Bitcoin Intraday: the upside prevails as long as 59700 is support
Aug 13, 2024 7:50 PM
the upside prevails as long as 59700 is support.
Our pivot point stands at 59700.
Our preference: the upside prevails as long as 59700 is support.
Alternative scenario: the downside breakout of 59700 would call for 58520 and 57820.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 59828 and 59471).
Supports and resistances:
64470 **
63760 *
63060 **
62350
60909 last
60170
59700 **
58520 *
57820 **
Our preference: the upside prevails as long as 59700 is support.
Alternative scenario: the downside breakout of 59700 would call for 58520 and 57820.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 59828 and 59471).
Supports and resistances:
64470 **
63760 *
63060 **
62350
60909 last
60170
59700 **
58520 *
57820 **
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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