Stellar achieves a gldncross! Rches brkout target of fllngwedge

3 Nov 2018

For those of us who were already holding some xlm the slight fomo above the breakout target that created the current candles bullwick would have been an excellent place to take some profit. Props to anyone who acted quick enough to take advantage of that. We can ee here though that much like XRP, Stellar has also triggered a golden cross on the 1 day chart and shortly thereafter has broken bullishly out of the falling wedge it was in. Now is a good profit taking zone because the target has been met , but for anyone thinking of adding stellar and the long term hodlers of stellar there is more bullish action to come after this current consolidation if probability wins out. The golden cross on the 1 day chart is an extremely bullish sign. I of course always wanna be prepared for the exact opposite outcome should this be a golden cross fakeout. If I was adding to my position here I would wait for an indication it will continue to break upward. If it starts to consolidate into a bull flag I would then wait for the clear break up of the bullflag to add to my position. for now I think I'm gonna trade my previous holdings into BAT and XRP since BAT has been listed on Coinbase and XRP has had a slight consolidation dip that to me is a smart buy zone considering it seems like it will sustain it's golden cross and the bullish news about r# and SBI. I will always try to retain a small foundational amount of stellar though as I believe it will likely serve as xrp's competition with xrp having the verizonesque dominance of the market and stellar being the more affordable less desirable alternative (TMobile).