Bitcoin Cash Intraday: the downside prevails as long as 555.5 is resistance
Bitcoin Cash (BCH/USD)
-0.20-0.04%
the downside prevails as long as 555.5 is resistance.
555.5 is our pivot point.
Our preference: the downside prevails as long as 555.5 is resistance.
Alternative scenario: above 555.5, look for 567.8 and 575.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 550.9 and 549).
Supports and resistances:
575.0 **
567.8 *
555.5 **
550.7
544.8 last
530.2
523.0 **
515.7 *
508.5 **
Our preference: the downside prevails as long as 555.5 is resistance.
Alternative scenario: above 555.5, look for 567.8 and 575.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 550.9 and 549).
Supports and resistances:
575.0 **
567.8 *
555.5 **
550.7
544.8 last
530.2
523.0 **
515.7 *
508.5 **
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