Looking at the stars as usual each night. This object was much more orange than any aircraft, with a gentle glow and now flashing lights of other aircraft lighting. Got the binoculars, and it appeared to be a cylindrical or conical glowing orange object oriented vertically. It moved slowly from north to south at a constant rate of speed. Appeared to move similar to an airplane at high altitude except for its uncharacteristic appearance. At first thought it was an airplane with a glowing object hanging beneath it. Was very intrigued and called my wife out to look at it also. It slowly disappeared from view to the south getting quickly dimmer. It was traveling too fast to be a balloon/hot air craft.