Bitcoin Intraday: the upside prevails as long as 59030 is support
Aug 12, 2024 5:32 PM
the upside prevails as long as 59030 is support.
Our pivot point is at 59030.
Our preference: the upside prevails as long as 59030 is support.
Alternative scenario: below 59030, expect 58150 and 57620.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59220 and 59104).
Supports and resistances:
62480 **
61960 *
61430 **
60910
59755 last
59370
59030 **
58150 *
57620 **
Our preference: the upside prevails as long as 59030 is support.
Alternative scenario: below 59030, expect 58150 and 57620.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59220 and 59104).
Supports and resistances:
62480 **
61960 *
61430 **
60910
59755 last
59370
59030 **
58150 *
57620 **
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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