Connect with us

Hi, what are you looking for?


Stellar and Bitcoin Cash: Stellar breaks above EMA200

Stellar and Bitcoin Cash: Stellar breaks above EMA200

The price of Stellar climbed to the 0.107982 level, forming a new weekly high. 
Last night, Bitcoin Cash climbed to the $468.58 level. 

Stellar chart analysis

The price of Stellar climbed to the 0.107982 level, forming a new weekly high. Yesterday we had a strong bullish consolidation with the 0.102000 level. After which we climbed above the EMA200 moving average and continued to today’s high. We are now in a minor defensive position, going down to the 0.107065 level testing the daily open price. If we manage to stay above, we will have a new opportunity to attack the previous high and form a new one.

Potential higher targets are 0.108000 and 0.109000 levels. A fall below the daily open price moves us to the negative side, and we can expect a pullback to 0.106000 and the EMA200 moving average. The impossibility to maintain even here will strengthen the bearish momentum and we will continue to fall in search of a new support level. Potential lower targets are 0.105000 and 0.104000 levels.

Bitcoin Cash chart analysis

Last night, Bitcoin Cash climbed to the $468.58 level. After forming a weekly high at that level, a pullback was initiated below the $460.0 level and we are now at $455.00. We are under bearish pressure to start a further pullback until we find better support. Potential lower targets are $450.0 and $445.0 levels.

Additional support at $445.00 is at the EMA200 moving average. If we manage to stabilize and move above $460.00, that would mark our first step towards a potential bullish recovery. This positive outlook could bring a sense of optimism to our audience.


The post Stellar and Bitcoin Cash: Stellar breaks above EMA200 appeared first on FinanceBrokerage.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

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

    Editor's Pick

    Visitors at embedded world Exhibition & Conference, Nuremberg, to discover how to unleash configurable, customisable, trainable chatbot for business performance improvement. SECO, a global...

    Editor's Pick

    Internet of Things, or IoT, is no longer just about smart homes and wearable tech, it rather marks a profound new shift in the...

    Editor's Pick

    In today’s fast-paced business landscape, compliance with regulations and standards is paramount. Failing to meet these requirements can result in hefty fines, damaged reputations,...


    Meme stocks are back. One day after an account associated with the phenomenon posted for the first time in years on the X social...

    Disclaimer:, 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 © 2024