Stellar / Dollar may rise to 0.1093 - 0.1105

Our pivot point stands at 0.1050.

Our preference

The upside prevails as long as 0.1050 is support.

Alternative scenario

The downside breakout of 0.1050 would call for 0.1029 and 0.1017.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.1061 and 0.1064).

Supports and resistances

0.1130 **

0.1118 *

0.1105 **

0.1093

0.1067 last

0.1058

0.1050 **

0.1029 *

0.1017 **

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