Bitcoin Intraday: the downside prevails as long as 57840 is resistance
Jul 5, 2024 2:44 AM
the downside prevails as long as 57840 is resistance.
Our pivot point stands at 57840.
Our preference: the downside prevails as long as 57840 is resistance.
Alternative scenario: above 57840, look for 58650 and 59130.
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 57896 and 58004).
Supports and resistances:
59130 **
58650 *
57840 **
57520
57090 last
56050
55570 **
55090 *
54600 **
Our preference: the downside prevails as long as 57840 is resistance.
Alternative scenario: above 57840, look for 58650 and 59130.
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 57896 and 58004).
Supports and resistances:
59130 **
58650 *
57840 **
57520
57090 last
56050
55570 **
55090 *
54600 **
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