Bitcoin Cash Intraday: the downside prevails as long as 544.9 is resistance
Bitcoin Cash (BCH/USD)
-30.19-5.53%
the downside prevails as long as 544.9 is resistance.
Our pivot point is at 544.9.
Our preference: the downside prevails as long as 544.9 is resistance.
Alternative scenario: the upside breakout of 544.9, would call for 559.6 and 568.3.
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 stands below its 20 and 50 period moving average (respectively at 537.4 and 539.5).
Supports and resistances:
568.3 **
559.6 *
544.9 **
539.1
532.1 last
514.6
505.9 **
497.2 *
488.5 **
Our preference: the downside prevails as long as 544.9 is resistance.
Alternative scenario: the upside breakout of 544.9, would call for 559.6 and 568.3.
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 stands below its 20 and 50 period moving average (respectively at 537.4 and 539.5).
Supports and resistances:
568.3 **
559.6 *
544.9 **
539.1
532.1 last
514.6
505.9 **
497.2 *
488.5 **
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