Bitcoin Cash Intraday: as long as 365.4 is support look for 389.4
Bitcoin Cash (BCH/USD)+9.30+3.23%
as long as 365.4 is support look for 389.4.
![image](https://resource.mistorebox.com/pmsync/images/strategy/20240726/bchusdusd240726135449.gif)
Our pivot point stands at 365.4.
Our preference: as long as 365.4 is support look for 389.4.
Alternative scenario: the downside breakout of 365.4 would call for 356.4 and 351.
Comment: the RSI is above 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 371.2 and 362.4).
Supports and resistances:
400.2 **
394.8 *
389.4 **
384.0
372.9 last
368.9
365.4 **
356.4 *
351.0 **
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