Bitcoin Cash Intraday: the downside prevails as long as 381.9 is resistance
Jun 26, 2024 09:08
Bitcoin Cash (BCH/USD)
-4.80-1.25%
the downside prevails as long as 381.9 is resistance.
Our pivot point stands at 381.9.
Our preference: the downside prevails as long as 381.9 is resistance.
Alternative scenario: above 381.9, look for 389.4 and 393.9.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 385.4 and 385.2).
Supports and resistances:
393.9 **
389.4 *
381.9 **
378.9
375.9 last
367.0
362.5 **
358.0 *
353.5 **
Our preference: the downside prevails as long as 381.9 is resistance.
Alternative scenario: above 381.9, look for 389.4 and 393.9.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 385.4 and 385.2).
Supports and resistances:
393.9 **
389.4 *
381.9 **
378.9
375.9 last
367.0
362.5 **
358.0 *
353.5 **
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