The older Generational coins have not had a successful Year. Fortunately, their recent M&A and Growth Strategies have enabled them to set up a successful new few years – NEM & Stellar.
InterStellar, the for-profit organisation created to promote Stellar acquired Chain.com 3 Months ago. This strategical acquisition has enabled InterStellar and therefore XLM to takeover any partnerships that Chain.com have. More recently the partnership between VISA and IBM whom were working on the Hyper-ledger Fabric and B2BConnect to integrate with “Visa Core Assets”.
Visa, an early stage investor in Chain.com has not responded to requests for Comments on How they will use XLM and if they even do so.
Nonetheless, the stated “added functionality” will offer an alternative to the correspondent banking system. Visa imagine a new system for payments in verticals with supply chain, trade and institutional banking.
B2B Connect also will use a digital identify token for organisations that include banking information, this could make use of the XLM platform and their corresponding Exchange.
What does the Technical Analysis Say about XLM?
- The 1Week Higher time frame illustrates that there is a large amount of support at $0.18
- Stellar has very low volume – this could illustrate that there is accumulation going on – Reminds the Nouvive team of XRP that was stuck between 2 ranges of $0.20-$0.24 before popping 100% to $0.71.
- The 1D HTF hints at a dump towards $0.20 – this is an excellent entry for Long-Term investors.
- Short-term XLM looks primed for a dump to $0.22 where there is a volume gap to be filled.
Probabilisticly speaking there is a 89% chance of a fall to $0.22, before XLM can pass the resistance of $0.32 and reach our take profit levels of $0.49.
A prudent investor should enter XLM from between $0.20-$0.22 before taking profit above $0.49.
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