* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
As we mentioned in our last analysis that Stellar will face resistance from 20-day EMA and the trendline. Stellar couldn't go through these levels and bounced back from the $0.40 level.
We still believe that Stellar will be bullish when it breaks out the 50-day SMA ( now at $0.43). If it succeeds to go above this level it may rally to the next target at $0.50.
Conversely, Stellar has built a solid bottom around $0.30 level, hence we predict it will hold any fall. Stellar will turn negative if it breaks down $0.30.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
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