Bitcoin Intraday: our next up target stands at 98810
Nov 28, 2024 2:02 PM
our next up target stands at 98810.
Our pivot point is at 94410.
Our preference:
our next up target stands at 98810.
Alternative scenario:
the downside breakout of 94410 would call for 92710 and 91700.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 95404 and 95736).
Supports and resistances:
100830 **
99820 *
98810 **
97800
95750 last
95080
94410 **
92710 *
91700 **
Our preference:
our next up target stands at 98810.
Alternative scenario:
the downside breakout of 94410 would call for 92710 and 91700.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 95404 and 95736).
Supports and resistances:
100830 **
99820 *
98810 **
97800
95750 last
95080
94410 **
92710 *
91700 **
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