Unpacking XLMUSDT Price Patterns💎 Diving into #Stellar's long-term price trajectory, we spot some captivating patterns. The weekly #XLMUSDT chart reveals the price nestled in a robust demand zone, a magnet for buyers. Moreover, the 200 Exponential Moving Average has been consistently rebuffed in the past weeks.
💎 The bullish uptrend is evident with the formation of LLs and LHs. Given #XLM's position at support, it hints at a promising risk-reward scenario for bullish traders. As long as the price hovers above the current demand zone and crucially, remains north of the recent low at $0.1053, the scales tip towards an uptrend continuation.
💎 Eyeing the upside, a formidable resistance looms at $0.1750, marking a 50% surge from the present rate. This resistance's potency is amplified by a dual Fibonacci level, specifically at 261.8% and 461.8%. We could witness either a swift rally or an extended consolidation before #XLMUSDT ascends. In this volatile dance, patience and discipline remain our steadfast partners.
XLM
Stellar Lumens - A Hidden OpportunityStellar Lumens - A Hidden Opportunity
I cover the chart first and then some positive fundamental's and tokenomics.
The LSE:XLM Chart
I located and plotted trigger points, boundaries and of course a time structure.
There is a clear bull/bear time pattern. Open the chart and see the months and see how they move in similar increments both by month and by number for Bull and Decline periods.
Three positive price action triggers are marked on the chart and are confirmed by the following:
1. Break above 10 Month SMA, combined with
2. Confirmed MACD Cross, combined with
3. Both occurring in the bull pattern time window
All three have just occurred as of July 2023. IN ADDITION
4. This time we have broken above the POC, and
5. We have broken out of the OBV resistance line.
All of the above is extremely bullish for Stellar Lumens XLM for the long term.
The risk/return is ideal as a price just under the bottom of the ascending triangle can act as a stop loss for you and the upper end can act as a first main point to take profit.
Undesirables:
- If we close a weekly candle outside of ascending Triangle, Exit trade.
- If we fall below the POC or 10MSMA, reduce position size or hold off until this happens and increase position size.
This chart is another fine example of how timeframes can help us structure a trade. Please note that this is a long term 12 - 18 month trade minimum. You could be exiting at any stage over those months depending on the trigger events mentioned above, ideally closing the majority of the position at the first trigger point 0.60c (lock in your stake and some profit). Furthermore, you have to be able to withstand the volatility within the ascending triangle without capitulating your position. There is currently some room to the downside but a lot more to the upside, you need to be prepared for both.
Positive XLM fundamentals:
Stellar is already being onboarded as a potentially compliant global payments system:
Stellar (XLM) like Ripple Labs (XRP) is intending to be a layer 2 international global payments remittances provider and enabler, albeit while Ripple Labs is targeting big business and institutional networks/transactions, Stellar has an incredibly varied pipeline from on/off ramps, asset tokenisation, moneygram conversion and access, and much more. Stellar appears to be targeting the developer, the retailer, the consumer, the international payments community in their transfers/remittances, and the unbanked. The Stellar Blockchain is a decentralized consensus protocol making it very quick and very efficient with a distributed ledger updating globally every 2 to 5 seconds.
ISO 20022 is an International Organization for Standardization (ISO) standard for exchanging electronic messages on payments data between financial institutions. They set the international payment standards through the likes of the SWIFT system and for the likes of CITI Bank, HSBC, J.P Morgan and Deutsch Bank.
Currently cryptocurrency’s that are ISO Compliant or in the process of becoming compliant include Ripple CRYPTOCAP:XRP , Xinfin Network TSX:XCD , Algorand EURONEXT:ALGO , IOTA and Stellar Lumens $XLM.
Why is this so important? Well because ISO compliant payment networks will be the most likely to be called upon for the distribution or enablement of Central Bank Digital Currencies (CBDC’s) and other secondary payment protocols.
Private Partnership from the likes Ripple & Stellar will likely be called upon to develop, enable and distribute a new CBDC:
We are aware that most governments are in the process of developing CBDC’s and cannot complete this task without private partnerships.
