Bitcoin Cash Intraday: the downside prevails as long as 566.2 is resistance
Bitcoin Cash (BCH/USD)
-6.98-1.26%
the downside prevails as long as 566.2 is resistance.
Our pivot point is at 566.2.
Our preference: the downside prevails as long as 566.2 is resistance.
Alternative scenario: the upside breakout of 566.2, would call for 577.6 and 584.4.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 559.8 and 565.1).
Supports and resistances:
584.4 **
577.6 *
566.2 **
561.8
556.3 last
542.6
535.9 **
529.1 *
522.3 **
Our preference: the downside prevails as long as 566.2 is resistance.
Alternative scenario: the upside breakout of 566.2, would call for 577.6 and 584.4.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 559.8 and 565.1).
Supports and resistances:
584.4 **
577.6 *
566.2 **
561.8
556.3 last
542.6
535.9 **
529.1 *
522.3 **
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