Bitcoin Intraday: as long as 59620 is support look for 62720
Aug 14, 2024 12:05 AM
as long as 59620 is support look for 62720.
Our pivot point stands at 59620.
Our preference: as long as 59620 is support look for 62720.
Alternative scenario: the downside breakout of 59620 would call for 58440 and 57740.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (60588) but above its 50 period moving average (59760).
Supports and resistances:
64120 **
63420 *
62720 **
62020
60545 last
60080
59620 **
58440 *
57740 **
Our preference: as long as 59620 is support look for 62720.
Alternative scenario: the downside breakout of 59620 would call for 58440 and 57740.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (60588) but above its 50 period moving average (59760).
Supports and resistances:
64120 **
63420 *
62720 **
62020
60545 last
60080
59620 **
58440 *
57740 **
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