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Stellar and Bitcoin Cash: Bitcoin Cash slips below $450.00

Started by PocketOption, Jun 12, 2024, 08:03 am

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Stellar and Bitcoin Cash: Bitcoin Cash slips below $450.00

Stellar chart analysis

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.


Stellar chart analysis


 


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.


Bitcoin Cash chart analysis


 


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