Cryptocurrency

Stellar / Dollar may rise to 0.1091 - 0.1102

2024-06-05

0.1049 is our pivot point.

Our preference

As long as 0.1049 is support look for 0.1102.

Alternative scenario

Below 0.1049, expect 0.1030 and 0.1018.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.1066 and 0.1060).

Supports and resistances

0.1126 **

0.1114 *

0.1102 **

0.1091

0.1066 last

0.1057

0.1049 **

0.1030 *

0.1018 **

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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