Cryptocurrency

Stellar / Dollar may rise to 0.0969 - 0.0982

2024-08-28

0.0926 is our pivot point.

Our preference

Rebound towards 0.0982.

Alternative scenario

The downside breakout of 0.0926 would call for 0.0905 and 0.0893.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.0952 and 0.0969).

Supports and resistances

0.1006 **

0.0994 *

0.0982 **

0.0969

0.0943 last

0.0934

0.0926 **

0.0905 *

0.0893 **

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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