Stellar: ⬇️ Sell
– Stellar reversed from resistance zone
– Likely to fall to support level 0.1880
Stellar cryptocurrency recently reversed down from the resistance zone between the resistance level 0.2315 (which stopped wave (iv) in the middle of June), resistance trendline of the daily up channel from the middle of August and the upper daily Bollinger Band.
The downward reversal from this resistance zone stopped the previous short-term impulse wave i and started the active correction ii.
Given the strength of the resistance level 0.2315, Stellar cryptocurrency can be expected to fall further toward the next support level 0.1880 – which intersects with the support trendline of the aforementioned daily up channel.