Bitcoin Intraday: as long as 56430 is support look for 58700
Aug 7, 2024 9:37 AM
as long as 56430 is support look for 58700.
Our pivot point is at 56430.
Our preference: as long as 56430 is support look for 58700.
Alternative scenario: below 56430, expect 55590 and 55090.
Comment: the RSI is above 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 56742 and 56273).
Supports and resistances:
59710 **
59210 *
58700 **
58200
57100 last
56760
56430 **
55590 *
55090 **
Our preference: as long as 56430 is support look for 58700.
Alternative scenario: below 56430, expect 55590 and 55090.
Comment: the RSI is above 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 56742 and 56273).
Supports and resistances:
59710 **
59210 *
58700 **
58200
57100 last
56760
56430 **
55590 *
55090 **
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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