Stellar / Dollar may fall to 0.0980 - 0.0991

Our pivot point stands at 0.1043.

Our preference

Under pressure below 0.1043.

Alternative scenario

Above 0.1043, look for 0.1063 and 0.1075.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.1042 and 0.1022). Finally, the Stellar / Dollar is trading below its lower Bollinger band (standing at 0.1018).

Supports and resistances

0.1075 **

0.1063 *

0.1043 **

0.1036

0.1016 last

0.0991

0.0980 **

0.0968 *

0.0957 **

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