Our updates Stellar/dollar chart with key support and resistance levels. Right on major support at this time.
Fundamentally, what I like about Stellar is the fact that they are:
a. a non-profit organization (clever..) b. very close to the IMF and Federal Reserve
Our research has proved that Stellar Lumen technology could be more likely to be used for CBDCs (Central Bank Digital Coins) than any other competitor, simply for the fact that allready they seem to be working closely with (b).
If it follows the pattern from Nov/Dec/Jan then it's likely to roll down to around 0.18 do a slow bounce and then go up. BTC is bringing everything down at the minute. If BTC continues testing lower then this will follow it. It all depends on BTC being a full correction or just a pullback as to how quick we move up.
FX_Professor
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@Macflurry26, you have a valid point, yes. But at some point we have to see cryptos detaching from each other a bit more.
Macflurry26
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@FX_Professor_88, I completely agree. If you take a look at the BlockchainBacker on YouTube he has an awesome analysis of when previous alt seasons have kicked in (he went to town on a deep dive, really good stuff!!). At present it looks like it should be after BTCs next major correction. So if this is a pullback then everything will still be related for now but after the next big correction the charts will start getting crazy as BTC dominance drops.
Macflurry26
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If you look at BTC on 1hr timeframe the RSI printed a higher low then fell short of a higher high. Right now I'm hoping it's wrapping up one more higher low then getting us up out of here!!
Macflurry26
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Keep up the good work bud, I do like following your charts!!