Technical Analysis on Stellar (XLMBTX)

BITTREX:XLMBTC   Lumen / Bitcoin
Stellar may go up from the 50% Fib level which is acting as major immediate support. The immediate target will be the major resistance level which is shown in blue.

1)The major resistance will be at 0.0000485 BTC level which also coincides with 23.6% FIb retracement. If it breaks, a rally can be seen.
2)If the support of 50% FIb retracement breaks, the next support will be at 61.8% Fib retracement level which it seems to be following very well.


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