Bitcoin Intraday: the upside prevails as long as 56410 is support
Aug 8, 2024 7:32 AM
the upside prevails as long as 56410 is support.
Our pivot point stands at 56410.
Our preference: the upside prevails as long as 56410 is support.
Alternative scenario: the downside breakout of 56410 would call for 55570 and 55070.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56272 and 56365).
Supports and resistances:
59680 **
59180 *
58680 **
58180
57175 last
56740
56410 **
55570 *
55070 **
Our preference: the upside prevails as long as 56410 is support.
Alternative scenario: the downside breakout of 56410 would call for 55570 and 55070.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56272 and 56365).
Supports and resistances:
59680 **
59180 *
58680 **
58180
57175 last
56740
56410 **
55570 *
55070 **
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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