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Bitcoin Cash Intraday: as long as 333.9 is support look for 356.5

Sep 19, 2024 1:01 PM
as long as 333.9 is support look for 356.5.
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Our pivot point stands at 333.9.
Our preference:
as long as 333.9 is support look for 356.5.
Alternative scenario:
the downside breakout of 333.9 would call for 325.1 and 319.9.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (344.2) but above its 50 period moving average (329.5).
Supports and resistances:
367.0 **
361.8 *
356.5 **
351.3
340.8 last
337.4
333.9 **
325.1 *
319.9 **
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.