Connect with us

Hi, what are you looking for?

Real Investment StarReal Investment Star

Economy

Stellar and Bitcoin Cash: Stellar in pullback below 0.107000

Stellar and Bitcoin Cash: Stellar in pullback below 0.107000

The price of Stellar is currently falling to a new weekly low at the 0.106251 level. 
This morning, the new weekly low price of Bitcoin Cash was formed at the $443.56 level. 

Stellar chart analysis

The price of Stellar is currently falling to a new weekly low at the 0.106251 level. We are under strong bearish pressure since this morning after consolidation at the 0.107000 level. On Tuesday, we had a bullish attempt to move above the EMA200 but failed to do so. We continued to pull back below 0.108000, which brought us to a new weekly low today. We can expect bearish consolidation to continue and the price of Stellar to drop to lower levels.

Potential lower targets are 0.106000 and 0.105000 levels. For a bullish option, the price would have to move above 0.108000 to get the first support at the EMA50 moving average. After the consolidation, we also need a new impulse in that area that would trigger further recovery. Potential higher targets are 0.109000 and 0.110000 levels.

Bitcoin Cash chart analysis

This morning, the new weekly low price of Bitcoin Cash was formed at the $443.56 level. After that, we saw a weak attempt to recover to the $156.00 level. There we encounter new resistance and return to the previous support zone. The pressure is now at the weekly low, and a new bearish impulse could easily form a new one. Potential lower targets are $440.00 and $435.00 levels.

We need a positive consolidation and a move above the $455.00 level for a bullish option. Then, we need to maintain ourselves at that level. If we succeed, we could start a new impulse and continue the recovery to the bullish side. Potential higher targets are $460.00 and $465.00 levels. Additional against our recovery is the EMA200 in the zone of $460.00 levels.

The post Stellar and Bitcoin Cash: Stellar in pullback below 0.107000 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Investing

    Democratic Gov. Janet Mills on Wednesday vetoed a bill aimed at prohibiting foreign influence in Maine elections, but voters will get the final say...

    Latest News

    There were several reasons offered in support of the congestion pricing plan that was supposed to go into effect in New York at the...

    Latest News

    House Speaker Mike Johnson (R-La.) on Wednesday appointed Reps. Scott Perry (R-Pa.) and Ronny Jackson (R-Tex.), two Trump loyalists who denied the results of...

    Disclaimer: realinvestmentstar.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 realinvestmentstar.com