Stellar and Bitcoin Cash: BTC Cash makes a push to $430.00
Yesterday we saw the price of Stellar hit a new weekly low at the 0.117162 level. Bitcoin cash recovered yesterday from the previous drop to the $347.99 level.Stellar chart analysis
Yesterday we saw the price of Stellar hit a new weekly low at the 0.117162 level. After getting new support price starts a bullish consolidation and climbs above 0.126000 and the EMA50 moving average. This brings us back to the bullish side, and thus strengthened, we started further recovery. We are currently looking at the price at 0.132387 and here we are now testing the EMA200 moving average.
If we manage to move above, potential higher targets are 0.13400 and 0.13500 levels. We need a negative consolidation and price pullback below the 0.13000 level for a bearish option. With that step, we slide to a new daily low and confirm the bearish momentum. Potential lower targets are the 0.128000 and 0.126000 levels. Additional support is EMA50 in the zone around the 0.128000 level.
Bitcoin cash chart analysis
Bitcoin cash recovered yesterday from the previous drop to the $347.99 level. By the end of the day, a strong, bullish consolidation moved us above the $400.00 level. After which, today, we continued to the $435.89 level. We formed a new weekly high up there, and for now, we are successfully holding in that zone. If we stay up here, we expect a new bullish impulse and growth to higher levels.
Potential higher targets are $440.00 and $450.00 levels. We first need negative consolidation and pullbacks below the $420.00 level for a bearish option. Thus, we move away from the previous bullish consolidation and turn to the bearish side. Potential lower targets are $410.00 and $400.00 levels. Additional support in the zone around $400.00 is the EMA200 moving average.
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