform is used by a small number of developers of new projects. I believe that it is the new and promising developments using stellar that will make it more popular and in demand in the cryptocurrency market. Although the past year has been quite productive for the company, as many new partners have joined the network, including such a giant as IBM.
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The Stellar (XLM) price is consolidating inside a symmetrical triangle right below a long-term resistance area. While it is possible that XLM breaks down from the triangle and reaches a slightly lower low, the long-term trend seems to be bullish and XLM is expected to eventually break out above the resistance area.
Long-Term Levels
During the week of Nov. 16-23, the XLM price price created a significant bullish candlestick in the weekly time-frame. XLM followed it up with another considerable increase the next week. It culminated with a high of $0.23; a more than 200% increase in just two weeks.
XLM trades currently only slightly below the long-term $0.19 resistance area. It has not closed above this area since it initially broke down on Oct. 2018.
more :
https://beincrypto.com/is-xlm-consolidating-before-a-breakout/
Yes, you are right and i am agree with your post. I believe that XLM breaks down from the triangle and reaches a slightly lower low, the long-term trend seems to be bullish and XLM is expected to eventually break out above the resistance area.
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In the event of a large drawdown, the pullback will be fast as there are enough shark investors for its liquidity and retention.
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In the event of a large drawdown, the pullback will be fast as there are enough shark investors for its liquidity and retention.
Keep calm mate, if you still have XLM , I think you should hold.it.
Don't panic. Crypto currency market is growing up again now.
So, If you have free money, buy more and hold it..
You will get the big profit while bullish.
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Stellar doesn't really care about the increase and decrease in the price of its coins because Stellar coins are already embedded in the hearts of investors and holders, so anyone can increase and decrease the price of Stellar coins.
I also don't understand what Breakout is but this Stellar coin almost exactly follows the price of Bitcoin, when Bitcoin goes up the price of Stellar coin goes up and I love trading Stellar coins because it is almost available on all exchanges.
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Stellar doesn't really care about the increase and decrease in the price of its coins because Stellar coins are already embedded in the hearts of investors and holders, so anyone can increase and decrease the price of Stellar coins.
I also don't understand what Breakout is but this Stellar coin almost exactly follows the price of Bitcoin, when Bitcoin goes up the price of Stellar coin goes up and I love trading Stellar coins because it is almost available on all exchanges.
Almost all of altcoins will follow bitcoin progress.
Break out or not , It's depending on bitcoin progress on crypto market.
I think If bitcoin down, altcoin will down too.
I agree with this trading Stellar coins because it is almost available on all exchanges.
Stellar is very popular.
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In the event of a large drawdown, the pullback will be fast as there are enough shark investors for its liquidity and retention.
Keep calm mate, if you still have XLM , I think you should hold.it.
Don't panic. Crypto currency market is growing up again now.
So, If you have free money, buy more and hold it..
You will get the big profit while bullish.
I remember about buying XLM worth $200 and holding it until now on my non-custodial wallet because of the Aqua airdrop. Right now, I lost almost 50% of the value. I understand that most of the altcoins including XLM are influenced by BTC’s market movement. I didn’t sell it because of the event where Aqua needs to snapshot our addresses on January 15th. But during that time, I’ve already lost almost 50% of the value.
Since I am not in a rush, I don’t mind holding my XLMs for a very long time until it can go back to the original value that I’ve bought last time (or even more than that).
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I'm sure that Stellar will be a good coin in the future, sometimes Stellar is not good for short-term trading because the price of Stellar doesn't seem to change much if you look at it in the short term.
I also believe that in the future Stellar will become a super coin that is needed by everyone because this consolidation makes us learn that Stellar is suitable to invest in the long term.