Bitcoin Intraday: above its upper Bollinger band
Jul 19, 2024 2:47 PM
the upside prevails as long as 63340 is support.
Our pivot point is at 63340.
Our preference: the upside prevails as long as 63340 is support.
Alternative scenario: below 63340, expect 62390 and 61830.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64064 and 63942). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (64612).
Supports and resistances:
67590 **
67020 *
66450 **
65880
64750 last
63710
63340 **
62390 *
61830 **
Our preference: the upside prevails as long as 63340 is support.
Alternative scenario: below 63340, expect 62390 and 61830.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64064 and 63942). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (64612).
Supports and resistances:
67590 **
67020 *
66450 **
65880
64750 last
63710
63340 **
62390 *
61830 **
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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