Bitcoin Intraday: the downside prevails as long as 59310 is resistance
Aug 12, 2024 3:05 AM
the downside prevails as long as 59310 is resistance.
59310 is our pivot point.
Our preference: the downside prevails as long as 59310 is resistance.
Alternative scenario: above 59310, look for 60170 and 60690.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59172 and 60200).
Supports and resistances:
60690 **
60170 *
59310 **
58970
58447 last
57340
56830 **
56320 *
55810 **
Our preference: the downside prevails as long as 59310 is resistance.
Alternative scenario: above 59310, look for 60170 and 60690.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59172 and 60200).
Supports and resistances:
60690 **
60170 *
59310 **
58970
58447 last
57340
56830 **
56320 *
55810 **
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