Ripple/XRP: “XRP is definitely coiling up”, says prominent trader and charting expert

Peter Brandt, the author of “Diary of a Professional and Commodity Trader” and a well-known trader tweeted the charts of Steller Lumens [XLM] and XRP on January 21, 2019.
Brandt tweeted the technical analysis chart of Stellar Lumens and set the first target as $0.0653 and the next one at $0.00150 and said “so basically worthless. Sorry.”
Source: @PeterLbrandt
A user, @BrandonVanB replied to Brandt’s tweet:
“@PeterLBrandt do you have any insight into XRP (Ripple). The fundamentals look amazing.”
Peter Brandt replied to @BrandonVanB with another technical analysis chart saying: “XRP is definitely coiling up”
Source: @PeterLbrandt
“Coiling Up” is a technical term used to signify a market which has the potential to make a strong move in one direction after being pushed in the opposite direction or held flat. The idea is that if a market should be headed in one direction due to its fundamentals but has pressure in the opposite direction, it will eventually make a strong move in the course of the original fundamental direction.
Moreover, the coiled move will be more significant and substantial than the move if it would have continued in the normal direction without interference.
Brandt’s tweet doesn’t necessarily mean that the movement of price will move upwards, it could go either way. In addition to the technicals, Ripple is on a crusade with a slew of partnerships with various institutions around the world.
Ripple has over 200+ partnerships which are spread over 40 countries and each one of them is using Ripple’s blockchain solutions, be it xRapid, xCurrent, or xVia.
Brandt’s tweet faced a lot of commotion in the community as Brandt had said that “XRP will replace NO portion of global forex trading volume” in August 2017.
@CarpeNoctom replied to Brandt’s tweet saying:
“Almost every crypto chart looks like that
So I guess everything is worthless soon
Sorry not sorry”
Another Twitter user, @OSD728 commented:
“If the prices of xlm do go that low I will definitely buy more not saying I want it to but still that’s a good entry point”
Peter Brandt is well-known for his prediction of the 2018 crash of cryptocurrencies and for his accurate predictions when it comes to technical analysis or charting.
The post Ripple/XRP: “XRP is definitely coiling up”, says prominent trader and charting expert appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] & EOS vs Tether [USDT] & Stellar Lumens [XLM]: A surprising factor between the gainers

The past one week has been a roller coaster ride for the cryptocurrency world, with a sudden bear surge bringing a buzz back into the cryptosphere. The top-ten cryptocurrency club has seen rank changes and price surges over the past seven days in such a significant fashion that it would be hard to believe that a sustained bear hold had ensued before this.
The magnitude of the price increase is made evident when one sees the difference between the two highest and the two lowest gainers in the cryptocurrency club.
Bitcoin Cash [BCH], after the hard fork, has emerged as the biggest weekly gainer, clocking a spike of a whopping 94.28%. The increase has also lifted Bitcoin Cash from below the number five position to its old stronghold at number four. At the time of writing, BCH was holding a market cap of $3.265 billion, with an increase in 24-hour volume to settle at $1.11 billion.
BCH was closely followed by EOS, with the Brock Pierce co-founded cryptocurrency shooting up at the rate of 40.56% over the past week. Just like Bitcoin Cash, the arrival of the bull has placed EOS at its usual haunt of number five on the cryptocurrency charts.
At press time, EOS was holding a market cap a few million more than Stellar Lumens [XLM] at $2.448 billion. The cryptocurrency also had a 24-hour market volume of $1.353 billion.
Coming to the lowest gainers, it is important to mention the two cryptocurrencies have risen at a significant rate, but the magnificent bull run has affected other cryptocurrencies in a much better fashion.
The cryptocurrency that gained the least over the past week was Tether, with the stablecoin just recording a 2.14% rise on the charts. During the period, research also bought into light some information about Tether’s speculative linked funds. Tether held a market cap of $1.903 billion, with a 24-hour market volume of $6.534 billion, which was figure second to just Bitcoin [BTC].
Next on the list of least gainers, was Stellar Lumens [XLM], which after rising just 2.14%, was ironically one of the biggest gainers before the latest bull run. The Jed McCaleb co-founded cryptocurrency held onto a market cap of $1.903 billion with a 24-hour market volume of $124.007 million. Just a couple of days back, Stellar Lumens had rocketed to the number 4 position, dismantling Bitcoin Cash from the position.
The post Bitcoin Cash [BCH] & EOS vs Tether [USDT] & Stellar Lumens [XLM]: A surprising factor between the gainers appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens Dethrones Bitcoin Cash for the 4th Position with a Series of Positive News Flow

