Bitcoin Cash Intraday: the downside prevails as long as 601.5 is resistance
Bitcoin Cash (BCH/USD)
+8.77+1.50%
the downside prevails as long as 601.5 is resistance.
Our pivot point is at 601.5.
Our preference: the downside prevails as long as 601.5 is resistance.
Alternative scenario: above 601.5, look for 615.2 and 623.3.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 593.4 and 593.2).
Supports and resistances:
623.3 **
615.2 *
601.5 **
596.1
590.7 last
574.4
566.3 **
558.1 *
550.0 **
Our preference: the downside prevails as long as 601.5 is resistance.
Alternative scenario: above 601.5, look for 615.2 and 623.3.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 593.4 and 593.2).
Supports and resistances:
623.3 **
615.2 *
601.5 **
596.1
590.7 last
574.4
566.3 **
558.1 *
550.0 **
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