Personally, I am very bullish
on the long term, but due to the bitcoin
value that has been decreasing over the past few weeks, Stellar
has been decreasing with it. In my opinion, Stellar
has 3 major supports, the first one already broke while the other two are still intact. For me, there is a high probability that Stellar
will bounce between the 0.782 Fibonacci retracement
and the 0.88 Fibonacci retracement
. If you buy in this zone, you will have a nice entry with a good risk to reward ratio. If you have any questions or comments on this TA, let me know, all feedback is highly appreciated!