Bitcoin Cash Intraday: rebound
Bitcoin Cash (BCH/USD)
+10.96+1.97%
rebound.
Our pivot point is at 381.3.
Our preference: rebound.
Alternative scenario: the downside breakout of 381.3 would call for 371 and 364.9.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (387.5) but under its 50 period moving average (390.7).
Supports and resistances:
421.6 **
415.4 *
409.3 **
403.1
390.3 last
385.3
381.3 **
371.0 *
364.9 **
Our preference: rebound.
Alternative scenario: the downside breakout of 381.3 would call for 371 and 364.9.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (387.5) but under its 50 period moving average (390.7).
Supports and resistances:
421.6 **
415.4 *
409.3 **
403.1
390.3 last
385.3
381.3 **
371.0 *
364.9 **
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