Bitcoin Cash Intraday: as long as 522.8 is support look for 562.8
Bitcoin Cash (BCH/USD)
+12.25+2.30%
as long as 522.8 is support look for 562.8.
Our pivot point stands at 522.8.
Our preference: as long as 522.8 is support look for 562.8.
Alternative scenario: the downside breakout of 522.8 would call for 508.1 and 499.4.
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 above its 20 and 50 period moving average (respectively at 535.6 and 535.2).
Supports and resistances:
580.3 **
571.6 *
562.8 **
554.0
536.4 last
528.6
522.8 **
508.1 *
499.4 **
Our preference: as long as 522.8 is support look for 562.8.
Alternative scenario: the downside breakout of 522.8 would call for 508.1 and 499.4.
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 above its 20 and 50 period moving average (respectively at 535.6 and 535.2).
Supports and resistances:
580.3 **
571.6 *
562.8 **
554.0
536.4 last
528.6
522.8 **
508.1 *
499.4 **
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