Bitcoin Cash Intraday: rebound towards 626.8
Bitcoin Cash (BCH/USD)
+1.08+0.18%
rebound towards 626.8.
Our pivot point stands at 590.4.
Our preference: rebound towards 626.8.
Alternative scenario: below 590.4, expect 576.7 and 568.6.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 601.5 and 602.4).
Supports and resistances:
643.2 **
635.0 *
626.8 **
618.7
601.1 last
595.8
590.4 **
576.7 *
568.6 **
Our preference: rebound towards 626.8.
Alternative scenario: below 590.4, expect 576.7 and 568.6.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 601.5 and 602.4).
Supports and resistances:
643.2 **
635.0 *
626.8 **
618.7
601.1 last
595.8
590.4 **
576.7 *
568.6 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
