Bitcoin Cash Intraday: the downside prevails as long as 410.8 is resistance
Bitcoin Cash (BCH/USD)
+1.20+0.30%
the downside prevails as long as 410.8 is resistance.
Our pivot point stands at 410.8.
Our preference: the downside prevails as long as 410.8 is resistance.
Alternative scenario: above 410.8, look for 421.7 and 428.1.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 402.9 and 403.1).
Supports and resistances:
428.1 **
421.7 *
410.8 **
406.5
402.2 last
389.2
382.7 **
376.3 *
369.8 **
Our preference: the downside prevails as long as 410.8 is resistance.
Alternative scenario: above 410.8, look for 421.7 and 428.1.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 402.9 and 403.1).
Supports and resistances:
428.1 **
421.7 *
410.8 **
406.5
402.2 last
389.2
382.7 **
376.3 *
369.8 **
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