Bitcoin Intraday: the upside prevails as long as 58270 is support
Aug 31, 2024 6:47 AM
the upside prevails as long as 58270 is support.
Our pivot point stands at 58270.
Our preference:
the upside prevails as long as 58270 is support.
Alternative scenario:
the downside breakout of 58270 would call for 57070 and 56360.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 59206 and 59152).
Supports and resistances:
62820 **
62110 *
61390 **
60680
59213 last
58740
58270 **
57070 *
56360 **
Our preference:
the upside prevails as long as 58270 is support.
Alternative scenario:
the downside breakout of 58270 would call for 57070 and 56360.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 59206 and 59152).
Supports and resistances:
62820 **
62110 *
61390 **
60680
59213 last
58740
58270 **
57070 *
56360 **
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