Bitcoin Intraday: target 56170
Jul 7, 2024 8:10 AM
target 56170.
Our pivot point stands at 58410.
Our preference: target 56170.
Alternative scenario: the upside breakout of 58410, would call for 59230 and 59720.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (57969) but above its 50 period moving average (57470).
Supports and resistances:
59720 **
59230 *
58410 **
58090
57638 last
56660
56170 **
55690 *
55200 **
Our preference: target 56170.
Alternative scenario: the upside breakout of 58410, would call for 59230 and 59720.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (57969) but above its 50 period moving average (57470).
Supports and resistances:
59720 **
59230 *
58410 **
58090
57638 last
56660
56170 **
55690 *
55200 **
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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