Bitcoin Cash Intraday: the upside prevails as long as 512.2 is support
Bitcoin Cash (BCH/USD)
-1.79-0.33%
the upside prevails as long as 512.2 is support.
Our pivot point stands at 512.2.
Our preference: the upside prevails as long as 512.2 is support.
Alternative scenario: the downside breakout of 512.2 would call for 502.3 and 496.4.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 505.6 and 516.6).
Supports and resistances:
550.8 **
544.9 *
539.0 **
533.1
520.3 last
516.1
512.2 **
502.3 *
496.4 **
Our preference: the upside prevails as long as 512.2 is support.
Alternative scenario: the downside breakout of 512.2 would call for 502.3 and 496.4.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 505.6 and 516.6).
Supports and resistances:
550.8 **
544.9 *
539.0 **
533.1
520.3 last
516.1
512.2 **
502.3 *
496.4 **
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