Cryptocurrency

Stellar / Dollar may rise to 0.1012 - 0.1025

2024-08-22

Our pivot point is at 0.0965.

Our preference

The upside prevails as long as 0.0965 is support.

Alternative scenario

Below 0.0965, expect 0.0944 and 0.0932.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.0974 and 0.0975). Finally, the Stellar / Dollar is trading above its upper Bollinger band (standing at 0.0983).

Supports and resistances

0.1050 **

0.1038 *

0.1025 **

0.1012

0.0986 last

0.0974

0.0965 **

0.0944 *

0.0932 **

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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