For example as early as 2019 the Official Monetary and Financial Institutions Forum (OMFIF) outlined the following observations:
“Practically, the operation of a CBDC is likely to rely on some sort of public-private partnership. Central banks could outsource the distribution of the CBDC to private financial institutions, which could also be involved in the onboarding of users”
“most central bank respondents suggested they would outsource many of the public facing tasks involved in CBDC management to third parties.”
“Some central banks noted that certain functions – such as ‘onboarding and overlay services’, or the actual distribution of the currency itself – could be ‘outsourced’ to private sector participants.”
“Among respondents, 64% said ‘intermediation’ functions, such as customer onboarding, which could be ‘outsourced’ to private sector participants, would be important in CBDC implementation”
In more recent news the Bank for International Settlements (BIS) AKA the Bank for Central Banks published a report based on surveys and data collection called “Making Headway”, they advised that:
o 86 central banks took part in the survey (including the largest)
o 15 CBDC’s would be up and operational by the end of the decade 👀
o Confirmed that Central Banks can hold up to 2% of their balance sheet in cryptocurrencies from the January 2025.
Considering the BIS is usually very anti crypto this news is significant.
Positive Tokenomics Vs competitor XRP:
XLM is currently 21st largest cryptocurrency in the world with a market cap of €3.4 billion.
XRP by comparison has a market cap of $27.8 billion and is ranked 5th, thus XRP would have a harder time of it in terms of multiplying its larger market cap and price.
In November 2019, the overall XLM supply was reduced. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created.
So XLM has a max token supply of 50 billion whilst XRP has a max supply of 100 billion making it a more price dilutable token than XLM. At present XLM have released 51% of their 50 billion max token supply to the market whilst XRP have released 50% of their 100 billion tokens - 52.9 billion tokens (equating to number greater than the full supply available in XLM). XLM’s price will be greater impacted by demand than XRP due to the lower max token supply, smaller market cap and the fact no more new Lumens can be created, it is a fixed supply.
The more participants that join the network and use the network the less Stellar Lumens are available thus creating a demand. From Jan 2020 to present Stellar Lumen accounts have increased from about 4.2 million to 6.7 million. In the same period total transactions increased from <250,000 to almost 1 million.
All in this 12 – 18 month trade comes with a lot of positive upside and limited downside. XLM has a reasonable fundamental narrative backing it that could make it central to future payment networks and the XLM tokenomics provide a lot more upside potential than those of its close competitor Ripple (XRP). I am a fan of both offerings however it seems reasonable to have an XLM position if you have an XRP one. Maybe we can be the X-Army and support one another…. Maybe “X” will use both for its payment platform. One can dream. Please have a look at my XPR chart which is similar to the this XLM one, you may find that beneficial too.
Hope all of the above helps frame XLM in your minds eye and also provides you with a structure for an XLM trade.
PUKA
XLM\XRP - I Told You This Was A Fake Out... Who Listened?Back once again to highlight some key points about what most herders have been thinking over the last couple of months. Nothing new, just some hard facts about how ridiculous these sheep like creatures appear to me when they speak nonsense garbage.
A lot of these people that doubted my predictions are just useless nobodies that never invested 2 seconds of their time to learn anything about how markets operate.
I spent over 8 years creating the AriasWave methodology and have become an expert at reading these waves as a result. I no longer need to bother wasting my time preaching my views to people. I do however like to go against these fools every now and then to rub salt in their wounds.
Most importantly there are still some good followers out there that still appreciate my work and those people are these reason why I decide to come back and post. So if you are one of those people and want me to start producing more content then start showing your support by doing the needful.
We all use social media these days, so you know what to do.
Currently there is not enough of a clear pattern for me to label the start of the third-of-a-third wave down but it's coming, so perhaps stay tuned and I may post something sooner rather then later.
Keep an eye on $XLM/USDTThis chart specifically pertains to a projected extended period of rising prices and positive market sentiment, often referred to as a "bull run." It focuses on forecasting favorable market conditions over a significant time frame.
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update.
Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
XLM | It About That Time | LONGStellar (XLM) is a peer-to-peer (P2P) decentralized network created in 2014 by The Stellar Development Foundation or Stellar.org. The network officially launched in 2015 with the purpose of connecting the world's financial systems and ensuring a protocol for payment providers and financial institutions. The platform is designed to move financial resources swiftly and reliably at minimal cost. Stellar links people, banks, payment processors and allows users to create, send and trade multiple types of crypto.
