Bitcoin Cash Intraday: the upside prevails as long as 501.6 is support
Bitcoin Cash (BCH/USD)
+55.60+12.66%
the upside prevails as long as 501.6 is support.
Our pivot point is at 501.6.
Our preference: the upside prevails as long as 501.6 is support.
Alternative scenario: below 501.6, expect 487.4 and 479.0.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 486.7 and 460.2).
Supports and resistances:
560.1 **
551.6 *
543.1 **
534.6
517.6 last
507.1
501.6 **
487.4 *
479.0 **
Our preference: the upside prevails as long as 501.6 is support.
Alternative scenario: below 501.6, expect 487.4 and 479.0.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 486.7 and 460.2).
Supports and resistances:
560.1 **
551.6 *
543.1 **
534.6
517.6 last
507.1
501.6 **
487.4 *
479.0 **
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