Bitcoin Cash Intraday: the downside prevails as long as 480 is resistance
May 8, 2024 04:41
Bitcoin Cash (BCH/USD)
10.6+2.23%
the downside prevails as long as 480 is resistance.
Our pivot point is at 480.0.
Our preference: the downside prevails as long as 480 is resistance.
Alternative scenario: the upside breakout of 480, would call for 494.7 and 503.5.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 472.1 and 476.5).
Supports and resistances:
503.5 **
494.7 *
480.0 **
474.3
468.5 last
451.0
442.2 **
433.5 *
424.7 **
Our preference: the downside prevails as long as 480 is resistance.
Alternative scenario: the upside breakout of 480, would call for 494.7 and 503.5.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 472.1 and 476.5).
Supports and resistances:
503.5 **
494.7 *
480.0 **
474.3
468.5 last
451.0
442.2 **
433.5 *
424.7 **
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