Bitcoin Cash Intraday: the upside prevails as long as 576 is support
Dec 5, 2024 5:04 AM
the upside prevails as long as 576 is support.
Our pivot point is at 576.0.
Our preference:
the upside prevails as long as 576 is support.
Alternative scenario:
the downside breakout of 576 would call for 559.1 and 549.1.
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 above its 20 and 50 period moving average (respectively at 579.4 and 572.6).
Supports and resistances:
642.6 **
632.5 *
622.5 **
612.4
589.2 last
582.6
576.0 **
559.1 *
549.1 **
Our preference:
the upside prevails as long as 576 is support.
Alternative scenario:
the downside breakout of 576 would call for 559.1 and 549.1.
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 above its 20 and 50 period moving average (respectively at 579.4 and 572.6).
Supports and resistances:
642.6 **
632.5 *
622.5 **
612.4
589.2 last
582.6
576.0 **
559.1 *
549.1 **
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