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Stellar (XLM) Cardano (ADA) Price Analysis – Are We Seeing the Blue Sky Pattern?




There are no two ways about it: the recent thrust higher in the crypto space is finally up against a test that isn’t just about technical resistance. This time, it’s about news flow.

That provides us with an opportunity to gauge the true nature of this action. For a technician, everything the outside world brings to his mill is grist. In this case, that is clearly an advantage for those able to remain dispassionate and observant.

For today’s coins – Stellar (XLM) and Cardano (ADA) – this may be truer than for most, as we shall see below.

Stellar (XLM)

Price Analysis:

  • High: $0.3086
  • Low: $0.3000
  • Major Resistance Level: $0.35
  • Hourly MACD: Working Off Recent Overbought Extreme

Chart courtesy of

When you talk about outperformers, Stellar (XLM) should come near the top of the list in terms of how it has behaved in the context of recent strength across the cryptocurrency space over the past couple of weeks.

We have seen this coin find sharp and strong-handed support down at the $0.18 level, and subsequently rally with extraordinary momentum, pushing just shy of 100% in total net percentage change in less than three weeks’ time.

Stellar (XLM) represents yet another case of a double bottom low formed at the trough confluence defining the late June and mid-July lows. This has been a pattern we have witnessed in many different coins, but one that has been capitalized on to a far greater extent in Stellar (XLM).

At this point, those involved in XLM during this “regulatory“ pullback suffered over recent hours should be looking for support to come into play somewhere between $0.28 and $0.30.

Cardano (ADA)

Price Analysis:

  • High: $0.165
  • Low: $0.160
  • Major Resistance Level: $0.20
  • Hourly MACD: Tight consolidation

Chart courtesy of

Cardano (ADA) provides another interesting example of a coin that many might overlook during the course of recent strength as it has seemed – purely in terms of chart pattern – to play the role of a bit of a laggard.

However, a closer look would suggest that Cardano (ADA) has performed quite admirably during the flood of enthusiasm for the crypto space that we’ve witnessed over the past three weeks.

In fact, ADA has ramped almost 60% in that time, breaking through a number of key technical barriers in the process.

All of this has been fueled by the coin’s ability to hold a slightly higher low relative to its late June lows when it pushed back above the $0.13 level on July 13.

Crucially, this higher low was in line with previous support formed during late March and early April and was also mirrored by a strong bullish divergence showing up in the 14-day RSI oscillator.

Looking ahead, ADA’s ability to hold firm to support in the region of the $0.15 level will be critical as we gauge the staying power of this recent rally.

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.

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Investors Beware: Another Large Bitcoin Crash Might Be Coming



Bitcoin crash

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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Top 3 Coins to Buy Before They Go Big




Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.


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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?



crypto credit cards

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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