Stellar and Bitcoin Cash: Bitcoin Cash drops below $380.00
Over the weekend, Stellar price pulled back from the 0.140000 level. Early on Friday, the price of Bitcoin Cash fell below support at $430.00 and the EMA200 moving average.Stellar chart analysis
Over the weekend, Stellar price pulled back from the 0.140000 level. We had additional pressure in that zone in the EMA200 moving average. This immediately triggered a negative consolidation and declined to the 0.125000 level on Saturday. On Sunday, we saw a limited recovery to the 0.133100 level. After that, yesterday, the price started a new pullback again to 0.125000. With support, we fire a bullish impulse up to the 0.137697 level.
We encounter resistance and pull back below the EMA200 and 0.135000 levels. From there, we make a new inactive consolidation and descend to a new weekly low at the 0.119493 level. We are currently staying away from bearish pressure, maintaining below the 0.125000 level. Potential lower targets are the 0.117500 and 0.115000 levels.
Bitcoin Cash chart analysis
Early on Friday, the price of Bitcoin Cash fell below support at $430.00 and the EMA200 moving average. From that moment, we have been in a bearish consolidation until now. During the weekend, the price broke the $400.00 level and fell to $370.00, forming a new low there. A recovery was initiated on Sunday, and we returned to the $400.00 level. Monday was quite volatile. We went down and then up to the $410.00 level.
We encountered EMA200 again, which, like last time, did not allow us to move above it. Bitcoin Cash initiated another pullback from that level and pulled back below the $400.00 support level once more. The price dropped to $356.56 in the previous hour, forming a new weekly low there. Potential lower targets are the $350.00 and $340.00 levels.
The post Stellar and Bitcoin Cash: Bitcoin Cash drops below $380.00 appeared first on FinanceBrokerage.
