Bitcoin Intraday: the downside prevails as long as 57560 is resistance
Sep 5, 2024 1:02 PM
the downside prevails as long as 57560 is resistance.
57560 is our pivot point.
Our preference:
the downside prevails as long as 57560 is resistance.
Alternative scenario:
above 57560, look for 58710 and 59390.
Comment:
the RSI is below 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 56938 and 57426).
Supports and resistances:
59390 **
58710 *
57560 **
57110
56655 last
55290
54600 **
53920 *
53240 **
Our preference:
the downside prevails as long as 57560 is resistance.
Alternative scenario:
above 57560, look for 58710 and 59390.
Comment:
the RSI is below 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 56938 and 57426).
Supports and resistances:
59390 **
58710 *
57560 **
57110
56655 last
55290
54600 **
53920 *
53240 **
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