Bitcoin Intraday: the downside prevails as long as 64660 is resistance
Aug 26, 2024 1:02 PM
the downside prevails as long as 64660 is resistance.
Our pivot point is at 64660.
Our preference:
the downside prevails as long as 64660 is resistance.
Alternative scenario:
above 64660, look for 65930 and 66700.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63855 and 64063).
Supports and resistances:
66700 **
65930 *
64660 **
64160
63654 last
62130
61370 **
60610 *
59850 **
Our preference:
the downside prevails as long as 64660 is resistance.
Alternative scenario:
above 64660, look for 65930 and 66700.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63855 and 64063).
Supports and resistances:
66700 **
65930 *
64660 **
64160
63654 last
62130
61370 **
60610 *
59850 **
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