Bitcoin Intraday: under pressure below 58750
Aug 16, 2024 1:02 PM
under pressure below 58750.
Our pivot point is at 58750.
Our preference: under pressure below 58750.
Alternative scenario: the upside breakout of 58750, would call for 59880 and 60550.
Comment: the RSI is below 50. The MACD is below its signal line and positive. 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 58299 and 58236).
Supports and resistances:
60550 **
59880 *
58750 **
58310
57865 last
56520
55850 **
55180 *
54510 **
Our preference: under pressure below 58750.
Alternative scenario: the upside breakout of 58750, would call for 59880 and 60550.
Comment: the RSI is below 50. The MACD is below its signal line and positive. 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 58299 and 58236).
Supports and resistances:
60550 **
59880 *
58750 **
58310
57865 last
56520
55850 **
55180 *
54510 **
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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