Stellar and Bitcoin Cash: Bitcoin Cash returns above $500.00
The price of Stellar is rising today to a new two-week high at the 0.139999 level. Yesterday, we saw Bitcoin Cash’s price jump above the $500.00 level after three weeks.Stellar chart analysis
The price of Stellar is rising today to a new two-week high at the 0.139999 level. We were close to the 0.140000 level. On Saturday, the price rose above the EMA200 moving average, after which we started a stronger bullish consolidation. We started Monday at the 0.135000 level. First, we moved in the 0.134000-1.36000 range, and in the second part of the day, we had a bullish impulse and growth above the 0.138000 level.
Today we saw a new impulse and a jump above 0.139000 and then a rise to a weekly high. We are in a slight pullback to 0.139350 but remain stable and close to the 0.140000 level. We need another impulse to climb to a new high, and potential higher targets are 0.141000 and 0.142000 levels.
Bitcoin Cash chart analysis
Yesterday, we saw Bitcoin Cash’s price jump above the $500.00 level after three weeks. A high was formed at the $507.50 level. After that, the price retreated to the $490.00 level, and since then, we have been moving in the $485.00-$495.00 range. The chart is calm, and we need an impulse in some direction to start the trend. A push above $500.00 would be good to initiate a bullish consolidation and test yesterday’s high.
Potential higher targets are $510.00 and $520.00 levels. We need a negative impulse and a drop below the $485.00 weekly open price for a bearish option. This is a sign that we are on the bearish side and that a pullback could follow. Potential lower targets are $480.00 and $470.0 levels.
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