A lot of movement has happened on the crypto ranking charts since the volatility has returned to crypto markets. First, it was Ethereum that was dethroned by XRP for second place, then Bitcoin (SV) moved above Tether to eighth place for sometime before settling back to ninth. And now it’s Stellar that has pushed Bitcoin Cash to down to gain the fourth spot.
Stellar Lumens has enough positives that could keep it at fourth place
At the time of writing this article, Stellar Lumens was at the fourth position with a market cap of 3.192 billion a little over BCH ‘s market cap of 3.122 billion. The price was USD 0.166 and was in the green by over 3%

Source: Coinmarketcap
In the carnage which bought back volatility to cryptos, Stellar lumens (XLM) prices too took a hit,  however, the quantum of the fall for Stellar was far less as compared to EOS and Bitcoin Cash (BCH).
Also, Over the past two weeks, Stellar did have some amazing fundamental news flow which helped it climb the ranking charts
Recently, the Malaysian exchange PinkExc decided to move from Ethereum blockchain to Stellar (XLM) blockchain technology. The exchange wanted to use the Stellar blockchain technology because it meets their need for a faster, cheaper and more reliable asset value transaction token.
Also this week, Stellar Development Foundation revealed that it is currently in the final phases of preparing the release of their own decentralized trading platform (SDEX).
November 2018 has also seen Stellar Lumens being listed on few new exchanges. These include Bithumb, Coindelta and  BitOasis which has taken Stellar to newer investors on these exchanges.
With third place Ethereum’s market cap almost 9 billion away from the fourth place Stellar and not much positive happening for Bitcoin Cash right way, It looks like Stellar has almost secured its position at the fourth place in the list of cryptocurrencies by market cap.
Will Stellar continue to remain at the fourth place or will BCH again take over? Do let us know your views on the same.
The post Stellar Lumens Dethrones Bitcoin Cash for the 4th Position with a Series of Positive News Flow appeared first on Coingape.
Source: CoinGape

Stellar Lumens [XLM] rides the rocket to number 4; Bitcoin Cash [BCH] dethroned

The rollercoaster bearish and bullish behavior of the cryptocurrency market has seen multiple shifts in the position of the coins, with new entrants as well as surprise gainers. Stellar Lumens [XLM] and Bitcoin SV have been at the center of attention for creating a ripple in the crypto verse.
At the time of writing, Stellar Lumens had jumped to the fourth position on the top-10 cryptocurrency chart, overtaking Bitcoin Cash, which is now at number 5. The jump has created a furor within the community, with several proponents pegging the change to the so-called ‘crypto-winter’. Several major players in the industry have also gone ahead and said that the current bear market could continue till the third quarter of 2019.
 
Source: CoinMarketCap
During press time, Stellar Lumens was growing by 6.46%, with a total market cap of $3.256 billion. The market cap has been substantially rising over the past three days, with XLM gaining close to $500 million in a matter of 72 hours. The cryptocurrency was trading for $0.17, with a 24-hour market volume of $99.189 million.

