Stellar / Dollar may rise to 0.0903 - 0.0912

Our pivot point is at 0.0867.

Our preference

As long as 0.0867 is support look for 0.0912.

Alternative scenario

The downside breakout of 0.0867 would call for 0.0853 and 0.0844.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.0877 and 0.0864). Finally, the Stellar / Dollar has crossed above its upper Bollinger band (0.0885).

Supports and resistances

0.0929 **

0.0921 *

0.0912 **

0.0903

0.0885 last

0.0873

0.0867 **

0.0853 *

0.0844 **

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