Bitcoin Intraday: as long as 57050 is support look for 60110
Sep 5, 2024 12:05 AM
as long as 57050 is support look for 60110.
Our pivot point stands at 57050.
Our preference:
as long as 57050 is support look for 60110.
Alternative scenario:
the downside breakout of 57050 would call for 55870 and 55170.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 57980 and 57192).
Supports and resistances:
61510 **
60810 *
60110 **
59410
58005 last
57510
57050 **
55870 *
55170 **
Our preference:
as long as 57050 is support look for 60110.
Alternative scenario:
the downside breakout of 57050 would call for 55870 and 55170.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 57980 and 57192).
Supports and resistances:
61510 **
60810 *
60110 **
59410
58005 last
57510
57050 **
55870 *
55170 **
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