Stellar / Dollar may fall to 0.0895 - 0.0903

Our pivot point stands at 0.0930.

Our preference

The downside prevails as long as 0.0930 is resistance.

Alternative scenario

The upside breakout of 0.0930, would call for 0.0942 and 0.0950.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.0932 and 0.0925). Finally, the Stellar / Dollar is trading below its lower Bollinger band (standing at 0.0921).

Supports and resistances

0.0950 **

0.0942 *

0.0930 **

0.0925

0.0919 last

0.0903

0.0895 **

0.0888 *

0.0881 **

Number of asterisks represents the strength of support and resistance levels.