Bitcoin Intraday: the upside prevails as long as 56910 is support
Sep 4, 2024 7:50 PM
the upside prevails as long as 56910 is support.
Our pivot point stands at 56910.
Our preference:
the upside prevails as long as 56910 is support.
Alternative scenario:
the downside breakout of 56910 would call for 55730 and 55040.
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 above its 20 and 50 period moving average (respectively at 57292 and 57179).
Supports and resistances:
61460 **
60770 *
60070 **
59370
57881 last
57370
56910 **
55730 *
55040 **
Our preference:
the upside prevails as long as 56910 is support.
Alternative scenario:
the downside breakout of 56910 would call for 55730 and 55040.
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 above its 20 and 50 period moving average (respectively at 57292 and 57179).
Supports and resistances:
61460 **
60770 *
60070 **
59370
57881 last
57370
56910 **
55730 *
55040 **
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