Bitcoin Short Term: our next up target stands at 76640
Jul 16, 2024 12:56 AM
our next up target stands at 76640.
Our pivot point is at 59560.
Our preference: our next up target stands at 76640.
Alternative scenario: the downside breakout of 59560 would call for 52960 and 49030.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59778 and 63976).
Supports and resistances:
84510 **
80570 *
76640 **
72700
64810 last
62160
59560 **
52960 *
49030 **
Our preference: our next up target stands at 76640.
Alternative scenario: the downside breakout of 59560 would call for 52960 and 49030.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59778 and 63976).
Supports and resistances:
84510 **
80570 *
76640 **
72700
64810 last
62160
59560 **
52960 *
49030 **
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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