A majority of XLM’s trade volume was coming in from Binance, which had a grasp on $12.775 million of the total trade. Binance was closely followed by Upbit, on which $10.337 million worth of XLM trade was taking place.
Stellar Lumens has been seeing a consistent growth amidst the bear market, with the cryptocurrency recently going up by 10%, a market achievement in the top-10 club.
Stellar was also in the limelight earlier when Cory Johnson, the Chief Market Strategist at Ripple, had spoken about the company’s failing potential. He had pointed out that despite being created by a Ripple co-founder, Stellar does not possess the popularity held by Ripple. In his words:
“I don’t really have an opinion about it. I mean, you know, obviously, a super smart guy but in order to build a really big business that uses the digital assets is a challenge. There are lots of companies developing on XRP.  I don’t know many developing on Lumens other than Stellar.”
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Source: AMB Crypto

Litecoin [LTC], Stellar Lumens [XLM] see double-digit bull run amidst red November

After a sturdy attack by the bears, the cryptocurrency markets seem to be blossoming green following an interim rise in prices. Litecoin [LTC] has risen by a massive 10.88% in the 24-hour time frame, while Stellar Lumens [XLM] has increased by a total of 10% at the time of writing.
The one-day time frame shows that prices for Litecoin began trading at $28.34 on November 25.
Source: CoinMarketCap
The prices remained the same for a couple of hours and then took a steep downturn and reached $27.18, when the market cap was a mere $1.60 billion. The prices gained momentum after this point and crossed the $30 barrier and reached $32, post which the prices remained the same.
When compared to the seven-day time frame, the prices have been suffering a continuous downtrend, which resulted in the depreciation of prices from ~$41 to $31. In a one-month scenario, the prices of Litecoin have decreased by ~40% and are currently trading at $31.54.
Litecoin’s trading volume has also shown a good increase in the one-day time frame and the current volume is $543.31 million. Most of the volume for Litecoin is coming from DOBI Trade by the trading pair LTC/BTC. It contributes a total of $88.51 million in trade volume, which is 14.69%.
Stellar Lumens has also seen a massive increase of 9.01% in the 24-hour time frame, where the prices of XLM increase from $0.14 to $0.16, and then fell down to $0.15.
 
Source: CoinMarketCap
The prices, in the aforementioned time frame, began trading at $0.1428, at which point the market cap was holding steady at $2.73 billion. Lumen’s prices spiraled down to a low of $0.1337, which was last seen in December 2017.
However, the prices recuperated to $0.1632, which was ephemeral and fell down again, and are trading at $0.154. The market cap of Stellar Lumens has almost hit $3-billion mark [$2.963 billion].
The total trading volume of the XLM is at $130.69 million, of which ~30% is contributed by Binance with trading pairs XLM/USDT and XLM/BTC.
The post Litecoin [LTC], Stellar Lumens [XLM] see double-digit bull run amidst red November appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Cryptocurrency crumbles under the bear’s pressure

Stellar Lumens has been experiencing the same fate as the rest of the cryptocurrencies, which is crumbling to the bottom under bear’s pressure.
At press time, XLM is trading at $0.1952 with a market cap $3.73 billion. Although Stellar Lumens overtook Bitcoin Cash, it was short-lived as it came back to being the fifth largest cryptocurrency. The total trading volume of XLM is $88.88 million. 20% of the total trading volume is coming from Binance with trading pairs XLM/USDT and XLM/BTC.
1 Hour
Source: Trading View
The downtrend for Stellar Lumens spans from $0.2856 to $0.1966 with no uptrend in sight. XLM price has broken support at $0.2173 and has dipped down, but the support at $0.1909 is holding steady. The resistance points are set at $0.2212, $0.2413, $0.2597, $0.2749, and $0.2858.
The MACD line has crossed over the signal line, undergoing a bearish crossover. The zero line has red bars hanging over to the bottom indicating a bearish signal.
The Stochastic line has touched the 30 line, indicating an oversold market, while a bullish crossover has just occurred at the bottom.
The CMF can be seen hanging at the zero line, which indicates that the money inflow and outflow are almost the same.
1 Day
Source: Trading View
The uptrend for Stellar Lumens has vanished in the one-day chart while the downtrend ranges from $0.4305 to $0.2531 as the prices dip further down. The prices are holding strong at the $0.1768 support. Resistance points, however, are set up at $0.2813, $0.3336 and $0.3693.
The Aroon indicator shows a persistence in the downtrend as the Aroon downline has hit the top. The uptrend as shown by Aroon indicator has vanished.
The RSI is hitting the bottom indicating a bearish presence dominating in the market.
Conclusion
The bears have taken over the cryptocurrency space and won’t let go, which is clearly indicated in the one-hour chart as depicted by MACD, CMF, and Stochastic. The one-day chart shows the same, with RSI and Aroon indicator.
The post Stellar Lumens [XLM/USD] Technical Analysis: Cryptocurrency crumbles under the bear’s pressure appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Bulls have the eyes of tiger in them

