Bitcoin Cash Intraday: the downside prevails as long as 478 is resistance
May 8, 2024 02:35
Bitcoin Cash (BCH/USD)
10.6+2.23%
the downside prevails as long as 478 is resistance.
478.0 is our pivot point.
Our preference: the downside prevails as long as 478 is resistance.
Alternative scenario: above 478, look for 492.7 and 501.4.
Comment: the RSI is below 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 476.1 and 477.2).
Supports and resistances:
501.4 **
492.7 *
478.0 **
472.3
466.5 last
449.1
440.4 **
431.7 *
423.0 **
Our preference: the downside prevails as long as 478 is resistance.
Alternative scenario: above 478, look for 492.7 and 501.4.
Comment: the RSI is below 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 476.1 and 477.2).
Supports and resistances:
501.4 **
492.7 *
478.0 **
472.3
466.5 last
449.1
440.4 **
431.7 *
423.0 **
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