Bitcoin Intraday: under pressure below 59730
Aug 13, 2024 4:56 AM
under pressure below 59730.
Our pivot point stands at 59730.
Our preference: under pressure below 59730.
Alternative scenario: above 59730, look for 60600 and 61120.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59225 and 59134).
Supports and resistances:
61120 **
60600 *
59730 **
59390
58909 last
57830
57320 **
56800 *
56290 **
Our preference: under pressure below 59730.
Alternative scenario: above 59730, look for 60600 and 61120.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59225 and 59134).
Supports and resistances:
61120 **
60600 *
59730 **
59390
58909 last
57830
57320 **
56800 *
56290 **
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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