BitcoinSymphony
Long

Stellar support and resistance

POLONIEX:STRBTC   Stellar / Bitcoin
0.00004 level played a support role at 2018.02.02 and pushed the price upwards. Unfortunately Stellar             did not manage to break above the strong resistance 0.00005, and it went down slowly.
0.00004 support level located slightly under the 61.8% Fibo of the January uptrend. And if we evaluate current bias as bullish and looking for the good place to buy in - the 0.00004 zone is a perfect place.
A crossing of the angle support could be a good buy signal for those who in doubts.
Nonetheless, the 0.00005 level is strong resistance, and it is recommended to consider this level for fixing profits.
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