Stellar Lumens has resurfaced by 4.73% in a 24-hour time frame after the crash, while the other cryptocurrencies including Bitcoin [BTC], Ethereum [ETH], and XRP are struggling. XLM is currently trading at $0.2427 with a market cap of $4.59 billion. The trading volume has reached $110.79 million a majority [~36%] of which is contributed by Binance.
1 Hour

The uptrend for Stellar ranges from $0.2173 to $0.2454, while the downtrend spans from $0.2856 to $0.2510. The price has broken two supports at $0.2531 and $0.2301 and has set up a support at $0.2173. New resistance points set up at $0.2413 have been broken by the price on November 15, 23:00 UTC. Resistances are also set up at $0.2597, $0.2747 and $0.2858.
The Parabolic SAR shows a bullish trend occurring as the markers are below the price candles.
The MACD indicator is showing a bullish trend in play as well, with the MACD line crossing over the signal line. The histogram is covered with green bars indicating a bullish presence in the market.
The Awesome Oscillator spikes are forming above the zero line, which indicates that the short-term trend momentum is higher than the long-term long momentum indicating a bullish buying opportunity.
1 Day

The one-day chart shows a small uptrend ranging from $0.2227 to $0.2413, while the downtrend is spread from $0.4305 to $0.2775. The support points at $0.2227 and $0.17668 are holding strong and so are the resistance points at $0.2813, $0.3336 and $0.3693.
The Bollinger Bands are undergoing an expansion indicating that the volatility is being injected into the market. The prices, however, have dropped after touching the upper limit and are currently bouncing on the simple moving average.
The Aroon Indicator is giving out mixed signals as the Aroon up and the Aroon downlines have both hit the 100 line and are moving down in unison and in a parallel fashion.
Stochastic Indicator has undergone a bearish crossover after hitting the overbought ceilings.
Conclusion
The one-hour chart has indicators showing a strong bullish opportunity indicated by SAR, MACD and the Awesome Oscillator. In the larger time frame i.e., the one-day chart shows mixed emotions as indicated by the Bollinger Bands and Aroon indicators. The Stochastic, however, is showing clear bearish signs.
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Source: AMB Crypto

Bitcoin [BTC] has served its place in the market says Stellar’s first Head of Growth

Recently, Tammy Camp, the co-founder of Stronghold and the first Head of Growth at Stellar gave her opinion on cryptocurrencies and compared Bitcoin [BTC] to Friendster, a social media website; Ethereum [ETH] to MySpace and Stellar to Facebook.
Tammy Camp, in the interview with Breaker, she compared Bitcoin to Friendster because it was the first of its kind in the space as it got everybody’s attention. She further added that the transaction time for Bitcoin is very slow as compared to Ethereum or Stellar. She continued:
“Bitcoin does not crash and it is very stable, but the downside is you can only do three transactions per second and then it takes up to an hour for it to confirm. Bitcoin has served its place in the market. And it’s not that it’s a bad solution; it’s just not scalable for payments.”
She continued to talk about her analogy and then compared Ethereum to MySpace as Ethereum is very popular among developers and is faster than Bitcoin in terms of transactions. Since Ethereum paved ways for smart-contracts, there have been many more blockchains built on top of Ethereum’s using these contracts.
To conclude her analogy she compared Stellar to Facebook and weighed in by stating:
“Stellar is actually more scalable and secure than any product. And you can do 3,000 transactions per second, and 300,000 transactions with fees costing less than one penny. And the confirmation times are three to five seconds, so you can actually use it at Point of Sale [PoS].”
Tammy Camp, got into cryptocurrencies while graduating from Singularity University, and started building mining rigs for a short duration of time. She later went on to become the first Head of Growth at Stellar.org.
She also co-founded the Stronghold, a digital asset exchange network/platform that represents Bitcoin, Ethereum and Stellar Lumens on the Stellar Network. A stablecoin called Stronghold USD was developed in partnership with IBM blockchain.
The post Bitcoin [BTC] has served its place in the market says Stellar’s first Head of Growth appeared first on AMBCrypto.
Source: AMB Crypto

