Cryptocurrency

Stellar / Dollar may fall to 0.1027 - 0.1039

2024-05-31

Our pivot point is at 0.1083.

Our preference

The downside prevails as long as 0.1083 is resistance.

Alternative scenario

The upside breakout of 0.1083, would call for 0.1104 and 0.1117.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.1067 and 0.1069).

Supports and resistances

0.1117 **

0.1104 *

0.1083 **

0.1075

0.1066 last

0.1039

0.1027 **

0.1015 *

0.1002 **

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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