As one of the major crypto-technologies alongside with the Etherum and Ripple, Stellar shows bullish signs comparing to BTC.
Investors are trying to diversify risks to avoid BTC drastic falls and still stay in the crypto-currencies.
From the technical view stellar shows good buying signal on both long-term and medium-term views.
From the global picture, the pair went into correction but reached only the 50% Fibonacci level before the rebound.
From the medium-term the pair built 0.000034 - 0.000058 uptrend after the rebound, almost reaching the previous top and followed the markets into correction, but also started to draw rebound pattern roughly reaching the 61.6% Fibonacci.
The 200 days EMA stays much lower.
Investors are trying to diversify risks to avoid BTC drastic falls and still stay in the crypto-currencies.
From the technical view stellar shows good buying signal on both long-term and medium-term views.
From the global picture, the pair went into correction but reached only the 50% Fibonacci level before the rebound.
From the medium-term the pair built 0.000034 - 0.000058 uptrend after the rebound, almost reaching the previous top and followed the markets into correction, but also started to draw rebound pattern roughly reaching the 61.6% Fibonacci.
The 200 days EMA stays much lower.