Economy

Stellar and Bitcoin Cash: Stellar is holding around 0.150000

Stellar and Bitcoin Cash: Stellar is holding around 0.150000

On Tuesday, we saw the price of Stellar pull back to the 0.142500 level.
Bitcoin Cash prices climbed to a new weekly high today at $473.66.

Stellar chart analysis

On Tuesday, we saw the price of Stellar pull back to the 0.142500 level. There, we met with EMA200, successfully got support, and started bullish consolidation. Today, we see a jump to the 0.152600 level, where we form a daily high. The previous consolidation tells us that we could continue the recovery. Potential higher targets are the 0.154000 and 0.156000 levels.

For a bearish option, we need a pullback to the 0.146000 level. There, we will encounter the EMA200 moving average again. If we fail to hold above, the price will slide down and strengthen bearish momentum. Potential lower targets are the 0.144000 and 0.142000 levels.

Bitcoin cash chart analysis

Bitcoin Cash prices climbed to a new weekly high today at $473.66. During the morning, we saw a break above the $450.00 resistance zone. Before that, this morning we consolidated around $440.00, after which we see a strong bullish impulse, resistance break and growth to a new weekly high. The price stops there and makes a pullback to $457.00. We are now looking at $450.00 again but as support and a bottom formation point for continuation on a bullish flat.

If we were to slip below again, Bitcoin Cash would come under more pressure and move significantly away from the bullish path. That would take us back up to $440.00, and there, we would be forced to look for support in the EMA50 moving average. Potential lower targets are the $435.00 and $430.0 levels. In the zone around $430.00, we will once again have the opportunity to test the support of the EMA200 moving average.

The post Stellar and Bitcoin Cash: Stellar is holding around 0.150000 appeared first on FinanceBrokerage.

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