Stellar’s (STRUSD) bear channel
March 18, 2018 till present date is captured in this 4hr tf analysis for Stellar (STRUSD) with a bear channel currently active since ~April 28, 2018.
The summary of this post is that no buying should occur until the bear channel gives way to bullish momentum that should see Stellar (STRUSD) breakout of the current bear channel.
Failure to break out of the channel could see Stellar (STRUSD) test the bottom of the channel at ~0.1502. The width of the channel shown by the vertical blue arrow can be used to calculate the price level where Stellar (STRUSD) is expected to encounter a wall of sellers should price break above ~0.2231.
The summary of this post is that no buying should occur until the bear channel gives way to bullish momentum that should see Stellar (STRUSD) breakout of the current bear channel.
Failure to break out of the channel could see Stellar (STRUSD) test the bottom of the channel at ~0.1502. The width of the channel shown by the vertical blue arrow can be used to calculate the price level where Stellar (STRUSD) is expected to encounter a wall of sellers should price break above ~0.2231.
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