Bitcoin Cash Intraday: the upside prevails as long as 317.1 is support
Bitcoin Cash (BCH/USD)
+10.20+2.31%
the upside prevails as long as 317.1 is support.
317.1 is our pivot point.
Our preference: the upside prevails as long as 317.1 is support.
Alternative scenario: the downside breakout of 317.1 would call for 309.4 and 304.9.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 322.1 and 322.6).
Supports and resistances:
346.3 **
341.8 *
337.2 **
332.6
323.2 last
320.1
317.1 **
309.4 *
304.9 **
Our preference: the upside prevails as long as 317.1 is support.
Alternative scenario: the downside breakout of 317.1 would call for 309.4 and 304.9.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 322.1 and 322.6).
Supports and resistances:
346.3 **
341.8 *
337.2 **
332.6
323.2 last
320.1
317.1 **
309.4 *
304.9 **
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