Bitcoin Intraday: the upside prevails as long as 56410 is support
Aug 8, 2024 7:32 AM
the upside prevails as long as 56410 is support.
Our pivot point stands at 56410.
Our preference: the upside prevails as long as 56410 is support.
Alternative scenario: the downside breakout of 56410 would call for 55570 and 55070.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56272 and 56365).
Supports and resistances:
59680 **
59180 *
58680 **
58180
57175 last
56740
56410 **
55570 *
55070 **
Our preference: the upside prevails as long as 56410 is support.
Alternative scenario: the downside breakout of 56410 would call for 55570 and 55070.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56272 and 56365).
Supports and resistances:
59680 **
59180 *
58680 **
58180
57175 last
56740
56410 **
55570 *
55070 **
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