Bitcoin Intraday: the downside prevails as long as 58440 is resistance
Aug 16, 2024 12:06 AM
the downside prevails as long as 58440 is resistance.
Our pivot point stands at 58440.
Our preference: the downside prevails as long as 58440 is resistance.
Alternative scenario: above 58440, look for 59560 and 60220.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 58133 and 58382).
Supports and resistances:
60220 **
59560 *
58440 **
58000
57534 last
56170
55500 **
54830 *
54170 **
Our preference: the downside prevails as long as 58440 is resistance.
Alternative scenario: above 58440, look for 59560 and 60220.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 58133 and 58382).
Supports and resistances:
60220 **
59560 *
58440 **
58000
57534 last
56170
55500 **
54830 *
54170 **
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.
Related Instruments
Bitcoin
69097.17
-1708
-241.20%
