Bitcoin Intraday: the downside prevails as long as 59620 is resistance
Aug 19, 2024 4:04 AM
the downside prevails as long as 59620 is resistance.
59620 is our pivot point.
Our preference: the downside prevails as long as 59620 is resistance.
Alternative scenario: the upside breakout of 59620, would call for 60770 and 61450.
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 59068 and 59468).
Supports and resistances:
61450 **
60770 *
59620 **
59170
58725 last
57360
56680 **
56000 *
55320 **
Our preference: the downside prevails as long as 59620 is resistance.
Alternative scenario: the upside breakout of 59620, would call for 60770 and 61450.
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 59068 and 59468).
Supports and resistances:
61450 **
60770 *
59620 **
59170
58725 last
57360
56680 **
56000 *
55320 **
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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