Bitcoin Cash / Dollar intraday: as long as 551 is support look for 589.4

Our pivot point stands at 551.0.

Our preference: as long as 551 is support look for 589.4.

Alternative scenario: below 551.0, expect 536.6 and 527.9.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (565.5) but above its 50 period moving average (554.4).

Supports and resistances:

606.7 **

598.0 *

589.4 **

580.8

563.5 last

556.7

551.0 **