Stellar Ranging

Stellar Lumens has continued to find support at $0.35, a level highlighted many times here. This has proven to provide support and appears to be a significant level. It has consolidated to extremes and seems ready to break out. If support does not hold, we have the lower bound of the KRI at $0.30, which is a psychological level. Further, we must consider levels of support in the $0.20's including $0.28, and $0.23, both Fibonacci levels. Both Kovach momentum indicators have flat-lined. The central moving average of the KRI at $0.38 will now provide resistance. After that, we must break resistance at $0.43, a Fibonacci level, then $0.47 is the next barrier. Finally, we have $0.50, which was a significant barrier for XLM, then there is a vacuum zone from above until $0.65.

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