Bitcoin, Cardano and Stellar Lumens – European Wrap 15 November


Bitcoin price has made it through the weekend with a bullish outlook and while the same can be said of Ethereum price, Ripple price is a whole other story. Investors can expect the choppiness in the cryptocurrency market to continue until BTC makes an authoritative move, commanding capital inflow from other altcoins into it.

BTC/USD 1-day chart

Cardano price is sticking to the rounded bottom formation as it continues to slowly scale higher. The recent run-up seems to have come undone, but the bullish thesis remains intact and investors can expect ADA to continue its uptrend.

 

ADA/USD 1-day chart

Stellar (XLM) price is experiencing a solid bounce off the purple ascending trend line that started the uptrend at the end of October. Bulls picked up XLM coins as some tailwinds are re-emerging in cryptocurrencies this Monday. Expect bulls to sit on their hands and ramp price up towards $0.40 in the first phase and follow for a retest at $0.44.

 

XLM/USD daily chart

 

 

 

 



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