Bitcoin Cash Short Term: the upside prevails as long as 292.8 is support

Oct 1, 2024 10:05 AM

the upside prevails as long as 292.8 is support.

Our pivot point is at 292.8.
Our preference:
the upside prevails as long as 292.8 is support.
Alternative scenario:
the downside breakout of 292.8 would call for 237.4 and 204.4.
Comment:
the RSI is above its neutrality area at 50. 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 338.1 and 333.4).
Supports and resistances:
517.7 **
483.6 *
449.6 **
415.5
345.0 last
314.6
292.8 **
237.4 *
204.4 **

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.

Related Instruments