- Stellar reversed from strong resistance level 0.3515
- Likely to fall to support level 0.3000
Stellar cryptocurrency recently reversed down from the strong resistance level 0.3515 (former strong support from August and September, acting as resistance after it was broken recently).
The resistance level 0.3515 was strengthened by the 78.6% Fibonacci correction of the previous sharp downward impulse from the start of October.
Given the strong daily downtrend, Stellar cryptocurrency can be expected to fall to the next round support level 0.3000.
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.