Bitcoin Cash Intraday: the upside prevails as long as 586.5 is support
Bitcoin Cash (BCH/USD)
+15.44+2.61%
the upside prevails as long as 586.5 is support.
Our pivot point is at 586.5.
Our preference: the upside prevails as long as 586.5 is support.
Alternative scenario: below 586.5, expect 570.2 and 560.4.
Comment: the RSI is above 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 598.3 and 600.2).
Supports and resistances:
651.0 **
641.2 *
631.4 **
621.6
600.5 last
593.0
586.5 **
570.2 *
560.4 **
Our preference: the upside prevails as long as 586.5 is support.
Alternative scenario: below 586.5, expect 570.2 and 560.4.
Comment: the RSI is above 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 598.3 and 600.2).
Supports and resistances:
651.0 **
641.2 *
631.4 **
621.6
600.5 last
593.0
586.5 **
570.2 *
560.4 **
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