Stellar draw a rebound pattern close to the 61.8% Fibo from the January uptrend and 38.2% Fibo from the global uptrend. The fact that fall of the Stellar did not even reach the latest lows, talks in favor of the bullish mood among traders.
Also, the volumes grew significantly, as soon as the pair got close to the 0.000004 support.
All these factors make positive impression about the Stellar uptrend scenario.
Nonetheless, there is a strong resistance zone on the way up. The resistance angle in pair with the 0.000048 - 0.00005 zone should be pierced to confirm the start of the uptrend movement.
Also, the volumes grew significantly, as soon as the pair got close to the 0.000004 support.
All these factors make positive impression about the Stellar uptrend scenario.
Nonetheless, there is a strong resistance zone on the way up. The resistance angle in pair with the 0.000048 - 0.00005 zone should be pierced to confirm the start of the uptrend movement.