Bitcoin Cash Intraday: the RSI is overbought

Our pivot point stands at 320.2.
Our preference:
the upside prevails as long as 320.2 is support.
Alternative scenario:
the downside breakout of 320.2 would call for 311.7 and 306.7.
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 above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 313.7 and 313.2). Finally, the Bitcoin Cash / Dollar has crossed above its upper Bollinger band (324.1).
Supports and resistances:
353.6 **
348.5 *
343.5 **
338.5
326.8 last
323.5
320.2 **
311.7 *
306.7 **