Bitcoin Cash Intraday: as long as 590.9 is support look for 635.5
Bitcoin Cash (BCH/USD)
+4.08+0.69%
as long as 590.9 is support look for 635.5.
Our pivot point stands at 590.9.
Our preference: as long as 590.9 is support look for 635.5.
Alternative scenario: the downside breakout of 590.9 would call for 574.4 and 564.6.
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 605 and 598.6).
Supports and resistances:
655.2 **
645.4 *
635.5 **
625.6
605.4 last
597.4
590.9 **
574.4 *
564.6 **
Our preference: as long as 590.9 is support look for 635.5.
Alternative scenario: the downside breakout of 590.9 would call for 574.4 and 564.6.
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 605 and 598.6).
Supports and resistances:
655.2 **
645.4 *
635.5 **
625.6
605.4 last
597.4
590.9 **
574.4 *
564.6 **
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