Bitcoin Intraday: above its upper Bollinger band
Jun 16, 2024 8:02 AM
the upside prevails as long as 65290 is support.
65290 is our pivot point.
Our preference: the upside prevails as long as 65290 is support.
Alternative scenario: the downside breakout of 65290 would call for 64180 and 63520.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66131 and 66163). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (66247).
Supports and resistances:
69570 **
68900 *
68240 **
67580
66250 last
65730
65290 **
64180 *
63520 **
Our preference: the upside prevails as long as 65290 is support.
Alternative scenario: the downside breakout of 65290 would call for 64180 and 63520.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66131 and 66163). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (66247).
Supports and resistances:
69570 **
68900 *
68240 **
67580
66250 last
65730
65290 **
64180 *
63520 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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