Bitcoin Cash Intraday: below its lower Bollinger band
Bitcoin Cash (BCH/USD)
-0.88-0.18%
target 459.2.
Our pivot point stands at 487.4.
Our preference: target 459.2.
Alternative scenario: the upside breakout of 487.4, would call for 498.3 and 504.8.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (481.8) but above its 50 period moving average (477.7). Finally, the Bitcoin Cash / Dollar is trading below its lower Bollinger band (standing at 478.8).
Supports and resistances:
504.8 **
498.3 *
487.4 **
483.2
478.6 last
465.7
459.2 **
452.7 *
446.2 **
Our preference: target 459.2.
Alternative scenario: the upside breakout of 487.4, would call for 498.3 and 504.8.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (481.8) but above its 50 period moving average (477.7). Finally, the Bitcoin Cash / Dollar is trading below its lower Bollinger band (standing at 478.8).
Supports and resistances:
504.8 **
498.3 *
487.4 **
483.2
478.6 last
465.7
459.2 **
452.7 *
446.2 **
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