Long Grayscale Crypto Altcoin Products GXLM Stellar Lumens ZcashXLM Price Live Data
The live Stellar price today is $0.107277 USD with a 24-hour trading volume of $104,424,569 USD. We update our XLM to USD price in real-time. Stellar is down 3.56% in the last 24 hours. The current CoinMarketCap ranking is #28, with a live market cap of $2,709,539,393 USD. It has a circulating supply of 25,257,395,966 XLM coins and a max. supply of 50,001,806,812 XLM coins.
The Zcash trust is the other top opportunity. Both Stellar and Zcash have good setup to provide near 100% moves in a fast manner
XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Stellar (XLM) rose higher on Saturday, following a recent six-day losing streak which pushed the price to a multi-month low.
XLM/USD climbed to an intraday peak at 0.12 earlier in today’s session, which comes following a low of 0.1115 the day prior.
The move comes as Stellar continued to move away from a support point at 0.110, which was hit on Thursday.
This was the first time the price collided with this floor since mid-June and comes as the relative strength index (RSI) hit its own floor at 30.00.
the index has also rebounded and is now tracking at 34.84, which is marginally below a ceiling of 36.00.
Should it push past this point, the next likely price target will be around a ceiling of $0.1340.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
XLM: Pullback in UptrendStellar (XLM) technical analysis:
Trade setup : Following a breakout from a Falling Wedge pattern, price spiked up to $0.19 where it got very overbought (RSI > 75) and traders took profits (selling pressure). Now it’s pulled back to support of $0.12 and is oversold (RSI ~ 30), which could be a swing entry level.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.130, which it broke, then $0.120, and $0.100. The nearest Resistance Zone is $0.190.
XLM/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Additionally, Stellar (XLM) was another token in the green on Monday, as it continued to move away from a floor of 0.1345.
Following a low at 0.1380 on Sunday, XLM/USD rallied to an intraday high of 0.1431 earlier in the day.
This is the third straight session that Stellar has traded higher and comes despite a recent downward crossover of moving averages (MA).
the 10-day (red) MA moved below its 25-day (blue) counterpart, which is typically a bearish signal.
Even though momentum has shown signs of weakness, XLM bulls will likely continue to target exits at a ceiling of 0.1600.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
🔥 XLM Falling! Triangle Break Out SignalI've been looking extensively at XLM over the last few weeks. In my previous analysis I was patiently waiting for a moment to enter long. In the end, my entry target has never been hit and my bias switched bearish.
As of today, XLM has seeming broken out of the triangle. Since it's a bearish break out, we're looking to short this token.
Stop above the most recent top, target at the lows just before the July pump.
STELLAR LUMENS (XLM) new volume 🚀Hello 🐋
based on the chart
the price is close to daily and fib supports and new volume again for the price 📖💡
we expect to see more gain for the price in log term targets 🚀💣
before
more gain, we can see even correction to the downside ❌🧨
and
range market is logical too 💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
🔥 XLM Triangle Break Out Soon: High Risk-Reward SignalXLM has seen some crazy volatility over the last two weeks. With XLM on the verge of breaking out, I'm anticipating that volatility will return and XLM will see new 2023 highs.
I'm waiting for the price to break out the triangle and close above 0.167 before considering an entry. Stop below the most recent swing lows, target at 0.30.
XLMUSD: Closing over the 1W MA200 can lead to 0.3200XLMUSD is on the third straight green 1W candle after the massive one that broke over the 1W MA200 for the first time in more than a year. However it closed the 1W candle under it, and so did last week's. Naturally, the uptrend needs a 1W candle to close over the 1W MA200 in order to confirm more upside.
The 1D timeframe is on healthy 1D technicals but 1W is overbought (RSI = 73.412, MACD = 0.010, ADX = 20.860) so failure to close above it, can deliver a pullback towards the 1D MA50 for one final buy entry.
Based on the price as well as the RSI pattern, the current trading sequence is comparable to the July-August 2020 1W MA200 tests. That gave the pullback but after it crossed over, the first target was the 0.618 Fibonacci level. That's now at 0.3200.
