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Coin Calls: XLM Back Again

XLM has had a successful few weeks, before cooling down recently and now time to take off again.

XLM or Stellar has done a 40% over the past three weeks based on a recent sharia ruling that has meant that the vast majority of the Muslim World can islamically invest in the coin. 

More recently, in July, it was announced Stellar was being listed on Coinbase, adding another 20% to its valuation. Since these two positive news pieces have come out, Stellar has fallen by over 20% 

Stellar has now cooled down, according to Nouvive’s Chief Trader, Mikaeel Dada and Chief Analyst Adris, it appears that Stellar will see a 20% increase over the following 2 weeks. This comes from the RSI cooling down on the 1D Higher time frame. 

Moreover, the fact that Coinbase is adding them at any minute means that the coin will be available to beginner investors.

Enter buy 50%: 0.00003450

Enter buy 50%: 0.00003120 (taking into account a bitcoin drop)

Take Profit 100%: 0.00004210

Profit: 20%

Stop Loss: 0.00003100

Risk: 8%

Time Line: 3 Weeks

 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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ViFeed Indicators

Bitcoin (BTC)
$5253.61
37.00 RSI
-0.73%
Buy
Ethereum (ETH)
$172.17
32.00 RSI
-0.06%
Buy
XRP (XRP)
$0.33
37.00 RSI
-2.87%
Buy
Bitcoin Cash (BCH)
$297.36
48.00 RSI
-4.65%
Hold
Litecoin (LTC)
$81.29
61.00 RSI
0.44%
Hold
EOS (EOS)
$5.44
26.00 RSI
-1.57%
Buy
Binance Coin (BNB)
$21.75
64.00 RSI
7.95%
Hold
Tether (USDT)
$1.01
14.00 RSI
-0.05%
Buy
Stellar (XLM)
$0.12
41.00 RSI
-2.28%
Buy
Cardano (ADA)
$0.08
22.00 RSI
-4.82%
Buy
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