I personally think XLM will continue its upward trend but continue to monitor till it completes triangle. I personaly think it wont go below $.40 do to the fact it did a lot of accumulation at the $.30 range and a bit of the $.40 range. It will reach $.70. This is a good one for a quick flip . Any input guys??
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still flirting with the $.52 to $.54 ranges
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so I just woke up do to the fact I'm out the country.. so I think it still hold we will see $.60 very soon
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$.62 cents it will hover around that area till we hit that $.70
Volume is still very low, and ETH / BTC dominate it's moves.
I admit it stopped falling, but I'll remain skeptical until it breaks the wall above 0.59
I lost twice on this one on false breakouts.
So I'll be VERY carefull with this move.
abelgalaz
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@christophelorenz, I think anything around the $.50 to $.55 rang max will be a good pick up for a quick flip. Yes you are right about BTC the only thing I don't like about this. But seems the popular alt coins been doing good from about 3 to 4 days ago.
christophelorenz
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@abelgalaz, On Binance XLM/ETH there's a wall 0.00059ETH, but after that... nothing until 0.0010. Nice jump ahead, but it needs more fuel.
abelgalaz
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@christophelorenz, I believe we got a little bit of that fuel..what you thinking
christophelorenz
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@abelgalaz, Yes, volume is picking up ... but still not eating that top wall. Seeing how fragile market is,-if- I trade it, I'll wait for it to cross that wall that will become next resistance.
See what happened the 24 jan 18:40 GMT. Spikes back and forth between 0.00050 and 0.00058... That's what happens when book orders are empty.
For now there's a bit of support at 0.0005 eth but the wall at 0.0006 is 4 times that.
Below 0.0005 there's close to nothing. If price drops below 0.0005 it will drop much much lower.
I don't look at XLMUSD anymore because the relationship between XLM has with BTC / ETH is dominating.
Don't think because XLMUSD is up you made some profit. Check what ETH has done in the same range and what you would have now if you stayed in less risky ETH.
Also DON'T use market price of stop loss in XLM at this point.
Since volume is so low, it will either collapse or spike and give you the worst price ever.
I experienced it and trust me ... it hurts.
Right now, if a few people panic and sell 1M XLM at market price, it will eat all orders lefts and the LAST one is at 0.0003 ETH.
Appart from that Stellar is a great project and I really trust in it's future.
Vastly supperior to Ripple and has some ethics behind it.
Reminder too - IBM is THE company providing computing infrastructure to banks.
But for now, no one is trading it and it's kind of floating around ...
With more use cases it will be an awsome project.
Untill then ETH is still for me a vastly more robust crypto because it has use cases.
It is still a crypto used for cryptos ... but what other coin has a better practical use now ?
abelgalaz
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@christophelorenz, great info and and I do believe what you say about being a great company and comparing it to ripple
Inspirar
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@christophelorenz, Excellent point there. I see a far larger Buy Wall on the XLM/ETH pair and a larger Sell Wall on the XLM/BTC pair ;-)
Inspirar
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@Inspirar, I'm seeing lot's of BIG movement in the buy/sell orders shifting fast. Now looks like some huge sell orders on both pairs. Still need volumes to rise a lot for those, which may take a bit. We'll see what happens as the states wake up. It may take a bit.
christophelorenz
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@Inspirar, Indeed I watched it live and it was crazy. No orders around before 0.0006 eth and all of a sudden there was more than 1.000.000 XLM being put on buy and sell.
Huge fight and bears won that one.
I highly suspect market is being taken over by auto trading bots... because now order books are back like before.
Insane amounts pop from nowhere in a few minutes, swap back and forth, then dissapear when price stop oscillating.
Of course in the mean time, ETH went up and XLM down... during the bull run there was little correlation, but now XLM is just a slave coin like before.
Volume is still 3 times more than 3 days ago, so all hope is not lost.
But that looks like another failed breakout attempt for now :-(