Bitcoin Cash Intraday: the downside prevails as long as 301.9 is resistance
Bitcoin Cash (BCH/USD)
-11.55-3.92%
the downside prevails as long as 301.9 is resistance.
Our pivot point is at 301.9.
Our preference: the downside prevails as long as 301.9 is resistance.
Alternative scenario: above 301.9, look for 309.6 and 314.2.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 296.5 and 297.3).
Supports and resistances:
314.2 **
309.6 *
301.9 **
298.9
295.9 last
286.4
281.9 **
277.3 *
272.8 **
Our preference: the downside prevails as long as 301.9 is resistance.
Alternative scenario: above 301.9, look for 309.6 and 314.2.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 296.5 and 297.3).
Supports and resistances:
314.2 **
309.6 *
301.9 **
298.9
295.9 last
286.4
281.9 **
277.3 *
272.8 **
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