Where is the Stellar Price Forecast Heading To? To the moon or to hell? (STR/BTC)
We are issuing a Stellar price forecast based on cryptocurrency technical analysis. We are focusing on the short term. This means a time horizon of a few days.
Stellar Price Forecast Short Term:
As we expected, Stellar prices broke out of the red down trend line on January 28, 2015. For this reason, stellar prices rallied about +17% in a matter of hours. This shows again how volatile cryptocurrencies can offer excellent trading and speculation opportunities. Since then, Stellar prices are consolidating on that elevated level.
What is next? As long as prices remain above the green uptrend line, we can expect a further rally “to the moon”. The first target could be 0.0000200 BTC. If the green horizontal line can be broken to the upside, we can see a further Stellar rise (literally :-)) to 0.0000240 BTC.
On the other hand, Stellar prices could “go to hell” upon a failure of the green uptrend line. This line is running at around 0.0000175 BTC.
Summary:
TREND UP as long as holding above 0.0000175 BTC (target 1: 0.0000200, target 2: 0.0000240 BTC). Bearish below 0.0000175 BTC (downside target 0.0000148 BTC, the previous low).
Stellar Price Forecast Short Term
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Have a great Crypto-Trading Day!
@S3052
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