Bitcoin Cash Intraday: the upside prevails as long as 505.5 is support
Bitcoin Cash (BCH/USD)
+0.70+0.13%
the upside prevails as long as 505.5 is support.
Our pivot point stands at 505.5.
Our preference: the upside prevails as long as 505.5 is support.
Alternative scenario: the downside breakout of 505.5 would call for 490.3 and 481.3.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 514.9 and 513.2).
Supports and resistances:
564.8 **
555.7 *
546.7 **
537.7
519.3 last
511.4
505.5 **
490.3 *
481.3 **
Our preference: the upside prevails as long as 505.5 is support.
Alternative scenario: the downside breakout of 505.5 would call for 490.3 and 481.3.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 514.9 and 513.2).
Supports and resistances:
564.8 **
555.7 *
546.7 **
537.7
519.3 last
511.4
505.5 **
490.3 *
481.3 **
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