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Stellar and Bitcoin Cash: Bitcoin Cash close to $530.00

Stellar and Bitcoin Cash: Bitcoin Cash flies above $320.00

Stellar and Bitcoin Cash: Bitcoin Cash close to $530.00

  • On Monday, the price of Stellar demonstrated its resilience by finding support at the 0.105000 level. 
  • The price of Bitcoin Cash climbed to the $529.75 level this morning, forming a new weekly high. 

Stellar chart analysis

On Monday, the price of Stellar demonstrated its resilience by finding support at the 0.105000 level. This was followed by a bullish consolidation, and with a couple of strong impulses, we swiftly climbed above the 0.110000 level. Subsequently, the price soared to a new weekly high at the 0.113612 level. We pause here and witness a pullback to support at the 0.111580 level. Stellar once again finds support, showcasing its strength, and initiates a recovery to the 0.113000 level.

Potential higher targets are 0.114000 and 0.115000 levels. The price must return to the previous support level for a bearish option. A new impulse below will form a new daily low and thus confirm the bearish presence. Potential lower targets are 0.111000 and 0.110000 levels.

Stellar chart analysis

 

Bitcoin Cash chart analysis

The price of Bitcoin Cash climbed to the $529.75 level this morning, forming a new weekly high. After that, the price takes a step down to support at the $510.00 level. We remain above that level and recover slightly to $520.00. Now we need to hold on here, in order to start a new positive consolidation and start further recovery. Potential higher targets are $530.00 and $540.00 levels.

For the bearish option, Stellar price must first retest the $510.00 support level. If it fails to hold above that level, we will see a drop below to a new daily low. Thus, the price confirms the bearish momentum, which will only intensify the pullback and the search for new support. Potential lower targets are $500.00 and $490.00 levels.

Bitcoin Cash chart analysis

 

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