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.

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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