Stellar Forecast

What is Stellar?

Stellar is a distributed, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation.

At the time of writing, Stellar is facing a bearish push at 0.53 level. On the upside, the momentum seems to be coming to an end as the Stochastic indicates oversold conditions and the Bulls might defend the trend line and take the price to previous high 0.97 (Jan 04) before facing any resistance. Watch out for the 0.50 levels to take the ride from beginning.

Whereas, a break of the trend line may result in the retest of support at 0.43 levels.

Indicators:

Slow Stochastic (14,3,3)