Cryptocurrency

Stellar / Dollar may rise to 0.1001 - 0.1010

2024-06-12

0.0965 is our pivot point.

Our preference

Rebound.

Alternative scenario

Below 0.0965, expect 0.0949 and 0.0940.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (0.0971) but below its 50 period moving average (0.0986). Finally, the Stellar / Dollar has crossed above its upper Bollinger band (0.0982).

Supports and resistances

0.1029 **

0.1019 *

0.1010 **

0.1001

0.0983 last

0.0971

0.0965 **

0.0949 *

0.0940 **

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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