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XLM Decision making time!XLM broke out of its bearish downtrend after a 100%+ move from the XRP case verdict. After this breakout, it had a solid pump and is now sitting right below resistance. Ii can see XLM pump up to .1670 before being rejected but if it fails here I would wait for the purple line below to get retested again before entering a long trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
Stellar (XLM) Rising to the NorthernTrend Bullish Signal
Stop at support
XLM’s price has hiked significantly over the last few years. Back in 2018-2019, it kept falling below its previous ATH of around $0.93 (recorded in early January 2018). It was only in 2021 that its price again rose, hitting a price level of over $0.7 around mid-May. However, as the cryptocurrency market collapsed in the second quarter of 2022, XLM went into a bearish dive.
At press time, XLM was changing hands at $0.088468, with a market cap of $2.1 billion.
Here’s when Stellar (XLM)price action will turn north
The price of Stellar Lumens (XLM) has dropped since the beginning of April and is in the process of creating its fourth consecutive bearish candlestick. Going by the general trend in the crypto-market right now, we should be prepared for more bearish movement from the token.
At press time, XLM was trading at $0.08848.
On April, Brazil’s central bank launched the pilot for its experimental central bank digital currency (CBDC). The test for Brazilian CBDC, Digital Real, is taking place on the Stellar blockchain network.
Soon thereafter, Pendulum announced the release of the Spacewalk bridge that connects the Polkadot infrastructure to Stellar’s blockchain so Polkadot can access fiat and stablecoin currencies. The Spacewalk bridge will allow Polkadot to access the entire infrastructure created by Stellar, especially that related to cross-border payments.
Stellar is today one of the best platforms for facilitating faster and easier international financial transactions. It is based on a decentralized on-chain protocol. Stellar users trade in Lumens (XLM) which is the platform’s native cryptocurrency.
Another important feature of Stellar is that individuals are more interested in Stellar than organizations, as it is a platform for small-amount payments. It is gaining popularity due to its simple user interface.
Stellar enables real-time transactions to occur anywhere in the world in as little as five seconds. A new smart contracts platform called Soroban has released its second preview. The upgrade intends to increase platform developer friendliness, scalability, and sensibility.
Last year, Ethereum transitioned from the proof-of-work (PoS) to proof-of-stake (PoS) consensus mechanism following the Merge. A major reason for this step was claimed to be the adoption of eco-friendly processes. In this regard, Stellar is very promising, as it has a smaller carbon footprint. Its authentication cycle is also fast, keeping energy use to a minimum.
Acting as a decentralized currency exchange, Stellar helps you track all of your assets with an order book. You can sell, buy and manage all of your assets here, with XLM acting as an intermediate currency for paying transaction fees. The currency is very useful for the users because it helps you reduce transaction costs.
Transactions on the Stellar platform are performed swiftly due to the ease of Lumens. The currency not only makes transactions seamless for the sender and the recipient but also ensures that transactions are secure.
Jed McCaleb, Co-founder, and CTO of Stellar said in an interview with CoinMarketCap that XLM is used in a fundamental way for the network.
XLM is listed on a number of crypto exchanges including Binance, eToro, Huobi Global, CoinTiger, FTX, and OKEx. This shows that the currency is an increasingly accepted choice of investors now.
A total of 100 billion XLMs were issued when the Stellar network was launched in 2015. In 2019, the group announced that it was burning over half of the cryptocurrency’s supply. Stellar mentions on its website that currently, there are around 50 billion XLMs in existence; 20 billion XLMs are in circulation and 30 billion XLMs are retained by the Stellar Development Foundation for project development. Nothing more will be created.
Where Stellar trumps other financial platforms is its low transaction fees, which have drawn a huge number of cryptocurrency users to it. It is one of the few blockchain networks that has been successful in collaborating with large tech corporations, such as Deloitte and IBM. Stellar, in partnership with IBM, launched a project that enables FinTech to engage in financial transactions using assets such as stablecoins.
It must be noted that Stellar is one of the large corporations that are operating in the cryptocurrency market. It is one of the most centralized cryptocurrency networks active on the internet. While the Stellar network uses decentralized nodes, it doesn’t have that many validators. Such an infrastructure gives the group a lot of control over the operations and price movement of XLM.
