Bitcoin Intraday: the upside prevails as long as 89320 is support
Nov 18, 2024 5:05 AM
the upside prevails as long as 89320 is support.
Our pivot point stands at 89320.
Our preference:
the upside prevails as long as 89320 is support.
Alternative scenario:
the downside breakout of 89320 would call for 87810 and 86910.
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 90066 and 90371).
Supports and resistances:
95000 **
94100 *
93210 **
92310
90500 last
89910
89320 **
87810 *
86910 **
Our preference:
the upside prevails as long as 89320 is support.
Alternative scenario:
the downside breakout of 89320 would call for 87810 and 86910.
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 90066 and 90371).
Supports and resistances:
95000 **
94100 *
93210 **
92310
90500 last
89910
89320 **
87810 *
86910 **
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