Bitcoin Cash / Dollar intraday: the downside prevails as long as 476.40 is resistance

Trading Central 2021-01-12 22:20:05

Our pivot point is at 476.40.

Our preference: the downside prevails as long as 476.40 is resistance.

Alternative scenario: the upside breakout of 476.40, would call for 495.70 and 507.20.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 482.50 and 466.20).

Supports and resistances:

507.20 **

495.70 *

476.40 **

468.80

461.26 last

428.30

417.10 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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