Riding on Coinbase Listing Update, Stellar Gains Fifth Spot Leaving Behind EOS

Stellar Lumens or XLM has become the fifth largest cryptocurrency by winning over EOS. It stands with market cap $5,093,506,793 as against $4,915,473,123 of EOS.
Factors leading to Stellar’s win over EOS

Coinbase has recently announced the listing of several new assets to its exchange which also includes Stellar. It announces the listing of Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and Ox (ZRX).
Earlier this week, Stellar Development Foundation heads up for the biggest airdrop in crypto history. Interestingly, the total of $125 million worth of Stellar Lumens (XLM) will be released as a give away to its blockchain wallet users. This has definitely risen up the XLM market to interesting highs as more people are showing interest, seeing quite a big fund for giving away.
Yet another reason that marks Stellar on top than EOS is “Fake EOS wallet on Google Play”. EOS RIO, EOS developers has been seen warning its users to save from the use of fake version of its App on Google Play, which has negatively affected the volume of EOS cryptocurrency.

Since the market is volatile in nature, one cannot definitely state the literal stand of any cryptocurrency. It is however interesting to see whether the price of Stellar is influenced by $125 million airdrops or Coinbase listing announcement or spotlight of Fake EOS wallet on Google Play.
Will stellar sustain its position against EOS. Let us know in comments below.
The post Riding on Coinbase Listing Update, Stellar Gains Fifth Spot Leaving Behind EOS appeared first on Coingape.
Source: CoinGape

XLM climbs up on Binance’s list to become the fourth most-traded cryptocurrency

Stellar Lumens has overtaken Ripple’s XRP to become the fourth most-traded asset on Binance. XLM has been consistently on the news last week with a barrage of announcements as it overtook EOS and became the fifth-largest cryptocurrency [by volume].
Source: Trading View
XLM is now the fourth most-traded asset on Binance, just after Bitcoin [BTC], Bitcoin Cash [BCH] and Ethereum [ETH]. However, XLM’s current trading volume on Binance exchange for XLM/BTC pair is $27.21 million, while XRP’s trade volume for XRP/BTC pair is $19.65 million. Moreover, the XLM/USDT trading volume is $12.76 million while that of XRP/USDT is $13.79 million. Cumulatively, the XLM trading volume comes up to $40.33 million while that of XRP is $33.06 million.
Bitcoin Cash [BCH] is currently the number one against the BTC trading pair, with trading volume of $62.29 million, and has a trading volume of $38.99 million with USDT pair. Bitcoin paired with USDT has a trading volume of $62.14 million and contributes a total of 11.40% of the total trades on Binance, while BCH contributes a total of $101.14 million in trading volume which is 18.59% of the total trades.
Ethereum [ETH] has a total of $48.22 million in trade while, which is 8.85% of the total trading volume. The Ethereum ETH/BTC pair contributes $20.054 while that of ETH/USDT contributes $28.16 million.
Stellar Lumens recently overtook EOS, which was at the fifth spot for the longest time. The trade volume of XLM, in a seven-day time frame, increased by an astronomical 125% to reach $121.88 million from a mere $54.07 million, while EOS’ market cap reduced to $4.89 billion.
The post XLM climbs up on Binance’s list to become the fourth most-traded cryptocurrency appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Bull has completed its rally in the market?

