Bitcoin Cash Intraday: the downside prevails as long as 485.3 is resistance
Apr 27, 2024 07:11
Bitcoin Cash (BCH/USD)
-3.2-0.72%
the downside prevails as long as 485.3 is resistance.
Our pivot point stands at 485.3.
Our preference: the downside prevails as long as 485.3 is resistance.
Alternative scenario: above 485.3, look for 500.2 and 509.
Comment: the RSI is below 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 477.8 and 480.5).
Supports and resistances:
509.0 **
500.2 *
485.3 **
479.5
473.0 last
454.6
445.8 **
437.0 *
428.2 **
Our preference: the downside prevails as long as 485.3 is resistance.
Alternative scenario: above 485.3, look for 500.2 and 509.
Comment: the RSI is below 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 477.8 and 480.5).
Supports and resistances:
509.0 **
500.2 *
485.3 **
479.5
473.0 last
454.6
445.8 **
437.0 *
428.2 **
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