Bitcoin Intraday: as long as 60360 is support look for 62740
Aug 11, 2024 7:38 AM
as long as 60360 is support look for 62740.
60360 is our pivot point.
Our preference: as long as 60360 is support look for 62740.
Alternative scenario: the downside breakout of 60360 would call for 59460 and 58930.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61061 and 60889).
Supports and resistances:
63810 **
63280 *
62740 **
62200
61133 last
60710
60360 **
59460 *
58930 **
Our preference: as long as 60360 is support look for 62740.
Alternative scenario: the downside breakout of 60360 would call for 59460 and 58930.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61061 and 60889).
Supports and resistances:
63810 **
63280 *
62740 **
62200
61133 last
60710
60360 **
59460 *
58930 **
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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