Bitcoin Intraday: the downside prevails as long as 59310 is resistance
Aug 12, 2024 3:05 AM
the downside prevails as long as 59310 is resistance.
59310 is our pivot point.
Our preference: the downside prevails as long as 59310 is resistance.
Alternative scenario: above 59310, look for 60170 and 60690.
Comment: the RSI is below its neutrality area at 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 59172 and 60200).
Supports and resistances:
60690 **
60170 *
59310 **
58970
58447 last
57340
56830 **
56320 *
55810 **
Our preference: the downside prevails as long as 59310 is resistance.
Alternative scenario: above 59310, look for 60170 and 60690.
Comment: the RSI is below its neutrality area at 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 59172 and 60200).
Supports and resistances:
60690 **
60170 *
59310 **
58970
58447 last
57340
56830 **
56320 *
55810 **
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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Bitcoin
70312
-493.16999999999825
-69.70%
