Bitcoin Intraday: as long as 56430 is support look for 58700
Aug 7, 2024 9:37 AM
as long as 56430 is support look for 58700.
Our pivot point is at 56430.
Our preference: as long as 56430 is support look for 58700.
Alternative scenario: below 56430, expect 55590 and 55090.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 56742 and 56273).
Supports and resistances:
59710 **
59210 *
58700 **
58200
57100 last
56760
56430 **
55590 *
55090 **
Our preference: as long as 56430 is support look for 58700.
Alternative scenario: below 56430, expect 55590 and 55090.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 56742 and 56273).
Supports and resistances:
59710 **
59210 *
58700 **
58200
57100 last
56760
56430 **
55590 *
55090 **
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