Stellar / Dollar may fall to 0.1018 - 0.1031

Our pivot point stands at 0.1088.

Our preference

The downside prevails as long as 0.1088 is resistance.

Alternative scenario

The upside breakout of 0.1088, would call for 0.1109 and 0.1122.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.1071 and 0.1077). Finally, the Stellar / Dollar is trading below its lower Bollinger band (standing at 0.1062).

Supports and resistances

0.1122 **

0.1109 *

0.1088 **

0.1080

0.1061 last

0.1031

0.1018 **

0.1006 *

0.0994 **

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