Bitcoin Cash Intraday: below its lower Bollinger band
Bitcoin Cash (BCH/USD)
-16.24-2.86%
the downside prevails as long as 577.6 is resistance.
577.6 is our pivot point.
Our preference: the downside prevails as long as 577.6 is resistance.
Alternative scenario: the upside breakout of 577.6, would call for 590 and 597.4.
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 569.6 and 567.3). Finally, the Bitcoin Cash / Dollar is trading below its lower Bollinger band (standing at 565.2).
Supports and resistances:
597.4 **
590.0 *
577.6 **
572.7
564.2 last
548.5
541.2 **
533.8 *
526.5 **
Our preference: the downside prevails as long as 577.6 is resistance.
Alternative scenario: the upside breakout of 577.6, would call for 590 and 597.4.
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 569.6 and 567.3). Finally, the Bitcoin Cash / Dollar is trading below its lower Bollinger band (standing at 565.2).
Supports and resistances:
597.4 **
590.0 *
577.6 **
572.7
564.2 last
548.5
541.2 **
533.8 *
526.5 **
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