Bitcoin Cash Intraday: the downside prevails as long as 380.6 is resistance
Nov 7, 2024 2:01 PM
the downside prevails as long as 380.6 is resistance.
Our pivot point stands at 380.6.
Our preference:
the downside prevails as long as 380.6 is resistance.
Alternative scenario:
the upside breakout of 380.6, would call for 388.6 and 393.3.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 376.3 and 375.6).
Supports and resistances:
393.3 **
388.6 *
380.6 **
377.5
374.2 last
364.7
360.0 **
355.3 *
350.5 **
Our preference:
the downside prevails as long as 380.6 is resistance.
Alternative scenario:
the upside breakout of 380.6, would call for 388.6 and 393.3.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 376.3 and 375.6).
Supports and resistances:
393.3 **
388.6 *
380.6 **
377.5
374.2 last
364.7
360.0 **
355.3 *
350.5 **
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