Stellar Lumens Price analysis 5/2/2018
📚I am not a financial advisor, and nothing in this video constitutes financial or legal advice. Please invest responsibly and do your research with due diligence.
It is not really hard to see. There is a direct connection between the coin exchange listing and demand. So, when rumors of CoinBase availing either Ripple XRP or Stellar Lumens XLM to their customers continue to heats up, expect prices to recover.
Then again, it may be a timely or even a misplaced rumor because BitFinex account holders can now trade XLM in exchange for a host of other fiat and crypto pairs as Bitcoin and GBP. Of course, we need more listing and platform announcement for Stellar to continue scaling the price ladder As it is, Stellar is the only coin in the top 10 that is resilient and in the green. Risk- averse traders can wait for a break above 50 cents or the 50 percent Fibonacci retracement tool before buying. Other can decide to buy now and place their stops below May 1 lows at 35 cents. Remember, overly we are net bullish this coin and so it all about entry point refinement.
Source: https://www.newsbtc.com/2018/05/02/neo-stellar-tron-litecoin-eos-analysis/
Let me know what you think!!