Bitcoin Intraday: as long as 53930 is support look for 56920
Sep 9, 2024 6:47 AM
as long as 53930 is support look for 56920.
53930 is our pivot point.
Our preference:
as long as 53930 is support look for 56920.
Alternative scenario:
the downside breakout of 53930 would call for 52820 and 52160.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (54888) but above its 50 period moving average (54549).
Supports and resistances:
58240 **
57580 *
56920 **
56260
54883 last
54370
53930 **
52820 *
52160 **
Our preference:
as long as 53930 is support look for 56920.
Alternative scenario:
the downside breakout of 53930 would call for 52820 and 52160.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (54888) but above its 50 period moving average (54549).
Supports and resistances:
58240 **
57580 *
56920 **
56260
54883 last
54370
53930 **
52820 *
52160 **
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