Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Investing

Stellar and Bitcoin Cash: Stellar pressures the weekly high

by August 22, 2024
August 22, 2024
Stellar and Bitcoin Cash: Stellar pressures the weekly high

Stellar and Bitcoin Cash: Stellar pressures the weekly high

The price of Stellar climbed back up to 0.099208 this morning, testing this week’s high there
On Wednesday, Bitcoin Cash finally woke up and started a bullish consolidation up to the $355.42 level

Stellar chart analysis

The price of Stellar climbed back up to 0.099208 this morning, testing this week’s high there. This time, we also lost momentum and began to retreat. A daily low price was formed at the 0.0977260 level. Additional support in that zone is the EMA 50 moving average, which did not allow us to continue on the bearish side. After that, a bullish consolidation was initiated, and the price recovered to the 0.098650 level.

We are again close to moving above 0.099000 and testing this week’s resistance level. Potential higher targets are the 0.099500 and 0.100000 levels. For a bearish option, we need a negative consolidation and pullback down to the 0.097500 level. New pressure on this morning’s low would increase momentum on the price of Stellar. Potential lower targets are the 0.970000 and 0.69500 ​​levels.

 

Bitcoin Cash chart analysis

On Wednesday, Bitcoin Cash finally woke up and started a bullish consolidation up to the $355.42 level. After forming the weekly high, the price lost momentum and initiated a pullback to support at $342.00. The further decline was stopped there, and the price started a recovery above the $350.00 level again. We are back above the daily open price, which is positive for a bullish option. Potential higher targets are the $352.00 and $354.00 levels.

For a bearish option, we need a negative consolidation and a drop below the daily open price. This would again signal Bitcoin Cash’s next pullback. With a new bearish impulse, we would see the beginning of a decline and the formation of a new low. Potential lower targets are $348.00 and $346.00 levels. We hope for renewed support in the EMA 200 moving average and the $342.00 level zone.

 

The post Stellar and Bitcoin Cash: Stellar pressures the weekly high appeared first on FinanceBrokerage.

0
FacebookTwitterGoogle +Pinterest
previous post
Stellar and Bitcoin Cash: Stellar pressures the weekly high
next post
Stellar and Bitcoin Cash: Stellar pressures the weekly high

You may also like

Novartis (NVS) Stock: A Comprehensive Guide for Investors

August 23, 2024

SOUN Stock is Soaring By 1.64%. Will It...

August 27, 2024

EURUSD and GBPUSD: The second part of the...

October 25, 2024

Disney+ Terms Cited to Block Allergy Death Lawsuit

August 15, 2024

AUDUSD and AUDNZD: AUDUSD is making new high...

September 16, 2024

Oil and natural gas: oil makes an impulse...

September 2, 2024

Reserve Bank of India Holds Rates Steady

August 8, 2024

GGP Share Price Continues Decline. Will It Recover...

August 7, 2024

Trade Surplus: Key Insights and Impacts on Currency

August 30, 2024

USDCAD and USDCNH: USDCAD continues to slide to...

August 22, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Plane crashes at airport in western Indian city of Ahmedabad

      June 12, 2025
    • Democrat Congresswoman draws boos over ‘shameful’ sexism remark in committee hearing with Treasury Secretary

      June 12, 2025
    • Trump says he is open to extending trade deal deadline for other countries: ‘I would’

      June 12, 2025
    • People in Gaza are thanking Trump for aid, leader of US-backed group says

      June 12, 2025
    • U.S. online stores put up ‘out of stock’ signs as Nintendo Switch 2 sales hit record highs

      June 12, 2025
    • Gaza Humanitarian Foundation says Hamas attack has killed multiple aid workers

      June 12, 2025

    Categories

    • Business (671)
    • Investing (661)
    • Politics (4,452)
    • World News (2,999)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 WhaleLargeCapital.com | All Rights Reserved