Bitcoin Intraday: target 57360
Aug 12, 2024 9:05 PM
target 57360.
Our pivot point is at 59920.
Our preference: target 57360.
Alternative scenario: above 59920, look for 60790 and 61310.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (59422) but above its 50 period moving average (58974).
Supports and resistances:
61310 **
60790 *
59920 **
59580
59008 last
57870
57360 **
56840 *
56330 **
Our preference: target 57360.
Alternative scenario: above 59920, look for 60790 and 61310.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (59422) but above its 50 period moving average (58974).
Supports and resistances:
61310 **
60790 *
59920 **
59580
59008 last
57870
57360 **
56840 *
56330 **
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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