Bitcoin Intraday: the upside prevails as long as 67550 is support
Nov 5, 2024 5:05 AM
the upside prevails as long as 67550 is support.
67550 is our pivot point.
Our preference:
the upside prevails as long as 67550 is support.
Alternative scenario:
the downside breakout of 67550 would call for 66590 and 66010.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 67840 and 68263).
Supports and resistances:
71210 **
70640 *
70060 **
69490
68344 last
67930
67550 **
66590 *
66010 **
Our preference:
the upside prevails as long as 67550 is support.
Alternative scenario:
the downside breakout of 67550 would call for 66590 and 66010.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 67840 and 68263).
Supports and resistances:
71210 **
70640 *
70060 **
69490
68344 last
67930
67550 **
66590 *
66010 **
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