Bitcoin Cash / Dollar intraday: rebound towards 254.70

Trading Central 2020-11-19 01:42:06

Our pivot point is at 242.10.

Our preference: rebound towards 254.70.

Alternative scenario: below 242.10, expect 237.30 and 234.50.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 247.72 and 252.13).

Supports and resistances:

260.30 **

257.50 *

254.70 **

251.90

245.99 last

243.90

242.10 **

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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