Bitcoin Cash Intraday: the downside prevails as long as 223.8 is resistance
Bitcoin Cash (BCH/USD)
+1.29+0.62%
the downside prevails as long as 223.8 is resistance.
Our pivot point is at 223.8.
Our preference: the downside prevails as long as 223.8 is resistance.
Alternative scenario: the upside breakout of 223.8, would call for 230 and 233.7.
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 is trading under both its 20 and 50 period moving average (respectively at 219.4 and 219.8).
Supports and resistances:
233.7 **
230.0 *
223.8 **
218.9 last
211.5
207.8 **
204.1 *
Our preference: the downside prevails as long as 223.8 is resistance.
Alternative scenario: the upside breakout of 223.8, would call for 230 and 233.7.
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 is trading under both its 20 and 50 period moving average (respectively at 219.4 and 219.8).
Supports and resistances:
233.7 **
230.0 *
223.8 **
218.9 last
211.5
207.8 **
204.1 *
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