Stellar Lumens Trying to Recapture 50-Day EMA
to go higher in order to get more risk appetite into the picture. I do not necessarily believe that this is a market you can easily trade, but it does make for a decent investment. We are currently in a downtrend, and that will not change until we break above the 200 day EMA, something that is going to take a lot of work. That being said, I do believe it is possible that we need the big players in the crypto market to start rallying.
If we were to break down below the Monday candlestick, we will more than likely go looking towards $150, where I would anticipate seeing quite a bit of support. That support could have ramifications for a double bottom, but we will not know until we get there. I think over the longer term, we are more than likely going to see quite a bit of noise in this region, but it could also be an area where the market is trying to build a bit of a base in order to accumulate.
We need more of a “risk on” type of attitude around the world for assets such as stellar to do well, as it is an alt coin. This is a lot like a small cap stock for those of you that are more used to equities. While it can do well, it certainly helps if the wider market on the whole is doing well.Because of this, you need to be very patient, and you also need to recognize that you do not necessarily have to buy it all in one trade.
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Incredibly rare stellar merger may have created strange starsMeghan is a senior writer at Space.com and has more than five years' experience as a science journalist based in New York City. She joined Space.com in July 2018, with previous writing published in outlets including Newsweek and Audubon. Meghan earned an MA in science journalism from New York University and a BA in classics from Georgetown University, and in her free time she enjoys reading and visiting museums. Follow her on Twitter at meghanbartels.
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