Bitcoin Cash / Dollar intraday: the RSI is oversold

Trading Central 2021-02-22 22:52:04

Our pivot point stands at 619.70.

Our preference: the downside prevails as long as 619.70 is resistance.

Alternative scenario: above 619.70, look for 644.80 and 659.80.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 657.50 and 685.70). Finally, the Bitcoin Cash / Dollar is trading below its lower Bollinger band (standing at 591.70).

Supports and resistances:

659.80 **

644.80 *

619.70 **


591.25 last


527.30 **

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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