Bitcoin cash pauses 3-day bull run, finds stiff resistance at 110-EMA.
We are seeing some overbought pressures. Pullbacks possible at stiff resistance.
Cloud offers immediate support at 533, break below could see further weakness.
On the upside, breakout at 110-EMA could see test of 23.6% Fib at 745.
Support levels - 533 (cloud top), 495 (5-DMA), 450 (20-DMA)
Resistance levels - 575 (110-EMA), 659 (Sept 2nd high), 745 (23.6% Fib)
Watch out for break above 110-EMA to go long, place stops at 530, target 660/ 700/ 745.
We are seeing some overbought pressures. Pullbacks possible at stiff resistance.
Cloud offers immediate support at 533, break below could see further weakness.
On the upside, breakout at 110-EMA could see test of 23.6% Fib at 745.
Support levels - 533 (cloud top), 495 (5-DMA), 450 (20-DMA)
Resistance levels - 575 (110-EMA), 659 (Sept 2nd high), 745 (23.6% Fib)
Watch out for break above 110-EMA to go long, place stops at 530, target 660/ 700/ 745.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.