Bitcoin Cash Intraday: the upside prevails as long as 506.8 is support
Bitcoin Cash (BCH/USD)
-19.91-4.35%
the upside prevails as long as 506.8 is support.
Our pivot point is at 506.8.
Our preference: the upside prevails as long as 506.8 is support.
Alternative scenario: below 506.8, expect 491.6 and 482.6.
Comment: the RSI is above its neutrality area at 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 514.5 and 511.2).
Supports and resistances:
564.7 **
555.7 *
546.6 **
537.6
519.0 last
512.8
506.8 **
491.6 *
482.6 **
Our preference: the upside prevails as long as 506.8 is support.
Alternative scenario: below 506.8, expect 491.6 and 482.6.
Comment: the RSI is above its neutrality area at 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 514.5 and 511.2).
Supports and resistances:
564.7 **
555.7 *
546.6 **
537.6
519.0 last
512.8
506.8 **
491.6 *
482.6 **
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