Bitcoin Intraday: our next up target stands at 62990
Oct 3, 2024 7:50 PM
our next up target stands at 62990.
59830 is our pivot point.
Our preference:
our next up target stands at 62990.
Alternative scenario:
the downside breakout of 59830 would call for 58660 and 57960.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60538 and 60752).
Supports and resistances:
64400 **
63700 *
62990 **
62290
60878 last
60300
59830 **
58660 *
57960 **
Our preference:
our next up target stands at 62990.
Alternative scenario:
the downside breakout of 59830 would call for 58660 and 57960.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60538 and 60752).
Supports and resistances:
64400 **
63700 *
62990 **
62290
60878 last
60300
59830 **
58660 *
57960 **
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