Connect with us

Hi, what are you looking for?

Stock

Stellar and Bitcoin Cash: Bitcoin Cash approached $490.00

Stellar image crypto 1

Stellar and Bitcoin Cash: Bitcoin Cash approached $490.00

  • Last week we saw Stellar price pull back to support at the 0.102985 level.
  • Bitcoin Cash fell below the $400.00 level last Wednesday.

Stellar chart analysis

Last week we saw Stellar price pull back to support at the 0.102985 level. This was followed by a recovery and the initiation of a positive consolidation above the EMA200 moving average up to the 0.112000 level. We also spent the weekend consolidating around the EMA200. Yesterday, we had a new bullish attempt; this time, we are climbing to a new high at the 0.113646 level. We stayed above for a short time, and the price started to pull back again until the support at 0.108000.

We managed to get that new support this morning and get back to the EMA200 at the 0.110700 level. We need an impulse that would move us above and thus strengthen the bullish option. Potential higher targets are 0.112000 and 0.113000 levels. We need a negative consolidation and pullback to this morning’s support at 0.108000 for a bearish option. We are thus testing the weekly support and will be under pressure to fall to a new lower low. Potential lower targets are 0.107000 and 0.106000 levels.

Stellar chart analysis

Bitcoin Cash chart analysis

Bitcoin Cash fell below the $400.00 level last Wednesday. A low was formed at $399.22, after which the price started a recovery and crossed above the $430.00 level. There, we got support from the EMA50 moving average, which continued the positive consolidation over the weekend. We are also receiving support from the EMA200 moving average, which made us climb to $487.74 on Monday.

A new seven-day high has been formed and we expect to see a continuation to the bullish side. Potential higher targets are $490.00 and $500.00 levels. We need a negative consolidation and a drop to the $460.00 level for a bearish option. Down there, we come across the EMA200 moving average. By breaking through this support level, the pressure on the price to start a further pullback will increase significantly. Potential lower targets are $450.00 and $440.00 levels.

Bitcoin cash chart analysis

The post Stellar and Bitcoin Cash: Bitcoin Cash approached $490.00 appeared first on FinanceBrokerage.

You May Also Like

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...




Disclaimer: Oldamericanbroker.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 Oldamericanbroker.com