Stellar going to 0.110000 while Bitcoin Cash drops to 450.00
- Stellar’s new two-week low was formed yesterday at the 0.109715 level.
- The price of Bitcoin Cash fell below the $450.00 level yesterday, forming a new two-week low.
Stellar chart analysis
Stellar’s new two-week low was formed yesterday at the 0.109715 level. After that, we got the required support and saw a recovery to the 0.112800 level. There, we pause again and turn to the bearish side, retreating to the 0.110783 level. We are focused on yesterday’s support level and expect to test that level soon. Potential lower targets are 0.109000 and 0.108000 levels.
We need a positive consolidation and a Stellar price jump above the 0.114000 level for a bullish option. Above, we get support from the EMA200 moving average, reinforcing the bullish optimism in the price recovery. This will strengthen us to move more stably to the bullish side. Potential higher targets are 0.115000 and 0.116000 levels.
Bitcoin Cash chart analysis
The price of Bitcoin Cash fell below the $450.00 level yesterday, forming a new two-week low. After that, we saw a recovery attempt, which was stopped at the $470.00 level at the weekly open price. We did not have enough strength to continue above, and another pullback to the $455.00 level followed. We are now on our way to a new test of this week’s low.
Potential lower targets are $445.00 and $440.00 levels. For a bullish option, we need new support and the initiation of a bullish consolidation. Then, we have to go back up to the $470.00 level, the weekly open price. A break above is what we need to get rid of the bearish pressure.
Potential higher targets are $475.00 and $480.00 levels. An additional higher open in the $480.00 zone is the EMA200 moving average.
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