Bitcoin Cash Intraday: above its upper Bollinger band
Bitcoin Cash (BCH/USD)
+10.66+2.69%
as long as 389.4 is support look for 418.4.
Our pivot point stands at 389.4.
Our preference: as long as 389.4 is support look for 418.4.
Alternative scenario: the downside breakout of 389.4 would call for 378.6 and 372.2.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 396.4 and 392.9). Finally, the Bitcoin Cash / Dollar is trading above its upper Bollinger band (standing at 398.8).
Supports and resistances:
431.3 **
424.8 *
418.4 **
411.9
398.9 last
393.7
389.4 **
378.6 *
372.2 **
Our preference: as long as 389.4 is support look for 418.4.
Alternative scenario: the downside breakout of 389.4 would call for 378.6 and 372.2.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 396.4 and 392.9). Finally, the Bitcoin Cash / Dollar is trading above its upper Bollinger band (standing at 398.8).
Supports and resistances:
431.3 **
424.8 *
418.4 **
411.9
398.9 last
393.7
389.4 **
378.6 *
372.2 **
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