STELLAR: Possibly the most healthy altcoin nowadays
There are not so many altcoins these days presenting resistance against the whole crypto market bleeding.
The 50 first coins of the coinmarketcap are declining, showing a clear downtrend at the 7 day chart.
Only STELLAR, and of course Tether which is USD pegged, demonstrates a good and healthy chart.
Looking at the 4Day-charts XLM/BTC, the performance of STELLAR is also very good, travelling within a long triangular pattern, between and upper and lower Mid-term lines:
As you can see, STELLAR, after rebounding on (e) is in its way to meet again the Upper Resistance Trendline.
At the beginning I thought that possibly the rumours about a Partnership between STELLAR and FACEBOOK were driving the move up, but Facebook denied a couple of days ago that collaboration so, this move up does not have any relation with that.
In my opinion, if STELLAR keeps growing as is doing on a very bad period of time as we are now, can you imagine what is going to do as soon as the bulls will be back again?
Will not be weird to see STELLAR advancing EOS in short time.
The projection if STELLAR manage to break that Resistance is promising...8000 Satoshis? Why not?
Enjoy cryptoland!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted at TIMM
Nice post. I'm extremely bullish on Stellar long term. Great team, project, partners, etc. Expecting good things.
I Hope in September: if the will approve the ETF everything will be greater for all' the investitore and Steemians too or on the oggetto end It could be the end...
Congratulations @toofasteddie! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPIt would be nice if Stellar did fly upwards in the bull market, based on current performance. Sadly reality normally doesn't play nice, by that time Stellar may well be on a down cycle! It has been doing very well lately though. On top of that, it also moves around quite a bit during the day and is a useful coin for day trading.