Stellar returns from the bottom
Coin of the day is Stellar (Lumens)
The pair pushed upwards denoting new bottom at 0.0000275 level. 100-days EMA also played a supporting role, albeit with a small penetration.
Now the pair established an uptrend direction and held it. Nonetheless, we can’t identify a complete turnaround pattern as long as the Global Trend Line Resistance will hold.
Hence, targets for the near-term is 0.000035 level and Global Trend Line Resistance.
From the downside 0.0000333 level and 100-days EMA will play as a support.
The pair pushed upwards denoting new bottom at 0.0000275 level. 100-days EMA also played a supporting role, albeit with a small penetration.
Now the pair established an uptrend direction and held it. Nonetheless, we can’t identify a complete turnaround pattern as long as the Global Trend Line Resistance will hold.
Hence, targets for the near-term is 0.000035 level and Global Trend Line Resistance.
From the downside 0.0000333 level and 100-days EMA will play as a support.
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