Long

Stellar Long

Updated
After my initial ideas on Stellar the price started to drop a lot more, so I was forced to close my position.

Buying at these levels has will allow us to accumulate a lot more stellar than I had with less capital, hence a perfect buy in.

The 1 day chart is showing some major bullish MACD divergence, lower lows on the chart and higher low on the MACD oscillator.

Such bullish divergence can push XLM/BTC back to 1000 satoshis.

Once we start to see increase in volume it's time to get in. Also watch ripple price action as these two pairs seem to follow similar price action.

Good luck all.
Trade active
Stellar woke up earlier than expected.

TP 1 : 750 satoshi
TP2 : 1000 satioshi
TP3 : 1500 satoshi
Trade closed: target reached
I closed this trade in profit due to Bitcoin rally.
Note
Got back in with IBM deal announced at 370 satoshi.
Trade closed manually
Bullish PatternsDivergenceLONGoversoldstellarlumensSTRBTCTrend Analysisxlmbtc

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