Bitcoin cash: the upside prevails as long 375.1 is support.
The RSI is trading above 70.
This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case).
The MACD is above its signal line and positive.
The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 377.1 and 372.4).
Our preference: The upside prevails as long as 375.1 is support.
Alternative scenario: Below 375.1, expect 365.3 and 359.5.
This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case).
The MACD is above its signal line and positive.
The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 377.1 and 372.4).
Our preference: The upside prevails as long as 375.1 is support.
Alternative scenario: Below 375.1, expect 365.3 and 359.5.
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