Bitcoin Cash Intraday: as long as 335.9 is support look for 359
Sep 19, 2024 6:47 AM
as long as 335.9 is support look for 359.
Our pivot point is at 335.9.
Our preference:
as long as 335.9 is support look for 359.
Alternative scenario:
below 335.9, expect 327.0 and 321.8.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 335.4 and 321.1).
Supports and resistances:
369.6 **
364.3 *
359.0 **
353.8
342.9 last
339.3
335.9 **
327.0 *
321.8 **
Our preference:
as long as 335.9 is support look for 359.
Alternative scenario:
below 335.9, expect 327.0 and 321.8.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 335.4 and 321.1).
Supports and resistances:
369.6 **
364.3 *
359.0 **
353.8
342.9 last
339.3
335.9 **
327.0 *
321.8 **
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Related Instruments
Bitcoin Cash
337.90
-1.50
-0.44%