Bitcoin Cash Intraday: Expect 270.9

Bitcoin Cash (BCH/USD)
-6.07-2.24%
The downside prevails as long as 287.1 is resistance, with 270.9 and 267.8 as targets
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Our pivot point is at 287.1.

Our preference: The downside prevails as long as 287.1 is resistance, with 270.9 and 267.8 as targets

Alternative scenario: above 287.1, look for 292.4 and 295.6.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 282.2 and 282.7).

Supports and resistances:
295.6 **
292.4 *
287.1 **
277.0 last
270.9
267.8 **
264.7 *

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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