Bitcoin Cash Intraday: target 362.1
Nov 7, 2024 9:45 AM
target 362.1.
Our pivot point is at 382.8.
Our preference:
target 362.1.
Alternative scenario:
above 382.8, look for 390.8 and 395.5.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (378.6) but above its 50 period moving average (374.7).
Supports and resistances:
395.5 **
390.8 *
382.8 **
379.6
376.5 last
366.9
362.1 **
357.4 *
352.6 **
Our preference:
target 362.1.
Alternative scenario:
above 382.8, look for 390.8 and 395.5.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (378.6) but above its 50 period moving average (374.7).
Supports and resistances:
395.5 **
390.8 *
382.8 **
379.6
376.5 last
366.9
362.1 **
357.4 *
352.6 **
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