Stellar: Bearish Divergence and When to Buy
The price bounced from 0.12000 resistance level. We got a trend reversal signal based on a bearish divergence. RSI confirmed the price reversal. MACD is supporting a possible downward movement.
From TA point of view, we have a bullish market that is going to correct the previous upward movement from 0.06500 support.
We can expect a pullback toward 0.09000, where the price action will be able to give us a new buying opportunity in the direction of the main trend with profit targets at 0.12000 and 0.14000 resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
From TA point of view, we have a bullish market that is going to correct the previous upward movement from 0.06500 support.
We can expect a pullback toward 0.09000, where the price action will be able to give us a new buying opportunity in the direction of the main trend with profit targets at 0.12000 and 0.14000 resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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