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.
