There is not much to say about crypto this week. It looks to be another continuation down. Well, let's get to it.
On the weekly chart, stellar is in a freefall as with the majority of the cryptoworld. If we look at the chart, we see that stellar has broken below the blue dash line which was acting a major support line. Now that it is broken, I can only assume the worst case scenario and that would be that stellar will fall to the next major support at 0.01usd mark. So why am I saying this? It's because from here on, there is no support and the closet thing to a support is around the 0.04usd mark on the weekly chart. If we look at the monthly chart, there will be support at the 0.02usd and 0.01usd.
Stellar has an excellent project going on. It will be an excellent investment in the future as well. We have to come to understand that all the markets is in a bear market. It is not just crypto. With that said, keep your money safe. Look to invest in great projects and accumulate on the dips :) Happy hunting.
Remember this is not a signal to trade. DYOR.
On the weekly chart, stellar is in a freefall as with the majority of the cryptoworld. If we look at the chart, we see that stellar has broken below the blue dash line which was acting a major support line. Now that it is broken, I can only assume the worst case scenario and that would be that stellar will fall to the next major support at 0.01usd mark. So why am I saying this? It's because from here on, there is no support and the closet thing to a support is around the 0.04usd mark on the weekly chart. If we look at the monthly chart, there will be support at the 0.02usd and 0.01usd.
Stellar has an excellent project going on. It will be an excellent investment in the future as well. We have to come to understand that all the markets is in a bear market. It is not just crypto. With that said, keep your money safe. Look to invest in great projects and accumulate on the dips :) Happy hunting.
Remember this is not a signal to trade. DYOR.