Strong Bullish Impulses Push Stellar to 0.11400000 Level
- Yesterday’s Stellar price pullback was stopped at the 0.10963274 level.
- The price of Bitcoin Cash jumped to a new high today at the $193.98 level.
Stellar chart analysis
Yesterday’s Stellar price pullback was stopped at the 0.10963274 level. After support at that level, we saw the initiation of a bullish consolidation that continues today. Today, we see strong bullish impulses and a price jump to the 0.11400000 level. We are getting closer to testing this week’s high at the 0.11437520 level.
If we hold on here, we will have the opportunity to break above and form a new high. Potential higher targets are 0.11500000 and 0.11550000 levels. We need a negative consolidation and pullback below the 0.11300000 level for a bearish option. With increased bearish momentum, we would be forced to move down to the next lower support. Potential lower targets are 0.11200000 and 0.11100000 levels.
Bitcoin Cash chart analysis
The price of Bitcoin Cash jumped to a new high today at the $193.98 level. We stop there and make a pullback to the $278.00 level. Support at $280.00 was broken, and we are now on the bearish side. This could lead to a continuation of the decline and a test of the morning’s support. Potential lower targets are $275.00 and $270.00 levels.
We need positive consolidation and holding the price above the $280.00 level for a bullish option. If we succeed in that, we would have a good position from which we could start the continuation of the bullish side. Potential higher targets are $285.00 and $290.00 levels.
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