Cryptocurrency

Stellar / Dollar may fall to 0.0980 - 0.0991

2024-07-23

0.1044 is our pivot point.

Our preference

The downside prevails as long as 0.1044 is resistance.

Alternative scenario

Above 0.1044, look for 0.1064 and 0.1076.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.1036 and 0.1040).

Supports and resistances

0.1076 **

0.1064 *

0.1044 **

0.1037

0.1014 last

0.0991

0.0980 **

0.0968 *

0.0957 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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