Bitcoin Cash Intraday: the downside prevails as long as 483.3 is resistance
May 8, 2024 00:48
Bitcoin Cash (BCH/USD)
10+2.11%
the downside prevails as long as 483.3 is resistance.
Our pivot point is at 483.3.
Our preference: the downside prevails as long as 483.3 is resistance.
Alternative scenario: the upside breakout of 483.3, would call for 498.1 and 506.9.
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 480.2 and 477.9).
Supports and resistances:
506.9 **
498.1 *
483.3 **
477.5
471.7 last
453.1
444.3 **
435.5 *
426.7 **
Our preference: the downside prevails as long as 483.3 is resistance.
Alternative scenario: the upside breakout of 483.3, would call for 498.1 and 506.9.
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 480.2 and 477.9).
Supports and resistances:
506.9 **
498.1 *
483.3 **
477.5
471.7 last
453.1
444.3 **
435.5 *
426.7 **
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