In 2016, Deloitte announced a partnership with Stellar, along with four other blockchain networks, to provide new technological capabilities to its global financial institution client base.
In June 2018, Fortune reported that New York financial regulators approved Stellar Lumens to trade on the Bit exchange, the first time the state’s authorities have given it the green light.
In October 2021, IBM partnered with Stellar to facilitate cross-border payments by banks. The system uses XLM as a bridge currency for transactions and it has been successful in the South Pacific region.
The same year, Moneygram announced a partnership with Stellar. Its integration with Stellar facilitates the conversion of the USDC stablecoin into cash and vice versa. The facility aims to encourage the liquidity of cryptocurrencies and the integration of traditional and cryptocurrency markets.
In October 2021, Flutterwave, a global payments technology company, also announced two new remittance corridors between Europe and Africa on the Stellar network. The step is a major step in Stellar’s expansion in the global market.
It also succeeded in receiving certification from the Islamic scholars of Bahrain in 2018, aiming to integrate the technology into the field of sharia-compliant financial products, reported Reuters.
“We have been looking to work with companies that facilitate remittances, including in the United Arab Emirates, Saudi Arabia, and Bahrain. It’s a huge market,” said Lisa Nestor, the then-director of partnerships at Stellar. Since the Middle East and South Asian regions are key areas of growth for the group, where a lot of countries are run on a sharia-compliant system, this is a major success for Stellar.
Developing economies are the focus of the Stellar network in the areas of remittances and loans. It primarily aims to target those who are still not part of the traditional banking system.
In June 2022, the global platform for modern money movement, Nium, and Stellar announced a partnership to enable payouts to 190 countries. “This integration truly drives home the value that blockchain-powered cross-border payment solutions bring to the current financial system,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “At SDF, we are always working to fill up the map and connect the network to more of the globe. Together with Nium, we are thrilled to expand the reach of the Stellar network so significantly.”
Another prominent feature of Stellar is that it gives power to the community to decide what project(s) the blockchain should focus on.
We will now briefly give an overview of the key performance indicators of XLM, such as price and market capitalization. We will then summarize what the world’s leading crypto-analysts have to say about the future of this currency, along with its Fear & Greed Index.
The market capitalization of the cryptocurrency follows its price trends throughout. In early January 2018, it was nearly $9 billion, and it skyrocketed to as high as $16.5 billion (May 2021) during the crypto-boom of 2021. In fact, it was performing fairly well in 2022 too, until the market crashed during the year’s second quarter.
Stellar has seen many growth spurts over the past few years, such as when Mercado Bitcoin announced its use of the platform. In less than a year, Stellar housed almost 3 million user accounts. Since that time, however, Stellar has built a network of partners that includes Flutterwave and MoneyGram.
The Stellar network is considered a rival to the Ripple network. While Ripple helps banks make fund transfers, Stellar helps individuals outside the banking system make fund transfers. Its simple, swift and economical process has made it very popular among users across several developed countries.
These developments are certain to boost Stellar’s credibility among the users and raise the price of Lumens. Besides, XLM is one of the most eco-friendly cryptocurrencies. Its consensus model is faster than both PoS and PoW, making it the preferred choice of many investors.
The unique features of Stellar such as strategic partnerships and convenience, make XLM one of the most reliable crypto investments. Its growth as a payments network will be the most important factor influencing the future of XLM.
Despite being embroiled in a legal dispute with the Securities and Exchange Commission (SEC), Stellar’s Lumens coin is a major cryptocurrency to wager on.
In June 2022, the system upgraded Protocol 19, building payment channels and key recovery channels. Stellar is also working on the Project Jump Cannon to facilitate a robust execution environment for smart contracts.
In 2022 itself, many crypto exchanges such as WhiteBIT, CoinMe, and Mercado Bitcoin enabled USD-backed stablecoin transactions, increasing the access to USDC on Stellar.
Coinbase Wallet announced in November 2022 that it will no longer support the XLM token, along with BCH, ETC, XRP, effective 5 December. Coinbase cited “low usage” as a reason for delisting the four coins.
The SDF has also established a $100 million fund to encourage developers to create applications for the Soroban smart contract platform. Soroban adds Turing-complete smart contracts to the Stellar blockchain, allowing developers to create new financial services rails on the network.
