Bitcoin Intraday: the downside prevails as long as 66940 is resistance
Jul 23, 2024 2:11 PM
the downside prevails as long as 66940 is resistance.
66940 is our pivot point.
Our preference: the downside prevails as long as 66940 is resistance.
Alternative scenario: above 66940, look for 67920 and 68500.
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 66631 and 67132).
Supports and resistances:
68500 **
67920 *
66940 **
66560
66178 last
64940
64360 **
63780 *
63200 **
Our preference: the downside prevails as long as 66940 is resistance.
Alternative scenario: above 66940, look for 67920 and 68500.
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 66631 and 67132).
Supports and resistances:
68500 **
67920 *
66940 **
66560
66178 last
64940
64360 **
63780 *
63200 **
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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