Bitcoin Intraday: the downside prevails as long as 60330 is resistance
Aug 30, 2024 12:05 AM
the downside prevails as long as 60330 is resistance.
60330 is our pivot point.
Our preference:
the downside prevails as long as 60330 is resistance.
Alternative scenario:
the upside breakout of 60330, would call for 61530 and 62250.
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 stands below its 20 and 50 period moving average (respectively at 59825 and 59679).
Supports and resistances:
62250 **
61530 *
60330 **
59860
59356 last
57920
57210 **
56490 *
55780 **
Our preference:
the downside prevails as long as 60330 is resistance.
Alternative scenario:
the upside breakout of 60330, would call for 61530 and 62250.
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 stands below its 20 and 50 period moving average (respectively at 59825 and 59679).
Supports and resistances:
62250 **
61530 *
60330 **
59860
59356 last
57920
57210 **
56490 *
55780 **
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