Bitcoin Intraday: the upside prevails as long as 57450 is support
Aug 16, 2024 6:46 AM
the upside prevails as long as 57450 is support.
Our pivot point is at 57450.
Our preference: the upside prevails as long as 57450 is support.
Alternative scenario: below 57450, expect 56320 and 55640.
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 57827 and 58238).
Supports and resistances:
61840 **
61160 *
60490 **
59810
58453 last
57900
57450 **
56320 *
55640 **
Our preference: the upside prevails as long as 57450 is support.
Alternative scenario: below 57450, expect 56320 and 55640.
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 57827 and 58238).
Supports and resistances:
61840 **
61160 *
60490 **
59810
58453 last
57900
57450 **
56320 *
55640 **
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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