Stellar and Bitcoin Cash: BTC Cash in retreat below $270.00
- The price of Stellar rose to 0.12100820 levels this morning.
- Saturday brought a Bitcoin Cash price pullback to the $258.74 support level.
Stellar chart analysis
The price of Stellar rose to 0.12100820 levels this morning. A new February high has been formed, and we have resistance there for now. After that, we saw a pullback to the 0.11800000 level. We get new support there and climb again within reach of this morning’s high. New pressure in that zone could bring a breakout above and form this week’s new high. Potential higher targets are 0.12200000 and 0.12300000 levels.
For a bearish option, we need a pullback to support at the 0.11800000 level. A drop below it would break the bullish formation and strengthen the bearish momentum. Potential lower targets are 0.11700000 and 0.11600000 levels. EMA200 moving average is in the zone around 0.11500000 levels.
Bitcoin cash chart analysis
Saturday brought a Bitcoin Cash price pullback to the $258.74 support level. Then, on Sunday, we saw a return above the EMA200 and the $270.00 level. With the support of the EMA200, we continue to move in a mild bullish trend up to $274.00, where we formed a new high. For now, we are below that level and retreating towards the EMA200 again. The price is now under pressure to break below and form a new low for the week.
Potential lower targets are $264.00 and $260.00 levels. We need a break above the $274.00 level for a bullish option. Then we would have to hold our own up there. With the new impulse, the price should start a bullish consolidation and start a recovery. Potential higher targets are $276.00 and $280.00 levels.
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