Stellar Lumens, the sixth-largest cryptocurrency, has been setting the market ablaze with its latest announcements. The coin also broke through the bear’s grip earlier this week along with all the major altcoins such as XRP, Ethereum [ETH], and Bitcoin Cash. However, it seems like the bear has caught hold of the market again as all coins started to bleed red.
According to CoinMarketCap, at press time, the coin was trading at $0.252 with a market cap of over $4 billion. The coin has a trading volume of more than $73 million and had dipped by over 2% in the past 24 hours.
1-hour:
Stellar Lumens one-hour chart | Source: Trading View
In the one-hour chart, XLM had a strong resistance level at $0.265 and an immediate resistance was spotted at $0.260. The cryptocurrency had an immediate support at $0.252. If this were to be breached, then the next help support would be at $0.251 i.e., strong support.
The Parabolic SAR indicator predicted that the bear’s grip is stronger than imagined, as the dots were aligned above the candlesticks.
Chaikin Money Flow showed that the money was flowing into the market, showing its support for the bull.
The Bollinger bands were also showing that the market was volatile as the bands were expanding, making room for price movements.
1-day:
Stellar Lumens one-day Chart | Source: Trading View
The one-day chart showed the coin’s strong resistance at $0.45, which was placed at the end of April 2018. There was also an immediate resistance at $0.26, with an immediate support at $0.22. The coin also had a strong support at $0.17, if the bear decided to take over the whole market.
The RSI indicator showed its support to the bear as the coin was just recovering from the overbought zone.
However, MACD depicted that the bull had a chance of turning the game, as the MACD line was above the signal line.
Klinger Oscillator was leaping in for dive after a bullish race, as the reading line showed that it could breach below the signal line.
Conclusion
The coin could be held by the bear for a longer duration as the Parabolic SAR from the one-hour chart, RSI and the Klinger Oscillator swore its allegiance to the winter soldier. Nonetheless, MACD and CMF continued to stay by the bull, showing that the game could turn over soon.
The post Stellar Lumens [XLM/USD] Technical Analysis: Bull has completed its rally in the market? appeared first on AMBCrypto.
Source: AMB Crypto

Stellar’s XLM ascends despite strong pull by a low volatility market

The price of Stellar Lumens [XLM] started at $0.2416 and a market cap of $4.57 billion on November 6, after which the price journeyed a very stale sideways market until 20:44 UTC. Post this, the prices saw a steep increase in the market cap, which increased to $4.64 billion.
After the spike, the prices remained more or less the same but increased gradually over the day. A prominent spike happened on November 6, 14:24 UTC, when the price reached $0.2559 and the market cap reached $4.84, i.e., a $200 million hike from the last spike. The prices slumped after the spike, and have now reached $0.2527, and market cap has come down to $4.78 billion.
Source: Trading View
Source: Trading View
The seven-day chart shows a gradual increase in price, with considerably less volatility in the market as compared to the one-day chart. The prices at the start of the chart were hovering at $0.2241, while the market cap stayed at $4.23 billion. The only outstanding spike happened at $0.2405, when the market cap was at $4.54 billion.
The spike was followed by a period of low volatility, but that didn’t stop the prices from increasing steadily. The price reached $0.2525 and the market cap climbed to $4.78 billion. This shows that the market price of the XLM increased despite low volatility.
Binance contributed a total of 22% [approx] of the trade volume, which was followed by GDAC, which contributed 16.83%.
Apart from the numbers, Stellar, as a company, has accomplished a lot in the last few months, which includes partnerships with payments platform, Stripe, and the partnership of Stellar with IBM, which led to the development of payments platform called World Wire.
In a recent blog post, Stellar opened up about their decentralized vision for financial inclusion, where they plan to make it easy for local fintech entrepreneurs to utilize Stellar as their back-end infrastructure solution. Stellar has a similar payment infrastructure to Ripple’s xRapid, but Stellar plans to make it accessible to smaller projects with virtually no transaction fees.
The post Stellar’s XLM ascends despite strong pull by a low volatility market appeared first on AMBCrypto.
Source: AMB Crypto

Steller Lumens [XLM]’s price sees sporadic yet a steady rise since launch of Starlight

