Bitcoin Cash Intraday: the downside prevails as long as 465.7 is resistance
Dec 26, 2024 5:04 AM
the downside prevails as long as 465.7 is resistance.
Our pivot point stands at 465.7.
Our preference:
the downside prevails as long as 465.7 is resistance.
Alternative scenario:
the upside breakout of 465.7, would call for 479.9 and 488.4.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 459.9 and 462).
Supports and resistances:
488.4 **
479.9 *
465.7 **
460.1
454.2 last
436.6
428.1 **
419.7 *
411.2 **
Our preference:
the downside prevails as long as 465.7 is resistance.
Alternative scenario:
the upside breakout of 465.7, would call for 479.9 and 488.4.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 459.9 and 462).
Supports and resistances:
488.4 **
479.9 *
465.7 **
460.1
454.2 last
436.6
428.1 **
419.7 *
411.2 **
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