Greetings, traders! We have all heard about the Stellar hype one way or the other. The media is selling it with words like "Stellar defies market pullback". Long time supporters assured new comers that Stellar is going to $100 now. How true is any of this? I can't say about its future but one thing is for certain, Stellar's gravity defying stunt is likely to end with a double top given its exhausted momentum. Everything that needs to be said is on the chart. Good luck!
Comment:
Hello, traders. Stellar looks ready to move up to our trend reversal zone to retest the former high despite taking longer than expected. Once this is out of the system, we can hope for a steady decline to lower levels. On the other hand, a break of 10% above former high could shift the outlook of the trend entirely.