Bitcoin Cash Intraday: the downside prevails as long as 475.4 is resistance
Bitcoin Cash (BCH/USD)
+2.17+0.47%
the downside prevails as long as 475.4 is resistance.
475.4 is our pivot point.
Our preference: the downside prevails as long as 475.4 is resistance.
Alternative scenario: the upside breakout of 475.4, would call for 490 and 498.7.
Comment: the RSI is below 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 466 and 466.5).
Supports and resistances:
498.7 **
490.0 *
475.4 **
469.7
464.0 last
446.6
438.0 **
429.3 *
420.7 **
Our preference: the downside prevails as long as 475.4 is resistance.
Alternative scenario: the upside breakout of 475.4, would call for 490 and 498.7.
Comment: the RSI is below 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 466 and 466.5).
Supports and resistances:
498.7 **
490.0 *
475.4 **
469.7
464.0 last
446.6
438.0 **
429.3 *
420.7 **
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