Bitcoin Cash Intraday: above its upper Bollinger band
Dec 5, 2024 7:48 AM
the upside prevails as long as 593 is support.
Our pivot point is at 593.0.
Our preference:
the upside prevails as long as 593 is support.
Alternative scenario:
the downside breakout of 593 would call for 575.7 and 565.4.
Comment:
the RSI is above 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 585.4 and 575.2). Finally, the Bitcoin Cash / Dollar has crossed above its upper Bollinger band (614.5).
Supports and resistances:
683.5 **
672.8 *
662.1 **
651.4
618.0 last
599.8
593.0 **
575.7 *
565.4 **
Our preference:
the upside prevails as long as 593 is support.
Alternative scenario:
the downside breakout of 593 would call for 575.7 and 565.4.
Comment:
the RSI is above 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 585.4 and 575.2). Finally, the Bitcoin Cash / Dollar has crossed above its upper Bollinger band (614.5).
Supports and resistances:
683.5 **
672.8 *
662.1 **
651.4
618.0 last
599.8
593.0 **
575.7 *
565.4 **
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