Bitcoin Cash / Dollar intraday: the downside preva

Bitcoin Cash / Dollar intraday: the downside prevails as long as 588.10 is resistance

BCHUSD

Trading Central 2021-02-23 15:30:24

Our pivot point stands at 588.10.

Our preference: the downside prevails as long as 588.10 is resistance.

Alternative scenario: above 588.10, look for 611.90 and 626.10.

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 595.90 and 619.60).

Supports and resistances:

626.10 **

611.90 *

588.10 **

578.80

563.40 last

527.40

513.60 **

Disclaimer

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