Bitcoin Cash Short Term: target 418.6
Bitcoin Cash (BCH/USD)
+1.70+0.39%
target 418.6.
Our pivot point is at 709.9.
Our preference: target 418.6.
Alternative scenario: above 709.9, look for 817.8 and 882.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (620.6) but above its 50 period moving average (587.4).
Supports and resistances:
882.0 **
817.8 *
709.9 **
667.5
609.3 last
480.8
418.6 **
356.4 *
294.3 **
Our preference: target 418.6.
Alternative scenario: above 709.9, look for 817.8 and 882.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (620.6) but above its 50 period moving average (587.4).
Supports and resistances:
882.0 **
817.8 *
709.9 **
667.5
609.3 last
480.8
418.6 **
356.4 *
294.3 **
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