of Symmetrical triangle
After a few days of a 42% correction (92 ATH - 53) all signs point to a reversal and resumption of upward movement.
50, 100 and 200 (day moving average) are all curling upwards, as it's looking like it's starting another move back towards ATH (All Time Highs).
Interestingly, Stellar was a hardfork from Ripple in 2014. Transactions on the decentralized Stellar network resolve in 2-5 seconds for a fraction of a cent, aiming for low-cost payments between different currencies. Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation. With a team of top technology and finance professionals, the nonprofit Stellar 0.00% . org expands access to low-cost financial services to fight poverty and maximize individual potential. Stellar 0.00% (Lumens) (STR/XLM) is supported by IBM , Deloitte, Stripe, Google . org , Blackrock and loads of other big companies.
Looks interesting to me with still a lot of upside potential. US Dollar parity is the near term target, as it goes the way of Ripple. $10 USD parity in 2018? Given the way this market can sometime move, as well as the fact that STR ( XLM ) is valued far less than any other of the top 17 crypto currencies, I wouldn't be surprised at all to see it pass 1 USD parity in the coming weeks-month and even break the double digit value (i.e. $10) in 6-12 month's time, but who knows.
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
All the best luck trading
I also found these videos simple, straight forward and very informative: https://youtu.be/CRL-Yhw0NSM
Stellar has less than half the circulating supply as Ripple, yet currently is far less than a quarter the price of Ripple. It also has a far more clearer humanitarian objective than any altcoin that I have seen articulated thus far.
Still looking for confirmed breakout
of expanding Symmetrical triangle
Still looking like a breakout
of an expanding Symmetrical
Triangle or Wedge Buy Signal
Volume is starting to pick up. MACD is just breaking green moving up at zero. RSI is oversold with lots of buying room upwards. 50 EMA (day moving average) is moving up. We're getting there. Just need to power up the warp drive some. ;)