Bitcoin Cash Intraday: the upside prevails as long as 545 is support
Bitcoin Cash (BCH/USD)
-17.44-3.16%
the upside prevails as long as 545 is support.
Our pivot point stands at 545.0.
Our preference: the upside prevails as long as 545 is support.
Alternative scenario: the downside breakout of 545 would call for 533.6 and 526.8.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 551.4 and 549.5).
Supports and resistances:
589.7 **
582.9 *
576.1 **
569.3
554.1 last
549.5
545.0 **
533.6 *
526.8 **
Our preference: the upside prevails as long as 545 is support.
Alternative scenario: the downside breakout of 545 would call for 533.6 and 526.8.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 551.4 and 549.5).
Supports and resistances:
589.7 **
582.9 *
576.1 **
569.3
554.1 last
549.5
545.0 **
533.6 *
526.8 **
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