It's been a while, actually four months ago since I posted about Stellar,
My short term target is $0.44, we have some sell orders at this level as indicated by the yellow circle. If price is going to move higher, we need to see more volume by the buyers to break the line in the sand at $0.50. My medium term target is $0.60.
Price never made it to my initial target at $0.44, breached the daily demand zone at $0.25 and went deep into the weekly demand zone before finally hitting the $0.44 level.
Price came back into the weekly demand in June and recent left the zone in July recently.
With RSI showing strength and price low on the curve, the chart is suggestion to buy long on a pullback to $0.25 with a 1st target to $0.45.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
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by rollandthomas
My only concern is that the recent rally seems to be linked to the possibility of the asset being offered on Coinbase. However, it is not a guarantee and also may not be available as broadly as the current assets offered there. In addition, if it does come true, we could have a “sell the news” type trade.
You make some excellent points, lets see who wins the battle at that level, if and when the price returns to that level....hey I thought you were relaxing in the Northeast?
I love your long term analysis!
You should write "let's invest together" and not "let's trade together" ;)
Thanks @forex-intraday. My daughter designed my current logo and said she was going to do a different one, maybe I will incorporate your suggestion:)
Oh, congrats to your daughter then! I don't even know where to start doing something like that :)
You should suggest her Fiverr. I paid $30 to get someone to create the logo of my company!
your analysis is very useful for traders
thank you
thanks @ravipatil
Hey man, are you on discord? You should come on my music and money radio show on the PALNet server.
What's the link, would love to listen in?
You can listen in on our discord channel: https://discord.gg/ZvwASjs
Or on the stream on mspwaves.com
My show is on Tuesday's at 4pm EDT.
Traveling this week so I'm just gonna talk some crypto, look at charts and play music. I usually do a guest interview each week that I pre-record.
Come join me for a call sometime, we can talk TIMM and investing.
Definitely, sounds good and I would love to be a guess in the near future.
I missed the show yesterday, was it archived?