Bitcoin Intraday: the upside prevails as long as 66240 is support
Oct 26, 2024 7:50 PM
the upside prevails as long as 66240 is support.
Our pivot point stands at 66240.
Our preference:
the upside prevails as long as 66240 is support.
Alternative scenario:
the downside breakout of 66240 would call for 65300 and 64740.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 66930 and 66869).
Supports and resistances:
69840 **
69280 *
68720 **
68160
66984 last
66610
66240 **
65300 *
64740 **
Our preference:
the upside prevails as long as 66240 is support.
Alternative scenario:
the downside breakout of 66240 would call for 65300 and 64740.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 66930 and 66869).
Supports and resistances:
69840 **
69280 *
68720 **
68160
66984 last
66610
66240 **
65300 *
64740 **
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