Bitcoin Intraday: the upside prevails as long as 58500 is support
Aug 29, 2024 8:41 AM
the upside prevails as long as 58500 is support.
Our pivot point stands at 58500.
Our preference:
the upside prevails as long as 58500 is support.
Alternative scenario:
below 58500, expect 57290 and 56570.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59276 and 59322).
Supports and resistances:
63120 **
62400 *
61690 **
60970
59513 last
58970
58500 **
57290 *
56570 **
Our preference:
the upside prevails as long as 58500 is support.
Alternative scenario:
below 58500, expect 57290 and 56570.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59276 and 59322).
Supports and resistances:
63120 **
62400 *
61690 **
60970
59513 last
58970
58500 **
57290 *
56570 **
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