Bitcoin Intraday: as long as 63880 is support look for 66710
Jul 16, 2024 5:29 AM
as long as 63880 is support look for 66710.
Our pivot point is at 63880.
Our preference: as long as 63880 is support look for 66710.
Alternative scenario: the downside breakout of 63880 would call for 62930 and 62370.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64278 and 63449).
Supports and resistances:
67850 **
67280 *
66710 **
66140
64632 last
64260
63880 **
62930 *
62370 **
Our preference: as long as 63880 is support look for 66710.
Alternative scenario: the downside breakout of 63880 would call for 62930 and 62370.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64278 and 63449).
Supports and resistances:
67850 **
67280 *
66710 **
66140
64632 last
64260
63880 **
62930 *
62370 **
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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