Stellar continues to be one of the most attractive Altcoins, considering the recent performance. Since 15th of September, when it tested the low at $0.0063, it showed a good growth, rising up to $0.048, with a healthy 675% growth.
After that, a corrective wave down followed, where STR/USD rejected the $0.024 support, which previously was a strong resistance. At the same time, it rejected the 200 Moving Average for the second time, confirming the validity of the uptrend.
Stellar is likely to continue going upwards within the uptrend channel, either towards a double top at $0.0048 or one of the Fibonacci resistance levels. $0.082 currently is seen as a strong resistance, although it could go higher if broken. A daily close below the $0.024 might have a negative effect on Stellar, and send it lower, so this support area should be watched closely.
After that, a corrective wave down followed, where STR/USD rejected the $0.024 support, which previously was a strong resistance. At the same time, it rejected the 200 Moving Average for the second time, confirming the validity of the uptrend.
Stellar is likely to continue going upwards within the uptrend channel, either towards a double top at $0.0048 or one of the Fibonacci resistance levels. $0.082 currently is seen as a strong resistance, although it could go higher if broken. A daily close below the $0.024 might have a negative effect on Stellar, and send it lower, so this support area should be watched closely.
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time to fly
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Almost reached target 3
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3RD Target reached
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Final target reached
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