Bitcoin Intraday: below its lower Bollinger band
Aug 15, 2024 2:05 AM
the downside prevails as long as 59290 is resistance.
Our pivot point is at 59290.
Our preference: the downside prevails as long as 59290 is resistance.
Alternative scenario: above 59290, look for 60420 and 61100.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58935 and 59970). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (58389).
Supports and resistances:
61100 **
60420 *
59290 **
58840
58289 last
56720
56040 **
55370 *
54700 **
Our preference: the downside prevails as long as 59290 is resistance.
Alternative scenario: above 59290, look for 60420 and 61100.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58935 and 59970). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (58389).
Supports and resistances:
61100 **
60420 *
59290 **
58840
58289 last
56720
56040 **
55370 *
54700 **
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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