Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

Stellar and Bitcoin Cash: Stellar on support above 0.105000

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.

The post Stellar and Bitcoin Cash: Stellar on support above 0.105000 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

    Stock

    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    Investing

    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Disclaimer: thefreedomright.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2020-2024 The Freedom Right. All Rights Reserved