Bitcoin Intraday: as long as 55010 is support look for 57440
Aug 6, 2024 8:24 AM
as long as 55010 is support look for 57440.
Our pivot point stands at 55010.
Our preference: as long as 55010 is support look for 57440.
Alternative scenario: below 55010, expect 54190 and 53710.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 55538 and 53984).
Supports and resistances:
58420 **
57930 *
57440 **
56950
55968 last
55340
55010 **
54190 *
53710 **
Our preference: as long as 55010 is support look for 57440.
Alternative scenario: below 55010, expect 54190 and 53710.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 55538 and 53984).
Supports and resistances:
58420 **
57930 *
57440 **
56950
55968 last
55340
55010 **
54190 *
53710 **
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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