Bitcoin Cash / Dollar intraday: the downside prevails as long as 587 is resistance

Our pivot point stands at 587.0.

Our preference: the downside prevails as long as 587 is resistance.

Alternative scenario: the upside breakout of 587, would call for 602.6 and 611.9.

Comment: the RSI is below 50. 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 578.9 and 576.9).

Supports and resistances:

611.9 **

602.6 *

587.0 **

580.9

574.7 last

556.1

546.9 **