Bitcoin Intraday: the downside prevails as long as 63420 is resistance
Jul 16, 2024 9:38 AM
the downside prevails as long as 63420 is resistance.
Our pivot point stands at 63420.
Our preference: the downside prevails as long as 63420 is resistance.
Alternative scenario: above 63420, look for 64340 and 64890.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 64097 and 63552).
Supports and resistances:
64890 **
64340 *
63420 **
63060
62649 last
61370
60820 **
60280 *
59730 **
Our preference: the downside prevails as long as 63420 is resistance.
Alternative scenario: above 63420, look for 64340 and 64890.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 64097 and 63552).
Supports and resistances:
64890 **
64340 *
63420 **
63060
62649 last
61370
60820 **
60280 *
59730 **
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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