Bitcoin Intraday: the downside prevails as long as 58350 is resistance
Sep 2, 2024 2:05 AM
the downside prevails as long as 58350 is resistance.
Our pivot point stands at 58350.
Our preference:
the downside prevails as long as 58350 is resistance.
Alternative scenario:
above 58350, look for 59510 and 60210.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 57925 and 58089).
Supports and resistances:
60210 **
59510 *
58350 **
57890
57436 last
55980
55290 **
54600 *
53900 **
Our preference:
the downside prevails as long as 58350 is resistance.
Alternative scenario:
above 58350, look for 59510 and 60210.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 57925 and 58089).
Supports and resistances:
60210 **
59510 *
58350 **
57890
57436 last
55980
55290 **
54600 *
53900 **
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