PRICE ANALYSIS
Stellar Ready For Swing: Right now the price of stellar is $.133. The nearest resistance is at $.136. Currently stellar is not in an uptrend but soon we can see a swing. Global exchange.
On 14th May stellar crossed the 200 MA. 50 MA crossed the 100 MA on 5th April.
Globalxchange. MACD is showing that there is some momentum in the recent swing. Stochastic is showing an upward bend. The Ichimoku cloud is showing a slightly bullish signal. Right now the convergence line is just touching the baseline.
Stellar is forming reverse head and shoulder in the chart.
According to the charts, the upward swing will achieve the target of $.218 if bulls supported the pattern.
STRATEGY
Globalexchange. The stellar chart is having resistance at $.136 and having a support at $.0950. If stellar break the resistance of $.136 with heavy volume then we can achieve the price level of $.218.
On the other hand, we can see the price level of $.09 if stellar turn away from $. Globalxchange. 136 with heavy volume. Currently, the price is near $.136 so wait for the breakout in either way then take the trade position accordingly.
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