Connect with us

Hi, what are you looking for?

Trading Secrets

Stellar fell to 0.118444 on Tuesday, what about BTC Cash? 

Stellar fell to 0.118444 on Tuesday, what about BTC Cash?

The price of Stellar fell to 0.118444 on Tuesday. This week’s Bitcoin Cash price low was formed on Tuesday at the $340.00 level.

Stellar chart analysis

The price of Stellar fell to 0.118444 on Tuesday. After a low at that level formed, a recovery and bullish consolidation were initiated, which continues today. This morning, a two-day high formed at the 0.143500 level, which is our resistance level for now. Since then, we have been moving in the 0.138500-0.1435000 range. Consolidation is slightly bullish, and we expect a new test of the previous high.

Potential higher targets are the 0.145000 and 0.145750 levels. For a bearish option, we need a price pullback to the EMA200 and 0.133800 levels. New pressure on the support zone could easily lead to a drop below and form a new low. Thus, we confirm that we are in a bearish trend and expect a retreat to lower levels. Potential lower targets are the 0.130000 and 0.125750 levels.

Bitcoin Cash chart analysis

This week’s Bitcoin Cash price low was formed on Tuesday at the $340.00 level. From then until today, we are in a bullish consolidation supported by the EMA200 moving average at the $395.00 level. Today’s price high was this morning at the $424.00 level. After that price, it retreats and keeps below the $410.0 level. We need a new, stronger, bullish impulse to break above the $425.00 level. This would form a new daily high and strengthen the bullish position.

Potential higher targets are $430.00 and $440.00 levels. If we fail in that intention, the price turns to the bearish side. Once again we are forced to look for support in the EMA200 and $390.00 level. A drop below increases the pressure on the weakened Bitcoin Cash, and the potential lower targets are the $380.00 and $370.00 levels.

The post Stellar fell to 0.118444 on Tuesday, what about BTC Cash? appeared first on FinanceBrokerage.

Enter your email address below and we’ll send you our best practices.

    You can unsubscribe at any time. Redstatefoundation respects your privacy and strives to be transparent about our data collection practices. Please read our Privacy Policy and Terms of Use.

    You May Also Like

    Trading Secrets

    What is the marginal rate of substitution and its formula? Key Takeaways: Trade-offs and Satisfaction: MRS shows the trade-offs consumers are willing to make...

    Trading Life

    Laura Wong Hon Chan is an interest rate options trader, who is currently a director at Bank of America Merrill Lynch in New York....

    Trading Secrets

    In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews what’s driving the markets higher and what to be on the lookout...

    Trading Secrets

    SPX Monitoring Purposes: Long SPX on 10/10/22 at 3612.39; sold 12/13/22 at 3669.91 = gain 1.59%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at...