Stellar and Bitcoin Cash: Bitcoin Cash slips below $450.00

  • June 11, 2024
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Stellar and Bitcoin Cash: Bitcoin Cash slips below $450.00

We had a strong bearish impulse of Stellar price on Friday from 0.107000 to 0.091596. 
The price of Bitcoin Cash is falling this morning to the $449.04 level, forming a new June low.

Stellar chart analysis

We had a strong bearish impulse of Stellar price on Friday from 0.107000 to 0.091596. After that, the price tried to maintain in the 0.096000-0.100000 range during the weekend. On Monday, we saw the initiation of a bullish consolidation to the 0.101000 level, where we encountered resistance and failed to continue further. This triggers a new bearish consolidation to 0.097880, and we are getting closer to testing the weekend support.

Potential lower targets are 0.096000 and 0.095000 levels. We need a positive consolidation and a return above the 0.100000 level for a bullish option. With this, we return to the positive side above the weekly open price. Then we need to hold on there in order to start a further continuation to the bullish side. Potential higher targets are 0.101000 and 0.102000 levels.

 

Bitcoin Cash chart analysis

The price of Bitcoin Cash is falling this morning to the $449.04 level, forming a new June low. Last week’s bullish consolidation was stopped on Friday at the $520.61 level. After that, we saw a strong pullback and a drop to the $460.00 level. The price then managed to recover to $480.00, where it encounters the EMA200 but has no strength to move above.

Potential lower targets are $440.00 and $430.00 levels. We need to get back above the $460.00 level for a bullish option to start a recovery. After that, we need to stay there in order to create a position from which to start further growth. The next important level is $480.00, as we could get support from the EMA200 moving average there. Potential higher targets are $490.00 and $500.00 levels.

 

The post Stellar and Bitcoin Cash: Bitcoin Cash slips below $450.00 appeared first on FinanceBrokerage.

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