Bitcoin Cash Intraday: under pressure below 348.9
Oct 1, 2024 1:01 PM
under pressure below 348.9.
Our pivot point stands at 348.9.
Our preference:
under pressure below 348.9.
Alternative scenario:
above 348.9, look for 357 and 361.9.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 344.5 and 342.9).
Supports and resistances:
361.9 **
357.0 *
348.9 **
345.7
342.5 last
332.8
328.0 **
323.1 *
318.3 **
Our preference:
under pressure below 348.9.
Alternative scenario:
above 348.9, look for 357 and 361.9.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 344.5 and 342.9).
Supports and resistances:
361.9 **
357.0 *
348.9 **
345.7
342.5 last
332.8
328.0 **
323.1 *
318.3 **
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.
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Bitcoin Cash
445.70
-3.00
-0.67%