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Stellar and Bitcoin Cash: Stellar rose to the 0.119500 level

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Stellar and Bitcoin Cash: Stellar rose to the 0.119500 level

At the start of last weekend, the price of Stellar managed to gain support at the 0.110000 level.
The price of Bitcoin Cash rose to the $528.33 level this morning.

Stellar chart analysis

At the start of last weekend, the price of Stellar managed to gain support at the 0.110000 level. Very soon after that we move to 0.113000 and cross the EMA200 moving average. Below, we see a positive consolidation with support at the 0.114000 level. This led to a jump to a new weekly high at the 0.119200 level this morning. We stopped there for now and retreated to support at the 0.116000 level.

Additional price support is the EMA50 moving average. If we manage to stay above, we will have the opportunity to start further growth and maybe see a new weekly high. Potential higher targets are 0.118000 and 0.119000 levels. We need a negative consolidation and pullback to higher support at 0.115000 for a bearish option. There we come across the EMA200 and the weekly open price. Below that, we will be under a lot of pressure to start falling to lower levels. Potential lower targets are 0.114000 and 0.113000 levels.

Bitcoin Cash chart analysis

The price of Bitcoin Cash rose to the $528.33 level this morning. A new seven-day high was formed at that level. After that, the price stopped there and began to retreat to the $510.00 level. Here, we now meet the EMA200 moving average, adding pressure to this pullback, and we could see the price at new lower support.

Potential lower targets are the $500.00 and $495.00 levels. We need to hold above the EMA200 and $510.00 for a bullish option. If we succeed, we could expect a new bullish impulse and the start of the continuation of the previous growing trend. Potential higher targets are $520.0 and $530.00 levels.

 

The post Stellar and Bitcoin Cash: Stellar rose to the 0.119500 level appeared first on FinanceBrokerage.