Stellar Lumens has been sporadic since the last few days and has surged by 2.32%  in the 24-hour range. This might partly be due to the launch of their payments channel, Starlight. A rather far-fetched speculation about the rise in price could be due to Bithumb’s partnership with SeriesOne to launch an exchange for regulated security tokens.
The price on November 2 was at $0.2242 with a $4.2 billion market cap, it surged briefly to $0.2293, while market cap surged by $100 million at 20:24 UTC. There was a sharp spike which pushed the price to $0.2362 and market cap by another $100 million on November 3. The 24-hour volume, however, increased by 10 million during this spike.
Stellar recently made the news when it launched a bidirectional payments channel called Starlight, which inculcates a multi-hop mechanism to make transactions happen instantly.
Source: Trading View
Binance contributed approximately 20% of the total trade volume paired against BTC and USD. Next to Binance, were GDAC and BCEX, that contributed approximately 19% each. The price continued to rally in the $0.23 range for quite a while, with the market cap in a $4.4 billion range.
The price reached a maximum of $0.2372 and has stayed under ever since, while market cap topped at $4.48 billion The current price of XLM at the time of writing at $0.23606 and a total of 18.9 billion coins in circulation. The market cap at the same time was at $4.4 billion and total trade volume was at $56 million.
The post Steller Lumens [XLM]’s price sees sporadic yet a steady rise since launch of Starlight appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Bear seems to be losing its grip while bulls start to take over

Stellar Lumens is performing good when compared to other cryptocurrencies, with a steady rise followed by a correction. The speculation about the rise in prices could very well be due to the launch of Starlight payment and the partnership deal with Bithumb and SeriesOne to launch an exchange for regulated security tokens.
The price of XLM at the time of writing is at $0.2368, with the market cap of $4.8 billion.
1-hour
Source: Trading View
Bollinger Bands is showing a high volatility in the one-hour graph and the price candles are above the moving average indicating a bullish trend.
The Chaikin Money Flow indicates an inflow of the money is the same as the money flowing out of the market.
The RSI indicator has seen an overbought market but is still bullish as the RSI line is closer to the top end.
1-day
Source: Trading View
A downtrend is clearly visible and is ranging from $0.4582 to $0.2522, while an uptrend is absent since July. There is a long-term support set up at $0.1769, with resistance set up at $0.2597 and $0.3336.
The Parabolic SAR markers below the price candles indicating a bullish trend.
The MACD indicator has seen a bearish crossover on October 25 and has continued ever since.
The Stochastic indicator is opposing the MACD indicator showing a bullish crossover.
Conclusion
The Bollinger bands in the one-hour chart are showing a massive amount of volatility in the market indicating that there is a lot of trading action happening in the market. CMF and RSI are a both returning from a bullish point to a more neutral position. The price action on the one-day charts as indicated by the indicators show a bullish trend except for the MACD indicator.
The post Stellar Lumens [XLM/USD] Technical Analysis: Bear seems to be losing its grip while bulls start to take over appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Altcoin trying hard to recover after grizzly rampage

Stellar Lumens [XLM] is steadily climbing after yesterday’s flash crash, indicating that the market might be stabilizing.
1-hour

Stellar Lumens [XLM] 1-hour chartThe downtrend can be in the range of $0.24725 to $0.2273 with a break in between ranging between October 28 and 29.
The Bollinger Bands shows the candles above the exponential moving average indicating a bullish move. The bands are closer to each other indicating low volatility in the market.
The MACD line has crossed over the signal line clearly indicating a bullish move.
The RSI is at the center indicating the selling and the buying pressure is canceling each other out.
1-day
Stellar Lumens 1-hour chart
The downtrend can be seen in a range of $0.3693 to $0.2522 since May. A small uptrend in the range of $0.2108 to $0.2219 can be seen as well.
The short-term support can be seen at $0.2056, with a successive support seen at $0.1769, while resistance can be seen at $0.2390 and at $0.3335.
Parabolic SAR indicates a bullish move as the markers are formed well below the candles.
The Awesome Oscillator shows a few red spikes just starting to emerge, indicating money going out of the markets.
The Stochastic Indicator has seen a cross-over to the bottom indicating a bearish move.
Conclusion:
The Bollinger bands and the MACD indicators show a bullish presence in the one-hour charts, while the RSI indicator is neutral. The Parabolic SAR indicates a bullish move, but the AO indicator shows that money is going out of the market while Stochastic indicates a bearish move.
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Source: AMB Crypto