Hello there fellow traders and merry christmas!
Last 12 hours were a ride, ey? As a result of SEC charging Ripple and two executives we've seen a massive sellout of both Ripple and Stellar. Ripple broke down several dozen percent to it's good ol' support ~34/35 cents and Stellar is lurking around ~14.5 cent level.
I bet you're asking youself what now? On the chart you can see my view of the situation. Many paper hands have already sold their stash and now institutions come in play - we all gonna see it after christmas. Treat this breakdown as an opportunity to get some more XLM in your hands.
I think we will slowly climb up to the resistance lines ~15 cents and after christmas we will move upwards with a little help from our friends. We can even touch 18 cents before the end of the year.
Situation will look dreadfuly when we will break the 14 cents resistance. Then we can all say RIP in pepperinos to our beloved friend Stellar, on whom we put so much pressure, as he was the chosen one to start the next alt season.
Stay safe!
Last 12 hours were a ride, ey? As a result of SEC charging Ripple and two executives we've seen a massive sellout of both Ripple and Stellar. Ripple broke down several dozen percent to it's good ol' support ~34/35 cents and Stellar is lurking around ~14.5 cent level.
I bet you're asking youself what now? On the chart you can see my view of the situation. Many paper hands have already sold their stash and now institutions come in play - we all gonna see it after christmas. Treat this breakdown as an opportunity to get some more XLM in your hands.
I think we will slowly climb up to the resistance lines ~15 cents and after christmas we will move upwards with a little help from our friends. We can even touch 18 cents before the end of the year.
Situation will look dreadfuly when we will break the 14 cents resistance. Then we can all say RIP in pepperinos to our beloved friend Stellar, on whom we put so much pressure, as he was the chosen one to start the next alt season.
Stay safe!