Bitcoin Intraday: as long as 62020 is support look for 65320
Sep 20, 2024 2:05 AM
as long as 62020 is support look for 65320.
Our pivot point is at 62020.
Our preference:
as long as 62020 is support look for 65320.
Alternative scenario:
the downside breakout of 62020 would call for 60770 and 60030.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (63139) but above its 50 period moving average (62722).
Supports and resistances:
66800 **
66060 *
65320 **
64580
63097 last
62500
62020 **
60770 *
60030 **
Our preference:
as long as 62020 is support look for 65320.
Alternative scenario:
the downside breakout of 62020 would call for 60770 and 60030.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (63139) but above its 50 period moving average (62722).
Supports and resistances:
66800 **
66060 *
65320 **
64580
63097 last
62500
62020 **
60770 *
60030 **
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