Bitcoin Short Term: the upside prevails as long as 55700 is support
Aug 27, 2024 10:05 AM
the upside prevails as long as 55700 is support.
Our pivot point stands at 55700.
Our preference:
the upside prevails as long as 55700 is support.
Alternative scenario:
below 55700, expect 46910 and 41670.
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 60670 and 62027).
Supports and resistances:
89610 **
84330 *
79050 **
73770
62616 last
59150
55700 **
46910 *
41670 **
Our preference:
the upside prevails as long as 55700 is support.
Alternative scenario:
below 55700, expect 46910 and 41670.
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 60670 and 62027).
Supports and resistances:
89610 **
84330 *
79050 **
73770
62616 last
59150
55700 **
46910 *
41670 **
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