Bitcoin Intraday: as long as 55900 is support look for 58990
Sep 10, 2024 2:05 AM
as long as 55900 is support look for 58990.
Our pivot point stands at 55900.
Our preference:
as long as 55900 is support look for 58990.
Alternative scenario:
the downside breakout of 55900 would call for 54740 and 54060.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (56950) but above its 50 period moving average (55868).
Supports and resistances:
60370 **
59680 *
58990 **
58310
56810 last
56350
55900 **
54740 *
54060 **
Our preference:
as long as 55900 is support look for 58990.
Alternative scenario:
the downside breakout of 55900 would call for 54740 and 54060.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (56950) but above its 50 period moving average (55868).
Supports and resistances:
60370 **
59680 *
58990 **
58310
56810 last
56350
55900 **
54740 *
54060 **
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