Stellar / Dollar may fall to 0.0702 - 0.0787

Our pivot point stands at 0.1092.

Our preference

As long as 0.1092 is resistance look for 0.0702.

Alternative scenario

The upside breakout of 0.1092, would call for 0.1238 and 0.1325.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.0983 and 0.0989).

Supports and resistances

0.1325 **

0.1238 *

0.1092 **

0.1035

0.0957 last

0.0787

0.0702 **

0.0616 *

0.0531 **

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