Bitcoin Cash Intraday: the upside prevails as long as 306.5 is support
Sep 18, 2024 7:49 PM
the upside prevails as long as 306.5 is support.
Our pivot point stands at 306.5.
Our preference:
the upside prevails as long as 306.5 is support.
Alternative scenario:
the downside breakout of 306.5 would call for 298.5 and 293.7.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 310.8 and 312.6).
Supports and resistances:
338.2 **
333.4 *
328.6 **
323.7
312.9 last
309.7
306.5 **
298.5 *
293.7 **
Our preference:
the upside prevails as long as 306.5 is support.
Alternative scenario:
the downside breakout of 306.5 would call for 298.5 and 293.7.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 310.8 and 312.6).
Supports and resistances:
338.2 **
333.4 *
328.6 **
323.7
312.9 last
309.7
306.5 **
298.5 *
293.7 **
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