Bitcoin Cash Intraday: the downside prevails as long as 585.3 is resistance
Bitcoin Cash (BCH/USD)
+0.80+0.14%
the downside prevails as long as 585.3 is resistance.
585.3 is our pivot point.
Our preference: the downside prevails as long as 585.3 is resistance.
Alternative scenario: above 585.3, look for 596.3 and 602.8.
Comment: the RSI is below its neutrality area at 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 578.6 and 583.5).
Supports and resistances:
602.8 **
596.3 *
585.3 **
581.0
576.6 last
562.6
556.1 **
549.6 *
543.0 **
Our preference: the downside prevails as long as 585.3 is resistance.
Alternative scenario: above 585.3, look for 596.3 and 602.8.
Comment: the RSI is below its neutrality area at 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 578.6 and 583.5).
Supports and resistances:
602.8 **
596.3 *
585.3 **
581.0
576.6 last
562.6
556.1 **
549.6 *
543.0 **
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