Magnet mode overview for Stellar! [XLM/BTC] 90% PP(potential profit)steemCreated with Sketch.

in #trading • 6 years ago

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. 

TradingView chart link

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.    

#crypto #cryptocurrency #bitcoin #binance
6 years ago in #trading by
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     6 years ago 

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