The Stellar Community Fund (SCF) has announced that 21 projects will receive funds as part of its 11th round. The required funding for the winning projects will be given to them in XLM tokens. The grants total more than 13 million XLM for the entire round.
South Korea’s leading cryptocurrency exchange, Upbit, announced the temporary suspension of deposits and withdrawals of the Stellar network’s native token, XLM, and other assets on the network. Upbit stated that the event was caused by the need for maintenance of the Stellar network and the wallets in it.
In March 2022, Stellar stated in its blog that it will launch Project Jump Cannon, an E&D venture to introduce native smart contracts for its blockchain. The same month, it also introduced the Starbridge project that would create bridges between Stellar and other blockchains, enabling interoperability.
Since December 2022, the Stellar network has been working with the United Nations High Commissioner for Refugees (UNHCR) to provide its blockchain payment solutions to those affected by the war in Ukraine.
In January 2023, Stellar (XLM) announced its decision to join the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC). It is important to note that the committee is composed of a diverse group of members with backgrounds in both traditional finance and cryptocurrency. As a result, Stellar’s (XLM) unique perspective on Layer 1 protocols may not carry the same weight as that of more established players in the space.
If Stellar continues to adopt more of such innovations and succeeds in building a larger community, it can prove to be a significant player in the crypto market.
The latest Fear & Greed Index projects a ‘fear’ market sentiment for XLM.
XLM Price Surge and Support LevelsXLM experienced a significant price increase in the past month, making it one of the top currencies in the market last week. The currency broke through the resistance level of $0.087 and then pulled back to that level before continuing its upward trend without breaking the short-term trend line. Positive news in the market caused the currency to surge with bullish spike candles. The price of Stellar rose by almost 100% and reached the resistance level of $0.19, resulting in a strong negative reaction. However, the price showed a positive response to the support level of $0.125 during a corrective wave. As long as this support level holds, we can anticipate further price growth towards the resistance area at $0.19.
Seasonal Crypt Growth with Powerful Positive SignalsTo date, we have come to another opportunity for market growth. The second half of the year, after an intense struggle, opened above 1900, which gives support and opportunities for 2250-2500 test attempts. The continuation of the trend in a row from the first numbers was disrupted by the drawdown of the euro, which I warned about, because quite strong pullback signals were left. However, this movement was only a pullback, after which the dollar continued to fall. Until the end of the month, I think the crypt will continue to adjust to the position of the euro with large bullish monthly candlesticks, which is already observed for xlm xrp sol and individual ixanuvshiy alt. The main positive factor will be the consolidation of the euro above the key level of 1.125, which will give a signal to fix the bullish trend.
Investments in alts are still rather sluggish due to the lack of a clear continuation of the trend in the tops and the foreign exchange market. However, there are more and more reasons for bullying. The drawdown of the dollar gives the green light to the crypt. Against this background, the ether opened the second half of the month above the opening of the monthly candle, which increases the probability of purchases by the end of the month on candle models with targets at 2250-2500. Due to these factors, we observed a significant increase in purchases from the move right before the opening of the second half of the month, which showed a strong increase in buyers for this period. Also, July – August are seasonally a powerful period of growth.
Basically, bitcoin is slowing us down so far, which opened the second half of the month less positively. However, we are still confidently holding 30k. The half-year is also open above. At the moment, the growth of coins is due to the distribution of funds from the cue ball for other projects. I have pointed out this prospect in many recent reviews, in particular, I expect a further decrease in the dominance of the cue ball with goals by 40-45% under an optimistic scenario. That is, even with a long flat, the cue ball will lose most of the coins. In particular, in my opinion, the probability of going to 0.10-15 of the eth/btc pair prevails.
And so we opened the half-year, the month and the second half of the month well on the air, and therefore there are high chances to see an influx of buyers from the second half of this week to the middle of August under an optimistic scenario. Negative factors can only be the collapse of the euro below 1.1, which is now possible only at the end of the month, and the collapse of the cue ball to 25-27.5 against this background. The probability of sales has dropped to 35-45% so far in my opinion. But since sales are possible only at the end of the month, this week is quite safe for topping up with possible breakdowns on individual coins.
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