- Stellar price stopped yesterday at the level 0.1213844.
- bitcoin Cash price is retreating after failing to break above the $275.00 level yesterday.
Star Chart Analysis
Stellar price stopped yesterday at the level 0.1213844. We failed to overcome the situation and there was a pullback to the level of 0.11400000. Yesterday we received support from there, from which we started to grow and recover to the level of 0.11900000. There, we formed a lower high and today we started a pullback from that level. A strong bearish formation breaks below yesterday's support and the EMA200, forming a new low at the 0.11203685 level.
If we stay in this area longer, a break below and a drop to a new low could occur. Possible lower targets are the 0.11200000 and 0.11100000 levels. We need a consolidation above the 0.11600000 level and the EMA200 moving average for a bullish option. Only by staying on top can we provide a good foundation for further growth. The highest potential targets are the 0.11700000 and 0.11800000 levels.
bitcoin Cash Chart Analysis
bitcoin Cash price is retreating after failing to break above the $275.00 level yesterday. Strong bearish impulses caused the price to fall to the level of $255.75 in just two hours. We then saw an attempted price recovery to $267.00. In that area we found the EMA200, which did not allow us to go up.
It had a negative impact and we started a new decline to test the support zone. Too much pressure could easily break support and visit lower levels. The lowest potential targets are $254.00 and $252.00.
We need positive consolidation and performance above the $268.00 level for a bullish call. So we have to stay up there and form a new bottom; From there, it would be easier for us to start recovery. The highest potential targets are the $270.00 and $272.00 levels.
<img decoding="async" loading="lazy" alt="bitcoin Cash Chart Analysis” width=”1024″ height=”587″ src=”https://technicalterrence.com/wp-content/uploads/2024/02/1708517021_314_Bitcoin-Cash-falls-to-25500.jpg”/>
<img decoding="async" loading="lazy" src="https://technicalterrence.com/wp-content/uploads/2024/02/1708517021_314_Bitcoin-Cash-falls-to-25500.jpg" alt="bitcoin Cash Chart Analysis” width=”1024″ height=”587″/>
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