Stellar and Bitcoin Cash: Stellar on support above 0.105000

• For the third day now, the price of Stellar is under pressure to hold above the 0.105000 level.
• A new weekly low for Bitcoin Cash was formed yesterday at $446.98. 

Stellar chart analysis

For the third day now, the price of Stellar is under pressure to hold above the 0.105000 level. We have been moving in the 0.105000-0.110000 range since Tuesday. Let’s say it’s positive that there were no falls to the bearish side or the formation of a lower low. Now, we hope to go back to 0.110000 and hold up there. We are testing the weekly open price in the low around the 0.111000 level and are climbing to a three-day high.

This increases the chances of seeing further recovery. Potential higher targets are 0.112000 and 0.113000 levels. Stellar would have to move down to the 0.10500 level for a bearish option. We return the teams to the support zone and increase the chances of going to a new weekly low. Potential lower targets at 0.104000 and 0.103000 levels.

Bitcoin Cash chart analysis

A new weekly low for Bitcoin Cash was formed yesterday at $446.98. After that, we receive support down there and move into a bullish consolidation, recovering to the $482.00 level. We move above the EMA50 moving average and hope for its support for further growth to the bullish side. Potential higher targets are $490.00 and $500.00 levels.

For a bearish option, we need a price pullback below $460.00, morning’s support level. Moving below, we go to a new daily low and worsen yesterday’s low. New pressure on the price in that zone could push it to a new low. Potential lower targets are $450.00 and $440.00 levels.