Bitcoin Intraday: the downside prevails as long as 57470 is resistance
Sep 11, 2024 8:41 AM
the downside prevails as long as 57470 is resistance.
57470 is our pivot point.
Our preference:
the downside prevails as long as 57470 is resistance.
Alternative scenario:
above 57470, look for 58640 and 59330.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 56839 and 57081).
Supports and resistances:
59330 **
58640 *
57470 **
57010
56466 last
55080
54390 **
53690 *
53000 **
Our preference:
the downside prevails as long as 57470 is resistance.
Alternative scenario:
above 57470, look for 58640 and 59330.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 56839 and 57081).
Supports and resistances:
59330 **
58640 *
57470 **
57010
56466 last
55080
54390 **
53690 *
53000 **
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