Bitcoin Intraday: target 56160
Jul 12, 2024 8:41 PM
target 56160.
Our pivot point is at 58610.
Our preference: target 56160.
Alternative scenario: the upside breakout of 58610, would call for 59480 and 60000.
Comment: the RSI is below 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 trading under its 20 period moving average (57797) but above its 50 period moving average (57439).
Supports and resistances:
60000 **
59480 *
58610 **
58260
57724 last
56680
56160 **
55640 *
55130 **
Our preference: target 56160.
Alternative scenario: the upside breakout of 58610, would call for 59480 and 60000.
Comment: the RSI is below 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 trading under its 20 period moving average (57797) but above its 50 period moving average (57439).
Supports and resistances:
60000 **
59480 *
58610 **
58260
57724 last
56680
56160 **
55640 *
55130 **
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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