Bitcoin Cash Intraday: the downside prevails as long as 505.4 is resistance
Bitcoin Cash (BCH/USD)
+3.09+0.64%
the downside prevails as long as 505.4 is resistance.
Our pivot point stands at 505.4.
Our preference: the downside prevails as long as 505.4 is resistance.
Alternative scenario: above 505.4, look for 517.4 and 524.5.
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 is trading under both its 20 and 50 period moving average (respectively at 502.1 and 506.1).
Supports and resistances:
524.5 **
517.4 *
505.4 **
500.7
495.6 last
481.1
474.0 **
466.9 *
459.7 **
Our preference: the downside prevails as long as 505.4 is resistance.
Alternative scenario: above 505.4, look for 517.4 and 524.5.
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 is trading under both its 20 and 50 period moving average (respectively at 502.1 and 506.1).
Supports and resistances:
524.5 **
517.4 *
505.4 **
500.7
495.6 last
481.1
474.0 **
466.9 *
459.7 **
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