Stellar reversed from resistance area

XLMUSDStellar cryptocurrency recently reversed down from the resistance area located between the key resistance level 0.2365 (which has been reversing the price from the start of January, as you can see from the daily Stellar chart below), upper daily Bollinger Band intersecting with the 38.2% Fibonacci correction of the previous downward impulse from the start of December.

Given the strongly bearish sentiment that can be seen across the cryptocurrency markets today and the overbought daily Stochastic – XLMUSD prices can be expected to fall further toward the next support level 0.2000.XLMUSD - Primary Analysis - Apr-01 1217 PM (1 day)

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