Bitcoin Cash Intraday: as long as 531.2 is support look for 569.6
Bitcoin Cash (BCH/USD)
+0.20+0.04%
as long as 531.2 is support look for 569.6.
Our pivot point is at 531.2.
Our preference: as long as 531.2 is support look for 569.6.
Alternative scenario: the downside breakout of 531.2 would call for 516.3 and 507.4.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (544.2) but above its 50 period moving average (539.3).
Supports and resistances:
587.4 **
578.5 *
569.6 **
560.7
542.9 last
537.1
531.2 **
516.3 *
507.4 **
Our preference: as long as 531.2 is support look for 569.6.
Alternative scenario: the downside breakout of 531.2 would call for 516.3 and 507.4.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (544.2) but above its 50 period moving average (539.3).
Supports and resistances:
587.4 **
578.5 *
569.6 **
560.7
542.9 last
537.1
531.2 **
516.3 *
507.4 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
