Bitcoin Intraday: as long as 56590 is support look for 58960
Aug 7, 2024 1:53 PM
as long as 56590 is support look for 58960.
Our pivot point stands at 56590.
Our preference: as long as 56590 is support look for 58960.
Alternative scenario: the downside breakout of 56590 would call for 55750 and 55240.
Comment: the RSI is above its neutrality area at 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 57137 and 56658).
Supports and resistances:
59960 **
59460 *
58960 **
58450
57251 last
56920
56590 **
55750 *
55240 **
Our preference: as long as 56590 is support look for 58960.
Alternative scenario: the downside breakout of 56590 would call for 55750 and 55240.
Comment: the RSI is above its neutrality area at 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 57137 and 56658).
Supports and resistances:
59960 **
59460 *
58960 **
58450
57251 last
56920
56590 **
55750 *
55240 **
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