Bitcoin Cash Intraday: the downside prevails as long as 474 is resistance
Bitcoin Cash (BCH/USD)
-7.17-1.53%
the downside prevails as long as 474 is resistance.
Our pivot point stands at 474.0.
Our preference: the downside prevails as long as 474 is resistance.
Alternative scenario: above 474, look for 487.5 and 495.5.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 465.6 and 467.7).
Supports and resistances:
495.5 **
487.5 *
474.0 **
463.4 last
447.4
439.4 **
431.4 *
Our preference: the downside prevails as long as 474 is resistance.
Alternative scenario: above 474, look for 487.5 and 495.5.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 465.6 and 467.7).
Supports and resistances:
495.5 **
487.5 *
474.0 **
463.4 last
447.4
439.4 **
431.4 *
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