Bitcoin Intraday: below its lower Bollinger band
Jul 16, 2024 8:05 AM
under pressure below 64620.
Our pivot point is at 64620.
Our preference: under pressure below 64620.
Alternative scenario: above 64620, look for 65560 and 66120.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64323 and 63556). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 63210).
Supports and resistances:
66120 **
65560 *
64620 **
64250
62823 last
61720
61170 **
60620 *
60070 **
Our preference: under pressure below 64620.
Alternative scenario: above 64620, look for 65560 and 66120.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64323 and 63556). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 63210).
Supports and resistances:
66120 **
65560 *
64620 **
64250
62823 last
61720
61170 **
60620 *
60070 **
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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