Bitcoin Cash Intraday: the upside prevails as long as 501.6 is support
Nov 29, 2024 2:02 PM
the upside prevails as long as 501.6 is support.
Our pivot point is at 501.6.
Our preference:
the upside prevails as long as 501.6 is support.
Alternative scenario:
below 501.6, expect 486.6 and 477.7.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 508.4 and 508.3).
Supports and resistances:
558.2 **
549.3 *
540.3 **
531.4
513.5 last
507.5
501.6 **
486.6 *
477.7 **
Our preference:
the upside prevails as long as 501.6 is support.
Alternative scenario:
below 501.6, expect 486.6 and 477.7.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 508.4 and 508.3).
Supports and resistances:
558.2 **
549.3 *
540.3 **
531.4
513.5 last
507.5
501.6 **
486.6 *
477.7 **
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