Bitcoin Cash Intraday: the downside prevails as long as 325.9 is resistance
Bitcoin Cash (BCH/USD)
+11.20+2.54%
the downside prevails as long as 325.9 is resistance.
Our pivot point is at 325.9.
Our preference: the downside prevails as long as 325.9 is resistance.
Alternative scenario: above 325.9, look for 333.5 and 338.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 322.5 and 323.5).
Supports and resistances:
338.0 **
333.5 *
325.9 **
322.9
319.7 last
310.7
306.1 **
301.6 *
297.1 **
Our preference: the downside prevails as long as 325.9 is resistance.
Alternative scenario: above 325.9, look for 333.5 and 338.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 322.5 and 323.5).
Supports and resistances:
338.0 **
333.5 *
325.9 **
322.9
319.7 last
310.7
306.1 **
301.6 *
297.1 **
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