Bitcoin Cash Short Term: the upside prevails as long as 505.9 is support
Bitcoin Cash (BCH/USD)
-0.12-0.02%
the upside prevails as long as 505.9 is support.
Our pivot point is at 505.9.
Our preference: the upside prevails as long as 505.9 is support.
Alternative scenario: the downside breakout of 505.9 would call for 413 and 357.6.
Comment: the RSI is above 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 573.1 and 569.1).
Supports and resistances:
872.8 **
816.3 *
759.9 **
703.4
586.9 last
542.5
505.9 **
413.0 *
357.6 **
Our preference: the upside prevails as long as 505.9 is support.
Alternative scenario: the downside breakout of 505.9 would call for 413 and 357.6.
Comment: the RSI is above 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 573.1 and 569.1).
Supports and resistances:
872.8 **
816.3 *
759.9 **
703.4
586.9 last
542.5
505.9 **
413.0 *
357.6 **
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