Bitcoin Cash Intraday: rebound towards 517.9

May 24, 2024 00:29
Bitcoin Cash (BCH/USD)
rebound towards 517.9.
Our pivot point is at 477.8.

Our preference: rebound towards 517.9.

Alternative scenario: below 477.8, expect 462.4 and 453.3.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (488.1) but below its 50 period moving average (499).

Supports and resistances:
536.2 **
527.1 *
517.9 **
489.9 last
477.8 **
462.4 *
453.3 **

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