Bitcoin Intraday: the downside prevails as long as 60520 is resistance
Aug 11, 2024 9:01 PM
the downside prevails as long as 60520 is resistance.
Our pivot point stands at 60520.
Our preference: the downside prevails as long as 60520 is resistance.
Alternative scenario: above 60520, look for 61400 and 61930.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60380 and 60807).
Supports and resistances:
61930 **
61400 *
60520 **
60180
59738 last
58540
58020 **
57500 *
56970 **
Our preference: the downside prevails as long as 60520 is resistance.
Alternative scenario: above 60520, look for 61400 and 61930.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60380 and 60807).
Supports and resistances:
61930 **
61400 *
60520 **
60180
59738 last
58540
58020 **
57500 *
56970 **
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.
Related Instruments
Bitcoin
71067.99
262.820000000007
+37.10%
