Bitcoin Cash Intraday: target 320.3
Bitcoin Cash (BCH/USD)
+0.05+0.02%
target 320.3.
Our pivot point stands at 346.6.
Our preference: target 320.3.
Alternative scenario: the upside breakout of 346.6, would call for 356.7 and 362.8.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (340.9) but above its 50 period moving average (334.3).
Supports and resistances:
362.8 **
356.7 *
346.6 **
342.6
338.6 last
326.4
320.3 **
314.3 *
308.2 **
Our preference: target 320.3.
Alternative scenario: the upside breakout of 346.6, would call for 356.7 and 362.8.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (340.9) but above its 50 period moving average (334.3).
Supports and resistances:
362.8 **
356.7 *
346.6 **
342.6
338.6 last
326.4
320.3 **
314.3 *
308.2 **
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