Bitcoin Cash Intraday: the downside prevails as long as 324.6 is resistance
Bitcoin Cash (BCH/USD)
+6.88+2.07%
the downside prevails as long as 324.6 is resistance.
Our pivot point stands at 324.6.
Our preference: the downside prevails as long as 324.6 is resistance.
Alternative scenario: the upside breakout of 324.6, would call for 332.8 and 337.7.
Comment: the RSI is below its neutrality area at 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 327.5 and 326).
Supports and resistances:
337.7 **
332.8 *
324.6 **
321.3
318.0 last
307.5
302.6 **
297.7 *
292.8 **
Our preference: the downside prevails as long as 324.6 is resistance.
Alternative scenario: the upside breakout of 324.6, would call for 332.8 and 337.7.
Comment: the RSI is below its neutrality area at 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 327.5 and 326).
Supports and resistances:
337.7 **
332.8 *
324.6 **
321.3
318.0 last
307.5
302.6 **
297.7 *
292.8 **
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