Stellar Above Support: Could Reach 0.11500000 Level
Stellar Price successfully found support yesterday at the 0.11000000 level.
The weekend brought us some real excitement on the Bitcoin Cash chart.
Stellar chart analysis
Stellar Price successfully found support yesterday at the 0.11000000 level. Additional support is found in the EMA200 moving average, which pushes us easily above the 0.11200000 level. Shortly after that, we see bullish consolidation and growth above the 0.11300000 level. Today, we continue to grow and climb to a new weekly high at the 0.11437520 level.
If this kind of consolidation continues, Stellar could easily reach higher levels. Potential higher targets are 0.11500000 and 0.11600000 levels. We need to see Stellar at the 0.11200000 support zone for a bearish option. There, we again encounter the EMA200 moving average in search of its support. Potential lower targets are 0.11100000 and 0.11000000 levels.
Bitcoin cash chart analysis
The weekend brought us some real excitement on the Bitcoin Cash chart. After a boring Saturday and movement around the $250.00 level, Sunday brought us a strong bullish impulse and a jump to the $283.95. On Monday, we watched a pullback to $265.00, where we found new support and formed a new higher low. After the new support, we started with a bullish consolidation that pushed last night’s price to $289.68.
With this, we form the February high, and the potential higher targets are $290.00 and $295.00. We need a negative consolidation and pullback of the price below the $275.00 level for a bearish option. That’s our support zone today, and if it doesn’t hold, we’ll see Bitcoin Cash’s pullback. Potential lower targets are the $270.00 and $265.00 levels.
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