Bitcoin Intraday: the upside prevails as long as 94920 is support
Nov 29, 2024 5:05 AM
the upside prevails as long as 94920 is support.
94920 is our pivot point.
Our preference:
the upside prevails as long as 94920 is support.
Alternative scenario:
the downside breakout of 94920 would call for 93210 and 92200.
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 95768 and 95495).
Supports and resistances:
101390 **
100370 *
99350 **
98340
96266 last
95590
94920 **
93210 *
92200 **
Our preference:
the upside prevails as long as 94920 is support.
Alternative scenario:
the downside breakout of 94920 would call for 93210 and 92200.
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 95768 and 95495).
Supports and resistances:
101390 **
100370 *
99350 **
98340
96266 last
95590
94920 **
93210 *
92200 **
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