Bitcoin Cash Intraday: the downside prevails as long as 225.3 is resistance
Bitcoin Cash (BCH/USD)
+0.60+0.28%
the downside prevails as long as 225.3 is resistance
Our pivot point is at 225.3.
Our preference: the downside prevails as long as 225.3 is resistance
Alternative scenario: above 225.3, look for 233.4 and 238.2.
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 219.1 and 219.5).
Supports and resistances:
238.2 **
233.4 *
225.3 **
218.8 last
208.9
204.0 **
199.2 *
Our preference: the downside prevails as long as 225.3 is resistance
Alternative scenario: above 225.3, look for 233.4 and 238.2.
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 219.1 and 219.5).
Supports and resistances:
238.2 **
233.4 *
225.3 **
218.8 last
208.9
204.0 **
199.2 *
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