Crypto Contest September 24: Stellar
Stellar (STRBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Stellar began a wave one advance in September 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 26 this year, and the red wave two (blue sub-waves a-b-c) correction ended on July 12. If this wave count is correct, Stellar should be heading next towards the January 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Stellar is currently in the red wave three (blue sub-wave iii). The red wave three began in September 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Stellar is a platform that connects banks, payments systems, and people. Altcoin Daily has covered the latest Stellar news from September.
(Sources: https://www.stellar.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Stellar will takeout the January 26 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Stellar will drop below the July 12 low".
If you think Stellar is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Stellar will stay in a trading range between the July 12 low and the January 26 peak until October 30".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST September 27 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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Stellar will takeout the January 26 peak (17 voters as of 3 PM EST September 27: bleujay, bentleycapital, novus-locus, allyouneedtoknow, crokkon, michaelluchies, ace108, kunschj, freiheit50, reconnectnature, koskl, lydon.sipe, amity123, mike11, pario, mirda, criptorafa).
Bull market baby! Let's do this!
Stellar will stay in a trading range between the July 12 low and the January 26 peak until October 30 (24 voters as of 3 PM EST September 27: gregory-f, abh12345, glennolua, diana.feuerberg, soundmoney, vicspics, jznsamuel, milano1113, toofasteddie, steem-d-anlovnit, jlordc, starline, fullcoverbetting, sbcbot, themovieplace, dine77, chotho, biomanu, marverick984, mitrado, techlife, rothberg, nzl19500, richard78624).
You won. Paid out from @maarnio1
Stellar will drop below the July 12 low (7 voters as of 3 PM EST September 27: sqlinsix, skepticology, simonjay, barbadosso, steemit.nemesis, punjolife, sporttr).
Stellar is/was one project that I was convinced, and I didn't invested in it only because the price was too high at the moment I concluded my research on it.
I´m still very bullish on the future of STR, but I don´t think it will take out the January 26 peak until the end of the year.
Thought that the trading pair was XLMBTC and not STRBTC... STR I think is STRATIS
https://coinmarketcap.com/currencies/stellar/#markets
Poloniex has STR.
Yes...that’s true 🤔
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