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Cardano (ADA) Stellar (XLM) Price Analysis: What’s Happening?

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Cardano is experiencing a bull run and is targeting the $0.20 resistance level.

Stellar Lumens continues on its upward surge and is eyeing the $0.30 USD mark.

Cardano (ADA/USD)

Price Analysis

  • High: $0.188139 USD
  • Low: $0.168351 USD
  • Major Resistance Level: $0.20
  • Hourly MACD: Placed slightly in the Buy zone.

Chart courtesy of tradingview.com

Cardano has been experiencing a bullish run again since 13th July. As can be observed from the ADA/USD trading chart, the price of the pair had largely experienced a bearish downtrend and had fallen below $0.12 USD at one point. At the time of writing, Cardano (ADA) is trading at $0.1835 USD approximately while the moving average (blue line) marks at 0.1461. This trading chart shows that on 16th and 17th July 2018, the ADA/USD pair had experienced a comparatively higher surge. Today too so far, the green candle seems to be gaining the bullish momentum. The pressure on the buyers is pushing the price up at the moment and had one point in this short timeframe had moved as high as $0.1869. Presently, the price has already tested the 23.6% Fibonacci retracement level during the rise from $0.1501 to $0.1869.

From the current price movements, it seems that Cardano (ADA) is strongly trying to make it to the resistance level at $0.20. The strong signs do not at the moment indicate that there is a chance of downward correction. The major support level can be said to be at $0.1780.

Stellar Lumens (XLM/USD)

Price Analysis

  • High: $0.2945 USD
  • Low: $0.2529 USD
  • Major Resistance Level: $0.30
  • Hourly MACD: Placed slightly in the Buy zone.

Chart courtesy of tradingview.com

Stellar Lumens (XLM), like Cardano, has been showing stronger bullish signs since 13th July 2018. The daily range for the next day, as observed from the chart, shows it to be concise. However, if the pattern is followed then, a ‘steady’ upward movement is to be noted. The chart also shows that from 2nd May 2018, there has been a downtrend mainly. For some days in late May and early June, there had been a slight upsurge in the price action of the XLM/USD pair.

At the time of writing, the price of Stellar Lumens (XLM) shows approximately $0.3014 USD. The moving average marks 0.2216. This and the past few days green candles are creating a constant pressure on the buyers and keeping it in the Buy zone. If the situation continues to be the same for some time then, it can be expected that a much stronger bullish zone will be created on the XLM/USD chart. At the moment, the hourly MACD is placed in the Buy zone slightly but it may move into the zone strongly.

Currently, both Cardano (ADA) and Stellar Lumens (XLM) have been experiencing green signals and the present price action suggests that the trend may continue for some time. The BlackRock news seems to have had a much bigger positive effect as many cryptocurrencies are now sporting green.

Happy Trading~

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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