Bitcoin Cash Intraday: the upside prevails as long as 505.5 is support
Bitcoin Cash (BCH/USD)
-2.40-0.55%
the upside prevails as long as 505.5 is support.
Our pivot point stands at 505.5.
Our preference: the upside prevails as long as 505.5 is support.
Alternative scenario: the downside breakout of 505.5 would call for 490.3 and 481.3.
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 514.9 and 513.2).
Supports and resistances:
564.8 **
555.7 *
546.7 **
537.7
519.3 last
511.4
505.5 **
490.3 *
481.3 **
Our preference: the upside prevails as long as 505.5 is support.
Alternative scenario: the downside breakout of 505.5 would call for 490.3 and 481.3.
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 514.9 and 513.2).
Supports and resistances:
564.8 **
555.7 *
546.7 **
537.7
519.3 last
511.4
505.5 **
490.3 *
481.3 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
