Bitcoin Intraday: the downside prevails as long as 60190 is resistance
Aug 30, 2024 2:05 AM
the downside prevails as long as 60190 is resistance.
Our pivot point is at 60190.
Our preference:
the downside prevails as long as 60190 is resistance.
Alternative scenario:
the upside breakout of 60190, would call for 61390 and 62100.
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 59499 and 59686).
Supports and resistances:
62100 **
61390 *
60190 **
59720
59223 last
57760
57040 **
56330 *
55620 **
Our preference:
the downside prevails as long as 60190 is resistance.
Alternative scenario:
the upside breakout of 60190, would call for 61390 and 62100.
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 59499 and 59686).
Supports and resistances:
62100 **
61390 *
60190 **
59720
59223 last
57760
57040 **
56330 *
55620 **
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