Bitcoin Intraday: the upside prevails as long as 60220 is support
Aug 22, 2024 12:05 AM
the upside prevails as long as 60220 is support.
Our pivot point is at 60220.
Our preference: the upside prevails as long as 60220 is support.
Alternative scenario: the downside breakout of 60220 would call for 58990 and 58260.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60647 and 59898).
Supports and resistances:
64890 **
64160 *
63430 **
62690
61218 last
60700
60220 **
58990 *
58260 **
Our preference: the upside prevails as long as 60220 is support.
Alternative scenario: the downside breakout of 60220 would call for 58990 and 58260.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60647 and 59898).
Supports and resistances:
64890 **
64160 *
63430 **
62690
61218 last
60700
60220 **
58990 *
58260 **
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