Bitcoin Cash Intraday: rebound towards 517.9

May 24, 2024 00:29
Bitcoin Cash (BCH/USD)
-6.56-1.68%
rebound towards 517.9.
image
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 **
508.7
489.9 last
483.8
477.8 **
462.4 *
453.3 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
goTop
quote