Bitcoin Cash Intraday: the downside prevails as long as 309.3 is resistance

Bitcoin Cash (BCH/USD)
+5.39+1.83%
the downside prevails as long as 309.3 is resistance.
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Our pivot point is at 309.3.

Our preference: the downside prevails as long as 309.3 is resistance.

Alternative scenario: above 309.3, look for 318.5 and 324.

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 303.1 and 304.7).

Supports and resistances:
324.0 **
318.5 *
309.3 **
305.6
302.0 last
290.3
284.9 **
279.4 *
273.9 **

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.
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