Stellar - Daily
Bottom Line: Higher against 0.1192; in a developing (iii) wave at larger degree.
Outlook: Against 0.0667, the focus is on higher in a developing advance, wave (iii) of ((iii)).
Analysis: We're watching for evidence a $XLM ended its wave ii correction at 0.0726. A break above 0.1008 would bolster that outlook and setup a challenge of the next key level at 0.1192.
Key Levels:
Below 0.0726; 0.0667
Above 0.1008, 0.1192
Bottom Line: Higher against 0.1192; in a developing (iii) wave at larger degree.
Outlook: Against 0.0667, the focus is on higher in a developing advance, wave (iii) of ((iii)).
Analysis: We're watching for evidence a $XLM ended its wave ii correction at 0.0726. A break above 0.1008 would bolster that outlook and setup a challenge of the next key level at 0.1192.
Key Levels:
Below 0.0726; 0.0667
Above 0.1008, 0.1192
Trade active:
Trade active:
Comment:
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.
Trade active
Trade active
Bottom Line: Looking towards a break above 0.1192.
Analysis: Stellar has struggled but appears to have stabilized with a low at 0.0779 this past week. Breaking above 0.1192 is the next upside objective for the bulls. Against this level, sights are set on higher towards a challenge of the key August 2020 peak at 0.1192.