Bitcoin Cash Intraday: the downside prevails as long as 603.6 is resistance
Bitcoin Cash (BCH/USD)
-16.54-2.75%
the downside prevails as long as 603.6 is resistance.
Our pivot point is at 603.6.
Our preference: the downside prevails as long as 603.6 is resistance.
Alternative scenario: the upside breakout of 603.6, would call for 615.4 and 622.4.
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 600.5 and 602).
Supports and resistances:
622.4 **
615.4 *
603.6 **
599.0
593.7 last
579.7
572.7 **
565.7 *
558.8 **
Our preference: the downside prevails as long as 603.6 is resistance.
Alternative scenario: the upside breakout of 603.6, would call for 615.4 and 622.4.
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 600.5 and 602).
Supports and resistances:
622.4 **
615.4 *
603.6 **
599.0
593.7 last
579.7
572.7 **
565.7 *
558.8 **
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